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Working Out A USDCAD Trade Idea I don't normally compare many markets when analyzing currencies, but I thought I'd try something new. Apart of being a trader is pushing yourself to try and track the results if you'll succeed or fail overtime. This is my first step forward trying this out. Let's see what happens. Markets I'm using? * Dollar Index- Indicie * USOIL- Commodity *USDCAD- Foreign Exchange market The idea is USDCAD will continue back to the previous low. Price is already testing my estimation zone(my created name to my trading strategy). If price closes bearish today I will enter the trade. What will invalidate the sell? As I am not in the trade yet, if price closes bullish I will not enter the trade. If price passes the last high at 1.29844, I'll know price has reversed. FYI: I am a swing trader who trend trades and trades based on the supply and demand of price. I don't use patterns, alot of indicators, or many candlestick formations. I keep my trading as simple as possible so I can see price action. Thank you for reading and watching the me analyze this trade idea!
Short
by ShaquanLopez
Daily analysis and day trading setups on DAX Ger30 20220812Happy Friday, Bulls are trying to reach for 14k handle while bears are barely holding their shorts (full on pun intended) Line in the sand for DAX today is 13580 Macro EU Industrial Production, GB GDP Estimate, US Michigan Cons. Sentiment Index Buy Break: 13690, 13760, 13830 Reversal: 13660, 13580, 13520, 13430 Sell Break: 13670, 13600, 13530, 13430 Reversal: 13710, 13770, 13840, 13870, 13940, 14k Green Goblin levels are here >>> Fibonacci Confluence levels are here >>>
OANDA:DE30EUR
by TradingIndian
IMBBY Ready For A Bullish PopLooking for a near-term bounce here for Imperial Brands. IMBBY with Two + years of bullish trading. Also, formed a bullish Pennant clearly outlined in price action. Risk-Reward on this looks solid, waiting for a pop higher for IMBBY then a retest below 22.50 support, then going to enter a long to try to capture that big move to the upside. IMBBY needs to cross above the 200-day SMA (depicted in neon green), in recent trading the 200-day has acted as a very reliable trend resistance line and it must be surpassed before a major move to the upside is possible for IMBBY. Stop loss is firmly set at 20.00, right around the bottoms of the support trend areas. IMBBY should work. Even in this volatile market. IMBBY's winning characteristics: Cheap valuation, Solid balance sheet, high dividend payer, an international scope of business, and a line of products that have highly insensitive demand. As always this is not financial advice. Good luck!
OTC:IMBBYLong
by Gooby_Trades
1
USDCAD Long: Excellent Buying Opportunity To Take Now!USDCAD is giving us an awesome entry to go long. The trigger for this trade is an ending diagonal pattern (the wedge shape between the dotted lines). Why do we like this setup do much? A diagonal pattern is a sign of exhaustion. The choppy, shallow-sloped, overlapping price action is an excellent sign that price is weakening, and is due for a change in trend. Clear momentum divergences on the MACD and RSI support this idea as well. On top of this, the pattern comes at the very end of another pattern we love to see: an expanded flat (as outlined by the (A)(B)(C) labels). This gives even more confluence to our idea, as a flat pattern is one of the core corrective patterns we trade here at Parallax. Exactly how you enter is up to you. You can enter now, or wait for the highs around 1.2950 to be breached first. Regardless, the invalidation level for this trade is 1.2766; price must not move past that level for this wave count to remain valid. This trade setup was created using the rules and guidelines of the Elliott Wave principle. We love the Wave Principle: it's our #1 choice when it comes to forecasting and technical analysis. We strongly believe that no other trading system gives you the same level of confidence when trading. The wave principle provides a rules-based approach for trade entry and exit, as well as active position management. At Parallax, we focus on wave analysis and 1-on-1 education to build a foundation of skills that give our clients the edge. We trade Crypto, Forex (FX), and equities. We keep our analysis simple, clear, and easy to execute. Comment below if you would like to see more trade ideas, Elliott wave analysis, and market updates.
Long
by ImreSG
2
Daily analysis and trade setups on DAX Ger30 20220802*** Tradingview has hidden my analysis for August 1, 2022 because it contained a link to my twitter profile. *** This is likely to be relatively quiet day unless some news appears. Practically entire Europe is now in vacation mode. Volumes are very thin and hence ticks can be jumpy. DAX is on a retracement journey. So potential retracement levels are 13350, 13290, 13230 & 13140 If it breaks above 13450 and shows the momentum then next potential levels are 13580, 13690, 13780 and 13840 Macro: US Fed Evans Speech Today's pivotal level is 13400. It remains bullish on the day above that and bearish below Buy Break: 13440, 13495, 13530, 13570, 13610 Reversal: 13340, 13260, 13200, 13170 Sell Break: 13390, 13320, 13250 Reversal: 13500, 13610, 13720 Green goblin chart is here >>> Confluence chart is here >>>
OANDA:DE30EUR
by TradingIndian
Bitcoin Scalping Signal for Day Trading🖥️ We have determined there is a 65% chance Bitcoin will Fall from our current entry point. 📉 SHORT BTC - Entry Price : $23,810 📉 💵 Length of trade: we are expecting BTC to hit a $185 scalp, with a high end of $300, and a minimum expectation of $125. 📰 We see BTC hitting $23,640 at least twice in next 14 hours (we see it trying to go down, and retracing back to its starting point more likely, than staying at its dropping point), with possibly attempting a try down to 23,470. 🕰️ Duration of trade: we are expecting this to occur not within 4 hours, likely taking longer. We feel possibly over 8 hours of this signal, with a maximum duration of 14 hours . 📰 Generally Weekends can take a long time with 2 mini-spikes about $150-200 in both directions. We see a low end spike for $300 as a logical max some time early a.m. EST. Don't get Greedy on the Weekend Take Profits early and even if Small.
Short
by VirlVideo
Bitcoin Scalping Signal for Day Trading🖥️ We have determined there is a 60% chance Bitcoin will rise from our current entry point. 📈 LONG BTC - Entry Price : $23.920 📉 💵 Length of trade: we are expecting BTC to hit a $250 scalp, with a high end of $550, and a minimum expectation of $150 🕰️ Duration of trade: we are expecting this to occur within 6 hours of this signal, with a maximum duration of 9.5 hours . ❗📋 We have a Signal for BTC to hit a Scalp, where we feel a quick spike up $200-250 is probable. But we do see a possibility of this trade taking a while and hitting near $24,500 at New York Market Open in the morning. Sometimes trades go slow until then. ❗📈BTC hitting 24,150 - 24,250 sooner then later to test the resent daily high seems very probable. Bitcoin might reject at this place, or shoot through, but we feel will touch this point regardless.
Long
by VirlVideo
2
Daily analysis and trade setups on NASDAQ 20220725NASDAQ is likely to range between Blue zone B & C waiting for FOMC on Wednesday. Macro: Chicago Fed National Activity Index surprise may move it a little bit Looking for #scalper #trade #setups only Blue zone B, C, D are in play Buy Break: 12520, 12590, 12680, 12815, 12885 Reversal: 12360, 12290, 12210, 12160, 12040 Sell Break: 12360, 12300, 12260, 12180, 12140 Reversal: 12540, 12570, 12610, 12700, 12765, 12795, 12820 Chart with Green Goblins here >>> Chart with confluence here >>>
OANDA:NAS100USD
by TradingIndian
Idling in between Signals📰 We are currently in an Idling position - THERE ARE NO SIGNALS - all trades are currently closed as we are observing the charts, and active movements. We see reasoning for both a 200+ spike up, and both a retracement down to $22,400 BTC. We do slightly lean towards a liquidity claim down to $22,400 BTC - BUT statistics show NO advantage in either direction , so we are still objectively NUETRAL - with personal observations leaning towards the 22.4 liquidity claim. ❗ DO NOT TAKE THIS INFORMATION AS AN ENTRY ❗
by VirlVideo
XLM Trade SetupMarket has been green over the past three days ! so good to see these kind of rallies after a long time. Moving to the XLM chart ! here's the thing, the pattern you are looking in the above chart is known as cup and handle pattern. As we all know BTC had broken it's range high in which it had been traded from the past 28 days, adding to this XLM had broken this cup and handle pattern and coming back to retest the breakout area. Here's what i think, my final target calling is 11% up from hereon therefore target price falls under $0.119 to $0.123, when can you enter the trade? Ofc you can enter right now as it is trading at the local support but one thing to keep in mind is observe the volume if not you can wait for it to come towards the breakout zone, but make decisions accordingly and also not to mention that my stoploss is below the breakout area, i hope you know trade management so that if the breakout fails you can cut your losses. Note : Anything provided here is not a financial advice, trade upon your own risk.
Long
by Livermore_Jr
3
ADA Trade SetupCrypto Market is in consolidation phase lately, as we know during this consolidation phase more likely assets form either continuation patterns or trend reversal patterns ! Here ADA against USDT forming ascending triangle pattern, indeed we can have breakout either way but IMO the breakout is likely upwards and it's interesting to make note that BTC experiencing huge sell pressure as of now! Even though many ALTS are forming bullish patterns it's upto BTC to make them work. But like I said let's just not try to predict the market move, Let's just read the market and wait patiently for the market to make the desired move so that we can enter the trade.
Long
by Livermore_Jr
3
USDJPY Rally Slowing Down; Get Ready to Go ShortThe USDJPY rally has a bit more gas in the tank than we first thought. But the 5 wave impulse that we were tracking is developing nicely, and still appears to be running out of steam. Here is our updated analysis on the lower time frames: we have a 5 wave impulse that is nearing completion (at multiple wave degrees). And even better: what pattern appears to be developing? Another triangle! If you saw our previous post on this pair, you know that we love to see triangles on the chart, as they are indicative of a trend change. So in this case, we are expecting a small wave up to new highs, after which a swift reversal should occur. Price must remain above 138.56 for the triangle interpretation to remain valid. If this wave count plays out, we will have significant opportunities to go short this pair. Let us know what you think! At Parallax, we focus on wave analysis and 1-on-1 education to build a foundation of skills that give our clients the edge. We trade Crypto, Forex (FX), and equities. We keep our analysis simple, clear, and easy to execute. Comment below if you would like to see more trade ideas, Elliott wave analysis, and market updates
Short
by ImreSG