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EURJPY H4 - Short SignalEURJPY H4 Here is a comparitive, both eurozone base currencies, typically move very similarly due to correlation, the only factors being the length of the rally and the spikes caused from recent interest rate hikes and economic outlooks from central banks. That being said, both following suit to some degree. I think we are starting to hit the pivot points for correction as mentioned last week, we have just yet to have seen it. An inkling of downside volume last week, can we see this resume again going forward?
Short
by Trade_Simple_FX
Kirloskar Ferrous Swing Trade SetupThis will be my personal trade Setup, This is not an advice of any kind to initiate trade according to this setup. This is for only for my learning purpose and maintaining my trading journal. Price was in uptrend and then at ATH it was in consolidation from last 4-5 months and broke today with good volume support. Nearby Support is now 478 which was acting as resistance. Once Resistance broke becomes support. If it sustains tomorrow or till this week then we can see good move upwards. will try to buy if price retest this resistance or if there is any pull back near support of 477. and will buy with stoploss at 477. Target will be 515,520. I cannot update charts or my ideas coz i don't have pro subscription i can only post additional charts if reputation level is above 10..need your supports who ever watch or agrees with setups i am posting. It will only take seconds. Thanks everyone.
KLong
by TradeInsights
GBPUSD TRADE IDEAGBPUSD has ad a break of structure on the 1H and 4H timeframes. now price is at the 4h orderblock and a FVG on the 1h. i would like to see a good rejection at this level accompanied with a break of structure on maybe the 5min to go short on this pair. COT data shows institutions are more on the long side of the USD than GBP, so I believe this might be a trade that pans out. Anyway this is just my opinion, if you have anything to add or an opposing view, I would like to hear from you.
Short
by shady_sage
Bank Nifty Trade Setup (13-June-2023)This will be my personal trade Setup, This is not an advice of any kind to initiate trade according to this setup. This is for only for my learning purpose and maintaining my trading journal. For Trade Setup: Bank nifty keep making inside candles and not much range to be in directional trades good move will be after break of 44500 on upside. and 43700 then 43500 on downside. 1.) If opens flat will see if it breaks PDH or PDL and sustain the break. 2.) If breaks PDH will buy for target 44250 (this will be like scalp) . next target will be 44450. 3.) If break PDL and 43730 then will short for target of 43390. no trades if gaps as long as there is no clear setups.
NSE:BANKNIFTY
by TradeInsights
Nifty Trade Setup (13-June-2023)This will be my personal trade Setup, This is not an advice of any kind to initiate trade according to this setup. This is for only for my learning purpose and maintaining my trading journal. Head & Shoulder pattern on higher time frame of Nifty. If nifty respects this pattern then we can expect good move downward. On Upside Resistance is at : 18660,18777. On Downside support is at : 18550,18500, (If market respects pattern then 18400 last support. From last week all indices are range bound and not good for directional trades setups. For Trade Setup today: 1.) Will buy if break and sustain above 18660 for target of 18720, 18750. 2.) If price breaks down and sustains below 18550 ( Neckline of Head & Shoulders pattern ) then will short for target of 18502, 18460. No trades if gaps and if there is no clear movement or there are overlapping candles.
NSE:NIFTY
by TradeInsights
S&P500 - WEEKLY PREVIEW | KW03 |In today's article, we will look at the *S&P500* and its relevant markers for the coming week. > KW 03 = 16.01. - 20.01. > The marks should serve you as orientation for your own analysis. > The "VIOLET" marked ZONES are TARGET RANGES - for possible trades. ! NOTE ! If financial events take place, there is a high probability that through market maker manipulation, the given marks are not respected . > Every Monday, I therefore upload a FX event overview, the respective week, which gives you an insight of the "turbulent" days and times. The cover picture shows an example of a possible trade . > This is one of many possible setups and is not alone in the room. ASSESSMENT This week, the S&P500 will, with great probability, come up against a strong resistance. As can be seen quite nicely from the daily perspective, a downtrend line resistance area is coming towards it. (Red lines + Red colored area). > In addition, important Fibonacci levels and a 4-hour SUPPLY zone are untouched, which for a further upswing, must first be overcome. > My target range for the upward movement is - 4,040 - 4,060 points - in this zone, strong resistance should be expected at the latest. > Of course, this forecast must be supported by the USD (DXY), which would be the driver for a possible sell-off in the S&P500. POSSIBLE MARKET SCENARIOS > THESIS 1: On Monday, we directly see a strong USD = S&P500 immediately sells off. > THESIS 2: On Monday, we continue to see a weakening USD = S&P500 will run into my "target range" and then bounce back. > THESIS 3: On Monday, we see by the new data of W2, another down sell in USD = S&P500 will run into my "target area", conquer it and run up to further spheres. OUTZOOMED "4 HOURS + DAY - INTERVAL" "1 HOUR + 4 HOUR - INTERVAL" ZOOMED IN "4 HOURS + DAY - INTERVAL" "1 HOUR + 4 HOUR - INTERVAL" POSSIBLE SCENARIES „4 HOUR – INTERVAL“ > Let's share our perspectives and views in the comments. > Sharing your point of view allows each of us to improve. If this idea and explanation has added value to you, I would be very happy to receive a review. Thank you and happy trading! ZIEL IST DIE AUTARKIE | THE GOAL IS SELF-SUFFICIENCY
OANDA:SPX500USDLong
by ZielIstDieAutarkie
USD / CHF – ANALYSIS OF THE BIG PICTUREMy analysis today deals with how the further course of our most popular forex pair "USD / CHF" could look. > The technical analysis and selected indicators, confirm the thesis of an imminent rise. = Why, that I explain after the introduction. The DXY / USD has a non-negligible impact on USD / CHF, as the whole economy depends on its behavior, and it directly competes in composition. > Meanwhile, this seems to take a run-up, for a final upswing, which could put the currency pair under massive selling pressure. > Regardless of these selling pressures coming from the USD, USD / CHF has arrived at a very strong support, which suggests a rising price. In the following, the analysis goes into detail, so that the significant levels and areas are known to you. For this purpose, I have performed a "MULTI-TIME-FRAME" analysis, which refers to the higher time units (month & week) and thus makes the big picture visible. Normally all time units below "1h" are called noise, but even a - 1h-4h - analysis is of no use to you, if the knowledge about the big and whole is missing. > We traders know that no one can predict the future, and that is exactly why you have to be prepared for all initial situations. > If the DXY should rise again, that means "BLOOD" for the traditional and crypto markets. > This creates dangers, but also opportunities - it is important to look at the big picture. > Which levels are RELEVANT, I have explained in detail in the following pages. Table of contents 1st part = INTRODUCTION 2nd part = TECHNICAL ANALYSIS = Monthly - Time frame = Weekly - Time frame 3rd part = CONCLUSION PART ONE "INTRODUCTION" After "USD/CHF" formed a top at USD 1.015 in October|2022, a sharp sell-off has been unleashed thereafter. > This sell-off continued until the beginning of February, where we encountered serious support for the first time. > The sell-off was fueled by its base currency, the USD, which also experienced a sell-off. > Since the USD, showed signs of a possible bottom, this was reflected in the pair under consideration. > In recent weeks, we have seen an increasingly weaker sell-off, which I believe suggests a rise. = We have worked off the HTF Fibonacci - 0.786 - and saw a strong reaction. = The volume profile of the last 2-years, supports the current bottom with a strong area. = The "DAILY" - MACD + RSI - both show divergences, which further strengthens the rise thesis. > Once you look at the DXY (USD index) at the higher time levels, the further sell-off in the traditional markets becomes even more likely. (My DXY analysis is linked below this post, for confirmation purposes). SECOND PART TECHNICAL ANALYSIS For the analysis of the higher time levels, I proceed according to the onion-skin principle. > MONTH - level > WEEK - level > DAY - level These are divided into > SUMMARY > CHARTS The charts are presented in logarithmic scaling, as the given information can be visually presented in a more harmonious way. (This also refers to Fibonacci levels.) 1st MONTH – Time frame SUMMARY The trend channel shown in the chart, in turquoise, was formed since 1985 and has been able to maintain itself as a legitimate trend channel since then. Its mid-trend line showed reactions when confronted and was respected by the market. > The share price is at the decade-old resistance line and had challenged it over the past months. The trend channel shown in the chart, in earth color, formed since 2008 and directed the sideways movement that has existed since then. > The price is between the middle and support line of the channel. The trend lines shown in the chart, in purple, formed in the 80s and turned out to be excellent resistance or support areas. > The price bounced the last time in 2015, which was reflected in an extreme reaction. The trend lines drawn in the chart, in earth color, formed in the 90s and turned out to be excellent resistance or support areas. > The price bounced the last time in 2018, which was reflected in an extreme reaction. If we go into more detail about the "SUPPLY & DEMAND" zones, you can look at four "DEMAND" + "SUPPLY" zones on the chart. > The "DEMAND" zone 1, is STRONG = followed a Strong movement. > The "DEMAND" zone 2, is VERY STRONG = followed a very strong movement. > The "SUPPLY" zone 1, is STRONG = followed a strong movement. > The "SUPPLY" zone 2, is VERY STRONG = followed a very strong movement. The Fibonacci retracements should serve us as additional confirmation, and have been taken into account in past movements (last decades). > FIB 1 | will serve as a very strong resistance should the price attempt another run up. > FIB 2 | are the possible targets that come into play in the event of a further sell-off. (LIGHTLY weighted) > FIB 3 | are the possible targets that come into play on another sell-off. (MEDIUM weighted) > FIB 4 | are the possible targets that come into play in the event of a further sell-off. (STRONG weighted) Some levels of interest are in front of us, which in the last months + years, played a strong role for the market. > The currently most relevant - POIs are | 0.90 & 0.95 | already represented an important brand since the year 2011 and thus currently take a very strong role. > The other POIs are by no means to be neglected and will play a role for the price development in the coming days, weeks and months. (Therefore, take your time and transfer the ones that are relevant for you into your chart). OVERVIEW CURRENTLY RELEVANT CHARTS Overall picture without POIs + without FIBONACCI Overall picture without POIs Overall picture without FIBONACCI ATTENTION In the following time levels, I will only deal with the NEW, added elements. . 2nd WEEK – Time frame SUMMARY Besides the already mentioned trend channels + trend lines, others become visible. > These have caused reactions in the chart in the past and should therefore be kept in mind. The monthly "SUPPLY & DEMAND" zones are joined by others from the weekly view that coincide with other resistance / support elements. > The "DEMAND" zone 1, is MEDIUM STRONG = followed a Strong movement + combination with Monthly "DEMAND" zone 1. > The "SUPPLY" zones 1, is WEAK = followed a weak movement. > The "SUPPLY" zones 2, is VERY STRONG = followed a very strong movement + combination with Monthly "SUPPLY" zone 1. As further Fibonacci additions, we have two more elements: > Both newly drawn elements can be combined with the previously mentioned elements. Lastly, I would like to draw your attention to the "MARKET STRUCTURE BREAK": > These represent relevant resistance areas and reinforce the "TARGET ZONE 1". CHARTS Overall picture Overall picture without FIBONACCI Overall picture with TARGET ZONES THIRD PART CONCLUSION "The market is always right." As far as forecasts and analyses are concerned, everyone gives free rein to their opinion. > Depending on the analyst's past success, he or she is believed to a greater or lesser extent, but only one can always be right. In summary, based on technical analysis, there are strong reasons for a rising USD/CHF rate. > Since the price top in October|2022 - the monthly candles have been dominated by bearish. > A possible break of the support elements is not impossible, but rather unlikely. > The divergences in the daily RSI + MACD, suggest a bullish movement. For this reason, I expect a strong USD/CHF exchange rate and a strong USD and an accompanying bloodbath in the traditional and crypto markets. > Positioning after confirmation of this thesis = LONG. If this idea and explanation has added value to you, I would be very happy to receive an evaluation of the idea. Thank you and happy trading! ZIEL IST DIE AUTARKIE | THE GOAL IS SELF-SUFFICIENCY
Long
by ZielIstDieAutarkie
BTC/USD - LONG SCENARIOS - ANALYSIS - DThe "BTC/USD" is in a downtrend since Nov – 2021, and it is obvious that we can expect a trend reversal if necessary. -> The coupling of traditional markets to BTC is very high because of institutional investors (example: S&P500 falls = BTC falls). -> I will analyze in more detail in today's post at which key areas we can expect resistance at a LONG. -> For this, we will look at the "BTC/USD" from the daily view and integrate elements of the daily, weekly and monthly charts. TABLE OF CONTENTS - 1st part = EXPLANATION - used indicators + levels - 2nd part = SCENARIOS - Pro + Con breakdown - 3rd part = CONCLUSION FIRST PART 1. | FIBONACCI RETRACEMENT | For this Fibonacci retracement, we take the move, which started in - Sep/2022 - and ended in - Sep/2022 -. -> 0.618 FIB = 21,013.91 USD | Pending processing -> 0.65 FIB = 21,163.44 USD | Pending processing -> 0.75 FIB = 21,630.75 USD | Pending processing -> 0.786 FIB = 21,798.97 USD | Pending processing -> 0.88 FIB = 22,238.24 USD | Pending processing -> 1.618 FIB = 25,686.93 USD | Pending processing > As "dotted" lines - drawn in the chart. 2. | FIBONACCI RETRACEMENT | For this Fibonacci retracement, we take the movement, which started in - Aug/2022 - and ended in - Sep/2022 -. -> 0.618 FIB = 22,504.72 USD | Pending processing -> 0.65 FIB = 22,731.45 USD | Pending processing -> 0.75 FIB = 23,439.99 USD | Pending processing -> 0.786 FIB = 23,695.06 USD | Pending processing -> 0.88 FIB = 24,361.08 USD | Pending processing -> 1.618 FIB = 29,590.06 USD | Pending processing > As "dashed" lines - drawn in the chart. 3. | FIBONACCI RETRACEMENT | For this Fibonacci retracement, we take the movement, which started in - May/2022 - and ended in - June/2022 -. -> 0.328 FIB = 22,468.86 USD | Pending processing -> 0.618 FIB = 26,754.19 USD | Pending processing -> 0.65 FIB = 27,227.05 USD | Pending processing -> 0.75 FIB = 28,704.75 USD | Pending processing -> 0.786 FIB = 29,326.72 USD | Pending processing -> 0.88 FIB = 30,625.76 USD | Pending processing > As "solid" lines - drawn in the chart. 4. | DEMAND ZONES The demand zones formed at the beginning of the upward movement, thus they were created and in - June-Oct/2020. -> WEEK ZONE | 1 | = 29,282.36 – 32,399.00 USD | Pending processing -> DAYS ZONE | 1 | = 21,538.51 – 22,799.00 USD | Pending processing -> TAGES ZONE | 2 | = 23,671.22 – 25,211.32 USD | Pending processing -> DAY ZONE | 3 | = 29,944.10 - 32,399.00USD | Pending processing -> 4 HOURS ZONE | 1 | = 22,182.93- 22,794.61USD | Pending processing -> 4 HOURS ZONE | 2 | = 23,111,.04- 23,600.00USD | Pending processing > As "GREY" areas - drawn in the chart. 5. | POINT OF INTEREST | The points of psychological interest, were created the first time Nov - 2017 - and showed some reactions since then. -> POI | 1 | = 22,600 USD | Pending processing -> POI | 1 | = 28,000 USD | Pending processing -> POI | 2 | = 30,000 USD | Pending processing | POI should be used as support in the upcoming situation. | POI is used as ZONE -> no point exact support. > As "Orange" line - drawn in the chart. 6. | SIDEWAYS CHANNEL | The sideways channel formed at the last sell-off, in - May/2022. -> Range = 22.800,00 USD - 18.626,00 | Pending settlement SECOND PART As soon as the price reaches the broken down levels, we can expect a reaction from the market, which depends on the "weighting" of each level. 1. | SCENARIO | TOP - at approx. 23,600-24,400 USD (momentum-dependent) What would speak for it: - "BREAK OF THE SIDEWARDS-TREND CHANNEL" + confirmation - "FIBONACCI RETRACEMENT (1) = completely worked off - "FIBONACCI RETRACEMENT (2) = 0.786 - "SUPPLY ZONES | D1 (1) + 4H (1+2) = Drop-Base-Rally = WEAK + this idea must be supported by the DXY + S&P500! = DXY falls + S&P500 rises What is the argument against it: - "BREAK OF THE SIDE DOWNTREND CHANNEL" + without confirmation. - "FIBONACCI RETRACEMENT (2) | 0.618+ 0.65 FIB" - "FIBONACCI RETRACEMENT (3) | 0.328 FIB" - "POINT OF INTEREST (1) - "SUPPLY ZONE | D (2) = rally base drop = STRONG - Entire AREA - marked with "RED ZONE" = very strong resistance - need enough momentum to break it and stay above it. All levels plotted on this screenshot: 2. | SCENARIO | TOP - at approx. 27,500 – 30,000 USD (momentum dependent) What would speak for it: - "FIBONACCI RETRACEMENT (1) + (2) | Worked down to the 1.618s - "FIBONACCI RETRACEMENT (3) | 0.328s = Pending - "SUPPLY ZONES | Worked down to the W (1) + D (3) = Outstanding - Liquidity Pools - Uptrend line serves as resistance - Test from last market structure break + this idea must be supported by the DXY + S&P500! = DXY falls + S&P500 rises What is the argument against it: - All AREAS - marked with "RED ZONE" = are very strong resistances - we need enough momentum to break this and stay above. All levels drawn in on this screenshot: CONCLUSION What the exact scenario for "BTC/USD" will look like is impossible to say at the moment. The correlation relevant for us to make decisions is as follows: - DXY (USD) is currently like a kind of indicator of fear in the market, with which it controls the S&P500. - The S&P500 is currently at a very relevant level (3,600 points), if this breaks sustainably (with confirmation), we will see a strong sell-off in all markets - market crash! (for this please look at my SHORT SCENARIOS version to get the relevant levels). - If this market crash does not happen, then all markets will go into a "recovery rally". The traditional market will also pull the crypto market up with it. - If this market crash does occur, then it will also have a significant impact on BTC. (Liquidation cascades of stop loss orders and fear from retail market participants.) -> The marked levels should all realize a reaction, which are dependent on momentum. -> Once it is apparent that we have formed the BOTTOM, I will upload a detailed LONG execution. -> Feel free to discuss it in the comments and share our perspectives, I would be "burning" to hear your take on it all. If this idea and explanation added any value to you, I would be very happy to see a review of it. Thank you and happy trading!
Long
by ZielIstDieAutarkie
GOLD Potential SHORT | 4HHello guys, I want to share with you my view on GOLD. As you are already aware, Gold is in a big UPTREND on all the big timeframes, but it needs to correct. Speaking of, looking at the 4H chart the price already started a pullback and right now is consolidating for another drop. I am expecting this correction to develop in a similar manner with the one highlighted with the orange arrow I will check out the price action and look for a bearish reaction at the FVG level highlighted on the chart in order to make an idea about the momentum. If the price moves sideways around that area, I will avoid trading it and will wait for a strong bearish impulse followed by a correction because it can continue to go up. That would be my confirmation and I would only be interested in the sell setups. I will not get engaged in any buys from this level. Rember: NO SETUP, NO TRADE! Trade with care!
FXOPEN:XAUUSDShort
by financialflagship
Trading A "WV" Pattern - Trade Setup ExampleHello Traders, here is an example of how to trade a "WV" pattern which given the right conditions is a high probability trade setup. I'll let the chart speak for itself, however here are some key notes. A "WV" pattern by itself is a strong pattern, however its best to find setups which combine multiple factors. In the example above you have 2 strong factors: 1) "WV" pattern (Retrace to Trendline) 2) Retrace to the 200 MA Either one of those by themselves would not give you a strong enough setup to enter, however when you combine both the trendline retrace and the 200ma you have a very strong setup. You can see how price reacted in a very strong manner and had a significant bounce, this is testament to how strong a setup can be when factors are combined. Thanks everyone and best of luck trading!
NASDAQ:ISRG
by natef1
1
Bank Nifty Prediction for Todayon 27th April 2023 Spot Nifty Bank Closed at 43000.85 (+ 0.4%) Pivot Level : 42926.95 Support Level : 42810.50 / 42610.15 Resistance Level : 43117.30 / 43233.75 Scenario 1 :- If Bank Nifty opens flat or gap up and break at the level 43078, go for call Option or Future buying with Strict Stop Loss of 43050 for target of 42500. Scenario 2 :- If Bank Nifty opens gap down and breaks the level of 42800, go for put Option Buying or selling buying with Strict Stop Loss of 42842 for target of 42500.
NSE:BANKNIFTYShort
by InvestorDost