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DXY fluctuations lead to gold falling sharplyGold dropped sharply withinside the context of traders being careful earlier than americaA introduced crucial records approximately the monetary situation. Money flows making a bet at the USD as US Federal Reserve (Fed) officers stay hawkish, decided to step up the combat towards inflation. After every announcement with the aid of using a Fed official, the USD strengthens, thereby placing downward stress on gold prices. The USD is likewise supported with the aid of using efforts to reduce hobby quotes early with the aid of using many essential important banks withinside the world, along with the ECB of Europe and Canada... Recently, the USD isn't most effective strong at a excessive stage however additionally has a tendency to boom in price.
TVC:GOLDLong
by TrategySherpa
+4R Textbook trade breakdown☝️Do not act based on my analysis, do your own research!! The main purpose of my resources is free, actionable education for anyone who wants to learn trading and improve mental and technical trading skills. Learn from hundreds of videos and the real story of a particular trader, with all the mistakes and pain on the way to consistency. I'm always glad to discuss and answer questions. 🙌 ☝️ALL ideas and videos here are for sharing my experience purposes only, not financial advice, NOT A SIGNAL. YOUR TRADES ARE YOUR COMPLETE RESPONSIBILITY. Everything here should be treated as a simulated, educational environment. Important disclaimer - this idea is just a possibility and my extremely subjective opinion. Do not act based on my analysis, do your own research!!
COINBASE:BTCUSD
by Yelli_trades
1
🎮💹 GALA Trading Strategy - Spot Trades and Laddering! 🚀📊🔍 Strategy Overview: Condition: Price bounced from the $0.035 - $0.0385 support area. Entry Criteria: Ladder into the trade within the support zone. Targets: Aim for the next resistance levels at $0.043 - $0.045 or $0.049 - $0.051. Risk Management: Set stop-loss just below $0.035. 📢 Analysis: Considering BTC's overbought conditions, a cautious approach with spot trades and laddering can help manage risks effectively. Stay vigilant and adapt to market dynamics. 🌐🚀 #GALA #CryptoTrading #RiskManagement 💰📈
Long
by Richtv_official
ETHUSD (D) may experience a decline to the $26K-$26.5KCOINBASE:ETHUSD ETHUSD may experience a decline to the $26K-$26.5K ETHUSD (D) may experience a decline to the price range of $26K-$26.5K. This assessment is grounded in the following observations: RSI divergence at both the peak and trough of the recent uptrend indicates a weakening bullish pressure relative to selling pressure. The non-breaking of the MA50 support on the initial attempt is a typical response but also suggests a reevaluation of the prevailing trend. The abrupt and notable decline, swiftly moving from the $26K price range to $22.4K, raises substantial concerns compared to the preceding ascent. Despite a robust price increase, recent volume has not demonstrated remarkable strength, highlighting the presence of numerous unsustainable FOMO factors. RSI resides in the overbought zone, signaling the potential for a price correction at this stage (yet to be confirmed as a trend reversal). The nearest price support zone lies within the range of $26K-$26.5K, presenting an opportune level for this corrective phase.
COINBASE:ETHUSDShort
by VNSmartMoney
3
Trading Strategy for #DAO/USDT Amidst Falling Wedge Breakout and"📈 #DAO/USDT Chart Update: Breakout from Falling Wedge, Retest Underway 🚀 The DAO token has recently broken out of a falling wedge pattern, signaling a potential reversal and bullish momentum. Currently in the retest phase, this presents an entry opportunity for traders. 🔍 Entry Strategy: Planning to buy at the current market price (CMP) and considering additional purchases at 1.09$ during the retest. 🎯 Targets: TP1: 1.26$ TP2: 1.33$ TP3: 1.5$ TP4: 1.8$ 🛑 Stop Loss (SL): Set at 1.0292$ to mitigate potential losses in case of adverse price movements. It's crucial to emphasize the importance of conducting your own research (DYOR) before making any trading decisions. This information is provided for analysis purposes and not as financial advice. Stay informed and trade responsibly! 🚀"
Long
by CRYPTOMOJO_TA
Boeing Stairsteps for Swing TradingNYSE:BA has the most powerful and longest momentum run of all of the 30 Dow components. The company reports earnings on January 24th and the run up implies that the 4th quarter is likely to be better than previous quarters in 2023. This stock has moved strongly since the bottom in November and has been able to pattern out some of the speculation with stairsteps to keep the run moving upward beyond the resistance level of its range trend. Some of this movement upward is ETF developers building more ETF units for certain industries and corporations. Profit-taking is likely soon for this swing trade as it nears the long-term resistance at the 2021 highs. However, there is now support from the range of the August highs.
NYSE:BA
by MarthaStokesCMT-TechniTrader
XRP SHOWING NEW BREAK POSSIBLITYThank you for reading this update. Depending on our study we see that XRP has a good chance of volume increase. This updates depending on day trade, And the market should confirm with time the right market way. XRP known from a stable coin that takes time before it increase also it needs much higher marketcap than the most regulare coins. #Nottradingadvice #For day traders take always profits when market increase #Expect noting from the markets, but follow what it shows.
Long
by SatochiTrader
Is GBPAUD now in a larger range? On the Daily chart (right panel) you can see the wedge GBPAUD has been respecting until Tuesday when a large sell of caused it to close outside. After a flush down on AUD news Wednesday, it saw strong buying pressure which looks to be resuming today after a drop early London. I'm now starting to look at the 30m range from 1.9060 to 1.9320 as the way to play this. There is a decent way to go before we get to the top of the range, but it could manage it tomorrow given the 21 day ExMo is 140. At which point I may look to buy a Put for next week, and trade the intra-day price action on Monday as a way to gain exposure to potential downside without having to hold the over night risk on a tradition position. Overall well worth watching as the Aussie pairs have been moving nicely in recent weeks and we want to capitalise on that while we can.
Short
by RuckSack
IBM: A Risky Earnings TradeNYSE:IBM Reports after the market closes today. It is probably at or near its fundamental levels even if the report is weak. The chart shows a strong support level as the stock price is at the neck of the bottom completion level. IBM is in a long term trading range when viewed on a long term trend. The problem is a weak CEO who has failed at reinvention and a stock that is pricey for its growth potential. However, it has more upside potential than downside. It would take a really negative report to create a strong run down. That is not likely. PSHI is very low so less savvy investors own almost half the outstanding shares. This means trading the earnings report is riskier.
NYSE:IBM
by MarthaStokesCMT-TechniTrader
Think Before You Short: AMZN EarningsTraders need to check weekly charts when considering selling short stocks at this time. Many times there are strong support levels close to the current sold down price action. The weekly charts also provide more data for day and swing traders to determine the all important RUN GAIN POTENTIAL. This must be calculated before any trade to determine the Risk versus Profit Potential for that trade, regardless of whether the hold time is a few minutes or several days for swing trading. For many stocks, the recent selling down is not due to weaker earnings expectations but due to an overall reaction to retail news regarding international conflicts, US government uncertainties and regional wars. The key element for trading stocks short-term is to understand where support will kick in and halt a sell short trade. Understanding the functionality and the strength or weakness of a support level is crucial to attaining a high-profit trade. It is also a factor if you are waiting on the Dark Pool Buy Zone levels for getting into the stock for a run up from support levels. Below is a chart of AMZN, which reports earnings on Thursday this week after the market close. It shows that support is strong near the current price level. This indicates that the Dark Pool Buy Zone is within that technical price range. Selling short is inherently higher risk as the support level is a long-term trend strong support. Why is it so strong? 1. There is a several-week price range that held the stock up. 2. Highs are a support mechanism when the stock market is not in a long-term downtrend. ALL traders should know that this is not a bear market. Indexes are in a Trading Range. 3. The length of the candles is significant and relevant to the strength of the support.
NASDAQ:AMZN
by MarthaStokesCMT-TechniTrader