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Trendanalyisis

BluetonaFX - AUDUSD Range Zone OpportunityHi Traders! There is an established new range zone on the AUDUSD 1H chart. After a bullish momentum push up, the previous range zone resistance was broken and then re-tested as support. We now have a consolidation period before there is either a continuation of the bullish momentum or a reversal back to the previous range zone if the bullish momentum is over. The new range zone is around 38 pips; support is at 0.66371 and resistance is at 0.66752, so there are good risk-reward opportunities to trade the range zone until there is a break to either side. Please remember to like, comment, and follow us, as your support greatly helps us. Thank you for your support. BluetonaFX 
by BluetonaFX
2
Bitcoin | Fundamental and technical analysis for July.Hello; 1. There is a negative divergence on the RSI on the Bitcoin weekly chart. 2. There is a bearish shark harmonic pattern on the Bitcoin daily chart. 3. The fact that the FED skips the rate hike in June and all FED members approve the rate hike 3 times until the end of 2023 at each meeting means that the price of bitcoin will fall. 4. Now that June is over and there will be a FED meeting on the 26th of July, I predict that this month will be a bearish one. 5. The negative divergence in the technical view and the highest level of RSI in the daily chart support this. 6. When Bitcoin price reaches $21,750, I predict that it will touch the trend line I have drawn on the weekly chart. 7. It is not known whether a new uptrend starts after the trend line, but my predictions are in this direction at the moment. 8. I added the bearish shark harmonic pattern, which was formed after the last rise in prices on the Bitcoin daily chart, as an image on the weekly chart. Good luck everyone.
BITSTAMP:BTCUSDShort
by UnknownUnicorn25728
BluetonaFX - AUDUSD Support Break OpportunityHi Traders! There is a support break opportunity here on the AUDUSD 4H chart. The price action shown on the 4H chart is very contrasting; here you can see two opposite types of channels that are almost identical to each other in terms of structure. First, there was an ascending channel showing a clear uptrend until a turning point where the bears took full control, and we have been in a descending channel since. There is a support level at 0.65644; however, there is potential for a break below this level, as this level is not as strong as the support level below it at 0.64583. The reason for this is that the market may look to test May 2023's low at 0.64583. There must be a break below 0.65644 for us to potentially retest 0.64583; if not, we can look for buying opportunities just above 0.65644, as the bulls will most likely start to regain control if there is not a support break. Please remember to like, comment, and follow us, as your support greatly helps us. BluetonaFX
by BluetonaFX
2
GBPCHF Head and Shoulders PatternThere is a head and shoulders pattern on the 4H timeframe on GBPCHF that has formed at a resistance level and now starting to show weakness as the uptrend runs out of steam.However I strongly recommend waiting for the neck line to be broken first and then enter a short trade.Also another confluence for this trade is the RSI divergence suggesting a downtrend.The trade setup for this would be to enter at the break of the neckline(wait for candle close) which is also a flip zone( resistance turned to support) and set stop loss at 1.14444 and take profit at the second support level at about 1.11679 Trade Setup: Entry - at the break and close of neckline Stop Loss - 1.14444 Take Profit - 1.11679
Short
by fayezhazzem
XAUUSD Bias UPDATE: Short; Monthly TimeframeAre you a swing or long-term trader, who is planning to buy gold now? If yes, I would love to say "Don't!" Why? It's because the market condition, technically, in the higher timeframe like monthly has already shown us where the market could head in a couple of months now. Go and run a check on the monthly timeframe as seen in the above monthly technical analysis. The price has reached a historical high and had three taps, preparing to move down as a bearish pin bar that has formed in the chart shown now. So, keep your eyes open to see the next big move soon.
OANDA:XAUUSDShort
by OraclePips
2
My Take On DXY 15th June '23When figuring price out one of the things we consider is what price might want to fill and after it has filled that, what might stop price and reverse it. So for DXY we see that it's currently filling a void that was made during the bullish move. It's also at a gap that might be filled. After that I think price might drop a bit lower to take out the old low where liquidity lies and either reverse at the FVG or the bullish order block below it. However, this depends on the bearish impulse on today's candle. The gap above would be a very good take profit point and we know that this move will play out in the opposite direction on XXUSD in case it goes according to my idea
CAPITALCOM:DXYLong
by JayForexAcademy
Problems You Face As A TraderIn the fast-paced world of Forex trading, you're constantly searching for a winning strategy that aligns with your trading style. It can be overwhelming, with multiple strategies leaving you frustrated and lacking the guidance needed to navigate the dynamic market. Let's talk about the problems you may face on your journey and if you are facing them comment them below and maybe I can encourage you through it. 1️⃣ Trend Identification: Without learning how to spot profitable trends and align yourself with the prevailing market direction, you may face the following challenges: Missed Opportunities You might miss out on potential profitable trades by failing to identify trends and enter at the right time. Trading Against the Trend When you trade against the prevailing trend, you increase the risk of entering losing trades, as the market momentum works against your position. Uncertainty in Trade Direction: Without trend identification, you may struggle to determine the overall direction of the market, leading to confusion and indecisiveness in your trading decisions. 2️⃣ Market Structure Estimation Zones: If you neglect to pinpoint critical entries through market structure (estimation zones), you may encounter the following issues: Inaccurate Trade Entries and Exits Without identifying your entry point, you may enter or exit trades at suboptimal price points, reducing your profitability. Increased Risk Failing to recognize key market structure price points increases the risk of placing trades in areas where price reversals or consolidations are likely to occur. Lack of Confidence in Trade Decisions Without a clear understanding of market structure, you may lack the confidence needed to make informed trade decisions, leading to hesitation and missed opportunities. 3️⃣ Efficient Execution in Under 1 Minute: If you are unable to execute trades swiftly and efficiently with predefined targets, stop-loss levels, and positions, you may face the following challenges: Missed Entries Delayed trade execution can cause you to miss optimal entry points, resulting in reduced profit potential. Emotional Decision-Making Slow execution may lead to emotional decision-making, as you may be influenced by short-term market fluctuations rather than sticking to your predetermined strategy. Increased Exposure to Market Risks Procrastination in trade execution increases your exposure to market risks, such as sudden price reversals or volatility, potentially resulting in higher losses. 4️⃣ Emotion-Free Trading with Pending Orders: Without incorporating pending orders to trade unemotionally and discipline yourself, you may encounter the following problems: Impulsive Trading Making decisions based on emotions and immediate market movements can lead to impulsive trades that deviate from your overall strategy. Inconsistent Trade Execution Emotion-driven trading decisions can result in inconsistent trade execution, causing variations in risk management and profit potential. Lack of Trading Discipline: Without the use of pending orders, you may struggle to adhere to your predefined trading plan, increasing the likelihood of undisciplined and impulsive behavior. 5️⃣ Customization for Different Trading Styles: If you neglect to tailor the trading strategy to your preferred trading style, you may experience the following challenges: Ineffective Trading Approaches Using a strategy that does not align with your preferred style may result in suboptimal trading decisions and reduced profitability. Lack of Comfort and Confidence If you cannot customize your strategy to match your preferred style, you may feel uncomfortable and lack confidence in executing trades, leading to indecisiveness and missed opportunities. Inconsistent Results Without adapting the strategy to your trading style, you may struggle to achieve consistent results, as the approach may not cater to your strengths and preferences. 6️⃣ Support for Struggling Traders and Beginners: As a struggling trader or beginner, without personalized coaching and guidance to nurture your trading skills, you may encounter the following difficulties: Inconsistent Performance: Without proper guidance, you may find it challenging to achieve consistent performance, leading to frustration and a lack of progress. Lack of Confidence Without support, you might struggle with self-doubt and a lack of confidence in your abilities, hindering your growth and development as a trader. Difficulty in Identifying Mistakes You may have difficulty identifying your mistakes and finding effective solutions without the guidance and feedback provided through personalized coaching. By focusing on trend identification, market structure estimation zones, efficient execution, emotion-free trading, and customization for your specific trading style, TMP(trend, market structure, and pending orders) empowers you to trade better so you can overcome some of the problems listed above. Traders, if you liked this idea, need encouragement, or liked my take on problems you may face as a trader, write it in the comments and like this post.
Long
by ShaquanLopez
4
Global Economy RecapGood day traders. International news recap. This recap has a high probability of influencing the international economic trends for the next six months. First, let us look at the trade balance of Mainland China, which stands at 452.3 billion yuan, compared to the previous value of 618.4 billion yuan (decreased by 26%). Furthermore, the trade balance in terms of the US dollar is 65.8 billion dollars, compared to the previous value of 90.2 billion dollars (decreased by 27%). From this, we can see a weakening in Mainland China's trade volume by a quarter. It's a big decline! Moving on to the United States, the trade balance for April is negative 74.6 billion dollars, compared to the previous value of negative 64.2 billion dollars. Declined by 16%! This indicates a weakening in US trade as well. I sense signs of an economic recession. However, Mainland China is quick to act. Today, they have lowered the deposit interest rates by 10-15 basis points, injecting liquidity into the market to stimulate the economy. Today is the 9th, and next week we should pay attention to the US CPI data (inflation data), as well as Wednesday's interest rate decision. According to CME's assessment of the probability of the Federal Reserve not raising interest rates on the 14th June stands at 78%. Conclusion: If next Tuesday's CPI data meets expectations or is lower than expected, coupled with no interest rate hike at 2PM on Wednesday, then gold, stock markets, and the cryptocurrency market will experience a short-term increase. However, in the medium to long term, we should be mentally prepared. The yield spread between the 10-year and 2-year Treasury bonds has reached 0.775%. Both Mainland China and the United States are experiencing a decrease in their trade balances, indicating signs of economic weakness. Recession MAY happen. For reference.
FOREXCOM:XAUUSD
by INFINITY8CADEMY