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GBP/NZD POSSIBLE SETUP H1 - SHORT TRADERegarding GBPNZD, we have a bearish market with a very strong New Zealand dollar after negative data on AUD overnight. Currently, the market is retracing towards 2.0550, where we have a forex48 block, our personal strategy. In this area, it will be crucial to wait for a confirmation on the M15 chart before entering a short position with a target at 2.0495. Let me know what you think. Greetings from Nicola, the CEO of Forex48 Trading Academy.
Short
by Forex48_TradingAcademy
7
PLUG rises on EV Sector strengthPLUG on the daily chart demonstrates a VWAP breakout having first trended down into the lowermost VWAP bands from anchored VWAPs originating in November 2022 and January 2023. Fundamentally, PLUG is burning cash but less of it with each succeeding earnings report. In the past two months price has ascended through a couple of VWAP lines and has now crossed the mean VWAP in a sign of bullish momentum. Price bounced up from the POC line of the volume profile in a demonstration of bullish buying power and buyers defending that support level. The dual RSI indicator shows that the 3-hour time frame RSI line in blue crossed over the slower weekly time frame RSI line in black about June 28 and they are both above the 50 level is another bullish sign. On June 30, the zero-lag MACD had its lines descend to the horizontal zero line and bounce upward over a positive histogram. The relative volume indicator shows increasing overall volumes with the mean rising from 15M to 26M daily overall. The presumption is that increasing volume supports price action while decreasing volumes would cause price and volatility stagnation. From this analysis, I conclude the time is right for a long-swing trade of PLUG. i will zoom into a 15-30 minute time frame seeking a pivot low from which to enter using a stop loss of 12.15 and targeting those upper aVWAP bands/lines.
NASDAQ:PLUGLong
by AwesomeAvani
NFLX builds more momentum LONG for nowNFLX has been trending up for three weeks. If the trend is getting old it is now showing. Based on a set of two anchored VWAP bands originating June 1 and June 15, Netflix is breaking through VWAP bands from the lower -2 standard deviation lines to the +2 standard deviation lines and nearly the third upper deviation lines. This is a clear and convincing VWAP breakout with buyers in overwhelming control Trading volume today is about 4 or 5 times the running average and about 1M. Volume support for price action is obvious. The dual time frame RSI shows 1 hr TF RSI (blue line) shot up crossed over the daily TF RSI (black line) and is retreating a bit. The daily RS is below 80 and still trending up. The MACD shows a classical bullish momentum pattern with the lines well above the histograms. Overall NFLX has the risk of overextension and possible topping with a fade afterwards. The mass index indicator shows a value into the reversal zone but until the value rises and the drops to 26.5, the trend is still intact. I will take a long trade here, hoping for a quick 5% ROI between now and the end of the week and about 50% on an options trade with a strike of $500 expiring July 28th which I will close upon a confirmed reversal and use the profits realized therefrom to buy a put option to take a ride down.
NASDAQ:NFLXLong
by AwesomeAvani
1
EUR/USD DOUBLE SETUPS BEFORE US RATESOn EURUSD, we have a bearish setup that is approaching the 1.1150 area, where a price reversal could occur as we have a FVG (Failed Vertical Gains). However, the price could retrace first to the 1.1217 area, where we have a Forex48 block, indicating a potential zone for a short entry. In both situations, we need the appropriate confirmation before entering the market. Let me know your thoughts in the comments. Greetings from Nicola, CEO of Forex48 Trading Academy.
Short
by Forex48_TradingAcademy
1
USD/CAD LONG AND SHORT SETUP AFTER NEWSOn USDCAD, we have a neutral - bearish setup today. The price has been bouncing off a support level for hours. At the moment, however, it has not yet confirmed a long entry. Therefore, there are two hypothetical scenarios. The market provides confirmation on M15 and H1 at the level of 1.3170 after the US data, or the price drops below the support level towards 1.3090. Let me know what you think. Greetings and happy trading to everyone from Nicola, CEO of Forex48 Trading Academy.
Short
by Forex48_TradingAcademy
4
CPRT Entry, Volume, Target, StopEntry: when price clears 89.79 Volume: with daily volume greater than 2.6M Target: 94.50 area Stop: Depending on your risk tolerance; 88.23 gets you 3/1 Risk/Reward. This swing trade idea is not trade advice and is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not take this trade based on my idea, do not follow anyone blindly, do your own analysis and due diligence. I am not a professional trader.
NASDAQ:CPRTLong
by tradepatiently
USDJPY - WILL THE FED INCREASE INTEREST RATES?USDJPY is currently showing a bullish trend, supported by the increase in sentiment among American consumers over the past month. At the moment, the price is at an interesting zone around 138.70, where it could retrace to the level of 137.60. At this level, we have a Forex48 block, which represents a potential entry point for a long trade. Alternatively, the price could reach the zone of 141.60, where we have another Forex48 block, indicating a possible reversal and an entry point for a short trade. The upcoming week looks promising with some significant macro data, especially considering the perspective of the Federal Reserve. Wishing everyone successful trading, and greetings from Nicola, CEO of Forex48 Trading Academy.
Long
by Forex48_TradingAcademy
9
USDCAD TWO POSSIBLE SETUPS H1On USD/CAD, we have a bullish setup with the price establishing a strong demand zone around 1.3128 and rising by breaking through the supply zone around 1.3177. Within this zone, the price has defined a Forex48 block, which is a potential entry point for a long trade in case of a pullback. In addition to this point, the price has identified another one in the zone of 1.3260-1.3270, where the price could retrace for a short entry. Let me know what you think, share your opinion, and leave a like to support our work. We would be truly grateful. Greetings from Nicola, the CEO of Forex48 Trading Academy.
Long
by Forex48_TradingAcademy
XAUUSD RE-TEST BEFORE A LONG TRADE H1On gold, we have a price that has stabilized in the range of 1050-1960 after a strong rally following the US data. In fact, we have seen a truly weak dollar during the week, except for yesterday when the greenback managed to regain some ground. However, I expect a price rebound in the 1938 zone, which corresponds to the 0.5% Fibonacci level, as the price is currently at the 0.25% level, which has acted as support. Therefore, I anticipate a retracement before going long and retesting the 1965 levels in the supply zone. If you'd like, we would be really grateful if you shared your opinion and left a like to support our work. Greetings from Nicola, CEO of Forex48 Trading Academy.
OANDA:XAUUSDLong
by Forex48_TradingAcademy
Can UCAR Power Up?UCAR a stock somehow involved in the EV sector showed its spikeability earlier this month with a 280% run up and has since faded back to about 66% higher than the price before the run up. The question is can it do the same thing again? Price is sitting on the support of the POC line of the volume protile while the RSI just crossed 50 a threshold of sorts for bullish momentum. The MACD is slowly working its way into that momentum with the K/D lines heading towards a cross of the horizontal zero. The relative volume indicator shows that during the price spike mentioned above volume spiked as well. Volume is presently low. I will watch this stock with an alert for volume above the running mean of 10 days. That way I may get an early heads up of possible impending price spiking action.
NASDAQ:UCARLong
by AwesomeAvani
1
TBT Treasuries Bear Leveraged ETFTBT is going to take another swing now that interest rates are going up. Fundamentally, Treasuries and other bonds will go down on their real face value because their yield is lower than the new going rate. Inverse EFTs like TBT will go up when Treasuries go down. On the w Chart chart, price is sitting above the POC line of the volume profile where there is support and high volatility. Above the line shows buyers in control ready to move price higher. The Awesome Oscillator flipped green today after the fed news showing that selling momentum has been replaced by buying momentum ( capitulation at the bottom). The volume indicator shows a clear uptick in buying volume. TBT offers options to further leverage this trade. I will take a call options position of several contracts for the 5/12 expiration at a strike about 5% below the current price. I expect 100% return on risk by next Monday and more after that.
AMEX:TBTLong
by AwesomeAvani
GNRC - trending upAnother typical example of a stock breaking up (into a new uptrend) after forming a base: 1. Broke out of the neckline and did a classic retest of this neckline a few days later, affirming the neckline as the new support 2. trading above it's 200 day moving average 3. Golden cross for additional confirmation that the stock is in "recovery" Recent volume was not exceptional though, hence how far the stock could rise remains to be seen. Initial stop loss just under 131 (below most recent pivot low @ 131.35). Watch out for earnings expected around 26 July. Might be prudent to take some profits off prior to earnings release. Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is (probably the most) important! Take care and Good Luck!
NYSE:GNRCLong
by Juliac
1
RIOT - uptrend underway (painstakingly but surely)RIOT formed an Adam and Eve base formation and began to break out of its first neckline @7.80 on 17 March. We then saw a classic "breakup and retest (of neckline) several days later before it began to propel on strong volume to break decisively above its 2nd neckline @10.50. Alas, just when we thought it was on its way to the moon after hitting high of 14.43 on 18 April (almost doubling from its first neckline@ 7.80), it then went into a messy and violent wedge consolidation for the next 2.5 months ("death by a thousand cuts"! LOL). Finally on 3rd July, it broke out of this wedge decisively and today (3 days later) we have another clear break above its last significant high @ 14.43. The stock is clearly in a rising trend now (and likely more small cap stocks will follow suit in the coming months). Stops raised to just under 12.60 now. Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is (probably the most) important! Take care and Good Luck!
NASDAQ:RIOTLong
by Juliac
RIVN - could break up in near futureRIVN went into basing formation since March 2023, testing the level 15.60 (neckline1) at least 4 times before a successful break up on 29 June, followed 2 days later by a huge volume gap up 3rd July. As of yesterday it closed right at the 2nd neckline @ 21.70, which incidentally is just above it's 200 day moving average (a positive). It's RSI is very strong and there is a reasonable chance it could be breaking above this neckline2 very soon (scenario 1 indicated in red). However, as it is also rather overbought at the moment, we could see another pullback before another attempt to break up (scenario 2 indicated in blue). Long the break of neckline 2 with initial stop loss below 19.30 (the recent 2 candles low). The market is volatile and trade management with trailing stops is a good idea. Balancing between how much wiggle room to give it (ie where to place the stop loss) will take some practice and experience. Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is
NASDAQ:RIVNLong
by Juliac
Stock Market Logic Series #4The Puppet Master in his best work. Once you see him, you can't unsee him. Whether you are a day trader or a stock investor, you should know where the bigger player that plays the stock intends to buy or sell the stock. If he intends to buy the stock, the stock will eventually go UP. If he intends to sell the stock, the stock will eventually go DOWN. You should always have in mind the following perspective: The bigger player AKA the Puppet Master, has unlimited amounts of money. He controls the market. If you view the market in this way, you will get the insight that if you think of yourself as having unlimited money to use, what would you do??? - You should make an experiment in TradingView Demo, and play as if you have unlimited money. You will get a lot of insight to the mind of the puppet master, just from this experience only. - You would try to buy out, all the other players and seduce them to sell the stock to you. - You buy out other people, by increasing the price up by pressing on the ASK, so people will take small profits. - You would try to shake out, using fear, to make other players sell the stock to you. - You shake people out by stopping buying on the ASK, and only willing to buy what other people willing to sell, you have time, you know you at any time can move the stock up, no matter how hard it went down. You move the stock up at any time by pressing hard on the ASK buy button. - Having unlimited money does not create stocks, it has to come from someone else. You need volume, so you could buy stock from weak players. As stated you have your ways of doing the above. -There is no selling and buying simultaneously, you have your campaign of buying and then of selling. Never do both at the same time. You thinking big, making serious money from the markup and the markdown of the stock. Once you understand this perspective, by looking at the volume, you can have a very good guess of what the bigger player or Puppet Master is doing. You see where he creates volume and where he has no volume, so he needs to respond (by buying aggressively on the ASK, and pushing the stock up). Chart is also self-explanatory Follow for more Stock market logic, volume analysis, chart patterns :)
NYSE:AIEducation
by ZoharCho
1