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Volumeanalysis

USDCAD LONG SETUP BEFORE FOMC + OPECOn USDCAD, we have a bullish setup with the price retracing to the 1.3226 area, touching a minor demand within the main demand zone. I have used this level as a possible entry zone with a target at 1.33. With the upcoming OPEC and FOMC events, the dollar could potentially have a bullish push this morning, considering also the DXI, which appears to have a bullish trend. It would be fantastic if you could share your opinion and give a like to support our work. Greetings and have a good day of trading from Nicola, CEO of Forex48 Trading Academy.
Long
by Forex48_TradingAcademy
2
GBPNZD TRADE LONG AFTER NEWSOn GBPNZD, after a short setup, the price has entered a box drawn on the H4 chart with a strong reaction. Here, the price could reverse, which is why I have set a long trade with a target at 2.0650 and a stop loss at 2.0490. I would like to point out that on the M15 timeframe, the price has formed a bullish candlestick pattern with a retracement to the 50 Fibonacci level. All of this has confirmed my entry. It would be fantastic if you could share your opinion and leave a like to support our work. Happy trading to everyone from Nicola, the CEO of Forex48 Trading Academy.
Long
by Forex48_TradingAcademy
GBPNZD SHORT TRADE ON VALUE GAPOn GBPNZD, we have had a bearish setup since Wednesday the 28th. My trade is based on a price retracement with validation inside a value gap around 2.0765. The price experienced a spike at the entry, retracing to the 61% Fibonacci level. The target is set at 2.0647, which corresponds to the second low we have on the H1 timeframe since our entry. It would be fantastic if you shared your opinion and left a like to support our work. Happy trading to everyone! Nicola, CEO of Forex48 Trading Academy.
Short
by Forex48_TradingAcademy
GBPUSD SHORT TRADE AFTER US NEWS On GBPUSD, we have a bearish setup after the US data. My trade was opened after the price validated the value gap around 1.2618 with a small spike. Now, I expect the price to drop to 1.2560, where we have an interesting zone on the H4 chart for a possible trend reversal. Everything will be postponed until tomorrow morning when the UK data will be released. It would be fantastic if you could share your opinion and leave a like to support our work. Greetings from Nicola, CEO of Forex48 Trading Academy.
Short
by Forex48_TradingAcademy
1
CADCHF POI OF REACTION FOR A LONG 0.6870On CAD/CHF, we have a price at 0.6870 where, according to my analysis, it appears to be consolidating before a potential upward move. I believe it could be a long position since we have a price with favorable volumes and a price that has retraced within our reaction point. The target is a simple 1:3 risk-reward ratio, as we have an equal amount of selling volumes at the supply zone around 0.6815 where the price could react. It would be fantastic if you could share your opinion and leave a like to support our work. Greetings from Nicola, the CEO of Forex48 Trading Academy.
Long
by Forex48_TradingAcademy
3
GBPAUD SHORT SIGNAL H1 On GBPAUD, we have a price that, after a nightly descent, bounced back in the VALUE GAP area highlighted in orange, around 1.8970. The trading strategy involves entering this zone with a target at 1.8850. Keep in mind that due to a wide stop loss, the price may linger around the stop level, touching the 38 and 50 Fibonacci levels before potentially descending by 120 pips to the set target. It would be great if you could share your opinion. Greetings from Nicola, CEO of Forex48 Trading Academy.
Short
by Forex48_TradingAcademy
3
NZDCAD SHORT SETUP H1 - ICT TRADINGOn NZDCAD, we have a bearish setup during the London session opening. I anticipate a potential retracement to level 0.8114, where we have a value gap and a supply zone with high trading volumes inside. In that zone, I expect a price bounce followed by a descent towards the 0.8075 area. We would appreciate it if you shared your opinion. We would be grateful if you could support our work with a 👍 Regards, Nicola, CEO of Forex58 Trading Academy.
Short
by Forex48_TradingAcademy
Bitcoin ($BTC) 3 Bullish scenariosLeft Chart: 1. I have displayed a head and shoulder formation that could take around 42k BTC. I already posted this scenario a couple months ago on my Twitter twitter.com Middle Chart 2. I drew an ABCDE move on the middle chart for longer-term and mid-term price forecasts. The short-midterm ABCDE move, which we have just confirmed/completed, suggests that we were about to reverse towards the upside creating an S/R (Support Resistant) Flip. As for the green wave, we have just finished our C move and bounced off the new demand zone, completing our D move as the price will likely move up as we are currently trending the upside to complete our E move. Targeting aorund 42k based on the 0.5 fib level Right Chart 3. Simple cup and holder formation that could take us to around 47k BTC.
Long
by yoyokenwan
🔻🚨 Bearish Bombshell: Bitcoin's Epic Rally Under Threat! 💥🐻Crypto enthusiasts, pay attention! We have an intriguing bearish setup on Bitcoin in the 4-hour timeframe. This trade opportunity revolves around a strong upward impulse, breaking out of a descending channel and propelling price to new heights. However, it's time to explore the technical analysis and uncover the potential for a trend reversal. Following the breakout, Bitcoin's price has reached a supply zone where buyers are likely to take profits. However, a closer analysis of the volume during the recent bullish move reveals a concerning pattern. The ascent from 27,000 to 30,000 occurred with minimal volume, indicating a lack of substantial support in this price range. This observation raises a crucial point of interest (POI) where bulls and bears are anticipated to engage in a fierce battle. To reinforce the bearish setup, the presence of moving averages turning as potential resistance levels adds strength to th trend reversal. These moving averages act as dynamic indicators, influencing market sentiment and providing additional selling pressure. If broken, they could be some serious confirmation to this trade. Furthermore, the oscillator indicator signals that the current price movement is overextended, suggesting an imminent correction. This further supports the notion of a potential reversal from the current levels. So, how can we capitalize on this trading opportunity? One approach is to wait for the price to break below the POI, indicating a potential trend reversal. This breakdown would signify a shift in market sentiment and open the door for a corrective movement. With a target set at the liquidity pool area around 27,000, traders can potentially benefit from a 10% correction. Stay vigilant and closely monitor the price action as the setup unfolds. Effective risk management and timely execution of trades will be crucial in navigating this potential trend reversal. Prepare yourself for a possible correction in Bitcoin and be ready to seize the opportunities it presents. Remember, trade smartly and adapt your strategies based on evolving market conditions. Wishing you successful trades, profitable outcomes, and an exhilarating journey in the dynamic world of trading!🔻💰 Don't forget to press the like button if you think this insight was helpful🚀💪
BITSTAMP:BTCUSDShort
by Thomas_Zito
The Power of Volume: Understanding Volume Analysis in TradingIn the dynamic world of financial markets, successful traders know that understanding volume analysis is crucial for making informed trading decisions. Volume, the number of shares or contracts traded during a given period, provides valuable insights into market dynamics and helps identify potential trends, reversals, and the strength of price movements. In this Educational article, we will explore the power of volume and its significance in trading, uncovering the key principles of volume analysis, practical strategies for incorporating it into your trading toolkit. 📊 The Basics of Volume Analysis 📊 Volume analysis is the study of trading activity represented by the volume of shares or contracts traded within a specified time frame. By analyzing volume alongside price movements, traders gain insights into market sentiment, liquidity, and the overall strength of a trend. Here are some fundamental concepts to consider: Volume and Price Relationship: Volume often accompanies significant price moves. When volume surges during an uptrend or downtrend, it suggests increased participation and conviction from market participants. Conversely, low volume during consolidations or indecisive periods can indicate a lack of interest or involvement. Volume Patterns: Patterns in volume can reveal important clues about market dynamics. For example, a gradual increase in volume during an uptrend may suggest a healthy and sustainable trend, while a sudden spike in volume near key support or resistance levels could signal potential reversals. 📊 Analyzing Volume in Different Market Scenarios 📊 Volume analysis can be applied across various market scenarios to gain insights into the underlying dynamics. Here are a few examples: Breakouts: When a stock or asset price breaks out of a key resistance level with high volume, it suggests strong buying interest and potential continuation of the uptrend. Reversals: A significant increase in volume accompanied by a sharp price reversal may indicate a trend exhaustion and potential reversal. Volume analysis helps validate potential reversal signals. Divergence: When the price is moving in one direction while volume is moving in the opposite direction, it can indicate a weakening trend. Divergences between volume and price can provide valuable early signals of trend reversals. Example: FINPIPE _ breakout with huge volume & reversal candle at retest (at support) of breakout with huge volume 📊 Integrating Volume Analysis into Your Trading Strategy 📊 To effectively incorporate volume analysis into your trading strategy, consider the following tips: Confirmation: Volume analysis can act as a confirmation tool for other technical indicators or chart patterns. For example, if a price breakout occurs with high volume, it confirms the strength of the breakout. Relative Volume: Compare current volume to historical averages to gauge the intensity of trading activity. Unusually high or low volume relative to average volume can highlight potential trading opportunities. Multiple Time Frames: Analyzing volume across different time frames can provide a broader perspective on market dynamics. Higher time frames can reveal long-term trends, while lower time frames offer insights into intraday trading activity. 📊 Volume Indicators 📊 To assist traders in analyzing volume effectively, several technical indicators have been developed. These indicators help visualize and interpret volume data in meaningful ways. Here are a few commonly used volume indicators: Volume: The most basic volume indicator, volume bars represent the volume traded during each price bar or candlestick. By comparing the height of volume bars across different periods, traders can identify anomalies or significant shifts in trading activity. Moving Average in volume indicator: Moving Average calculates the average volume over a specified period. It smoothens out volume data, making it easier to identify volume spikes. On-Balance Volume (OBV): OBV measures the cumulative volume by adding or subtracting the volume based on whether prices close higher or lower. It helps identify periods of accumulation or distribution and can provide early signals of trend reversals. Wave Volume Divergence: A unique addition to volume indicators, this indicator enhances volume analysis by providing wave volume divergence and cumulative volume information. Traders can utilize this indicator to identify potential divergences between volume and price, as well as observe the cumulative volume trends. If you found this article helpful, please give it a like and feel free to share your observations in the comments section. Your support and feedback are highly appreciated, as they keep me motivated to write consistently. Thank you for your support, likes, follows, and comments! For more articles and trade setups, don't forget to follow me on TradingView: in.tradingview.com Keep exploring the power of volume analysis, and remember: 🌟 "Success in trading comes to those who diligently study the market and adapt their strategies." 🌟 📊🚀📈 #TradingView #TechnicalAnalysis #VolumeAnalysis #MarketInsights
Editors' picks
NSE:NIFTYEducation
by AfnanTAjuddin
75
CFLT - New trend emergingCFLT broke above a basing neckline on 2nd June and has now pulled back to retest this neckline for since the last few days. So far, this neckline is still proving to be a support and it could be a good time to stake into the new uptrend that is emerging (with initial stop loss below the neckline at $31.50). Other technical factors that have lined up to increase its odds of success are: 1. Basing for the last 12 months (the long the basing period, the more sustainable the new trend) 2. now trading above it's 200 day moving average with a golden cross on 31st May 3. good increase in volume (ie., accumulation) seen in the weeks leading to the breakup on 2nd June The next area of strong resistence (aka supply) could be around $43 - $45 (which is 22-25% upside from here). There is a reasonable chance that it could go beyond this level in the coming months, however, I will manage trade with trailing stop loss along the way up. Sometimes it is ok to be stopped out prematurely (high chance in a volatile market) but we can always re-establish a position once the consolidation is over and momentum returns. 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 important! Take care and Good Luck!
NASDAQ:CFLTLong
by Juliac
5
USDJPY DOUBLE SETUPS AFTER US SPEECHOn USDJPY, we have a price that, after consolidating around 141.70 following Powell's remarks, has introduced two possible scenarios. The first scenario is a long one, with a breakout of the 142.30 level, a potential rebound in the demand zone, and further long positions. The second scenario, on the other hand, involves a break of the 141.30 level, a rebound in the supply zone, and a subsequent bearish rally. Patience is key. Share your opinion. Greetings from Nicola, CEO of Forex48 Trading Academy.
by Forex48_TradingAcademy
AUDNZD - Looks like a Long But on Daily ResistanceEvery chart has a story to say, this is the story of this one: We have been up-trending until we hit a Resistance level coming from the Daily chart. Some Sellers at the top with PRS signal Pullback to Fib and buyers are there again Now something is cooking at the top again because we have and Abnormal Speed Index of 56.8. The Bias is for Long but we are at very significant Level, so anything is possible. Patience and wait for the reaction! Enjoy! Learn to Read and Trade any Market!
by TradeTheVolumeWaves
EURNZD - Reading The Waves and Speed IndexEvery Chart has a story to tell this is the story of this one: We have been down trending with Plutus Short signals The last up wave before hitting 50 Fib was not that easy. That's a HTMU =hard to move up We have hit 50 Fib area and start to move up again but abnormal SI of 66 and down we go again. We a have few pips left to reach 61.8 (get some profit out if you are already short) but we should be cautious because can find buyers and never reach the 61.8. Enjoy! Learn to Read and Trade any Market
Short
by TradeTheVolumeWaves
USDCHF REVERSAL ZONE IS HERE!!!USD/CHF has recently found resistance and is now trading below the Ichimoku Cloud, indicating a downtrend. We anticipate a potential test of the upper border of the Cloud at 0.9065, followed by a decline towards 0.8865. A confirming signal for the downward move would be a rebound from the upper border of the descending channel. However, if there is a breakout above the upper border of the Cloud, securing above 0.9105, it would invalidate this scenario and suggest a further rise towards 0.9205. Nicola, CEO of Forex48 Trading Academy
Long
by Forex48_TradingAcademy
1
SCIB stock time to shineSCIB (Sarawak Consolidated Industries Berhad) Sector : Industrial Products & Services Market : Main On 8 May 2023, the price manage to breakout the 200-Days MA. This indicate the stock moving toward a positive long term uptrend. Supported with huge volume 93M. Currently the volume still highest, we assume next week(19-23 May) will occur some pullback or profit taking. The Mansfield RSI show that the price is trading at positive area (above 0) indicate that a buying interest already on mood. We optimist based on the Fibo the price will continue rising area 0.715 - 0.810.
MYX:SCIBLong
by NazrinAzmir
4