USD/CAD continues the downtrendOn USD/CAD , it's nice to see a strong sell-off from the price of 1.40170 and 1.40440. It's also encouraging to observe a strong volume area where a lot of contracts are accumulated.
I believe that sellers from this area will defend their short positions. When the price returns to this area, strong sellers will push the market down again.
Downtrend and high volume cluster are the main reasons for my decision to go short on this trade.
Happy trading,
Dale
Volume
EURCHF looking weak. re-distribution?Taking a trade when it reaches the POC (where there was the most volume).
TP et the low of the last big low.
Invalidation if it takes out the last high.
A potential 5.0 Risk to Reward setup
I think this is a big re-distribution and we are continuing to the downtrend
Here is a closer view at the entry potential:
We can see that I call it a fake bounce because it went down violently, but is struggling to go back up:
Filling the gap and returning to the main path.After the rapid movement of the price from 2708 and going down and breaking the level of 2605, the price made a correction in the direction of filling the gap of the market towards the level of 2653 by reaching the range of 2545 and it is expected that after the gap is filled and the distance between the market and the collision With the trend line and reaching the range of 2676-2655, the expectation is to return to its downward path.
Don't miss thisAfter the entry point that I gave, you can see how much profit it gave, I hope you didn't miss😉it
Short position:📉
I'm not talking about shorts, our trend is rising, all I can say is that below the support of 0.1939, you can open a short position, but I wouldn't open it myself.
For long position:📈
As you can see in the picture, when our volume decreases, it can show us that we will once again reach the ceiling of 0.2459.
The trend line of the one-hour time frame has had 3 collisions, it gets weaker with each collision, that's why we can break it
Early entry is more risky
We can take the broken 0.2098
Teaching tips:🤓
Teaching tips=More likely to be broken
Decrease in volume=Test the ceiling again
If you want me to analyze a coin, tell me in the comment🫡
⚠️ Do capital management to survive ⚠️
GREATEC - FROM BEARISH TO BULLISH ?GREATEC - CURRENT PRICE : RM2.37
After reach the bottom with a bullish HAMMER CANDLESTICK on 16 OCT 2024, the stock broke out of its downtrend in mid October and is building on a trend reversal, suggesting a bullish bias may be emerging.
Based on chart pattern analysis, we can see that there is a DOUBLE BOTTOM pattern. The downward movement from 12 July 2024 have potential of forming V BOTTOM pattern.
Today 06 Nov 2024, the share price make a new 2 month high to closed at RM2.37, supported by strong trading volume. This bullish momentum may propel the share price to move upside in the upcoming session.
Target Price : RM2.52 and RM2.70
Support : RM2.26 (half candle of today session)
Notes : Market reacts positively to Trump’s 'Victory' in Presidential Race. Bursa Malaysia Technology Index made a 6.18% gain on a single day. We hope this positive market sentiment will continue to push technology stocks to upward. Lets hope for the best.
TAYOR - TRADE AT YOUR OWN RISK.
XAGUSD. Trading opportunityHello traders and investors!
On the hourly timeframe, it's a long trend. In the last impulse, the key bar is in the middle at the 50% level of the impulse (!).
Locally, you can look for buying opportunities from the buyer’s defense of the 31.272–31.2 range. It’s better to set close targets, like the local high, or trail the trade. The buyer may be able to reach 32.16.
On the daily timeframe, the seller's vector 9-10 within the range is still relevant.
Good luck with your trading and investments!
BTC 18.11.24#BTC - I’m expecting a pullback to test the EMA 20. BTC has had an incredible push, with a nearly 40% pump in under a month, so a pullback would be healthy after such a move. For now, I’m staying patient and waiting to see how the price reacts to the EMA 20.
Lower volume and a bearish MACD cross are also forming. I don’t think this will matter much for the overall trend, but it does suggest a higher chance of retesting the EMA 20
MCL Short 11/18/2024MCL is in a downtrend in 4hr chart. Placed a short position in SZ that coincides with 4hr 21EMA (purple line). Taking half risk in this confluence SZ because zone is close by daily DZ (blue box), daily and 4hr trend don't match (no macro match) and the SZ is low volume. Target= 1:1 and 3:1. I'm already in the trade.
Darvas Box Strategy - Break out Stock - Swing TradeDisclaimer: I am Not SEBI Registered adviser, please take advise from your financial adviser before investing in any stocks. Idea here shared is for education purpose only.
Stock has given break out. Buy above high. Keep this stock in watch list.
Buy above the High and do not forget to keep stop loss, best suitable for swing trading.
Target and Stop loss Shown on Chart. Risk to Reward Ratio/ Target Ratio 1:2
Stop loss can be Trail when it make new box / Swing.
Be Discipline, because discipline is the key to Success in Stock Market.
Trade what you See Not what you Think.
ETHEREUM (ETH) LONG TERM OVERVIEW First and foremost, it is essential to maintain an open mind, which entails considering multiple perspectives on the matter at hand.
Now a breakdown on ETH
It is important to highlight that the highest volume profile is situated between 1,610 and 1,620. Additionally, there is a significant level identified at 1,616, which may also act as an inducement for revisiting another critical level between 1,350 and 1,356. This is the reason I emphasized the necessity of maintaining an open mind.
Once you have taken note of these factors, it becomes easier to identify potential entry points. In this regard, I have identified two possible entry points: the first at the level with the highest volume and the second just below this area, as it can also serve as inducement liquidity for the subsequent key level.
Please remember that this information should not be construed as financial advice but rather as an analysis of potential outcomes.
Gold:Short term analysis for 18/11/2024Disclaimer:
This is my personal opinion and is intended for educational purposes only. Please consult your financial advisor before making any decisions.
Time Frame: 4-hour
Market Analysis:
Following on previous analysis, the XAUUSD pair has bounced off the key support level at 2,550.00-2,543. However, the 4-hour chart indicates persistent bearish momentum, with price action confined within a descending trend channel. The price has almost reached value area high. This may act as resistance.
Key Observations:
No bullish divergence detected on the 4-hour chart.
Bearish divergence evident on the 30-minute chart.
Key Levels:
Resistance : 2,606.00
support : 2,536.00
support(Poc): 2568.00
lower target: 2485.00 - 2505.00
Trading Bias:
Bearish, lack of bullish divergence and no impulsive momentum, If the price slips below the point of control, the bullish narrative would be compromised, potentially triggering a reversal, anticipate a potential breakdown below the support level, targeting first weekly point of control at 2,502.00 then lower OBV at 2,485.00 - 2,505.00.
USD/CAD continue with the UptrendOn USD/CAD , it's nice to see a strong buying reaction at the price of 1.40460.
There's a significant accumulation of contracts in this area, indicating strong buyer interest. I believe that buyers who entered at this level will defend their long positions. If the price returns to this area, strong buyers will likely push the market up again.
FVG + Uptrend and high volume cluster are the main reasons for my decision to go long on this trade.
Happy trading
Dale
GBP/USD continues the downtrendOn GBP/USD , it's nice to see a strong sell-off from the price of 1.26740 and 1.27410. It's also encouraging to observe a strong volume area where a lot of contracts are accumulated.
I believe that sellers from this area will defend their short positions. When the price returns to this area, strong sellers will push the market down again.
Downtrend and high volume cluster are the main reasons for my decision to go short on this trade.
Happy trading,
Dale
EUR/USD continues the downtrendOn EUR/USD , it's nice to see a strong sell-off from the price of 1.05760 . It's also encouraging to observe a strong volume area where a lot of contracts are accumulated.
I believe that sellers from this area will defend their short positions. When the price returns to this area, strong sellers will push the market down again.
Downtrend and high volume cluster are the main reasons for my decision to go short on this trade.
Happy trading,
Dale
Time for manufacturing companies to get paidmanufacturing companies for semi conductors showed a while ago that the direction of semi chip stocks was headed south.
Now, I see a great long term set up for the companies that actually make the parts. After these pop off with IWM soon, then mega cap stocks will see a push up.
Target 1 is $50
Target 2 is $55
May see a pull back right after this and then the rally
DXY. When to Expect a Weak Dollar?Hello traders and investors!
At the end of September and the beginning of October, I analyzed AUDUSD and EURUSD, where the technical picture predicted a decline in these currencies against the dollar. You can find these posts in related ideas. There were discussions with colleagues about how many countries' economies need a weaker dollar. I wouldn’t mind profiting from a dollar decline either, but a month and a half ago, there were no signs of a DXY drop. Let's take a look at what the chart suggests and when this might happen.
Weekly Timeframe
A sideways range formed on the weekly chart in March 2023 (point 4 was established). The lower boundary is 99.099, and the upper boundary is 106.952. The buyer's vector 11-12 has reached its obligatory target — the price level of point 10 within the range (106.169). This means we can start watching for seller activity on the weekly timeframe. If the sellers show up, the seller's vector 12-13 becomes relevant, with potential targets of 99.807 and 99.099.
Note that the key bar (with the highest volume) of the buyer’s vector 11-12 is the bar from November 4.
Daily Timeframe
There’s a long trend on the daily chart. The last buyer's impulse ranges from 103.86 to 106.734. The key bar of the impulse (highest volume) is the bar from November 14.
Hourly Timeframe
On the hourly chart, a sideways range has formed. The lower boundary is 106.037, and the upper boundary is 106.734. The current buyer's vector 8-9 has potential targets of 106.681 and 106.734. From there, it's not far to 106.952 (the upper boundary of the weekly range).
Summary
The price has approached levels on the weekly TF where a reversal may begin. For now, there are no signs of a reversal on the weekly and daily TF. We need to see signs of seller activity on the weekly chart to look for short positions with the goal of realizing the seller's vector 12-13 in the weekly range.
You can look for long or short positions on the hourly chart by trading within the range from boundary to boundary (if the boundary holds).
Until the DXY reverses, looking for long positions in other currencies against the dollar is risky.
Good luck with your trading and investments!
EUR/USD💶 EUR/USD💵 My view on this pair is as follows 👀 . 🖊️ Idea: Hitting Low Liq_October 🖊️
On the Weekly chart we are: At low Liq_October
On the Daily chart we are: In long M2_Daily, Friday's candle is pulled back and it means that my idea is more confirmed.
On the 4H chart we are: See screen
On the 30M chart we are: >>> I WILL ADD ON MONDAY ACCORDING TO THE SITUATION. <<< 🚨
SNX FRVP analysisUsing the fixed range volume profile tool over the last two days, we can see we have a POC at ~1.628. The last rally from approximately the 5th-11th resulted in a POC at around 1.511 which we hovered around dipping slightly below before starting the next rally up. If we follow the same trend this weekend, we should treat 1.628 as the POC before heading higher. Breaking the 1.745 resistance line will signify a breakout to the upside. Considering that VPOC has been increasing each rally, this could point to a potential breakout within the next 16-24 hours.
Obviously, this is a short-term analysis, so we will see shortly if it is invalidated.
MCL Short 11/14/2024- Already in the tradeMCL is in a downtrend in 4hr chart. It is deeply inside daily DZ (blue box). Took a short position is confluence SZ (zone that coincides with 4hr 21 EMA- purple line). Took half risk because zone was already tested. Risk= $120. Target= 1:1 (Already got) and 3:1. Also, I'm trailing my stop aggressively because chances of trend reversal in HTF demand zone.
Correction Silver and rebound down. H4 15.11.2024Correction Silver and rebound down 📉
Silver is now forming a correction from the zone from the last analysis ,
but I believe the overall trend down is not complete. Since a major pattern
Repositioning to sell has been made, a correction is forming within the pattern
and then rebounding lower. Now the correction is possible to the sellers' zone
31.10-31.56, maybe a little higher is a false move. In terms of rebound down
I am oriented to the area of 28.50, but it will be corrected depending on the size
of the correction. Gold is also in fall and often silver is pulling the fall.
CAPITALCOM:SILVER
EUR/USDEUR/USD I have the following preview for this pair>>🖊️Preview Daily we are in Long M2_Daily on this TF we are Bearish. On 4HT we are Bearish where there was a rebound on Low Daily M2. On 30MTF we now have ZS where we are above today's and yesterday's high, we have short M2_30MTF ahead of us if there is a breakout we could go short M2-4HTF.
XAU/USD🪙 XAU/USD I have the following preview for this pair>>🖊️ Preview Daily we are in Long M2_Daily on this TF we are Bearish. On 4HTF we are now in Long M2 but the structure is also Bearish. 30MTF there we are below Vpoc today and yesterday, we got a reaction from VAL yesterday. Now it's shorts from Daily, 4H, 30M for me. Today I would expect that they could close the gap from 4HTF and select Liq Low from yesterday. This is my preview