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AUDCAD - Bullish CAD On The Horizon?Analysis: Looking at price action we can see that price is in a downwards trend. We're seeing lower lows and lower highs being formed which confirms that we're in a downwards trend, so we're only looking for shorting opportunities. Price has made a deep pullback to the current lower high and we did put in a new lower low so this is looking like a great place to enter. At this level we also can see that it has been tested multiple times and we can see big rejections from this area showing that there is a lot of pressure at this level so it's more likely to hold and continue to the downside rather then it breaking and heading to the upside, especially when we add the fact that we're also in a downwards trend. We don't have any other added confluences for this trade, however the technicals are still valid for our strategy. Fundamentally the AUD is 3rd weakest major currency whereas the CAD is the 2nd weakest currency so this doesn't go in our favour but this isn't the full picture. Recently we saw a huge decrease in long positions on the CAD and the AUD, but we saw a small decrease in short positions on the AUD whereas we saw a huge decrease in short positions on the CAD. Basically meaning that more short positions were closed on the CAD then the AUD signifying that there might be an end coming to the bearishness for the CAD. With our speculation on oil prices rising which is heavily correlated to the CAD we can see some strong bullish momentum on the horizon for the CAD which is why fundamentally we prefer the CAD over the AUD. With all of the technicals and fundamentals combined together we get a bearish outlook on this pair. Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read. We appreciate it all. Stay Safe - JPI Disclaimer: This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does to. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.
Short
by jpeacockfx
10
AMZN - Falling Trend [MIDTERM]- AMZN shows weak development in a falling trend channel in the medium long term. - This signals increasing pessimism among investors and indicates further decline for AMZN. - However, the price has broken a resistance level in the short term and given a positive signal for the short-term trading range. - AMZN is approaching's resistance at 100 , which may give a negative reaction. - However, a break upwards through 103 will be a positive signal. - Overall assessed as technically negative for the medium long term. *EP: Enter Price, SL: Support, TP: Take Profit, CL: Cut Loss, TF: Time Frame, RST: Resistance, LT TP: Long Term Target Price Verify it first and believe later. WavePoint ❤️
NASDAQ:AMZN
by wavepoint99
AUDUSD - Bearish Sentiments - Struggle to go UPHere is a new SELL Scenario, i expect a bearish reversal, it can fall immediately from the current position or fall around the pivot 0.7146 - 0.71700 But it is quite certain if nothing change around the fear in europe, dollar will be the safe heaven ! This pair will fall in the severals month JamdeJam will not accept any liability for loss or damage as a result of reliance on the information contained within this channel including data, quotes, charts and buy/sell signals
Short
by jamdejam
USDJPY Bull Scenario - STRONG NFP Data expected tomorow Hello Traders Here is a new BUY Scenario, USD/JPY Consolidating, Yen bulls but may quickly turnaround tomorrow in the event of strong NFP data. - Yen shows signs of long-term vulnerability. - Focus on upcoming Non-Farm Payroll (NFP) data. - Possible bullish continuation pattern - 114.00 level key. Forecast : Strong NFP may push USD up, No big drop until 115.600 💹USD/JPY BUY STOP ✅ Entry @113.600 or above ✅TP-1# 113.800 ✅TP-2# 114.000 ✅TP-3# 114.200 ✅SL# 112.900 JamdeJam will not accept any liability for loss or damage as a result of reliance on the information contained within this channel including data, quotes, charts and buy/sell signals
Long
by jamdejam
2
GBPAUD SELL . PICTURE PERFECT .!!!this is almost a picture perfect of our primary knowledge of descending structure , LOWER HIGHS AND LOWER LOWS , a beautiful PATTERN - DESCENDING CHANNEL -structure HERE ARE MY MAIN BIASES FOR THE MARKET - SELLING PRESSURE - Here is my catch from this position we are looking for a chance for the market to head here at the previous lower high (resistance zone ) the n we dig deeper to entry times for a confirmation for a shorting chance from this position we are waiting for the markets to break through the support and give us a clear , test and retest , this will give us a chance to dig deeper in the lower time frame and therefore look for a chance to short the market here is my probability on the bull otherwise the break of this resistance zone , we will clearly wait for a retest and look for chances to buy to the next resistance zone . entry should be in the lower time frame . after a confirmation remember . let the market do its this and thenn react
Short
by DIGITALASSETSINC
BITCOIN: Why Is It Weak? Hello,Traders! BITCOIN is visibly weak, and is de-facto ranging 29k and 43k levels But WHY? I see several reasons that might be equally important: 1) The Bitcoin market is now dominated by the Big Money Hedge Funds, Banks, Private Management Firms, etc.. And all these players slow down or completely exit the game in summer Thats the reality of life, and without their orders, the Level 2 is empty And BTC-USD is being dragged by the smaller players from one level to the other Where the passive big order blocks are placed 2) The end of lockdowns, almost everywhere combined with the summer break. Most people have spent too much time indoors, which initially caused a boom in the interest in trading and crypto And as with any boom, here comes the bust. People want to be outdoors, and the charts are the LAST thing they want to see And without their trading activity the BTC has lost some demand as well. 3) The gradual end of the Helicopter Money . It is not a secret, that many people took the US Covid Stimulus Checks And put those into gambling on stocks or into Crypto. Easy money is easily spent... Well now, as the lockdowns are lifted, most of the Red states have cancelled or lowered the amount of the free money flow Making people go back to work, leaving less time for gambling and not many are willing to keep buying BTC with the hard earned cash 4) Max Leverage Achieved . What I mean by this term is the broader leverage, including the credit cards that are maxed out across the globe, all loans that could have been taken were taken, etc... There is anecdotal evidence, of the loan companies cold-calling clients offering loans to buy Bitcoin. So part of the broader global leverage went into BTC as well, and as the leverage increased, the price increased too, but as the leverage increase hit its peak, the price tumbled. 5) The New Base and Accumulation. At the low of the range BTC trades with the 56% discount to the all-time-high,which is a good deal for many And the range might be just another accumulation phase before another bullish rally, in which case the range might last for a couple of years. These are the 5 key reasons that feed into the current weakness of the Bitcoin. And while the range might be disappointing for some, the rest of us, can and should make money playing the price off the range borders. Thanks for reading, guys, and please let me know what YOU think about the current state of BTC and my explanation as well!
BITSTAMP:BTCUSDShort
by TopTradingSignals
10
ACC - Weak Price ActionThe price structure looks weak and there is a probability that the stock can fall further towards 1730- 1710 levels. To continue weakness, should sustain below 1900 levels. Immediate resistance is around 1860 The trend change level is 1900. In conclusion, as long as it trading below 1900, any rally if comes in the stock, might be used to create fresh shorts in the stock. Disclaimer: These posts are for educational purposes, if you are trading this, Trade at your own risk.
NSE:ACCShort
by manuagarwal21