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Ideasdetrading

GBP/CAD Update !!!Good day Traders !! On this multi-timeframe analysis we will make a full breakdown of this pair. Monthly : Double top , And we have a strong Monthly resistance Weekly : "W" formation and we expect the market to retrace to the neckline Daily : We are currently forming a "W" formation on this pair and we should expect a retracement to the neckline as well COT : Institution have been shorting adding long and short position on GBP , however the number of long is more important than shorts but we saw quiet strong impulses for this pair with other currencies. From an CAD perspective we are still looking at a strong CAD even though hedge funds Closed long positions , but if we look at the short positions closed they are more important an the net position went from 13770 net to 16100 net positions 4H: We have a strong area of resistance + supply either on the 4H and Daily timeframe. MACD : we are in a bullish environment so we have to wait for the market to shift to a bearish market EMAs: Cut for long for the moment , things could change in the next few hours. EMA 200 : We are still above this EMA and could be considered as a dynamic support itself in case we decide to go lower to grab more liquidity. Now if you enjoyed this analysis smash that like button and share. If you have a different opinion please leave a comment below as I would love to get more insights and ideas. I also linked my previous idea about this asset. Trade safe !!!
Short
by TheDayzen
1
Will $30k be the Blow off top were all anticipating for ? Bitcoin has literally been rallying since its March lows where it was trading at under $4000 per coin. Price has made a bullish recovery rallying up over 600% to date with no real correction. Will we see a decent pullback in the near future, or will price keep pushing higher into new territories ? Even if we hit 13k we will still be in a bullish market, a 55% correction would be a healthy pullback in my opinion. What's your thoughts traders ?
BITSTAMP:BTCUSD
by steevyp2820
9
XAUUSD - Weekly trend - Short first and then Long📍 10+ years experience in markets 📍Professional Stock market and Forex trader 📍 Supply/Demand Zones 📍 Frequent updates 📍Covering FX / Gold Spot / NSE-BSE / DFM / ADX / US Stocks 📍Real time updates ⏳ 1 Day Chart analysis Looking to sell till the long time support level of 1795 and then buy from 1795 to 1857 I believe that the Price action might continue to range between key support and resistance level and I expect this to break if the solid vaccine news arrives Support - 1818 Resistance 1830 Big time support is located at at 1795 . Buying dip offers good risk/rewards XAUUSD -TREND ANALYSIS - SHORT first and then Long Target - 300 to 400 pips (in Short) Tagged Short and long both together KEY NOTE - SPECULATIVE SETUP - not a financial advise - do your own analysis Please use STOP LOSS and don’t risk more then 1% or maximum 2% of your total account Tagged Short as I expect only short 📒 Retracement to support area ± 1820 fresh demand zone ± 1830 fresh supply zone 📒 Analysis / Trade Setup / Long and then short ± XAUUSD 1 day chart ± Short-term Bearish # Long term-Bullish ± Fresh Demand Zone level - 1820 ± 1818 - temporary support - might break ± Falling wedge identified ± Bullish trend reversal ± A touch down to support needs to be completed ± Go long for more pips ± HAPPY TRADING Short Target - 1810 - 1805 - 1798 - 1795 - 1793 Long Target - 1857 - Resistance level
OANDA:XAUUSDShort
by FOLLOW_PIPS