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Pullback

CHFJPY MINOR REVERSAL SETUPPair: CHFJPY Timeframe: 1D , 4H Analysis: Round number level, trend line, volume profile, support and resistance ————— Key Takeaway: Seen price hit resistance for the 3rd time and seeing major bearish reaction. We are aiming to take this trade to support and broken trend which will now act as support ————— Level needed: need a close by 143.010 ————— Trade: Short RISK:REWARD 1:4 SL: 25 TP: 102 ————— DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
Short
by TheGoldRoom
Order block entry On GBP/USD On The 4-Hour ChartWe have an Order block on GBP/USD in the 4-Hour Chart. If we look at the daily chart, we can see the bears have been in full control for most of 2022. Today we have broken through a daily support setback in the middle of July. Fundamental news pushed the price further down at the end of last week. So, establishing our higher time frame bias as bearish, we now must look for opportunities to go short. I would not suggest looking for long setups as the entire market is currently very bearish. I have highlighted the order block zone in yellow. I have put a zone around the most recent bullish candle before we saw that impulsive break downwards. Notice the volume that accompanied that bearish break. That volume bar far exceeded any previous volume in its close vicinity. I would wait for the price to retrace back into the yellow order block zone around the 1.182 price level. Once the price retraces back into this zone, my short position will open as my targets will be the previous price structure and support around the 1.167 price level. I always aim for a minimum risk to reward of 1 to 2. However, if this entry gets triggered and the bears still push the price lower, we could potentially look at greater returns, riding the price lower still targeting weekly support zones around the 1.14 price level. However, that is a conversation for another time. We are still waiting for the price to retrace back into our zone. Order blocks can be very profitable when traded correctly. However, one must consider that since they are very popular, the banks and market makers know that we retail traders like to trade them and can use that knowledge to their advantage. So be very careful when trading them. Make sure you have a list of rules and criteria that you have written out for yourselves when it comes to entries, stop losses, and targets. Backtesting is extremely important. Mondays can be quite slow. However, let's see what happens throughout the London and New York session.
Short
by TheVortexTrader
1
$STLD is pushing higher on the right side of its ~5 month base!Notes: * Very strong up trend on all time frames * Great earnings track record * Basing for the past ~5 months * Was rejected around the ~85.3 area and pulled back to its 20 day EMA * Now it's broken above that resistance level with high volume * Printed a pocket pivot indicating institutional demand * Seems to have also formed an inverse head and shoulders pattern * Showing lots of strength and accumulation Technicals: Sector: Basic Materials - Steel Relative Strength vs. Sector: 3.15 Relative Strength vs. SP500: 1.44 U/D Ratio: 1.75 Base Depth: 55.04% Distance from breakout buy point: -13.12% Volume 148.59% above its 15 day avg. Trade Idea: * You can enter now as the price is just breaking above resistance with volume * If you're looking for a better entry you may find one on the retest of ~85.3 * This stock usually has local tops when the price closes around 21.32% above its 50 EMA * Consider selling into strength if the price closes 21.12% to 21.52% (or higher) above its 50 EMA * The last closing price is 12.53% away from its 50 EMA
NASDAQ:STLDLong
by HaseebKhan_90
2
Is $PSTG ready push higher on the right side of its base?Notes: * Steady up trend on all time frames * Great earnings track record * Basing for the past ~8 months * Pulled back to its 20 day line and is now moving higher with volume Technicals: Sector: Technology - Computer Hardware Relative Strength vs. Sector: 3.54 Relative Strength vs. SP500: 6.42 U/D Ratio: 1.24 Base Depth: 64.4% Distance from breakout buy point: -15.42% Volume 41.61% above its 15 day avg. Trade Idea: * You can enter now as the price is recovering from its pull back on high volume * If you're looking for a better entry you may be able to find one around the ~$30.7 area * This stock usually has local tops when the price closes around 19.92% above its 50 EMA * Consider selling into strength if the price closes 19.72% to 20.12% (or higher) above its 50 EMA * The last closing price is 9.1% away from its 50 EMA
NYSE:PSTGLong
by HaseebKhan_90
⭕Best BUY & SELL areas AUDUSD in One hour time frame🔥💣🔰You can see analysis of Australian dollars in US dollars in one hour time🔍 ✴️As is evident from the image, the price is moving in a parallel descending channel (purple💜). The areas of supply and demand are marked in the picture. Due to the presence of the price in the demand area, if the price can break the downtrend line (black🖤 line) upwards, you can buy in Pullback and the price can climb to the demand area ❗❗ If the price falls to the bottom of the current demand area, it can fall to the nearest demand area🧐 In your opinion, the price will move according to which scenario, GREEN💚 or RED❤️ ❓❓ I hope the analysis was useful for you🤍🌹 📌Please introduce the channel to your friends 🙏🏻 ____________📈TRADER STREET📉_______________
by TRADER_STREET
⭕Best BUY & SELL areas NZDJPY 💣🔰You can see the analysis of the New Zealand dollar in Japanese yen in 30-minute time frames (NZDJPY _ 30min)🔍🔥 ✴️As is evident in the picture, the price is in the demand area if it can break the downtrend line (black🖤) upwards in Pullback price to demand area can be purchased for the purpose of supply area❗❗ If the price can break the demand area, it can fall to the next demand area❗🧐 In your opinion, the price will move according to which scenario, GREEN💚 or RED❤️ ❓❓ I hope the analysis was useful for you🤍🌹 📌Please introduce the channel to your friends 🙏🏻 ____________📈TRADER STREET📉_______________
by TRADER_STREET
EURUSD sell zone Yesterday, we said that the pullback has already started Today, we will see when is it going to end and the potential sell zone. What we want to see today is another push higher to 1,0027-1,0101. Once we see price around those levels, we want to watch out for possible exhaustion in price and that will give us a signal for potential short positions. Targets will be below 0,9900. Once we see that reversal to the downside, we then will be able to determine specific tp levels.
by ForexTrendline
4
A new low on EURUSD Yesterday we saw a breakout of 0,9950! Those are historical levels for this currency pair but that doesn't mean we shouldn't be looking for further continuation down. We are now expecting to see price even lower. The next target is 0,9900 and basically the round numbers after that. Entries could be made with aggressive stops and after any small pullback. You don't even have to use a fixed TP but instead, you can have an open target and just move stops into profit every time price creates a lower structure.
Short
by ForexTrendline
5