You sure about that?I was pretty sure on this retrace as we see it hit the target areas like clockwork.
I’m pretty sure the buy is a good entry point with a continue slow and steady increase back to the sell point.
Once we hit $0.53 again we may see one more retrace back to the black support line. Followed by support and an exponential increase in price to $0.58 will have a little resistance but hodl through it for the push past $0.60 all the way to $0.68 and potentially push to $0.76 before some selloffs occur.
Good luck and have fun with it
Retracement
NAS100 retracement 08.06.2023NAS100 dropped yesterday after 17:00.
It is possible that we see a retracement today as per the arrow.
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BDSwiss is a trading name of BDS Markets and BDS Ltd.
BDS Markets is a company incorporated under the laws of the Republic of Mauritius and is authorized and regulated by the Financial Services Commission of Mauritius ( FSC ) under license number C116016172, address: 6th Floor, Tower 1, Nexteracom Building 72201 Ebene.
BDS Ltd is authorized and regulated by the Financial Services Authority Seychelles (FSA) under license number SD047, address: Tenancy 10, Marina House, Eden Island, Mahe. Payment transactions are managed by BDS Markets (Registration number: 143350).
XAUUSD Breaking Resistance? 08.06.2023XAUUSD has moved rapidly downwards yesterday after 17:00 (GMT+3) when the USD appreciated greatly.
It has not yet fully retraced to the expected 61.8 FE level after finding significant support.
As indicated on the chart, breaking the resistance is essential for a confirmation of a further retracement back to the 30-period MA.
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Information Regarding Important News and Figures can be found here in our Economic Calendar: mau.bdswiss.com/economic-calenda...
Risk Warning: Trading in CFDs is highly speculative and carries a high level of risk. It is possible to lose all of your invested capital. These products may not be suitable for everyone, and you should ensure that you fully understand the risks taking into consideration your investment objectives, level of experience, personal circumstances as well as personal resources. Speculate only with funds that you can afford to lose. Seek independent advice if necessary. Please refer to our Risk Disclosure.
BDSwiss is a trading name of BDS Markets and BDS Ltd.
BDS Markets is a company incorporated under the laws of the Republic of Mauritius and is authorized and regulated by the Financial Services Commission of Mauritius ( FSC ) under license number C116016172, address: 6th Floor, Tower 1, Nexteracom Building 72201 Ebene.
BDS Ltd is authorized and regulated by the Financial Services Authority Seychelles (FSA) under license number SD047, address: Tenancy 10, Marina House, Eden Island, Mahe. Payment transactions are managed by BDS Markets (Registration number: 143350).
Gold XAUUSD Long-term BullishThe monthly chart on XAUUSD shows a great BULLISH setup.
A horizontal support level around the $1955 has been broke and confirmed.
Also, a descending trendline support has been broke and confirmed.
Price is currently retracing down and re-testing near prior support which is expected to hold. This is an excellent trading opportunity with low risk and high reward.
Entry = 1955 to 1960
TP = 2060
SL = 1945
Note: This is a long-term chart and therefore very reliable.
SnP500From last few days SnP500 is been on enormous bullish run. Every time after providing pivot to inclining trendline it just flew away. After looking to past data will the instrument provide 3rd pivot to inclining trendline?
AUDUSD pivots suggest a short scalp`I believe that price is retracing bearish for its 4H higher low, in the meantime, intraday swings on a lower timeframe must correlate with becoming bearish. The 1H has already began creating lower lows and a lower high. I will monitor to see if price creates a higher high of gets rejected at a key neckline, resistance, trendline, and reversal area. There's a lot confluence in this area.
Currently price is relatively close to breaching the bearish correction, indecision is needed, along with volatility and indecision or a reversal at a key area.
GBPUSD Retracement 30.05.2023The pair is expected to retrace as per the arrow.
US Consumer Confidence Slipped in May, Inflation expectations remained elevated pushing the USD for appreciation intraday.
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Information Regarding Important News and Figures can be found here in our Economic Calendar: mau.bdswiss.com/economic-calenda...
Risk Warning: Trading in CFDs is highly speculative and carries a high level of risk. It is possible to lose all of your invested capital. These products may not be suitable for everyone, and you should ensure that you fully understand the risks taking into consideration your investment objectives, level of experience, personal circumstances as well as personal resources. Speculate only with funds that you can afford to lose. Seek independent advice if necessary. Please refer to our Risk Disclosure.
BDSwiss is a trading name of BDS Markets and BDS Ltd.
BDS Markets is a company incorporated under the laws of the Republic of Mauritius and is authorized and regulated by the Financial Services Commission of Mauritius ( FSC ) under license number C116016172, address: 6th Floor, Tower 1, Nexteracom Building 72201 Ebene.
BDS Ltd is authorized and regulated by the Financial Services Authority Seychelles (FSA) under license number SD047, address: Tenancy 10, Marina House, Eden Island, Mahe. Payment transactions are managed by BDS Markets (Registration number: 143350).
My EURCHF short setup - 100 pips profitHow I took this trade
I found this setup while strolling on the EURCHF chart. I saw it was consolidating between 0.97600 (resistance) and 0.97230 (support).
Based on this, I drew a consolidation zone and waited for a fakeout, which happened before the market closed on Friday. It had a little fakeout of around 1-2 candlesticks on the 1H chart.
From this little fakeout, it moved back to the zone, touched it, and then a bearish trend continued, as the fakeout suggested.
When I entered and exited my position
I entered my position when I saw that the bearish trend continued after it retraced to the zone. From there on, I held it till 0.97099, sold 50% of my position, and then sold the other 50% at 0.97074.
Question for the readers: how can I hold this trade longer (see where it went), and where do I take my profit?
Jasper
Gold Future - Elliott Wave (Update)Gold should reach around the 50% retracement (around 1842) for the minute wave ((2)) and continue for the rally ?
The minuette (iii) wave should be done today or this week to regards on the momentum stochastic daily and should reverse to targeting the wave minuette (iv)
Trade Strategy :
The Stochastic Weekly momentum bearish reversal are made but be aware of the Stochastic daily, the momentum bullish reversal it's near to the OS (Oversold), so it should be sideway to down for a couple of days before the momentum trends rally again for few days ( or 2-3 weeks ?) and go down to the 50 % retracement.
Let me know in comment, what do you think and if you like my opinion give me a blue thumb ! 👍🙌
NAS100 Early Reverse ? 18.05.2023The index has been moving upwards for days.
Yesterday it experienced a rapid shock upwards as the U.S. stock market seems to have experienced this in general.
The retracement could possibly happen even before the NYSE opening if the index breaks significant support levels indicated with red line.
Potential movement is as per the arrow.
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Information Regarding Important News and Figures can be found here in our Economic Calendar: mau.bdswiss.com/economic-calenda...
Risk Warning: Trading in CFDs is highly speculative and carries a high level of risk. It is possible to lose all of your invested capital. These products may not be suitable for everyone, and you should ensure that you fully understand the risks taking into consideration your investment objectives, level of experience, personal circumstances as well as personal resources. Speculate only with funds that you can afford to lose. Seek independent advice if necessary. Please refer to our Risk Disclosure.
BDSwiss is a trading name of BDS Markets and BDS Ltd.
BDS Markets is a company incorporated under the laws of the Republic of Mauritius and is authorized and regulated by the Financial Services Commission of Mauritius ( FSC ) under license number C116016172, address: 6th Floor, Tower 1, Nexteracom Building 72201 Ebene.
BDS Ltd is authorized and regulated by the Financial Services Authority Seychelles (FSA) under license number SD047, address: Tenancy 10, Marina House, Eden Island, Mahe. Payment transactions are managed by BDS Markets (Registration number: 143350).
EURCAD I Pullback and more downside Welcome back! Let me know your thoughts in the comments!
** EURCAD Analysis - Listen to video!
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Counter trend Opportunity 5min chart.Gold broke down to a Low on the 4H however it didn't confirm the break with a new bearish candle but rather an indecision candle followed by a bullish engulfing. This counter trend setup is based on a false break. the 1h TDI is still bearish. This setup is based on the 30min and 5min already up trending. This is attempting to buy the pullback.
USDJPY, Bullish market, 4HrHello everyone,
UJ began its official bullish momentum before the end of last week. Now that price has broken above EMA's and formed a double bottom respecting our demand zones, it will be in everyone's best interest to start looking for ways to enter into the bullish market.
In this idea, I'm projecting that price will begin to reject in 136.300 price area and make a swing down to the next support/demand area on our four hour time frame in the 135.290 price area. If the projections comes true, look to enter the market going long at your own comfort level.
If anyone has any questions, comments, or concerns, please do not hesitate to leave a comment. If this projection is similar to yours or agree with this analysis, please: Share, like, and/or leave a comment.
Reminder for Ethereum buyersSame for bitcoin but for Ethereum is a bit different. Ethereum had made of its own roadmap; so it’s going to be a bit of a roller coaster.
400-550 area is the bottom for Ethereum. The blocks from it going to be incredible before bitcoin halving in April of 2024.
History is slowly repeating itself of all cryptos ( some of it had gone there before).
The new uptrend needs to be created ASAP; old trendline couldn’t hold much longer but has to create new lows & new bottom to form an stronger uptrend.
The new high for Ethereum is $10,000 but I can see will hit $5,000 more before 2030.
Overall: The buys going be short and mid term just to meet resistance before the big crash and the bears are already back will be stronger than ever. Trade safe and watch any reversals do your thing.
Let’s make this bag
Reminder for bitcoin buyersReminder in case forgets; 15K isn’t the bottom.. the floor from it isn’t enough strength for the bulls.
The strongest floor for bitcoin to bottom in is inside $10,000 area; apparently about 10,800-10,200 area around there.
It be a lot lower only if it happens we will see because experts said 5000-8800 area; could happen maybe.
After the big drop the buy will be short and retrace to complete the correction; some will be short or mid term.. watch the reversals and the candles movements.
Where it’s at right now should be able to hit 35 or maybe 40K before the longterm sell off downturn comes around.
Anyways trade safe and let’s make that money
NAS100 Fibo Comeback 11.05.2023Considering that the index moved quite rapidly the last couple of days
finding significant resistance helps us identifying the retracement level
The fibo tool in trading view helps a lot since it fits perfectly. as indicated by the arrow, further break of the support at 1360 USD will indicate a potential drop.
Market opening is at 16:30 for NYSE. Significant volatility is expected then.
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Information Regarding Important News and Figures can be found here in our Economic Calendar: mau.bdswiss.com/economic-calenda...
Risk Warning: Trading in CFDs is highly speculative and carries a high level of risk. It is possible to lose all of your invested capital. These products may not be suitable for everyone, and you should ensure that you fully understand the risks taking into consideration your investment objectives, level of experience, personal circumstances as well as personal resources. Speculate only with funds that you can afford to lose. Seek independent advice if necessary. Please refer to our Risk Disclosure.
BDSwiss is a trading name of BDS Markets and BDS Ltd.
BDS Markets is a company incorporated under the laws of the Republic of Mauritius and is authorized and regulated by the Financial Services Commission of Mauritius ( FSC ) under license number C116016172, address: 6th Floor, Tower 1, Nexteracom Building 72201 Ebene.
BDS Ltd is authorized and regulated by the Financial Services Authority Seychelles (FSA) under license number SD047, address: Tenancy 10, Marina House, Eden Island, Mahe. Payment transactions are managed by BDS Markets (Registration number: 143350).
EURUSD Quick retracement? 10.05.2023US consumer price growth falls to below 5%, at 4.9%, lower than expected.
The market reacted with high USD depreciation. Expectations of Fed pausing rate hikes remain the same possibly.
It is quite quick to speculate because the market has not tested many times the resistance but for these kind of announcements sometimes
the market reacts quickly on retracements.
As per the arrow. The market might reverse to the indicated level 61.8%.
__________________________
Information Regarding Important News and Figures can be found here in our Economic Calendar: mau.bdswiss.com/economic-calenda...
Risk Warning: Trading in CFDs is highly speculative and carries a high level of risk. It is possible to lose all of your invested capital. These products may not be suitable for everyone, and you should ensure that you fully understand the risks taking into consideration your investment objectives, level of experience, personal circumstances as well as personal resources. Speculate only with funds that you can afford to lose. Seek independent advice if necessary. Please refer to our Risk Disclosure.
BDSwiss is a trading name of BDS Markets and BDS Ltd.
BDS Markets is a company incorporated under the laws of the Republic of Mauritius and is authorized and regulated by the Financial Services Commission of Mauritius ( FSC ) under license number C116016172, address: 6th Floor, Tower 1, Nexteracom Building 72201 Ebene.
BDS Ltd is authorized and regulated by the Financial Services Authority Seychelles (FSA) under license number SD047, address: Tenancy 10, Marina House, Eden Island, Mahe. Payment transactions are managed by BDS Markets (Registration number: 143350).
USDJPY, Short, 4hr UJ hit the daily high level of 137.777 early this morning before taking a big leap down to 135.400 area. Currently looking for price to touch and resist the next supply located in the 137.000 area. Once price rises and rejects this area of 137/000, it will be in your best interest to take a sell if you have a similar set up. Will this be a short term bear cycle or are the bears in control of the market this week?
If there are any questions, comments, or concerns please don't hesitate to leave a comment. If this set up is similar to yours or you believe this is a great setup please share, like, and leave a comment
Rangebound Wyckoff Accumulation?Prices go oversold on Wednesday and overbought on Thursday. Welcome to the new normal. Good luck with it!
Looks like we may be entering Wyckoff accumulation phase. Price has been rangebound this year. Notice that we are at same price as May 23 2022.
Near the end of a bear market, prices will usually suffer a final capitulation. This might not occur for weeks or months yet.
VIX spikes >40, share prices drop to a new low and panic ensues. Then back up the callmobile and rent-a-stonk.
This is a very likely scenario, trade with caution. We are at the 50% retracement here, this is the most common bear retrace.
VIX <18 and Bolly bands contract, could be setup for another leg down. It always drops when you least expect it, so expect it.
GLTA