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Bulls & bears struggling to take controlAfter a wide bearish trend that toke control since Sep 25th to push down the euro prices to reach 1.03314 as the lowest price for 2024 so far, the bulls are trying to get back control to push the price up, as the chart shows during this struggling the formation of a reflecting pattern "Head & shoulders" for the bearish trend which will be confirmed by stabling above the patterns "Neckline". If the bulls succeeded to keep the price above the neckline then we may see an increase for the price that may target 1.07000 area. Otherwise if the bears still in control and the price broke the years low then its more likely to target lower supports that may hit 1.02325
by maadoo
CADJPY Technical Analysis! BUY! My dear friends, Please, find my technical outlook for CADJPY below: The instrument tests an important psychological level 108.99 Bias - Bullish Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 109.78 Recommended Stop Loss - 108.60 About Used Indicators: Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
EURAUD Will Explode! BUY! My dear subscribers, This is my opinion on the EURAUD next move: The instrument tests an important psychological level 1.6020 Bias - Bullish Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 1.6137 My Stop Loss - 1.5957 About Used Indicators: On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
2
EURUSD Under Pressure! SELL! My dear subscribers, EURUSD looks like it will make a good move, and here are the details: The market is trading on 1.0513 pivot level. Bias - Bearish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 1.0480 About Used Indicators: The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
6
Bitcoin is cementing its place in the annals of history! TA+TPThe current price of Bitcoin is at 93,278.71 USD. The chart indicates that it is in a phase of consolidation after reaching a high of 93,751.08 USD. Bitcoin is showing some resistance around the 95,000 USD mark, as reflected by the upper blue horizontal lines at 96,000 USD and 99,889.79 USD. Immediate support levels are visible at 88,000 USD and 86,721.16 USD, which are key for any potential pullback scenarios. VMC Cipher B Divergences: The indicator below the price chart shows divergences, with several red and green signals. The recent trend indicates potential bullish momentum but with some caution as the negative divergences (highlighted by the red bars) suggest a weakening of bullish momentum in the short term. The price is consolidating at the 93,278.71 USD level, and the indicator below indicates caution as some weakness is apparent in the buying pressure. RSI (Relative Strength Index): The RSI is at 38.90, indicating that Bitcoin is currently in an oversold condition, signaling a potential buying opportunity if the price remains above 30. However, this is still below the typical neutral level of 50, suggesting the price may continue to struggle to break resistance levels. A move above 50 would indicate more upward momentum, but the current RSI reading suggests caution in the short term. Money Flow Index (MFI): The MFI is at 40, which indicates neutral flow. It suggests that there isn’t significant accumulation or distribution happening, implying market indecision. We would look for this indicator to trend upwards for confirmation of bullish sentiment or downward for further bearish movement. Stochastic Oscillator: The Stochastic Oscillator shows a reading of 23.07, which is considered an oversold level. This could indicate that Bitcoin is due for a potential reversal upward if the oscillator starts to turn higher. However, the overall trend still suggests caution as the price has not yet decisively moved out of consolidation. Key Resistance Levels: 95,000 USD: Strong resistance near recent highs. 96,000 USD and 99,889.79 USD: Major resistance levels to watch for potential breakouts. Key Support Levels: 88,000 USD and 86,721.16 USD: Immediate support levels. 73,654.77 USD: A deeper support level in case of significant pullback. Trading Plan: Bullish Scenario: Entry: A breakout above the 95,000 USD resistance with an RSI showing upward momentum (above 50) could provide a bullish entry point. Target: Initial target at 96,000 USD, with secondary targets at 99,889.79 USD. Stop-Loss: Place a stop-loss below 88,000 USD to mitigate risk. Bearish Scenario: Entry: If the price breaks below the 88,000 USD support level with confirmation from the RSI dropping below 30 and negative momentum on the MFI, consider shorting Bitcoin. Target: Set targets at 73,654.77 USD and 71,532.73 USD. Stop-Loss: Place a stop-loss above 95,000 USD to protect against a reversal. Neutral/Consolidation Play: Range Trading: If Bitcoin continues to consolidate between 86,000 USD and 95,000 USD, consider trading the range, buying near the lower support and selling near the resistance, with proper risk management. Conclusion: Bitcoin is currently in a consolidation phase with some weakness in momentum indicators. The next moves will depend on how the price reacts at key resistance levels around 95,000 USD and support around 88,000 USD. A breakout could offer bullish opportunities, while a breakdown could lead to further downside potential. Carefully monitor RSI, MFI, and the Stochastic Oscillator for early signs of reversal or continuation. Use proper risk management strategies to navigate volatility.
CRYPTO:BTCUSDLong
by elfabiiani
Trading Recovery: Why Stopping After a Loss is Key to SuccessIntroduction In the world of trading, the psychological landscape can be as treacherous as the financial one. The notion of knowing when to stop trading after a string of losses is crucial, yet often overlooked by many aspiring traders. As I evolved into a more serious trader, I realized the significance of halting my activity when faced with a bad start to the day. My trading strategy—clear and well-defined, including sound money management principles—became my lifeline. Dr. David Paul once stated, “You will become a professional trader when you open positions only following your strategy; try to do it 30 times, and you will grow emotionally and psychologically.” Since adopting this mindset, I’ve stopped allowing emotion to dictate my trades and began setting boundaries. If I experience three consecutive losing trades, I recognize that it simply isn’t my day. Tomorrow, I remind myself, offers a fresh start. In this article, I aim to delve deeply into why knowing when to step back can be the key to long-term success in trading. --- The Cycle of Chasing Losses How often have you found yourself scrambling to recover losses after a string of bad trades? Many traders fall into the familiar trap of frantically trying to win back what they’ve lost. This common phenomenon shifts the focus from sensibility to a desperate urge for break-even. Research shows that nearly 80% of traders give into this emotional response after experiencing a loss, leading to a destructive cycle of poor decision-making and dwindling finances. Chasing losses has become synonymous with impulsive trading, often resulting in even larger setbacks. When traders act without a structured plan in the attempt to recover losses, they typically encounter even greater risks. What starts as an emotional response can escalate into a series of ill-fated choices, going against established strategies and money management rules. --- The Underlying Psychological Factors To fully grasp why chasing losses is counterproductive, we must explore the psychological underpinnings of this behavior. At its essence, chasing losses is an emotional reaction steeped in fear and desperation. Loss aversion—a concept from behavioral finance—illustrates how humans feel the sting of losing money more severely than the joy of gaining. This emotional pain can lead to irrational behaviors that only exacerbate the problem. Several psychological triggers contribute to this compulsive reaction: 1. Overconfidence: Early success can lead a trader to overestimate their market capabilities. Faced with losses, they often take undue risks to recoup their perceived misfortune. 2. Fear of Missing Out (FOMO): The rapid nature of financial markets can create a heightened urgency to capitalize on opportunities, leading traders to make abrupt decisions rather than careful assessments. 3. Emotional Turmoil: The distress accompanying losses can compel traders to act impulsively, disregarding their strategic foundations for the sake of emotional repair. 4. Revenge Trading: This impulsive approach emerges from frustration, where traders attempt to “get back at” the market, often leading them to compound their losses further. These emotional responses illustrate the dangers associated with letting feelings guide trading decisions. Developing an awareness of these triggers is vital for maintaining discipline. --- The Consequences of Chasing Losses Chasing losses can induce a plethora of negative consequences, both financial and psychological. The financial ramifications are often severe. Impulsive recovery attempts heighten risk exposure, leading to compound losses that can spiral out of control. Instead of cutting losses at 10%, a desperate trader might double their stakes, potentially leading to a catastrophic account downturn. Emotionally, the toll can be equally ruinous. Continuous attempts to recover from losses can breed frustration and stress, leading traders to experience anxiety and helplessness. This emotional burden can culminate in burnout or, worst of all, a complete withdrawal from trading altogether. --- Why You Shouldn’t Chase Losses While the instinct to recover losses feels natural, it is arguably one of trading's most hazardous pitfalls. The psychological pressures involved can lead traders to deviate from their strategies and make impulsive decisions born out of fear, ultimately resulting in further financial and mental strain. Chasing losses is particularly perilous in volatile markets. Reacting to emotions rather than analytical assessments can exacerbate unpredictability, leading to ill-advised trades that ultimately multiply losses. Furthermore, as traders deviate from their planned methods, they surrender control over their trading process, risking instability in both financial standing and mental health. --- Strategies to Recover Without Chasing Losses Rather than succumbing to the impulse to chase losses, traders should adopt disciplined recovery methods. Here are a few strategies that can facilitate a more effective and controlled recovery: 1. Maintain Trading Discipline: Stick firmly to your pre-defined trading plan. Resisting the urge to make impulsive trades can significantly minimize the psychological toll of losses. 2. Implement Robust Risk Management: Use tools like Stop Loss orders to safeguard your capital. Keep individual trade risks to manageable percentages, thus preventing significant downtrends. 3. Take a Break: If emotions run high after losses, stepping away from trading can help restore perspective and clarity. It’s crucial to approach the market with a calm mindset to avoid making knee-jerk reactions. 4. Adopt a Long-Term Recovery Mindset: Focus on patience and resilience rather than immediate recovery. Viewing setbacks as opportunities for growth can cultivate a healthier trading mindset. 5. Accept Losses as Learning Experiences: Instead of framing losses as failures, view them as valuable lessons. Analyzing what went wrong helps refine strategies and better prepares you for future trades. --- Conclusion Understanding when to cease trading following a series of losses is pivotal for sustaining a successful trading career. Chasing losses may appear to be a natural response, but it leads to a cycle of impulsive decisions and escalating setbacks. The journey to becoming a disciplined trader relies on the capability to recognize when to step back, adhere to a solid strategy, and appreciate the invaluable lessons losses impart. In trading, every day is a new opportunity; by mastering the art of knowing when to stop, traders equip themselves for long-term success and emotional resilience in the markets. Read also: ✅ Please share your thoughts about this article in the comments section below and HIT LIKE if you appreciate my post. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
CAPITALCOM:GOLDEducation
by FOREXN1
1
GBP/USD: Analysis , Can the Pound Find Support at 1.2400?The Pound Sterling is experiencing a sustained bearish trend, remaining under significant pressure following President-elect Donald Trump's recent announcement of a proposed 25% tariff on imports from Mexico and Canada, alongside a 10% increase on all imports from China to the United States. These developments are likely to strengthen the U.S. Dollar further, potentially driving the Pound and other currencies into another bearish phase against the Dollar. As the market digests these tariff implications, investors are wary of the potential economic repercussions, especially as they pertain to trade relationships. The insistence on higher tariffs could lead to retaliatory measures from affected countries, creating uncertainty that weighs heavily on the Pound. Looking ahead, analysts are closely watching the 1.2400 mark, which is recognized as a potential demand zone for the Pound. If the currency falls to this level, it may attract buying interest from traders looking to capitalize on a rebound. However, the overall sentiment appears to favor further bearish movement unless there are significant changes in the economic landscape or policy shifts. In this volatile environment, market participants are advised to remain vigilant, as the unfolding situation may present both risks and opportunities. ✅ Please share your thoughts about GBP/USD in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
Short
by FOREXN1
1
EUR/USD Still Under Pressure: Understanding Market DynamicsEUR/USD has recouped some of its daily losses, hovering around 1.0510 during the London trading session. Initially, the currency pair experienced a decline in response to deteriorating market sentiment triggered by President-elect Donald Trump's announcement of a proposed 25% tariff on imports from Mexico and Canada, as well as a 10% increase on all Chinese imports entering the United States. While the pair has made some recovery during the London session, a bearish outlook persists. The currency pair has suffered a substantial decline from the 1.0900 mark and faced resistance at the 1.0400 level, which serves as a key demand zone. There is potential for further downward movement, with the next significant demand area identified at 1.0100. Federal Reserve Bank of Chicago President Austan Goolsbee has indicated that the Federal Reserve is likely to pursue a strategy of lowering interest rates towards a neutral stance, one that neither stimulates nor restricts economic growth. Meanwhile, market expectations have fully incorporated a 25 basis point cut by the European Central Bank (ECB) in December. Moreover, the probability of a more significant 50 basis point reduction has surged to 58%, reflecting growing market concerns about the economic outlook in the region. From our perspective, further declines in the currency pair could be anticipated. ✅ Please share your thoughts about EUR/USD in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
Short
by FOREXN1
1
SPX500USD Is Bearish! Short! Here is our detailed technical review for SPX500USD. Time Frame: 12h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 5,994.0. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 5,864.5 level. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Like and subscribe and comment my ideas if you enjoy them!
OANDA:SPX500USDShort
by SignalProvider
2
GOLD Is Very Bullish! Buy! Take a look at our analysis for GOLD. Time Frame: 9h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is trading around a solid horizontal structure 2,625.735. The above observations make me that the market will inevitably achieve 2,672.574 level. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!
OANDA:XAUUSDLong
by SignalProvider
2
GBPAUD Will Fall! Short! Here is our detailed technical review for GBPAUD. Time Frame: 1h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 1.934. Considering the today's price action, probabilities will be high to see a movement to 1.928. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
2