Get started

Trendtrading

Beware of Shorting OpportunitiesAs we continue to analyze the market, it's become clear that avoiding bad trades is just as important as finding the next big one. This is particularly true when looking at the bottom 2 charts of NZDJPY's daily and weekly charts. On the daily chart, we can see that the Bearish Deep Gartley Pattern is over-extended, meaning it took longer than expected to complete the trading setup. As a result, the market may not respect the level and could bash through the resistance level. On the weekly chart, we also see that the Bearish Shark Pattern retest, doesn't give us an RSI divergence. Once again, the market may extend further before any significant retest. Despite all of this, if you're still interested in shorting the market, do it with caution. On the 4-hourly chart, waiting for the market to retest at the 90.03 level could attract price-action traders to jump in for the counter-trend move. Personally, I prefer to head in for a buying opportunity at the key support level of 89.05. My initial stop-loss would be at 88.67 (-38 pips) or approximately -380USD/lot. The first target is seen at 90.08 (+103pips) or approximately 1,030USD/lot. Remember, it's important to plan your own trade and never follow any trader blindly. Let's continue to monitor the market closely and make informed decisions.
Long
by RaynLim
Awaiting Shorting OpportunityThis week, I have been closely monitoring the movement on GBPUSD. While there are similarities to EURUSD, I am still waiting for an aggressive shorting opportunity. As of now, there is no iconic trading setup available, so I am patiently waiting for a retest at the key resistance level of 1.2368 before making any moves. For more conservative traders, it may be wise to wait for a double top with an RSI divergence as an additional confirmation before engaging in the trade. The initial stop is at 1.2462 (-94 pips) or 940 USD/lot, while the first target is seen at 1.2124 or 2,440 USD/lot. I cannot stress enough the importance of planning your trade and not blindly following anyone else. Keep this in mind when considering your options.
Short
by RaynLim
Potential Bullish ContinuationAs we analyze the charts, we can see that the highest timeframe is affecting our overall analysis. If we look at the weekly chart, we can see that there is a bullish run. This means that we should look for a buying opportunity on the 1-hourly chart. Our preferred entry price is at 1.0550, with an initial stop-loss at 1.0521 (-29pips) or -290usd/lot. Our target 1 is at 1.0614 (+64pips) or 640usd/lot. However, if we see that the daily chart is our highest timeframe, we should look for a shorting opportunity as a trend trading opportunity. The possible selling price is at 1.0631, with the initial stop-loss at 1.0663 (-32pips) or -320usd/lot. Our Target 1 is at 1.0502 (+129pips) or 1,290usd/lot. It's important that we do our own independent analysis and plan our own trade. By doing this, we can take advantage of the opportunities presented to us and make the best decisions for our trade.
Long
by RaynLim
Nifty 50: October week 1 Weekly Market SetupWeekly Review Nifty 50 declined by 0.18% last week to close at 19,638. The major meltdown was seen on last Thursday (weekly expiry) where the index lost close to 200 points where it touched its key support around 19,495 as per our expectations too. While broadly market is now showing mixed sentiments and is largely looking to be a stock specific trading only. Week Ahead:, On Daily charts, technical indicators shows bulls giving a good fght to pick up pace for what all the gains were lost in previous few weeks. Momentum is starting to build u but higher levels at 19,740-795 remains key hurdle to continue the larger rally. On the lower side 19495, 19438 and 19376 are important support to hold on. From levels perspective, I believe it has been quite a downfall and we should see some uptick or a sideway markets now but to say further the outlook would completely depend on how Q2 numbers starts rolling out and what holds post RBI’s MPC meeting results. *Disclaimer*: I am not SEBI registered analyst and hence the above market outlook is for only educational study and research purposes only. In no way do I endorse this opinion to take a trade or for any investments in markets in any form by any Participant. Be a responsible investor with proper risk management and keep learning as a true focus.
NSE:NIFTYLong
by chandakpulkit
#USDCAD another selling opportunityIf you remember we already took one successful short trade from the previous red arrow and although we were expecting price to move further down and create new low for higher timeframe this didn't happen. As a result price went up and giving us another selling opportunity. As you can see in the picture price is at important static resistance area and just below 4H and 1H EMA which both acting as resistance. But the thing that we should be consider before taking position from the area that price currently is sitting on is the possibility that if price wants to come and take liquidity from the local top that formed earlier and since there is a lot of stop losses could be a good target for price to reach and take out liquidity. So if you want to take position from this area keep in mind the possibility of price moving higher to take out loquidity.
Short
by mohemati
GBP/USD - A BEARISH OUTLOOK GBP/USD Fundamental and Technical Analysis for 28 September 2023 Subtitle: GBP/USD remains under pressure as the US dollar continues to strengthen against a basket of major currencies. Technical indicators on the 30-minute, 4-hour, and daily charts suggest that further downside is likely in the near term. Fundamental Analysis: The British pound has been under pressure in recent weeks due to a number of factors, including: Rising inflation: Inflation in the UK hit a 40-year high of 10.1% in July 2023, putting further pressure on household budgets and businesses. Weak economic growth: The UK economy is expected to grow by just 0.5% in 2023, according to the IMF, which is the slowest pace of growth among the G7 economies. Political uncertainty: The UK is currently facing a number of political challenges, including the ongoing war in Ukraine, the cost of living crisis, and the ongoing negotiations over the Northern Ireland Protocol. Technical Analysis: On the 30-minute chart, GBP/USD is trading below both its 50- and 100-period moving averages, which is a bearish sign. The RSI indicator is also below 50, suggesting that the pair is oversold. However, the MACD indicator is crossing below its signal line, which is a bearish signal. On the 4-hour chart, GBP/USD is trading below a descending trendline. The pair is also below its 50- and 100-period moving averages. The RSI indicator is below 50, and the MACD indicator is crossing below its signal line. On the daily chart, GBP/USD is trading below a descending triangle pattern. The pair is also below its 50- and 100-period moving averages. The RSI indicator is below 50, and the MACD indicator is crossing below its signal line. Overall, the technical indicators on all three timeframes suggest that GBP/USD is likely to continue to decline in the near term. Conclusion: GBP/USD remains under pressure due to a number of fundamental factors, and the technical indicators on all three timeframes suggest that further downside is likely in the near term. Traders should be cautious going long on GBP/USD at this time. I hope this post is helpful. This analysis represents is based on the information at the date it is posted. This analysis does not represent professional and/or financial advice. You alone assume the sole responsibility of evaluating the merits and risks associated with the use of any information or other content found on this profile before making any decisions based on such information. Any feedback is encouraged and appreciated. Thank you and have a nice day!
Short
by YExplore
USD/CAD: Resistance Levels to Watch in the Short TermUSD/CAD Fundamental and Technical Analysis for 28 September 2023 Fundamental Analysis The Canadian dollar has been under pressure in recent weeks, falling to its lowest level against the US dollar in over two years. This is due to a number of factors, including: Higher US interest rates: The Federal Reserve has been raising interest rates aggressively in an effort to combat inflation. This has made US dollar assets more attractive to investors, leading to a sell-off in the Canadian dollar. Weaker oil prices: Oil is Canada's main export, and a decline in oil prices can have a significant impact on the Canadian dollar. Oil prices have been falling in recent months due to concerns about a global recession. Risk aversion: Investors are becoming more risk averse due to the ongoing war in Ukraine and the rising cost of living. This is leading to a flight to safety into US dollar assets. Technical Analysis On the technical charts , USD/CAD is in a bullish trend. The pair has broken above its downtrend line and is now trading above its 200-day moving average. This suggests that the bulls are in control and that the pair could continue to move higher in the short term. On the 30-minute chart, USD/CAD is facing resistance at 1.3600. If the pair can break above this level, it could target 1.3650 and 1.3700. On the downside, support is at 1.3550 and 1.3500. On the 4-hour chart, USD/CAD is facing resistance at 1.3650. If the pair can break above this level, it could target 1.3700 and 1.3750. On the downside, support is at 1.3600 and 1.3550. On the daily chart, USD/CAD is facing resistance at 1.3700. If the pair can break above this level, it could target 1.3750 and 1.3800. On the downside, support is at 1.3650 and 1.3600. Overall Outlook The Canadian dollar is under pressure against the US dollar due to a number of factors, including higher US interest rates, weaker oil prices, and risk aversion. On the technical charts, USD/CAD is in a bullish trend. The pair is facing resistance at 1.3600 on the 30-minute and 4-hour charts, and at 1.3700 on the daily chart. If the pair can break above these resistance levels, it could continue to move higher in the short term. I hope this post is helpful. This analysis represents is based on the information at the date it is posted. This analysis does not represent professional and/or financial advice. You alone assume the sole responsibility of evaluating the merits and risks associated with the use of any information or other content found on this profile before making any decisions based on such information. Any feedback is encouraged and appreciated. Thank you and have a nice day!
by YExplore
EURUSD: Forecast todayThe U.S. dollar held its position near a 10-month high against a basket of major currencies on Thursday. The dollar's strength was buoyed by optimistic U.S. economic data and anticipatory remarks from Federal Reserve officials. The U.S. dollar index, which measures the greenback against other major currencies, hovered around 106.58 after hitting an overnight peak of 106.84, its highest level since November 30. Federal Reserve Bank of Minneapolis President Neel Kashkari and several other Fed voices cautioned markets on Wednesday about the possibility of more hikes due to ongoing economic strength in the U.S. This cautionary tone coincides with surprising strength in recent U.S. economic data that defies investor expectations for a slowdown.
Short
by FalCol_TradingMaster
1
Direction of movement of goldThis morning, world gold prices dropped sharply with spot gold down 24.1 USD to 1,876.2 USD/ounce. Gold futures last traded at 1,890.9 USD/ounce, down 28.9 USD compared to yesterday morning. World gold slipped from the important psychological support level below 1,900 USD/ounce in early morning trading this morning as the hawkish stance of the US Federal Reserve (Fed) continued to promote the increase in bond yields. bonds and the USD and crush the bullish trend of the metal market. According to some analysts, the decline in gold prices could push prices to a 2023 low of 1,810 USD/ounce on the spot market. A sell-off was triggered after the Fed signaled it would maintain a restrictive monetary policy for the foreseeable future even as the tightening cycle ends. The US Central Bank's aggressive stance pushed bond yields to a new 16-year high and the dollar to its highest since November, pushing gold off its August low of $1,885. ounce. James Stanley, senior market strategist at Forex.com, forecasts initial resistance around $1,850 an ounce. Even so, some analysts maintain a long-term bullish outlook for the precious metal. Ole Hansen, commodity strategist at Saxo Bank, said rising energy prices coupled with slower economic growth are creating an environment of stagflation, which he expects will eventually push up prices. go to high place. Gold is back above 2,000 USD/ounce TVC:GOLD BUY 1874 - 1876 TP1: 1880 TP2: 1885 SL: 1870
TVC:GOLDShort
by FalCol_TradingMaster
4-Hour Bitcoin Trading: Fibonacci Moving Average (FMA) Strategy Hey there, Bitcoin enthusiasts! Today, I want to share with you about a popular trading strategy that I use everyday, with Fibonacci Moving Average (FMA) numbers. I'll zoom in on the 4-hour chart to get a closer look at how it works. This strategy can provide some valuable insights into what's happening in the market, and I'll break it down step by step. EMA 144 Crossing EMA 233 After a Bearish Engulfing Candle: So, first things first, when we see the EMA 144 crossing below the EMA 233 right after a bearish engulfing candle, it's like a red flag waving at us. This suggests that the selling pressure is building up, and it might be a sign that prices are about to drop. Breaking the EMA 610 Support (Since Jan 2023): Next, we've got the EMA 610. This line has been a strong support level since January 2023. When the price breaks below it, it's like breaking through a safety net. It tells us that market sentiment is changing, and we might be entering a bearish trend. Retests and Rejections: After that, we see a series of retests of different EMAs – the EMA 610, EMA 233, and EMA 144. And guess what? Each time, there's a big rejection. These rejections are pretty significant: EMA 610 Rejection: The first time we try to get back above the EMA 610, it says, "Nope!" This reinforces the idea that this line is now acting as resistance, not support. Second EMA 610 Rejection: We give it another shot, but no luck. The EMA 610 is still saying, "I'm not letting you through." It's like a stubborn gatekeeper. Sideways Movement: Then, we see some sideways action. Prices are stuck between the EMA 144 and EMA 233. It's like a tug-of-war between buyers and sellers. Nobody's sure where things are headed. Drop to Test Support: Eventually, we take a plunge to test lower support levels. This is in line with the bearish outlook, indicating that we're exploring lower price ranges. Pullback and EMA 233 Retest with Huge Rejection: Finally, there's a pullback, and we give the EMA 233 a shot. But it slams the door in our face with a big rejection. This tells us that the bears are still firmly in control. Now, why do we see these rejections? Well, it's partly because of human psychology. Traders who missed the initial breakdown of these EMAs see these retests as a second chance to sell. Plus, big players like institutions and algorithmic traders often pay close attention to these levels, making them even more important. It's like a self-fulfilling prophecy – everyone expects a rejection, so it happens. In a nutshell, the Bitcoin Fibonacci Moving Average (FMA) strategy on the 4-hour chart is a valuable tool for navigating the crypto market. By analyzing things like EMA crossovers, support breaks, retests, and rejections, you can get a solid grasp of what's going on and make smarter trading decisions. Those rejections at key EMAs remind us that technical analysis and human behavior play a big role in crypto trading – it's not just about numbers and charts!
INDEX:BTCUSDShort
by sailortrades
AR/USDT 1-day potential long setupBINANCE:ARUSDT AR/USDT 1-day potential long setup The price of AR/USDT broke the previous resistance level of 4.36 and touched 4.60, but failed to sustain the momentum and retreated. It has since consolidated in the range of 4.22 to 4.48, but is now compressed between 4.00 and 4.17. The price has been accumulating in this zone for the past 7 days, suggesting that there is a strong buying interest at these levels. A long position is now expected in this area, with a target of 4.60 and a stop loss below 4.00. Bullish divergence is also present on the 4-hour chart, which confirms the bullish outlook. Key technical indicators: Price: 4.15 Support: 4.00 Resistance: 4.76 Target: 5.20 Stop loss: Below 4.00 Disclaimer: This is not financial advice. Please do your own research before making any investment decisions.
Long
by ChartsInsights
Nvidia's Highs, Lows, and the Journey AheadNvidia, a renowned tech industry stalwart, is navigating through market turbulence, having witnessed its stock soar to record highs and subsequently decline, leaving investors pondering its future trajectory. On August 24th, the stock marked a record $502, but the $500 level acted as a psychological barrier, triggering a 15% retreat from its peak as it likely represented a pinnacle for investors. This decline has momentarily stabilized above $400, with buyers striving to elevate the price amidst prevailing market forces. The low at $403 on August 14th is pivotal; breaching it could see the price descending to $400 and potentially to the next substantial support at $346, mirroring November 2021’s high. Despite these oscillations, Nvidia boasts a year-to-date gain of 184%. If the current support sustains, a revisit to the $500 level is plausible. The ongoing scenario raises questions—Is this downturn transient, or does it herald a prolonged decline? Observing upcoming market trends and Nvidia’s performance will be crucial in deciphering the longevity of this downturn.
NASDAQ:NVDALong
by Sublime_Trading
AUDUSD DOWNTREND CONTINUATION FOLLOWING USD INTEREST RATES 09/23AUDUSD has been in a bear market July 2023. Price stalled out and ranged since August 2023. We have since seen bulls try to break out of this 3-month range and failed every time. The resistance is around 0.6530, which is yet to be broken. We recently have seen a strong rejection of that resistance following last weeks USD interest rates. The Australian Dollar has been a weak currency in the basket of majors for several months this year and the United States Dollar has been getting stronger. I am awaiting my trigger just below 0.64159 and am a bit late to the action so my P/L will not be as ideal as I planned but I will take what I can get and still be realistic with the target which is sitting at 0.6360 lows which is also where many longer term buyers may have their stop losses if the uptrend doesn't work out in their favor. I will be utilizing a trailing stop loss along the progression of the trade and have my hard stop around today's daily highs in case it does not work out in my favor. If the trade fails then the price may go back into chop or could be a possible reversal towards range highs of 0.64159.
Short
by bajapips
A Great Trading OpportunityAs per my analysis, a Fib-3 Bat Pattern is about to complete at 1.8979 on the Daily Chart. To minimize the initial risk, I will wait for a buying opportunity on the H4 or H1 chart. This will significantly reduce the stop-loss to 1.8733 (-246pips) or close to -2,460usd/lot, while the first target will be at 1.9363 (+384pips) or close to 3,840usd/lot. I believe that a good trader follows a good mentor, but a great trader plans his own trade and takes reference from others' analysis. Therefore, I suggest that we proceed with caution and carefully evaluate the market conditions before investing. With a well-planned trade, we can maximize our gains and minimize our risks.
Long
by RaynLim
Aggressive shorting opportunityI am looking at a shorting opportunity on the GBPUSD. Based on the 4-hourly chart, I am waiting for a magic candle to form up at 1.2368 for a shorting opportunity. My initial stop-loss is at 1.2454 (-86pips) or 860usd. At this moment, my projected target is at 1.2234 (+134pips) or 1,340usd/lot. Alternatively, you can wait for candlestick confirmation at 1.2405. The entry price is 37pips later, with the same stop-loss and target profit level. Your initial risk is now (-49pips) or -490usd/lot and target profit is now (+171) or 1,710usd/lot. As you can see from this real-life example, it is better to miss a trade than to engage in a trade you shouldn't have. I believe this investment opportunity has great potential for profit.
Short
by RaynLim