XAU/USD Rebounds Again!• On the H1 chart, you can see that XAU/USD found support just beneath the downside line of the channel. Only a false breakdown and an upside turn were registered. It tested the S1 (1,706) static resistance (support turned into resistance).
• It has formed a flag pattern in the near term, which is considered a bearish formation. Major uphill challenges are represented by 1,711 and the downtrend line.
• "Keep it Simple", Good Luck!
Channeltrend
EURCHF 4 Hr. Intraday Short Set Up!Welcome back! Let me know your thoughts in the comments!
**EURCHF - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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CADJPY Swing Upwards +100 PipsWelcome back! Let me know your thoughts in the comments!
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We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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EURNZD LONG OVERVIEW AFTER WHAT LOOKS LIKE STOP HUNTINGPrice stayed for awhile tanging around 1.62000. Also 61.8 retracement level which would have induced retail traders to take long swing positions. The fast drop for 3 days looks like it was a STOP HUNTING Party. We are now Looking to trade it SWING LONG to 1.27 Fib Extension. Our Final TP. Taking smaller positions above the channel as we head to 1.27 Fib LEvel.
GBPJPY Intraday SHORT Opportunity Welcome back! Let me know your thoughts in the comments!
**GBPJPY - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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NIFTYHello and welcome to this analysis on NIFTY
From the high's of 18600 made in October 2021, every pullback leg of Nifty has been approx 88%
18350 on 18 Jan 2022 was 88% of the decline from 18600 to 16410
18115 on 4 April 2022 was 88% of the decline from 18350 to 15670
The current rally is at 78% of the decline from 18115 to 15185.
So what lies ahead, lets try to decipher probable scenarios
1. 88% retracement is near 17765 that coincides with the falling trend line - History repeats itself, rally ends near it, "tata, bye-bye, see you Longs."
2. It will breach above the falling trendline and continue its rally towards 18400 at least - Bull party continues, almost everything from A to Z eventually moves up, everyone (except those looking for a pullback and/or short) are happy!
3. It has completed its pullback and will do a pullback/resume downtrend, earliest confirmation as of today would come once it starts sustaining below 17375. - Just when everyone was hopeful that stocks are coming closer to their purchase cost, those stocks which have made us FII - "Full Invested Indians", because we bought them at very high levels and exiting in decline would have cost a huge loss, so holding onto these till .... ! PS This is not for Investors, this is for traders who become forceful investors in stocks where exit did not happen.
Until then
Happy Investing & Safe Trading
Potential Selling opportunity on NAS100The NAS100 is currently trading around 13340, which is the 3rd touch on the trendline that started on December 2021,
We can a trend resistance at that point, so i expect a bearish reversal from 13349
Market has been overbought and RSI, Stochastic and CCI
i will be waiting for a bearish confirmation to enter the market
This is my analysis
whats your take on this traders
!!! Trade with care
btc 4H channel structureBest Trader ,
as you see the btc inside a channel , until yet i dont have any price action for confirming (short or long ) , if you see this structure on 1H you will find the RSI on bottom thats why i,m afraid to go short , i will wait maybe for a trap with price action so i have more confirmation
thanks
Stocks Markets Breakout or Reversal ? [Arabic Language]S&P500 gains a lot in the past week, is this the end or the downtrend? is it the bottom?
We should monitor the main levels here at $4200, it will tell us!