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Correction

GALA/USDT SHORT TRADE hello traders In a session, I am waiting for an opportunity to sell the cryptocurrency Gala, first target 0.04375 Second level target 0.04196 Analysis The price has arrived for a block of sell orders on the daily frame, and there is liquidity that has been grabed, and there is a momentary on a 5 minute frame for sellers And the price is going up in a corrective way, so it is expected that it will reach the supply area and we will get another moment for the sellers
Short
by ARABTRADERX45
5
InvestMate|DAX time for a correction?🇩🇪 DAX time for a correction? 🇩🇪 During last week's trading sessions, we could see an attempt to stem the declines on Germany's main index, which comprises the 40 largest German companies. The correction from the bottom was already 9%. 🇩🇪 The bottom fell on 28 September and from then on we began to slowly form breakout formations on the chart. We have been making higher and higher highs and lows. 🇩🇪 Looking from a fundamental point of view, the dax index is in the best position relative to other indices. 🇩🇪 Low interest rates at 1.25 per cent are unable to suppress demand for investment loans. tradingeconomics.com 🇩🇪 At the same time, during Friday's session we also saw a strong correction in US and German bonds, which could signal a change in sentiment towards equities and in the medium term could generate an upward impulse on this stock. 🇩🇪 Turning to the chart, we are at a strong support line from which the price has repeatedly been pulled upwards. During Friday's session we tried to go lower but the level was defended. 🇩🇪 If the positive sentiment is maintained, we can expect the price to continue to rise towards 13400 points where I find a strong line of resistance. 🇩🇪 In this situation, it would be appropriate to take a defensive order below Friday's lows and target the 13400 points zone where the range of the last upward correction is also located. This gives us a very good risk/reward ratio of 3.19 🚀If you appreciate my work and effort put into this post I encourage you to leave a like and give a follow on my profile.🚀
XETR:DAXLong
by InvestMate
2
What does the EUR/USD chart say ahead of the ECB decision?Today we get the ECB, and another 75bps hike is expected…. so, what are the charts saying ahead of this? EUR/USD has already broken above its 2022 downtrend and back above parity and did so with a decent rally. So, this raises the question of how far is the market likely to correct? We have the 12th September high at 1.0198, but the area on the chart where the resistance starts to intensify is at 1.0349/69, the May and June lows and the August peak. Also, in this vicinity lies the 38.2% retracement at 1.0283 (of the move down from the February peak). If treat the recent consolidation between the .9535 low and 1.00 as a symmetrical triangle and measure that higher, that also gives a potential 1.0400 target, but for now we will stick with the 1.0349/69 band as this was also the 2016 low and represents a strong convergence of resistance. I tend to leave broken trendlines on the chart, as these should now act as support on any pullbacks, the previous downtrend now lies at .9930. The 55-day moving average lies at .9916 and should add support to this area. It is also nice to see a confirming break higher by GBP/USD through its 55-day ma at 1.1443, which opens the way to the 1.1760 July low and above here we have a couple of Fibonacci retracements coming in at 1.2050/75 (50% of the move from January 2022 to September 2022). USD/JPY is also easing back having charted a huge key day reversal from 151.94. It has 140.35 as initial support (22nd September low) but the stronger band of support starts to kick in at the 139.34 July high and the 137.76 38.2% retracement of the move up from March. This band coincides with the base of its cloud at 138.15 and we would ne looking to take profits ahead of here. Disclaimer The information posted on Trading View is for informative purposes and is not intended to constitute advice in any form, including but not limited to investment, accounting, tax, legal or regulatory advice. The information therefore has no regard to the specific investment objectives, financial situation or particular needs of any specific recipient. Opinions expressed are our current Disclaimer: opinions as of the date appearing on Trading View only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The Society of Technical Analysts Ltd does not make representation that the information provided is appropriate for use in all jurisdictions or by all Investors or other potential Investors. Parties are therefore responsible for compliance with applicable local laws and regulations. The Society of Technical Analysts will not be held liable for any loss or damage resulting directly or indirectly from the use of any information on this site.
by The_STA
1