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betting on rip sellits fantastic that major indices are still managing to find areas of support on the way down. this to me is indicating when we do finally recover it will happen in a reliable manner. its also telling me that these areas are not max pain. to find a bottom permenantly id like to see bullishly diverged oversold levels in high volume. right now signal is still red, and trama sss ma are resistive near top of envelope. these indicators would need to show green candles before spx is a buy again.
SP:SPXShort
by cerealpatterns
has gold made bottom at 1614 or 1533 is coming ?gold price made top at 2070 since than it is making lower low with lower high first it makes support than breaks than retest for current gold rally it has no virgin support to retest after being broken and we have white descending trend line which is our dynamic resistance but i have 1711 and 1734 as static resistance so either price reverse from above level or 1614 was bottom for gold price and fed will pivot in Q4 2022 or there is a chance price makes correction to whole trend by going back to 1800 resistance than crash to 1450 the cororna virus market bottom but at current price 1711 gold price is too confusion , it need breakout for next clear direction
OANDA:XAUUSD
by Sangam-Agarwal
USDCAD - FUNDAMENTAS WITH TECHNICAL LEVELS#USDCAD USDCAD is going up quite a bit right now. The reason is that the OIL is slightly DOWN. Also, MARKETS RISK has been OFF again. And the US CPI data was very good. So now USD has become very STRONG. US RETAIL SALES DATA was also very POSITIVE. Because of that, yesterday's FOMC MEETING caused a 75bps rate hike. SENTIMENT related to USD became STRONG in recent days. But now with good DEMAND for US YEILD, USD is moving UP. Due to this reason, STOCKS can continue to move DOWN SIDE if the USD goes up like this in the coming days. Right now, the UP SIDE is being BUY very well because the USDCAD MARKET is US DATA and UPDATES POSITIVE. We think it will go up to the 1.4049 level before going down again with the market risk off sentiment. Somehow USDCAD will likely SELL up to 1.3155 LEVEL. We wait until the DOWNSIDE TREND CONTINUES. FOLLOW THE STRUCTURE GIVEN.
by benny_marshall
20.25K looks interesting for entryMorning folks, Markets finally get tactical relief and show pullback across the board - Dollar Index, EUR, GBP etc., everything is bouncing. But what is BTC? It is not. Flat action, any attempt to show the bounce sells off fast. This makes us think on existence of bearish pressure. As a target we consider daily AB-CD with 16.20K destination point. Market has set the new lows on daily chart, so we can't use the butterfly pattern any more as it has been erased. On intraday chart price stands in the range, which is also potentially bearish. Appearing of "222" Sell pattern here, with potential starting point around 20-20.25K looks interesting for consideration of taking short position. At least this pattern gives chance to place very tight stop, so risk will be minimal
COINBASE:BTCUSD
by Sive-Morten
GBPCAD I Structure Trade I Short from Resistance 200 PipsWelcome back! Let me know your thoughts in the comments! **GBPCAD - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support! Brian & Kenya Horton, BK Forex Academy
Short
by BKTradingAcademy
13
NAS100USD to the 10k soon 🦐NASDAQ on the daily chart after the last retracement touched the resistance area at the 0.618 Fibonacci level and moved lower to the previous support. The price looks weak and a lower low to the 10k can be expected. How can i approach this scenario? I will wait for a clear break of the 11k zone and in that case i will be looking for a nice short according to the Plancton's strategy rules. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
OANDA:NAS100USDShort
by InkyGrip
EURCAD Potential Long Breakout then Short from ResistanceWelcome back! Let me know your thoughts in the comments! **EURCAD - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support! Brian & Kenya Horton, BK Forex Academy
Long
by BKTradingAcademy
1
EURCAD looking up 🦐EURCAD on the 4h chart after a test of the 1.32500 area retraced at the 0.168 Fibonacci level and tested the 1.30 zone. The price is now trading below a daily resistance and some further bullish move can be expected. How can i approach this scenario? I will wait for a potential break and close above the structure and in that case, i will look for a nice long order according to the Plancton's strategy rules. --–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Long
by InkyGrip
GBPCAD looking up 🦐GBPCAD after. a long downtrend seems to find a short term bottom. The price tested twice the support and is now trading below a confluence between a descending trendline and a minor resistance. How can i approach this scenario? I will wait for a potential break of the resistance area and in that case i will be looking for a nice long order according to the Plancton's strategy rules. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Long
by InkyGrip
4
DOW on the final countdown 🦐DOW on the daily chart is trading below a weekly structure over a daily support. The market is waiting for today's news and some volatility can be seen. How can i approach this scenario? I will wait for a retracement to the upside and if the market will provide us a sign of inversion i will look for a short entry according to the Plancton's strategy rules. –––– Follow the Shrimp 🦐 Keep in mind. • 🟣 Purple structure -> Monthly structure. • 🔴 Red structure -> Weekly structure. • 🔵 Blue structure -> Daily structure. • 🟡 Yellow structure -> 4h structure. • ⚫️ Black structure -> >4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
FOREXCOM:US30
by InkyGrip
10
Bitcoin range play: upside potentialWe see on the daily chart that support at the June-July range low, 18.8k, (which is also the 2017 high) is very strong. The candle is very bullish and is accompanied by powerful volume. Further downside at this point seems much less probable than more upside. Therefore, my analysis concludes we will be continuing the range upwards now. 21.6 seems the obvious next level and a *safe* TP point. 22.3 is more of a high-conviction play and not improbable, but in these environments I think safe plays are not a bad thing. Once we get to those price-levels, which is to say: the top of the June-July range, it will be easier to evaluate whether we will be rejected again to continue the June-July range downwards, or whether we will push through to 24.4. I still believe 28k may be on the charts for a bear-market rally local top, and it would be the perfect bulltrap. But first things first. Aggressive profit taking is always recommended in these environments. Hope it helps, and enjoy your day/night!
by mapav
1
EURAUD looking up 🦐This pair after the break of the descending channel is trading below a daily resistance. The market after a series of lower low and lower high create a higher low. How can i approach this scenario? I will wait for a potential break of the resistance area and in that case i will look for a nice long order according to the Plancton's strategy rules. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger
Long
by InkyGrip
2