Daily analysis & day trading setups on DAX DE30EUR 20220818 Happy Thursday, Happy Janmashtami
What a move on DAX yesterday. As it has now broken 13510, 13510 becomes line in the sand. Break of that will open up 13360 & beyond
Macro EU HICP, ECB Schnabel Speech - US Jobless Claims, Phil Fed Mfg Survey
Buy
Break: 13 690, 755, 805, 850, 915
Reversal: 13 595, 530, 450, 365, 290
Sell
Break: 13 600, 540, 455
Reversal: 13 700, 770, 815, 870, 930, 995
I regularly publish my daily analysis & trading plan for day trading setups. The links are here:
NASDAQ
DAX
SPX
Green Goblin levels are here >>>
Fibonacci Confluence levels are here >>>
Dailyanalysis
Daily analysis and day trading setups on SPX SPX500USD 20220816This is the first daily analysis and day trading plan for SPX. I am already publishing NASDAQ & DAX daily trading plans here >>
NASDAQ
DAX
Line in the sand for SPX is 4280 but 4300 is too close so it is more like a zone of 20 points which is quite evident. The hourly bull flag is still in tact as long as Demand Zone 1 holds.
Macro US Building Permits, Housing Starts, CAD CPI
Buy
Break: 4295, 4313, 4327, 4347
Reversal: 4279, 4262, 4253, 4240, 4216
Sell
Break: 4281, 4285, 4254, 4243
Reversal: 4316, 4330, 4350, 4374
Green Goblin levels are here >>>
Fibonacci Confluence levels are here >>>
GBP/AUD: ReviewGreat Britain Pound/Australian Dollar continue drop since Thursday, August, 11, 2022 when I said that GBP will weak in front of AUD, what I entry around $1.7232 AUD, and I got profit to $1.7031 AUD (+202 pips earned)
This it's a nice trade.
Meanwhile, I have in Daily timeframe that GBP/AUD could to forming a pull back after this break-out of this symmetrical triangle that I look now.
So guys, at the moment, I got profit in this trade earned 11.88% in this trade
I will sum all my trades in this week compared with the last week and my progress to achieve my goal this month 20%.
*Remember, if you're interesting to make Forex trading, you will need to be consistent and patience to achieve your goals and dreams, and also it's very important to read it because people believe that they will come to make easily money in trading, when trading required a lot patience and discipline in this field, but you will need to take trading and financial market like passion. But you can to invest, learned and discover them.
This it's one of my best trades this week!!!
TSLA Daily ChartCorrective sloping Downtrend, TSLA has broken out of range bound at 750 area, but has yet to retest. We are above midline with target to upper limit of downtrend above. Consolidation here with a strong bull day on Friday, stuck at 900. Bulls want follow through and a break to new high in this breakout uptrend. Would expect bears to defend big 1000 mental round number if we get there. Bears are looking for a break down out of this consolidation and retest of 750-760 break out area. Short term traders can pay the lower timeframes to these targets as your lower TFs indicate as we move either way. This is a big picture Daily look. Current move up is not impulsive so a breakout of the bigger corrective downtrend would be a 'surprise' and would need a consolidation above the TL for more buying to be wise. We are a ways in time from that however we can watch and see. Happy trading!
Daily analysis and trade setups on DAX Ger30 20220810Happy Midweek, Happy CPI Day,
As mentioned in yesterday's analysis, DAX not being able to hold above 13680 was ominous
Now a sustained move below 13440, break of 13300 will open it up to 12920. Will it happen today, we will see
It still has chance to gain back above 13680
13530 is the line in the sand today
Macro : DE HICP, US CPI
Buy
Break: 13550, 13630, 13685, 13740
Reversal: 13450, 13390, 13350, 13280, 13220
Sell
Break: 13460, 13400, 13370, 13300
Reversal: 13645, 13690, 13750, 13810, 13840
Green Goblin levels are here >>>
Fibonacci Confluence levels are here >>>
Daily review of BTC interval 1HHello everyone, let's take a look at the BTC to USDT chart over the 1 hour timeframe. As you can see, the price has dropped below the local uptrend line.
Let's start with the designation of the support line and as you can see the first support in the near future is $ 22,823, if the support breaks down, the next support is $ 22,615 and $ 22,451.
Now let's move from the resistance line as you can see the first resistance is $ 23,174, if you can break it the next resistance will be $ 23,375, $ 23,535, $ 23,701 and $ 23,939.
Looking at the CHOP indicator, we can see that in the 1-hour interval the energy has been used and the MACD indicator confirms the local downward trend.
Daily analysis and trade setups on NASDAQ 20220804Happy Thursday & Happy BOE day
Momentum is bullish. We trade candles and not predictions. It doesn't matter what economic outlook is bearish if the Mr.market wants to go up.
13200 is our pivotal line in the sand. Buy above and sell below to get rich slowly.
Macro: ECB Elderson Speech, GB BOE (everything), US Trade Balance, Jobless Claims, Fed's Mester Speech
Buy
Break: 13340, 13400, 13490
Reversal: 13200, 13120, 13050, 12990
Sell
Break: 13210, 13130, 13060, 13000
Reversal: 13340, 13390, 13490, 13550, 13640
Green Goblins chart here >>>
Confluence level chart here >>>
Daily analysis and trade setups on DAX Ger30 20220804Happy Thursday & Happy BOE day
Dax bulls are eyeing 13925 now but they will need to defend 13450. Near & below that level, things may change.
Macro: EUR Economic Bulletin, ECB Elderson Speech, GB BOE (everything), US Trade Balance, Jobless Claims, Fed's Mester Speech
Our pivotal level today is at 13600.
Buy
Break: 13670, 13725, 13760, 13820
Reversal: 13580, 13530, 13480, 13440, 13410, 13360
Sell
Break: 13580, 13550, 13490, 13450
Reversal: 13700, 13760, 13800, 13860 13920
Green Goblin levels are here >>>
Confluence chart is here >>>
Bitcoin forming a bearish channel perspective!!!Analyzing the Daily timeframe, we could to expect another possible crash in the Bitcoin price. But it's very important to analyze well the fundamental analysis in this week incoming what we expect from more news in macroeconomic point.
Also, I draw a model of this bearish channel perspective and I believe that we formed the ABCDE pattern correction into this chartist pattern. Remember that we're in the bear market, and it's not sure that Bitcoin going to up, at least combining our technical analysis with fundamental news that affect Bitcoin price. Right now, we see a bearish hammer candlestick formed in Daily timeframe indicating sell-off. There's a possible short position to $21,300 USD to take advantage of this trade if you trade cryptocurrency
I hope that this idea support you!!!
Daily analysis and trade setups on DAX Ger30 20220729Happy Friday and Happy Last Trading Day of the Month
DAX range has compressed so it is making multiple levels of support and resistance. We simply have to deal with it until it makes up its mind and moves
The bias is turning bullish by the day but the drop is going to be significant. So always be careful. " Trust the trend but verify " in force
Macro: EUR Unemployment, GDP, HICP, US PCE, PI + PS, Chicago PMI & Michigan CSI
Mostly directional scalp trades still
Buy
Break: 13440, 13520
Reversal: 13300, 13260, 13220, 13170, 13100
Sell
Break: 13350, 13270, 13220
Reversal: 13450, 13500, 13600, 13690
Chart with Fib Levels here >>>
Chart with TIFib Confluence Levels here >>>
Best Prices for Short Term Long Position for Gold SpotI personally think the prices given in the chart can be potential points for a retracement.
Here are the reasons:
The downtrend wave is going for its third motive wave which can continue to the 3 prices given in the chart.
Fibonacci channel and retracement showed that the 3 prices are the primary potential points for a long position.
As you see, the demand zones match Fibonacci numbers.
NOTE: It is recommended to exit your trade as soon as the price gives it pullback. Additionally, it is better to check momentum in H1 and M15 timeframes to see if the price is saturated or not.
Although technical analysis gives us perfect positions for getting a profitable long on XAUUSD, fundamentals are a bit unstable (interest rate of USA: 2.5%) and the price may go down more than we have predicted. So, it is crucial to have a reasonable risk-reward ratio (1:3 is recommended) equivalent to your trade volume, leverage, and account.
Now tell me, which price is the best from your perspective?
OANDA:XAUUSD
AUDCAD Potential Bearish ContinuationWelcome back! Let me know your thoughts in the comments!
**AUDCAD - 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
Gold Technical Analysis DailyXAUUSD Technical Analysis 22.07.2022 1h chart
Previous Daily candle closed Strong Bullish above the most recent Daily Resistance forming Support at 1697.800 breaking the previous Daily High and Low.
Buys on close above 1720.300 targeting 30min Resistance at 1727.700 leaving Runners to 1h Resistance at 1732.300 and price could potentially tap the Daily Resistance formed on (14.07.2022) at 1735.500 if there was enough volume in the Market.
Sells on close below 1711.000 targeting 1h Support at 1705.700 leaving Runners to 30min Resistance at 1698.500.
We have Flash Manufacturing PMI and Flash Services PMI data to be released 15min after New York Stock Exchange Open.
Looks like KCASH will give breakoutHello Traders,
As you can see in Daily time frame, Kcash ( KCASH ) is in consolidation. KCASHUSDT chart pattern in daily timeframe looks similar to SWRVUSDT. Recently Swerve (SWRV) gave big breakout so there is possibilty that KCASH may also give big breakout.
Don't forget to manage your risk because chart patterns don't playout always.
Leave your opinion in comment section. Follow us for related analysis.