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Followthetrend

AUD/CAD - Is this a turning point?!We are currently sitting at a very high-probability area for potential downside continuation! 🔎 Key Observations: Elliott Wave Count: We have completed waves (1)-(3) and are currently finalizing a corrective wave (4) into a critical supply zone. 71% Fib Retracement: Price has retraced deep into a typical exhaustion zone for wave (4) setups — extremely common before the major trend resumes. Supply Zone: Clear rejection visible near 0.90500 area; price is showing early signs of weakness. MACD: Bearish cross aligned perfectly with supply pressure. Momentum indicators are favoring bears. Volume Spike: High volume during the wave (3) selloff confirms real seller presence behind this move. 📈 My Plan: Watching for bearish confirmation (weak candles, rejections) in this supply zone. Expecting a potential wave (5) extension lower, targeting sub-0.82000s over the next several months. Risk Management: Stops placed above 0.9100 structure if activated. 📢 Summary: The trend is still bearish — we are just seeing a corrective rally. Big money tends to load shorts on these pullbacks... Don’t miss this potential monster setup! 🔥 💬 Drop a comment if you're watching AUD/CAD too! 🔔 Follow me for more high-probability setups each week! #Forex #AUDCAD #ElliottWave #SupplyAndDemand #TradingSetup #SwingTrade #Bearish Would you also like me to make a second version that's even shorter (for quick engagement) or one that sounds a bit more aggressive and hyped (depending on the style of your audience)? 🎯
Short
by jamesibartram
Gold Price at a Crossroads: Awaiting the Next MoveCurrently, I foresee two possible scenarios for XAUUSD. In the more optimistic scenario (black label), the recent correction is assumed to be wave ii of wave (v), which suggests that XAUUSD still has the potential to strengthen toward the 3,177–3,306. However, attention should also be given to the bearish scenario (red label). If XAUUSD fails to break above the 3,167 resistance level, it is likely that wave 3 has already been completed, and the current movement is part of wave 4. In this case, XAUUSD may decline toward the 2,489–2,832.
FX_IDC:XAUUSD
by herdityawicaksana
4
BNX Soars to New Heights: A Strong Uptrend Signals Promising FutHi everyone! BNX is on uptrend and is the perfect moment to buy with price target 1.23. Shorting this coin would be a massive mistake as smarts money plan is to sweep the shorts!! Chart looks bearish but don't fall in to their trap! If you open a long position make sure you are covered for at least 25% drop. Avoid the high leverage! Remember profit is greater that loss. We are not day traders. just profitable traders! Our job is to identify the trend. Trade safe
BLong
by ARPGLanalysis
Bearish trends in the days ahead. Hello, To all my folks who are trading forex. Right now everything has been going crazy with all the news across the world. One thing can be sure is the USD is reigning supreme. With a guy sitting at the big White House in DC. Be rest assured he wants to be first at everything. He wants US first in everything. It’s only a matter of time before things start to reflect certain aspects of that. Especially the USD. So let’s take a look at what the EUR has been doing for a while! What it has been doing for a long time is falling. Things will continue to be that way. If we extend the times on the chart to 4hrs, day, week and even month. You can see that things are looking to trace back to low’s that haven’t been hit in years. Of course, things will always have to retrace, you will have your support and resistance levels. That’s a gimme. It’s what we do at those levels is what will define these future trades. At this time. It’s time to throw the towel in and admit. We are in a EUR/USD downtrend for a long time to come. As always, research your entries, confirm your strengths and look for opportunities to trade smarter. If you enjoy this publish idea, please follow and boost this up. - Thank you
Short
by TradeswithB
Altseason is Here - Follow Triangle BreakoutLong positions are piling up on Bitcoin (BTC) after each other. I think that investors follow the consolidation to buy more. Know that symmetrical triangles can break on either side. Enabling you to follow the breakout, I made this chart. This chart shows a symmetrical triangle tracing Bitcoin price action. High as investors' risk appetite is, any drawback is potentially considered an opportunity. I estimate that large-cap altcoins will do even better. So, it might be a good idea to follow up on Ethereum.
BITSTAMP:BTCUSD
by Elysian_Mind
MSFT March 15, 24: A Failed BreakoutOn March 12, 24, I wrote about NASDAQ:MSFT as it crossed the trendline with higher than average volume, which provides a buying opportunity. Later, on March 14, 24, the stock again broke out into the new all-time high, which provided an additional buy point. You can see these 2 posts below in the related idea section. However today NASDAQ:MSFT , although still looking good, moved down the previous resistance with very big volume which showed that the breakout on March 14, 24 was failed. I bought the stock on March 12. I also bought some on March 14. But as the breakout failed I sold what I have bought on March 14. I am ready to enter again if the stock move up to new all time high again. What do you think about NASDAQ:MSFT Please share your idea. Thank you
NASDAQ:MSFTLong
by longsonvn
SMCI March 29, 2024: A Head & Shoulder FormingNASDAQ:SMCI is a clear leader during this bull market. However, after a 260% run-up from a previous buy point as shown on the chart, the stock is struggling to move up further. Now it might slowly form a Head & Shoulders Pattern, and a breakdown through the neckline would signal a sell. Interestingly, the neckline is right near the 50-day moving average (blue line), therefore a breakdown there will be an even stronger sell signal.
NASDAQ:SMCI
by longsonvn
CELH March 27, 24: A Sell SignalWhile trading, I usually use MA-20 as a sell signal for stocks which already started running from a long base. It doesn't mean that the stock will go down further. When I sell a stock, I have absolutely no idea about what it will do after. It may indeed goes down further, or it may consolidates somewhere forming a new base. NASDAQ:CELH broke out of a long forming base on Feb 29 after earnings. That was a buy signal. After a month running up from a buy point the stock was sold down on higher than average volume today, crossing down its MA-21 and closed at the lowest. That is, at least for me, a sell signal. The longer-term trend? Still uptrend! I am looking for opportunities to enter it again.
NASDAQ:CELHLong
by longsonvn