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NZDUSD Long Trade SetupHello Traders As far as I can see, the last top was the end of the upward movement, and in this case, the drop after that should be the reversal impulse. We have a complete correction now. That's why it can be a good idea to wait for a small correction and place a pending order. My expectation is a pretty big correction for more upside, and my target will be the A wave inside that correction. 0.62300, which is 0.382 retracement of the upward movement can be a good place to book profit. Trade with care. Bulent
Short
by WaveAnalysis
Short setup for DAX30 Hello Traders !!! Hope you are doing good. I've been actively trading for 8 years now and in all my experience I have never seen the market being so out of place so this is why my favorite action now a days is to wait for the best moment to get in the market. I recommend using lower exposures. DAX as I see it is under a key area that has been resistance turned into support and now is resistance again. So i will monitor the price action inside this area and what i will do is to sell DAX from inside those levels with a target of 12250 but this is only if resistance holds in place. If it breaks above that, i will not buy. I will wait for the price to move higher and cover the gap at 13500 and from there open a sell with target back down to the area mentioned on the chart @ 13000. Patience is the key in today's market. Please share your ideas and your thoughts in the comments so we can grow together. Best of luck
XETR:DAXShort
by opentrader08
AUD might suffer after Melbourne lock-downHello Trader !!! Hope you are doing well. After yesterday's news on the lock-down of Melbourne for another 6 weeks due to COVID-19, I believe that we should see the AUD under some pressure in the next few weeks. It also helps us to see the price close to a resistance level. That gives me more confidence in the success of this trade. My target will be 0.6600 and depending on how things will progress I will extend the trade even down to 0.6400. Either way i will be happy at 0.6600. This is my opinion and in no way or form this should be considered as Investment advice. Trade at your own risk. Please share your toughs and ideas in the comment section so we can grow together. Best of luck
Short
by opentrader08
2
XLMUSDT - Medium term trading planDAILY: -MACD had a bearish cross -we saw a bearish divergence RSI/PRICE -looking to buy the area between 0.38 and 0.5 fibs wich also converges with DMA200 -needs to be checked that the 200DMA turned to strong support (check reaction around that level) -we have 100DMA crossing 200DMA up which is a golden cross and a bullish signal (retest of that area confirms the bullish setup) -VOLUME is very low which is bearish There is no upcoming event to support a run up. Tools MA's 10/20/50/100/200 (swing trade) RSI , MACD , VOLUME , FIBONACCI,DIVERGENCE STANDARD PIVOTS , CANDLES, TRENDLINES
Short
by Tzyganwu
ETHUSDT, short to 186.32 after big closed volume.Hi, friends. Today i want to present new version 2.0 of x-volume script in this idea. So X-Volume show that we have big open interest to sell and big volume of closed positions after downward trend. Simple and easy. First target for sells is 186.32 (levels by X-Lines script). If you want to try this indicator write in private. Link to x-volume below. With x-volume you can analyze all market processes in real-time. If you programmer you can build powerful trading system using it data.
Short
by JinFlark
1