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GBPUSD short ideaGBPUSD SHORT Opportunity Hello FX traders, here's a chance to Sell the GBPUSD pair. Despite the BIG rise recently, the price behavior showed some weakness since the beginning of this year, as it started to show lower highs and lower lows. What reinforces the expectations of the decline are the fluctuating conditions in the United Kingdom, which will be reflected sooner or later in the pound sterling price against the rest of the currencies. In this analysis, I rely on the trend line drawn above the price, in addition to the price being the May 2022 peak (1.26500). The opportunity will be active when the price hits 1.2650 TP1: 1.2470 TP2: 1.2280 SL: 1.2730 Goodluck.
Short
by Hump_Trader
📊 6 Examples of Rejections at S/R Areas📍Support and Resistance 101 Support and resistance are two foundational concepts in technical analysis. Understanding what these terms mean and their practical application is essential to correctly reading price charts. Prices move because of supply and demand. When demand is greater than supply, prices rise. When supply is greater than demand, prices fall. Sometimes, prices will move sideways as both supply and demand are in equilibrium. Like many concepts in technical analysis, the explanation and rationale behind technical concepts are relatively easy, but mastery in their application often takes years of practice. S/R level areas can develop inside different candlestick patterns as well as trend trading patterns. The Resistance being the top of the pattern and the support being the bottom of it. 🔹Technical analysts use support and resistance levels to identify price points on a chart where the probabilities favor a pause or reversal of a prevailing trend. 🔹Support occurs where a downtrend is expected to pause due to a concentration of demand. 🔹Resistance occurs where an uptrend is expected to pause temporarily, due to a concentration of supply. 🔹Market psychology plays a major role as traders and investors remember the past and react to changing conditions to anticipate future market movement. 🔹Support and resistance areas can be identified on charts using trendlines and moving averages as well as different types of patterns. 👤 @AlgoBuddy 📅 Daily Ideas about market update, psychology & indicators ❤️ If you appreciate our work, please like, comment and follow ❤️
Education
by QuantVue
2
BHEL WEEKLY BREAKOUT & AT RETEST LEVEL The price breaks the trendline which is acting as strong resistance for the price and also restested the trendline breakout level and now start moves for the upside levels. Price also formed flag and pole pattern in daily timeframe and also given breakout. #BHEL 👉Trendline Breakout & Retest in Weekly TF 👉Stock in Uptrend & Bullish Pattern 👉Flag & Pole BO on Daily TF 👉Looking good for short Term Swing 👉PSE Stocks in focus 👉Add To Your Watchlist✅
NSE:BHELLong
by Jha_Nidhi
Amazon set to BREAKOUT or FALLOUTAs we analyze the 4 hour chart of Amazon I am honestly indifferent on the stock and would not be trading or buying it right now as it seems "stuck to me" based off these channels... When we look at the "macro" blue channel it shows upside with price pointing to higher 130s... but it would be a very swingy ride there.. right now we are in the white channel which is also very swingy and large for a channel to trade but profit to be made if TIMING is right... I have fib levels listing this as a Wave 2 and looking for more downside, but will continue to watch if we are to breakout of the resistance.. until then I would stay bearish.
NASDAQ:AMZNShort
by UnknownUnicorn910751
US30 : Butterfly Harmonic PatternCURRENCYCOM:US30 As you can see , beautiful , Butterfly harmonic pattern is done It's a bearish pattern , Market now after completion of D leg , now intent to do a 38.2 % retracement it's a pattern with 70 % accuracy , market now in overbought position you can take your short trades and target for 33205 area Trade properly with risk management , don't try to overtrade or do revenge trade Patience is key in this field , you should have steel nerves risk reward ratio 1;2 or 1;3 is ideal in intraday trading
UShort
by INVESTRONE
3
It's NOT Perfect, but would you say NO to 309pips of Profits? It's NOT Perfect, but would you say NO to 309pips of Profit Potential? The Bearish 5-0 Patterns has completed on the Daily Chart(right), the doji candle looks great for aggressive trader for a shorting opportunity, the RSI didn't went overbought, and that cause this setup to be not as perfect as we want it to be. Alternative ways to engage the trade, is to wait for the market to retest at 83.60 on the 4-hourly chart or the 1-hourly chart. When the retest happens, it will produce an RSI Divergence that allow us to engage the trade, that produce a Lower Risk with a Higher Returns. If you are looking for a buying opportunity, 82.60 is the level you can wait for a retest of support or a double bottom with RSi Divergence. Which side of the trade would you choose? Shorting opportunity or Longing opportunity?
Short
by RaynLim