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Retracement

AUDUSD Sell IdeaHere are my thoughts on an AUDUSD sell trade idea. As we can see, market structure is headed down and price is in expansion from the consolidation. I think that it will take out the liquidity and hit supply sometimes around New York session that continue down with higher timeframe structure. If you are familiar with the price cycle, the zone gave us consolidation and expansion and now we wait for the retracement to supply where we will wait for a change of character the another zone on the smaller timeframe to trade from.
Short
by BlackDiamondFX
2
GBPUSD have bottomed?Has GBPUSD bottomed? Price action suggest that it has. Since GBPUSD dropped to $1.036, higher lows pattern have formed WITH contracting pattern (tightening). From that pattern I drew a trendline. Price broke the key moving averages confluenced with the trendline break. Currently price is retracing back to its mean 50/100/200 after testing several times the $1.163 level. Actionable plan : wait for the price to test the key moving averages (keep it simple) and identify a rejection at those level and then Long. *Rejection could be anything. but preferably confluenced with pocket pivot (blue bar or green bar at volume indicator)
Long
by sufiansaid
Is $PI ready to break out of its ~10 month cup and handle?Notes: * Strong up trend on higher time frames * Excellent earnings track record * Basing for the past ~10 months * Forming a cup and handle pattern while basing * Printed a pocket pivot signal, indicating institutional buying * Volume on the daily and weekly time frame seems to be increasing as well * Strong resistance around the $90 area Technicals: Sector: Technology - Communication Equipment Relative Strength vs. Sector: 6.75 Relative Strength vs. SP500: 17.9 U/D Ratio: 1.09 Base Depth: 137.32% Distance from breakout buy point: -10.12% Volume 79.85% above its 15 day avg. Trade Idea: * You can enter now based on the pocket pivot signal * Or given the market conditions you may wait for a break out of the handle as indicated or even a break above the $90 area
NASDAQ:PILong
by HaseebKhan_90
1
XAUUSD Fibo retracament 38,2; 23,6; 0,523,6% we have the main resistance 38,2% we had the last support that already is the new resistance, and the 50% the support, with some shadows candles testing it. If 0,5 is crossed this have a big probability of being the next resistance. We believe two options of testing the support and resitance, however the 0,382 seems to be a strong resistance, tested several times, moretheless the 0,5 zone will be tested again Also if you look at 1H tf you'll see the EMA had also crossed the bb middle line, resulting in a short position for Gold
OANDA:XAUUSDShort
by AFCapital21
BTC - Almost Halfway Through The Accumulation E've been comparing recent BTC capitulation and now accumulation at the lows with the one in 2015. They are very similar in accumulation structure as well a how deep both capitulations went. Don't get me wrong, i don't thing this is a true bottom formation like it was in 2015 leading to the next bull run, but only forming a local bottom that just happens to be very similar as one in 2015. After completing this accumulation i still expect BTC will go into a retracement that can still take us slowly back in 45-50k area, before continuing the falL. From the comparison with todays price action wth the 2015 one, we can also expect btc to still reach the top of the range, make even higher local high (green box) and still then fall down to the bottom of the range (orange box), before starting a long awaited retracement. It all depends on a macro picture of the economy by itself. Will see what the stock market does first, but charts do show a local bottom being set for now. DISCLAMER: I am not a financial advisor so non of this should be taken as a financial advise. Be well.
by AVA37
4
$ENSG poised to go higher from here?Notes: * Very strong up trend on the weekly/monthly charts * Great earnings for the past few years * Basing for the past 19 months * Creating a cup and handle * Trying to break out of the handle * Strong resistance around the $85.4 area Technicals: Ticker: $ENSG Sector: Healthcare - Medical Care Facilities Relative Strength vs. Sector: 28.52 Relative Strength vs. SP500: 11.74 U/D Ratio: 1.15 Base Depth: 36.29% Distance from breakout buy point: -9.18% Volume 16.02% above its 15 day avg. Trade idea: * Not jumping into this just yet. * Waiting to see if it can stay above the $85.4 area and hold it as support.
NASDAQ:ENSGLong
by HaseebKhan_90
Should expect the big dump then accumulate XRPUSD ( Ripple ) is struggling around 0.5200 area of that very strong resistance zone. Should expect the big fall down back to the support zone area located 0.35-0.33 area.. the chart from 15min-1HR chart from a head and shoulder pattern in the symmetrical triangle, will cause a huge drop downtrend from that strong resistance zone. It’s good benefits for the bulls but now taking a water break along the strong to rework there strength. In order for Ripple to reach 1$ is to drop down the support zone and then skyrocket push up pass the 1$ zone. In order the bulls to take over is to break above 0.80 area.. staying under 0.80 is still on the bearish downtrend. Trade safe and let’s watch the drop and see bulls take off from 0.35-0.33 area !! Also the case from the court went very well and things are heating up ! Let me know the comments of your opinion and thank you also I know ripple will win over the court and will have a massive bull run.
BITSTAMP:XRPUSD
by JoyBoyVegae
8
KPITTECH is in retracement after Channel breakoutNSE:KPITTECH midcap broke out channel pattern on 2022-09-22 and is in retracement at channel resistance turned as support. Pros: Strong fundamentals and financials. Consistent revenue and profit growth. -ve net debt. Consistent dividend yield. Cons: Continuous reduction in FII and DII holding. High PE ratio. Price above Intrinsic value. Entry : Enter if price goes above recent high of 684 with strict SL. Key note : Always follow proper risk management to avoid losing capital from false breakouts as this is common. Caution : This is a knowledge sharing analysis, not a call. Profits are not made from following ideas, but by following Risk Management .
NSE:KPITTECH
by samplespaz