EURUSD: during the last stage of price dropThe price literally repeated the path that it traveled from December to January, only now in the opposite direction. At the beginning of December, it started to grow from the level of 1.192, then it corrected at 1.207, after - 1.215. And as a result, at the beginning of January it reached a maximum of 1.232. Then it began to fall, fixing everything at the same levels. Recently the price has broken through the level of 1.207. However, one should not expect that the fall will be as rapid and sharp as the growth in December. The price has already turned into a correction. However, after the correction, it will return to the level of 1.192. We wait.
Remember, there is no place for luck in trading - only strategy!
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Sellsignals
EURJPY: what will be the price movement after the correction?The main price movement for the last two months has been between the levels 126.7 and 125.0. At the same time, there were two false breakouts of the upper level, which formed another price zone 127.4, but so far we are not interested in it.
Correction level 125.9 was formed within this interval. The price just reached it and started to rise. It will rise to the level of 126.7 and then continue to fall to the level of 125.0.
Remember, there is no place for luck in trading - only strategy!
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AUDCAD FALL from strong RESISTANCE lineThe price came to the resistance line at 0.986 and even tried to break it, but the breakout turned out to be false. Which is not surprising, since this is a strong resistance line that appeared back in 2019. And, as we remember, the last time the price touched it - and this happened in July 2020 at 0.967 - it collapsed.
During the fall, the price then came to the point 0.925, where it used local support and returned to growth. During the growth, it was able to consistently break through the 0.961 support level, the 0.966 line, and now it made a false breakout of the 0.986 resistance line.
However, I am convinced that after a false breakout, the price will fall again. This is indicated by both a strong resistance line, and a long rise that cannot continue for too long without pullbacks, and a false breakout itself.
Therefore, now I expect the price to start falling and come to the support line of 0.972.
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EURUSD SIGNAL to SELLThe price continues to move above the historically strong resistance level.
As mentioned last time, it rallied from the zone and secured itself on the support line in the area of 1.209. And now it has come to the resistance line 1.217.
This resistance line has existed on the chart since July and during these six months the price has touched it more than five times but has never been able to break through.
Therefore, I still don't expect the price to rise above the line.
It is important to keep in mind that after months the price moves in an uneven uptrend. At the end of November, it was able to break through a very strong support level at point 1.196 - the last time this level was broken out in 2018. Both the level itself and the nearest line give the price good support.
However, now I expect the price to start falling from the resistance line and fall into the support zone around the level and line.
And this is a great reason to open a sale trade. I never tire of reminding you of the importance of SL - set it around 1.222. This will help if the price corrects to the line.
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GOLD next step FALLING - we open SELL TRADEYesterday we talked about the fact that gold will move in two stages. And the first of them - namely, the price rise to the resistance line has just passed.
As you can see on the chart after a strong upside momentum from the support line that happened in August, Gold is in a long downtrend.
The price movement in the thread is caused by two rather strong support and resistance lines. Recently, the price was able to break through the support line, but having dropped to the strong zone - the level and the line - rose again. This gave the price a good impetus for growth, so right now we can see that it approached a strong resistance line and touched it at the point 1867.36.
It is important to note that over the past four months the price was able to break this line only once. And this breakdown occurs during the election period in the USA - that is, this is not a typical situation for the price. Therefore, even now there is no reason to expect that the price will be able to break through this line and break the trend.
Therefore, I expect the price to fall from this resistance line back to the support line around 1801.72, where the support level is.
And this is a good position to open a sell trade.
I will never tire of reminding you of the importance of SL - set it just above the resistance line 1889.62.
Traders, if you liked this idea or have your opinion on it, write in the comments. I will be glad👩💻
GOLD Two TRADE: 1 - buy. 2 - SALETwo lines are especially important on the Gold chart now: resistance and support.
The resistance line was broken only once in early November during the US elections.
The price also broke through the support line, but it turned out to be a false breakout. The fall after the breakout was stopped by a strong support line, which has been forming since 2019.
And after the breakout, the Price went up again and returned to the zone between the lines.
Now I expect the price to continue to rise and come to the resistance line 1863.87. This will be the first part of our goal. If you wish, you can open a buy signal during this movement.
And then from the resistance line, I wait for the price to fall and open a sell trade. I never tire of reminding you of the importance of SL! In this case, it will be quite small for us, set it in the area of 1876.78 above the resistance line.
We are looking for TP at the level of 1804.33.
Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad👩💻
NZDUSD open a SELL TRADEFrom the beginning of November, we could observe a fairly confident rise in the price during which it was able to break through several support lines at once. The growth was accompanied by small pullbacks, but in general it was quite strong.
Based on experience, we can say that such a steady growth cannot be truly long and the price will begin to fall. It can be seen that this is already happening. The price reversed downward a little before reaching the strong resistance line.
The resistance line is very strong - 2015 education. A situation often occurs on a chart when the price reverses without even touching it. Now, over the course of a month, we have seen a prolonged rise in prices with minor corrections. The last pullback happened just at the beginning of last week and I doubt that now the price will be able to rise much.
I expect it to fall to the support line around 0.698. And this is a good position to open a sell trade
I will never tire of reminding you of the importance of SL - set it above the price with the calculation of the ratio to TP at least 1/2. Around the position - 0.711, where the maximum of the previous growth is.
Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad👩💻
CADJPY open a SELL TRADE from resistanceSince June 2020, the price has been moving in a Wedge pattern between tapering support and resistance lines. At the same time, the price movement is quite sweeping.
This is particularly influenced by the resistance line. The price had no more than three touches of this line and after each of them there was a collapse.
Not far from this line, a small resistance-support zone has also formed in the "body" of the pattern, which is regularly touched by the price. Right now, it is just at the upper border of this 80.3 zone - where it rallied after a slight pullback. So now I expect the price to come to the resistance line from this zone.
And then it collapses - as you can see on the chart, this has happened more than once. Therefore, our algorithm of actions is as follows: we wait until the price rises to the resistance line approximately to point 81.1. And then we open a sell deal!
I will never tire of reminding you of the importance of SL - set it above the resistance line in case of a correction around 81.9.
Traders, if you liked this idea or have your opinion on it, write in the comments. I will be glad👩💻
EURUSD good position to open SELL TRADEThe price continues to form the movement that we expect from the beginning of this week:
First, it fell from the resistance level, bringing us 50 profit along with a sell signal.
Then it turned around in a small correction and touched the resistance level again.
The next step in the price should be a fall Since a small breakdown by the candlestick's shadow and a return beyond the resistance level indicates that the price will not have enough strength to continue growing.
I expect it to fall to the support line. And this is a great entry point to open a sell trade. I never tire of reminding you of the importance of SL - set it above the resistance level around 1.219.
The price target is the support line, and the TP is at about 1.172.
Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad👩💻
GOLD open SELL TRADEThe movement of Gold in the Wedge pattern continues to form a figure.
We know that in this case - price fluctuations are getting smaller, it literally stabilizes between two closely spaced and intersecting support and resistance lines.
Recently, the price just came to the resistance line. And in the last forecast I said that it will start to fall - we can see the beginning of a downtrend on today's chart.
I use a smaller timeframe for clarity, so that the downward price movement is more noticeable.
And so: contact with the resistance line, the beginning of the fall and the completion of the formation of the figure. Together, this gives us a good signal to open a sell trade!
TP - I am waiting on the support line, where in my opinion the price will fall. Don't forget about SL - set slightly above the resistance line to protect yourself if the price suddenly starts to rise.
Traders, if you liked this idea or have your opinion on it, write in the comments. I will be glad👩💻
GOLD continues to FALL. Start SELLGold continues to fall.
But before we talk about the performance of this Monday, I want to remind you of how the situation with the formation of the price of gold developed over the past week. Let's remember the last 4 predictions that came true.
October 27 - finished shaping the shape.
October 28 - went beyond the channel and we predicted a strong downward movement.
October 29 - continued to fall and we adjusted the idea.
October 30 that the price has left a small upward channel, in which it has been moving during the last month. It has broken through two resistance lines and will fall.
In August, the price broke through a strong resistance line and fell very seriously. And on the chart, we see that recently the price reached this line again and broke it again. And fell again.
In this situation, I assume that the price will continue to fall towards the support zone. In this case, this can serve as a signal to open a trade to sell.
Keeping in mind the US elections on November 3, be careful with your trade this week. Don't forget to work with SL! In this case, it is located above the resistance line.
Traders, if you liked this idea or have your opinion on it, write in the comments. I will be glad👩💻
ADAUSDT - Elliottwave analysis - dump it down on small bounceWelcome guys,
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ADAUSDT - It is in (B) wave as wxy correction up and y is in progress as abc. so wait for it to be finish and sell it with stops above 0.1143 for target zone near 0.0975 zone. The (A) wave was leading diagonal so (C) wave might extend the losses. The price drop will confirm below 0.10500 level.
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INFRATEL (NSE) - Sell set up - Elliott wave analysisInfratel - It is in very choppy within 4 hr time frame with down sloping price action and under-perforing the Nifty since long. So it is good sell candidate in small bounce of B wave for C down within ABC zigzag cycle. It may even extend the losses for bigger (Y) wave down, but need more confirmation. sell near 188-86 zone with stop loss above 195.05 for target zone below 174 or lower.
ZECUSD - Sell set up - EW analysisWelcome guys,
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ZECUSD - It has completed in choppy up trend, where it completed one down cycle as impulse wave A and correcting in wave B. Dump it down near 73- 73.80 zone, with stops above 76.15 for target below 66 or lower. This is simple ABC correction trade set up. Keep the eye on B wave price movement, which should be choppy (not sharp up) for the trade to unfold in favor.
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The market is showing an inclination to go bearish this morning!I see that market has given a good bearish signal with a significant volume that is superior to its previous volume, but i also see an support zone at 3198 that the price should break before taking off downward. When the price breaks the support line, you should definitely sell the market.
NASDAQThe time has come for the Nasdaq to begin the dump, looks like there will be some blood on Monday & Tuesday, S&P 500 is already testing the 50 & close to testing the 100 , 200 ema so NASDAQ will likely follow suit, and there should be a dead cat bounce off the ema B4 a larger correction starts to play out.
TR: $38 Short Target for Candy!First off, please don't take anything I say seriously or as financial advice. As always, this is on opinion basis. That being said, let us get into my opinion. TR currently has more sell calls, but lots of analyst are still bullish on its price correlation. It is one of these stable growing stocks. However, a small bearish correlation looks imminent. That is why I would suggesting setting a sell target for $38, and maybe reinvesting in the dip if you could.