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Sellzone

Potential Retracement Week AheadThe overall setup for EURUSD leans towards a Weaker Bullish stance. However, given the impact of Friday's NFP Candle, I anticipate a series of correction moves in the upcoming week. Therefore, I'll be ready to execute whichever trading strategy emerges. Potential Strategies: Daily Chart - Bearish Flag Pattern: The Potential Bearish Flag Pattern is nearing the sell zone. You can opt to wait for candlestick confirmation, possibly during Tuesday or Wednesday's opening. Alternatively, consider heading to lower timeframes to await a double tops setup before entering a short position. Support Retest - 1-hourly Chart: Trend traders might want to keep an eye on the market's retest of the support level on the 1-hourly chart, signaling a potential buying opportunity. Now, the crucial question: Which side of the chart aligns with your trading strategy? I'm eager to hear your perspective. Please share your insights below!
Short
by RaynLim
NZDUSD Short Trade Setup A short trade opportunity recently presented itself on the kiwi-dollar trading chart 📉. This is indicated by the bearish engulfing candlestick 🕯️ pattern just on the 0.60210 horizontal resistance level. This indicates a false breakout (fakeout) of the same level, with potential price move in the downward 👇 ⬇️ direction. Sufficient downward momentum should see price dumping towards the 0.59000 psychological level and possibly testing the strength of the 0.58590 horizontal support level. As always, please apply appropriate risk management. Happy trading!
Short
by charles-okoukoni
1
Cashing In on Gold: Time to Go Short on XAUUSDHello everyone! We are currently eyeing a potential short opportunity on XAU/USD Here's why: Fresh Supply Zone: We've identified a fresh supply zone that has recently been tested. This area often presents a strong resistance level, making it a favorable point for a short position. Fibonacci Level 50%: The 50% Fibonacci retracement level aligns with our target zone, adding confluence to our trade setup. Fibonacci levels are widely watched by traders and can act as key support or resistance areas. Nominated Order Block: The presence of a nominated order block suggests a concentration of orders in the vicinity of our target level. This can act as a significant obstacle for price movement, making it a compelling area to consider for a short trade. Keep a close eye on this XAU/USD setup, and be ready to execute your trading strategy when the conditions align. Remember to manage your risk and implement proper risk management techniques to protect your capital. Happy trading!
OANDA:XAUUSDShort
by KarolinaKanova
Aggressive shorting opportunityI am looking at a shorting opportunity on the GBPUSD. Based on the 4-hourly chart, I am waiting for a magic candle to form up at 1.2368 for a shorting opportunity. My initial stop-loss is at 1.2454 (-86pips) or 860usd. At this moment, my projected target is at 1.2234 (+134pips) or 1,340usd/lot. Alternatively, you can wait for candlestick confirmation at 1.2405. The entry price is 37pips later, with the same stop-loss and target profit level. Your initial risk is now (-49pips) or -490usd/lot and target profit is now (+171) or 1,710usd/lot. As you can see from this real-life example, it is better to miss a trade than to engage in a trade you shouldn't have. I believe this investment opportunity has great potential for profit.
Short
by RaynLim
GCAD MASSIVE SELL Floating @ 1:17 RRR and CountingHey guys what is up, so gcad may be preparing to turn and go back up, I am closely monitoring it today as I do believe it is due for not just a big pullback or correction but I also feel like that most recent low (support) needs to be validated Let me explain why I think so - If everytime a trader buys support that support is broken..don't you think eventually that trader will get smart and stop buying support? This is my reasoning I believe it is a mind game the dealer is going to play here. Continue to allow traders to believe that support still is very much a thing - keep them on the ferris wheel if you will That being said worse case scenario for me I will close the trade around a 1:14 RRR there about which in my opinion is still worlds better than what the average trader aims to take home (1:3) We need to remember we cannot win every single trade so due to that what I like to do is when I am winning a trade see how long I can allow it to continue winning for This not only allows me to have a bigger buffer for when I inevitably lose but it allows me trade from a much more peaceful place as once you are in a winning trade you really just need to manage your stop loss (the work is done) Have a great day guys :)
Short
by Brandon_evo4
HDFC Sell * All the information shared in this chart is provided for strictly educational purposes only. * This chart is sharing information are based on the theory of technical analysis . * This is not an offer to buy or sell stocks, futures , options, commodity, forex, interests or any other trading security. * Back test yourself before jump into live market consult your financial adviser and use proper risk management. ------------------------------------------ SMC selling area ------------------------------------------ ____________________________________________________________ Visit Us for more details Trading_Cafe24 Thank you :)
NSE:HDFCBANKShort
by Trading_Cafe24
3
EURUSD Bearish Outlook Still IntactFundamental: No high impact news release coming out in the next 20hrs for The Euro And The USD. Investors staying hopeful on the United States Dollar after Jerome Powell's speech last week at the Jackson Hole Symposium. Further, increases interest rate for the euro might be bad for businesses at the moment due to inflation.... maybe Technical: Mild resistance around 1.0824 but should hold long as 15 mins 200 EMA should act as a strong support for buyers. I'll be looking the resistance around 1.0852. The 1 hrs 200 EMA also stays as resistance at this point. The Dollar Index (DXY) should also rise and break above 104.44.
Short
by Forex_Sentralytic
Polkadot - key levels - investmentI think $4.585 is a perfect long-term buy zone. Dot has a monthly rangetrend that supports the upward move and some levels. 1st target - would be in the area of ​​monthly resistance at the price of $7.42 - almost 60% profit. 2nd target - would be in the area of ​​weekly resistance at the price of $8.54 - almost 85% profit. If the Polkadot price never reaches this weekly support, you can buy at $5.55 for 30-40% of your budget, and if the price drops to $4.585 , you can buy the rest.
Long
by Tonic_A
Tricky Times, I'm Counter-Trend Now!💲 Despite my Dollar Bias, all eyes are on US Secretary Treasure, Ms. Janet Yellen's upcoming speech in Bloomberg. Analyzing her insights could confirm the dollar's bullishness for the year ahead. 📈 On the Daily Chart (right), there's an outside bar on the support line. Patient traders await one more day's candlestick before deciding their next move. 📉 If you're determined to short USDJPY, keep an eye on the 1-hourly chart (left) at 138.89, as long as the market stays within the sell zone. It's worth considering. 📈 On the other hand, if you're bullish, pay attention to the key level at 138.21 for a potential head and shoulders pattern, indicating a buying opportunity. ⚖️ If you're torn between shorting and buying, observe how the market behaves at 138.21. A violation confirms your short, while no violation means a tough decision awaits.
Short
by RaynLim