Short-trading
EURUSD 2nd Jan 2023 Analysis EURUSD really looks stable in the coming days. What we have observed here is every single day it is trying and most of the times it has broken the previous days high. Following are some of the datas :-
* 20 Dec - DH 1.06588 , DL 1.05793
* 21 Dec - DH 1.06458, DL 1.05902
* 22 Dec - DH 1.06599, DL - 1.05774
*23 Dec - DH 1.06328, DL - 1.05733
* 26 Dec - DH 1.06348, DL - 1.05989
* 27 Dec - DH 1.06696, DL - 1.06114
* 28 Dec - DH 1.06747, DL - 1.06115
* 29 Dec - DH 1.06909, DL - 1.06067
* 30 Dec - DH 1.07134, DL - 1.06387
For 2nd Jan 2023 - below are some of the important levels :-
R 4 - 1.07051. S4 - 1.06178
R3 - 1.06834. S3 - 1.06399
R2 - 1.06758. S2- 1.06470
SPXHello everyone, I drew you my medium-term plan for SPX for 3-6 months, this week we saw a false takeaway, just like on bitcoin, which I wrote about earlier and warned you, the markets are not ready to start rising, we have not fallen to the bottom, you can see According to the reaction of people on Twitter, any growth of 5% on any active is perceived by society as a reversal, and this just means that people are still hoping for growth.
Remember, we never grow due to the belief in growth and never fall due to the belief in falling, the market always goes for liquidity.
I wish you a wonderful Sunday, write your ideas in the comments, I will be extremely interested in talking with you
GOLD Local Bearish Bias! Sell!
Hello,Traders!
GOLD is trading in an uptrend
And I think that the current
Resistance level will be broken
Eventually, however, the rising
Channel that was formed
Makes me somewhat locally
Bearish biased and I think
That IF a bearish breakout happens
Then the price will go down
Temporarily to retest the
Demand levels below
Sell!
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See other ideas below too!
Euraud looking to short pullbacksrejected the key R zone,looking to short on this cross
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The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
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Apple Decision time Apple has made a symmetrical triangle pattern showing current indecision. depending on market environment it'll either break down it break out. could fake out either way depending on macro but I believe apple will touch the trend line again at 120 and potentially even lower in a major crash event. obviously apple is a great long term hold and will be buying at 120-100 levels if it reaches there. what do you think?
My trade recap on $CRWD$CRWD
I had the stock on my watch list and it was my preferred stock to trade today, the idea was to take the stock as soon as it reached the support level created in the pre-market all the way to the support level I identified at $111.2 After my entry I saw that I can aggressively add volume if the stock breaks $113 because a small level has formed there (see the red line) and in addition, CRWD is very weak today.
Entry - $113.99
Add - $113.11
Stop - $115.4
Take profit - $111.21
My best trade this month, first of all, was because of the management of the trade and the way I thought during the trade together with the risk management and the timing of my exit point, and of course because of the money I was able to take from this trade.
USD/ZAR is breaking out of a critical channelOANDA:USDZAR is breaking out of a critical parallel channel
We have been short the Rand (i.e Long the USD/ZAR pair) since it broke out of the previous parallel channel, however the Rand is gaining strength against the dollar.
We closed the position once the rand hit the 1.618 fib extension target at R18.38/$.
We have switched to a long position on the ZAR due to the following (i.e short position on the USD/ZAR pair):
1) There are multiple bearish divergences that was flashing at the R18.38/$ target
2) We have now closed 5 daily candles below the 50day SMA
3) Rejection at the 1.618 Fib extension target
4) Daily close below the parallel channel that has been in place for a good portion of the 2022
Targets are as follows:
1) R16.8/$ - This is the strongest support and one should close majority of the trade at this target
2) R15.87/$
3) R15.2/$
Good luck
InvestMate|DAX correction on the way🥨DAX correction on the way.
🥨As in my last post I predicted a rise in the DAX idx this time it was time for a correction.
🥨After a month-long rise of equal to 14 from the bottom, can we speak of an imminent correction?
🥨By all means.
🥨The Dax has only made one major correction in its journey to the top, amounting to 78.6% of the first downward wave. After which it started its 3rd wave rally
🥨I believe that in this case a correction is inevitable and will happen sooner or later.
🥨Will it be tomorrow morning at the opening of the German stock market?
🥨Perhaps.
🥨I don't want to imply here that we have already exhausted maximum strength but whether with or without a new peak I expect some kind of significant correction on this index.
🥨In order to determine possible levels to which the price could descend, I have used a fibo wave measurement. First from bottom to top then I measured the biggest correction in the whole upward impulse and measured one to one.
🥨It showed me an interesting cluster of levels at 0.382 and 1:1 which falls in the price range between 12800 and 12731 and if the price would start heading south with the return of the negative sentiment a return to the designated zone becomes highly probable.
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