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Intel - (Much) Lower from here!NASDAQ:INTC is about to create such a massive higher timeframe candle - a drop is immanent! Within one month, a setup played out and we are back to beginning. During the past 30 days, Intel rejected the support towards the upside with a move of +25% and immediately reversed the entire move. The monthly candle will close so bearish, I do expect a break below the current short term support, followed by a retest of the multi-year long support area. Levels to watch: $30, $26 Keep your long term vision, Philip - BasicTrading
NASDAQ:INTCShort
by basictradingtv
14
Brace Yourself: Is Gold's Bearish Trend to Continue Next Week!?Key Levels: Resistance Levels: $2,480: Recent high, acting as a strong resistance level. $2,449.525: Previous high, another significant resistance level. Support Levels: $2,391.612 (4HR LQZ / TP 1): First significant support level and target point. $2,348.723 (Daily LQZ / TP 2): Second support level and target point. $2,289.000 (TP 3): Third support level and long-term target. Trend Analysis: The chart shows a clear descending movement from the recent highs, indicating a bearish trend. The price has broken down from a rising wedge pattern, which is typically a bearish signal. Indicators and Patterns: Rising Wedge: The price action formed a rising wedge, and the breakdown confirms the bearish trend. Price Action: The current price movement shows lower highs and lower lows, which aligns with the bearish trend. Volume: Consider monitoring the volume for further confirmation of the trend. High volume on down moves indicates stronger bearish sentiment. Strategy: Short Positions: Traders might look for shorting opportunities at resistance levels or breakdown retests. Target Points: The support levels ($2,391.612, $2,348.723, and $2,289.000) serve as potential target points for short positions. Stop Loss: Place stop-loss orders above the recent highs to manage risk. Conclusion: The technical breakdown of XAUUSD indicates a bearish trend continuation. With the price breaking down from a rising wedge and confirming lower highs and lower lows, traders should consider short positions, targeting the support levels mentioned. Keep an eye on the volume and price action for further confirmation and manage risk with appropriate stop-loss levels.
OANDA:XAUUSDShort
by Adlercon333
Weekly trade planning sessionHi Traders, this is another episode of charts247 weekly trade planning session. We believe in trade planning because it helps us identify high-probability forex pairs that we should trade during the week. Below are the indexes based on the 4HR wave structure. DXY: Bullish Reversal (+ve) EXY: Bearish Continuation (-ve) AXY: Reversal (-ve) SXY: Bullish Pullback (+ve) JXY: Bullish Pullback (+ve) BXY: Bullish Pullback (+ve) CXY: Bearish Continuation (-ve) ZXY: Reversal (-ve) ------------------------- BUY PAIRS: USDCAD, AUDCAD, GBPCAD, SELL PAIRS: EURUSD, CADJPY, EURGBP, EURAUD
by Charts247TradingAcademy
Intel - What is going on?Hello Traders and Investors, today I will take a look at Intel Corporation. -------- Explanation of my video analysis: In April of 2022 we saw a major break towards the downside on Intel stock which was then followed by more bearish continuation of roughly -65%. Then Intel retested a multi year long structure and created a pretty decent bullish reversal and a strong (short covering rally). At the moment Intel just rejected previous structure and is now in a massively bearish market soit is best to just wait for this volatility to calm down. -------- Keep your long term vision, Philip (BasicTrading)
NASDAQ:INTCLong
by basictradingtv
18
GBPJPY - Rising Channel Into Structure Resistance The GBPJPY has been bouncing back & forth between structure with the most recent move being one back into a level of previous structure resistance. At this level we also have a rising channel along with our RSI going overbought 7 showing bearish divergence. Targets are taken using a combination of price action analysis, & Fibonacci tools. If you have any questions, comments or want to share your views & analysis on this pair. please do so below Also. remember to hit that like button & show so love before you leave. Best of luck this trading week. - Akil
Short
by Akil_Stokes
2
EURUSD Trade Recap 11th August 2023Breakeven taken on EURUSD last Friday, very happy with the management. Full explanation in the recap. 🧠Emotional Log --- **Pre-Trade** I understand all the confluences within my thesis, I accept this risk as I know if it is a loss I clearly understand exactly why I took to the trade. My stop is protected and if price takes me out there is a chance it is forming something else anyway. Do not be greedy, but also do not hesitate. These are the trades I must allow myself to take. **During Trade** My stop is protected, allow price to do its thing. My entry is valid, and I understand structure over candlesticks. I utilised the timeframes as best I could, working from the 1H structure filtering down to the 15M without jumping in. Do not choke the trade, mini 90% rule is in play so let price do its thing. **Post-Trade** I understand that price created a mini scoop for a much sharper entry, however, how can we guarantee this will always happen. My entry was valid, and stop was protected, I understood the 90% rule kicking in and managed risk accordingly to price action on the 1H. Nothing more I could have done in this situation and capital was protected.
by JordanWillson
USDJPY Trade Recap 19th July 2023How am I feeling pre-trade? I am feeling confident in my mind, I forecasted the risk entry and not allowed little things to put me off the trade. Normally I would be saying things like ‘its gone past the hook’, ‘there needs to be a nice retrace or pin bar’ but ultimately it has all of the ingredients to sell. Ascending channel, meets AT hook with a 1H retrace candle. I am happy I did not allow these past issues to overcome my decision, this is also helping with my entry criteria and structure over candlesticks.
by JordanWillson
EURAUD I Short opportunity explained 150 + pipsWelcome back! Let me know your thoughts in the comments! ** EURAUD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Short
by BKTradingAcademy
4
GBPUSD I Trading strategy and technical overview 🔥Welcome back! Let me know your thoughts in the comments! ** GBPUSD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Long
by BKTradingAcademy
21