GBPUSD Longer Term ShortAs per the video the pound has been in decline over the past years so am looking for longer term shorts. On the weekly price action looks toppy and there's a good risk reward potential for entering short now looking for a retracement to 50% or even further. Whether it will ever reach parity or simply bottom out and climb remains to be seen in the future.
TERM
NSE:Relaxo 👟👠👢 can it walk or run..
Relaxo Footwears Limited manufactures and sells footwear for men, women, and kids in India and internationally. It offers casual, running, athleisure, walking, formal, sports, school, and training and gym shoes. The company also provides slippers, sandals, flip flops, slides, chappals, casuals, belles, and clogs. In addition, it offers footwear accessories. The company provides its products under the Relaxo, Bahamas, Flite, Sparx, BOSTON, and Mary Jane brands. It sells its products through 394 exclusive brand outlets; and e-commerce portals. Relaxo Footwears Limited was founded in 1976 and is based in New Delhi, India.
The Royal Trapping of Retailers - Pre-warnedOn Dec 20 - almost 10+ sectors in Nifty faced their individual resistances together - which " Triggered " a coordinated sell-off.
I once again say the word - Trigger because FIIs and DIIs just kick started a sell-off and Retailer investors fell into the trap when they saw all their stocks across sectors started falling together. Just panic selling. At the end of the day FIIs and DIIs bought all the stocks resulting in Net +3000 crore of Buy activity despite major fall across all sectors
I wrote a 8-part article already about this on same day. Additionally I Pre-warned on Dec 31 that similar situation is expected to happen on Jan 1st week as 6 out of 13 sectors are meeting their long term resistances together.
Today - it came to Life. Another big round of sell-off across many sectors but net activity of FIIs and DIIs are both on BUY side. So who got fooled ? Who got trapped Royally?? It's us the Retail investors who once again don't have the perseverance, the technical knowledge of charts , the conviction on their own portfolio falling prey to Panic Selling.
We need to " Learn to Ride the Tide irrespective of its Side "
Thats the moto of our group - Stocks-n-Trends
Team Stocks-n-Trends
Another long-term downtrend broken?Here is another stock potentially breaking out of a long-term downtrend/basing pattern. I tried to put the trend line where there were the most hits so that it would be more accurate, but that resulted in some false breakouts in the past and, as a result, this could prove to be a false breakout or that the trend line isn't even accurate and there was no breakout. But the potential breakout occurred on strong volume, which is a good sign. Based on the assumption that a long-term downtrend has indeed been broken, I like this stock long-term. I don't like to set price targets, but rather set a stop loss and keep increasing it if a stock continues to rise. If this ends up proving to be a false breakout, or not even a breakout at all as I've stated my trend line might not be good, a break below long-term support of about $4 would be a very bad sign, but also potentially very good at shaking out the last of the weak hands. Think about it, if you had the ability and really wanted to shake out the weak hands, you would manipulate a false breakout here followed by a big shakeout below previous long-term support where you could buy at dirt cheap prices and then take the stock up for the move everyone thought would initially happen.
This is not advice, just a very simple observation of a long-term chart pattern, decide for yourself and if you decide to trade this move, do so at your own risk. I'm a long-term investor, so I like to trade on longer-term moves and therefore and willing to take more risk - it wouldn't bother me if this stock had a shakeout following this potential breakout, but for short-term traders it would probably be too much to risk going through something like that, or their tighter stops would be taken out before the stock really gets going. I'm good with that as it adds long-term strength and more potential movement long-term.
EURUSD : Post Brexit Shock. Reaching Parity with $$EURO is doing huge bear flag and might break down on longer cycle.
We are in corrective structure making flag making D wave. Apparently, given more chaos and currency price wars we can slid down to a parity as 1$ -1euro. though we have chance to bounce back and make E and then drop down.
For Near Short term, it might make flag after that break of trendline before hitting the bottom for completing D.
I would suggest you to ride the waves and bounces.
Enjoy the trading.
ps. arrows shown in the chart has no specific value, it just shows the direction of waves. Please calculate your own entry prices and strategy for the trade based on your a/c and risk management.
BTC short-term is going to drop from $42700 to $40k.We are in a bull market and through Dec 2023 clear a, b, c correction is being made.
Wave a and b are clearly done.
Wave c looks like a textbook ending diagonal pattern with waves 1, 2, 3, 4 already done and now we are in the middle of wave 5.
The drop won't stop until price reaches $40k level.
It's a good trade with a very high likelihood of success and amazing risk to reward.
$42700 is a good place to short with a stoploss at $43900 (above wave 4) and take profit $40k.
BTC bullish for now then Tankagejust speculating. i've nailed this cross of fib channels before where the white cross literally acted as bottom target like a magnet and this seemed to line up nicely. but didn't publish till i realized we never retested the 2017-2018 high around 13.9k on a monthly we just blew past it and it happen to line up perfect so i'm putting in the possibility realm. plus i feel a max pain scenario in markets and crypto coming where we are begging for regulation. the Luna test run went well.
HOW-TO apply an indicator that is only available upon request?Recently, I've realized that my typical day involves constant encounters with indicators. For example, when the alarm clock rings, it's an indicator that it's morning and time to get up. I am checking the phone and once again paying attention to the indicators: battery charge and network signal level. I figure out in just one second that such a complex element of the phone as the battery is 100% charged and the signal from the cell towers is good enough.
Then I’m going out on a busy street, and it's only because of the traffic light indicator that I can safely cross the road to reach the parking lot. Looking at the on-board computer of my car, with its many indicators, I know that all the components of this complicated mechanism are working properly, and I can start driving.
Now, imagine what would happen if none of this existed. I would have to act blindly, relying on luck: hoping that I would wake up on time, that the phone would work today, that car drivers would let me cross the road, and that my own car would not suddenly stop because it ran out of gas.
We can say that indicators help to explain complex processes or phenomena in simple and understandable language. I think they will always be in demand in today's complex world, where we deal with a huge flow of information that cannot be perceived without simplifications.
If we talk about the financial market, it's all about constant data, data, data. Add in the element of randomness and everything becomes totally messed up.
To create indicators that simplify the analysis of financial information, the TradingView platform uses its own programming language — Pine Script . With this language, you can describe not only unique indicators, but also strategies — meaning algorithms for opening and closing positions.
All these tools are grouped together under the term "script" . Just like a trade or educational idea, a script can also be published. After this, it will be available to other users. The published script can be:
1. Visible in the list of community scripts with unrestricted access. Simply find the script by its name and add it to the chart.
2. Visible in the list of community scripts, but access is by invitation only. You'll need to find the script by its name and request access from its author.
3. Not visible in the list of community scripts, but accessible via a link. To add such a script to a chart, you need to have the link.
4. Not visible in the list of community scripts; access is by invitation only. You'll need both a link to the script and permission for access obtained from its author.
If you have added to your favorites a script that requires permission from the author, you'll only be able to start using the indicators after the author includes you in the script's user list. Without this, you will get an error message every time you add an indicator to the chart. In this case, contact the author to learn how to gain access. Instructions on how to contact the author are located after the script's description and highlighted within a frame. There you will also find the 'Add to favorite indicators' button.
The access can be valid until a certain date or indefinitely. If the author has granted access, you will be able to add the script to the chart.
Preparing For The RBNZ Interest Rate DecisionWith the upcoming interest rate announcement from the RBNZ, NZDUSD traders remain steady and not making any crazy moves yet. The expectation is for the decision to be without any fireworks and to come out neither with a hike, nor a cut. The rate is forecasted to remain at +5.50%. If so, we might not experience huge moves in NZD during the release, unless the press conference, which will follow an hour after, has something in it that could spook or excite NZD traders.
The technical picture shows that NZDUSD continues to grind higher, while running above a couple of tentative trendlines, where the shortest one is drawn from the low of November 17th. At the time of writing, the pair remains below a key resistance are, which is roughly between the 0.6086 and 0.6092 levels. The latter one is the current highest point of November. In order to shift our attention to some higher zones, a break of that resistance areas is required. Until then, we will stay cautiously bullish.
If that break happens, this will confirm a forthcoming higher high, possibly setting the stage for further advances. We will then aim for the 0.6121 hurdle, or even the 0.6132 level, marked by the high of August 4th.
Alternatively, a break of the aforementioned short-term upside line and a drop below the 0.6061 zone, marked by the current lowest point of today, may spark temporary interest in the eyes of the bears. NZDUSD could then drift to the 0.6035 obstacle, a break of which might open the way towards the psychological 0.6000 zone.
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Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. easyMarkets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Bearish Idesa for USDCADwe see that after the price exits the current liquidity area, a slight false breakout may appear as a liquidity sweep in the 1.272 area (1.35700 - 1.35710). then after the price fails at this level it is very likely that the price will retest the 1.38000 area, which is a fairly good sell area.
(Gold) What does the Bullish Future Hold?What does the bullish future hold for gold in the upcoming months? Will Gold just continue to go higher and higher due to inflation or will Gold have 1 last good pullback before we see Gold taking off 🚀 🚀 🚀...
Scenario 1: Gold will continue to push higher and test resistance's and supports while having slight pullbacks throughout its run.
OR
Scenario 2: Is a good size pullback in the near future for Gold, and when it does have the pullback does happen it will create a new buying opportunity for investors to stake up on gold before it explodes in value.
(Either Scenario that happens Gold is still extremely bullish and would recommend all investors/traders to buy physical gold to maintain and grow your wealth against Inflation of the US Dollar...)
BITCOIN can rally to $170K if it repeats 2018-21 historyHere we looked back at the bars pattern from 2018 to the beginning of 2021 and replicated it at April 2022 (the BLUE pattern).
We can see a clear similarity in the bars' pattern from April 2022 to January 2023 which makes us believe that the price will repeat history.
We are presently in a Concentration Zone where the price is predicted to BREAKOUT bearish at the start of February 2023 and rally as low as 8.5k.
The price would then come back bullish and rally as high as 170k and hit new ATH.
Bitcoin looks bullish in the long run !!!
Let me know if you agree!
This is an analysis. Not financial advice.
ASX:DMP - Dominos 🍕 retrace to EMA21 Nice entry point? Hi folk, I am sharing my four analysis to DMP , unfortunately ,other charts were removed by Tradingview due to some violation from my side
However, this video analysis will help to analysis the stock chart
Love to hear in comments box below
Disc: No buy or sell recon, DYOR, Invested in very lower level, added another trance with strict Monthly closing basis Stop loss rule
BTC - The party has just Started 🎊📹Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 Here is a detailed update top-down analysis for #BTC.
Which scenario do you think is more likely to happen? and Why?
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
All Strategies Are Good; If Managed Properly!
~Rich
BTCUSD and the new wave to 30Kthe king of crypto will start the wave up soon and the target as its in the chart 30K
i think BTCUSD finish the down move before the end if this year and even if there is more down will not be lower this 11 to 13K
the buy started since the JUN ,the blue area is the end as i expect
And that makes me think of two possibilities :
The first
that we have finished the bearish wave in June
The second
we are on the verge of the end and we will achieve 22000 and then return to point B the start the up move
please let me know what you think about it
Creating MillionairesWell, some would call me crazy. But that's my long term view:
TQQQ made 200x since inception in February 2010 until his top in November 2021.
Now, in my opinion, we are in the middle of a Bear Market.
My expectation is that this Bear Market will last till December 22 until June 23.
After that the next Bull market should start.
My expectation for the Nasdaq 100 is to trade around 47.500 Points after this 10 Year Bull Market, which would take the TQQQ to around 1000.
This would equal a 100x from the Bear Market lows, which I expect around 10.
Of course no one can predict the future but I would also be happy with just 50x in 10 Years :D
And I really think that this is a possible scenario.
So here is my plan:
in December 2022 i will start investing all of my money into TQQQ.
For the next 5 years i will put everything into TQQQ too.
AND finally in 2034 I'm hopefully a multimillionaire.
See you guys in 2034 :D
(not a financial advise)
MATIC.USD (SHORT-TERM)Hello friends.
How are you today?
It's the second analysis that I publish today.
Many users asked me to talk about Matic for Short-Term
So I decided to talk about that briefly.
I use Gann Fan and Ichimoko and the time frame is Weekly.
According to the data, the price still respects the Gann Fan's line. It looks nice.
Also, I use ichimoko too.
Based on Ichimoku the price is below the Tenken-sen and Kijun-sen, the future cloud is still bearish and the Chiko span is below the Candles.we had a negative swsitch between tenkensen and Kijunsen. It means we are still in a bearish trend. and the time shows us about 2-3 weeks later, the price will touch the purple line (1/3)
Also, the price action tells us the first support zone could rescue the price against more drops. As a result, I expect that the price will drop to 0.42 USD first and if this support zone could not prevent more dropping, we should see the price in the second support zone.
But in the long-term, I expect more dropping, minimum to second support zone.
So, we have to be patient and see what will happen…
Please don’t forget to write your comments ✍️✍️ Like 👍👍 and Share 👌👌 this Vision with your friends.
Have a good day
Ho3ein.mnD
CHFJPY - Looking For Sell Setups ↘️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
CHFJPY has been overall bearish trading inside the falling broadening wedge pattern in red, and it is currently approaching the upper trendline.
Moreover, the zone 164.5 is a resistance zone.
🏹 So the highlighted purple circle is a strong area to look for sell setups as it is the intersection of the blue resistance and upper red trendline.
As per my trading style:
As CHFJPY approaches the purple circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
🧠Short-Term EURUSD Sentiment🔥
According to the latest currency news headlines, short-term sentiment towards the Euro appears slightly downbeat against the US Dollar. While both economies face inflationary headwinds, recent data surprises have painted a relatively weaker picture for the Eurozone bloc.
German industrial orders came in lower than forecast in the latest monthly report, underscoring the challenges manufacturers continue to face from high energy costs and supply chain disruptions. Additionally, French GDP growth slowed more than anticipated in Q3, raising concerns that the second largest Eurozone economy may be slowing.
Comments from ECB officials at regional central bank conferences this week reiterated the bank's commitment to further tightening of monetary policy in the coming months. However, they maintained a cautious stance, stressing that future rate decisions will depend heavily on incoming economic data. This leaves the policy path somewhat uncertain compared to the more hawkish Fed.
In contrast, US jobless claims came in above expectations last week, pointing to underlying resilience in the labor market. This boosted views that the Federal Reserve remains on track to deliver another supersized 75 basis point rate hike at its November meeting. Fed speakers struck a firm tone that inflation must be cooled through forceful rate actions.
Looking at Eurusd technicals, downside momentum has held above 1.0300 for now. However, near-term rallies continue facing resistance below 1.0500 on cautious short-term sentiment. The outlook could brighten if upcoming Eurozone data surprises higher or there are signs inflation is moderating more quickly than expected. But for now, traders appear to favor positioning for dollar strength on a short-term basis.
Technical key aspects of the short term trend and best entry/exit strategy based on the analysis provided in the TradingView charts:
- The short term trend of EURUSD across the timeframes analyzed (weekly to 4H) remains bearish. Price action has been declining within descending resistance lines and channels.
- Best entry for short trades was suggested to be after a bounce from resistance levels or pullbacks from oversold/oversold levels on indicators like the BB bands. This reduces risk of entering at highs.
- Given volatility in currency pairs, optimal stop loss placement would be above recent swing highs or structural resistance levels, around 20-30 pips above entry to limit downside risk.
- Initial profit targets were identified as lower support levels, around 50-100 pips below entry. This provides a favorable risk-reward ratio of at least 1:2.
- Additional extended profit targets aligned with longer term analysis include monthly or weekly demand zones and support levels offered by structural patterns like descending channels over 100-200 pips lower.
- Traders are advised to exit parts of their position at initial targets and move stops to breakeven on the rest, as well as trail stops closer as the trade moves in their favor, to lock in profits and limit risks of unexpected reversals.