Get started

Trade

DoorDash, Inc. (DASH) Trade IdeaDASH is approaching a critical breakout point at $132. The recommended trading strategy includes exiting 25% at T1 ($137) with the stop loss moved to breakeven, exiting 50% at T2 ($143) with the stop loss moved to T1, and exiting the remaining 25% at T3 ($150). The stop loss is initially set at $124 to limit potential downside. It is important to monitor the volume closely for confirmation of a breakout above $132, as increased volume could signify a stronger breakout move.
NASDAQ:DASH
by TraderhrTrading
AUD/USD Weakens Toward 0.6745 and Rising USDThe AUD/USD pair is losing further ground, trading around 0.6745 during the early European session on Tuesday. The Australian Dollar is under pressure due to a widening Current Account deficit in the second quarter, which has dampened sentiment. This economic backdrop, coupled with a modest uptick in the US Dollar and a broader decline in risk appetite, is weighing on the pair. Market Focus Shifts to US Economic Data As the market shifts its focus to upcoming top-tier US economic data, the AUD/USD pair is likely to remain volatile. Investors are closely watching these releases for further clues on the direction of the US Dollar, which has been showing signs of strength. Technical Analysis: Bearish Signals Align From a technical perspective, the AUD/USD pair has recently rebounded from a key Supply area, suggesting that the upward momentum may be stalling. The Commitment of Traders (COT) report adds another layer to the bearish outlook, showing that retail traders are predominantly bullish on the AUD, a contrarian signal that often suggests potential downside. Additionally, the presence of divergence and a seasonal bearish pattern further supports the case for continued weakness in the AUD/USD pair. These factors combined indicate that the pair may continue to struggle in the near term. Trading Strategy: Scalping with a 1:1 Risk-Reward Ratio Given the current market conditions and the technical setup, a scalp entry with a 1:1 risk-reward ratio could be a prudent approach. While the ideal entry point higher up may have been missed, the ongoing bearish signals provide an opportunity for a short-term trade. Traders looking to capitalize on the continued weakness of the AUD/USD pair might consider this strategy, especially as the pair hovers near key support levels. Conclusion: Bearish Outlook Amid Economic and Technical Headwinds The AUD/USD pair faces several headwinds, including a widening Australian Current Account deficit, a stronger US Dollar, and unfavorable technical signals. As the pair continues to lose ground, traders should remain cautious and look for opportunities to capitalize on the bearish trend, particularly in light of upcoming US economic data that could further influence the pair’s direction. ✅ Please share your thoughts about AUD/USD in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
Short
by FOREXN1
3
Gold Analysis September 9☘️Fundamental Analysis Gold prices witnessed an intraday reversal from an all-time high and fell below the psychological $2,500 level after the release of key US monthly employment data on Friday. The mixed US employment report reduced the chances of the Federal Reserve (Fed) cutting interest rates by 50 basis points, which prompted some cover in the US dollar (USD) prices and weighed on the precious metal. That said, concerns about a US recession dampened investors’ appetite for riskier assets and acted as a driver for safe-haven Gold prices. Additionally, the lack of progress in ceasefire talks between Israel and Hamas became another factor supporting XAU/USD during the Asian session on Monday. This warrants caution for bearish traders amid the prospect of an impending Fed rate cut cycle. ☘️Technical Analysis Gold is below the 2500 round port level, in fact this port area is no longer strong enough to push gold prices lower. The area of ​​interest in today's European session is around the 2507 Fibonacci 0.5 retracement zone and the 2512 Fibonacci final extension zone. These are two areas of interest for a SELL plan. When 2512 is broken, the downtrend on Friday is reversed. The main candle h4 is broken and ATH comes early this week, the expected level is 255x. The 2331 area is no longer valuable when gold pushes up. In the opposite direction, the 2470-2460 2433 area plays an important support role. 🌸Trading signal SELL zone 2505 - 2507 Stoploss 2511 BUY zone 2484 - 2482 Stoploss 2479 BUY zone 2473 - 2471. Stoploss 2467
OANDA:XAUUSD
by TVS-Trader
EURUSD week 37 analysis🌐Fundamental Analysis EUR/USD gave up intraday gains and slipped below 1.1100 after hitting a fresh weekly high of 1.1150 during Friday's North American session. The broad currency pair's gains were offset by a solid recovery in the US Dollar (USD). The US Dollar Index (DXY), which tracks the greenback against six major currencies, rose to near 101.40 after reversing intraday losses. Signs of slowing labour demand have fuelled market expectations that the Federal Reserve (Fed) could start cutting interest rates aggressively. The ECB is widely expected to cut interest rates again at its September meeting. The central bank started the policy easing process in June but left its key lending rate unchanged in July. In the final quarter of the year, traders remained divided on whether the ECB would cut at its November or December meeting, or both. 📊Technical Analysis The bounce and high of 1.115 has created a new bearish channel for EURUSD. On the 4-hour time frame, the two EMAs have come together, indicating that the bullish momentum is not as strong as last week and that a trend reversal is in order. The narrow price range that the pair formed last week at 1.113 and 1.101 is widening as a break from the narrow range could see the pair reach last month's high around 1.119 and on the upside, the support at 1.095 will keep the pair in the long-term bullish channel. Support: 1.101-1.095 Resistance: 1.115-1.119 🕯Trading Signals SELL EURUSD zone 1.119-1.121 Stoploss 1.123 BUY EURUSD zone 1.095-1.093 Stoploss 1.091
by TVS-Trader
GBPUSD week 37 analysis🌐Fundamental Analysis GBPUSD fell sharply after hitting a fresh weekly high above the 1.3200 round-figure resistance against the US Dollar (USD) during Friday's North American session. The GBP/USD pair fell as the US Dollar rebounded strongly following the US (US) Non-Farm Payrolls (NFP) data for August. The US Dollar Index (DXY), which tracks the value of the Greenback against six major currencies, recovered strongly to near 101.40 after falling to near 100.60. The short-term outlook for the British currency remains upbeat recently as investors expect the BoE's policy easing cycle to be shallower than that of other central banks. The main reason behind the strong speculation of a gradual BoE easing cycle is that the economy is performing better than previously expected and the fact that inflation in the services sector remains high. In the UK economic calendar next week, investors will focus on the Employment data for the quarter ending in July and the monthly Gross Domestic Product (GDP) data for July. Both of these figures could be key to determining what the BoE will decide to do with interest rates when it meets later this month. 📊Technical Analysis The NFP pullback is approaching the 1.308 support zone. The uptrend is still strong with a possible retracement to the 1.0 Fibonacci around the 1.301 zone to bounce back to wave 5 and complete the bullish wave pattern. 1.334 would be a nice Fibonacci resistance zone where we can look at the reaction to execute the SELL signals. In the opposite direction, the Dow breakout of wave 1 formed a strong support level around 1.288. The EMA 34 is gradually decreasing in slope compared to the EMA 89, showing that the market structure is leaning towards the upside but not as strong as last week. Support: 1.301-1.299 Resistance: 1.322- 1.334 🕯Trading Signals BUY GBPUSD: 1.301-1.299 Stoploss 1.297 BUY GBPUSD: 1.288-1.286 Stoploss 1.284 SELL GBPUSD 1.334-1.336 Stoploss 1.338
by TVS-Trader
NZD/CHF Long and EUR/NZD ShortNZD/CHF Long Minimum entry requirements: • Tap into area of value. • 1H impulse up above area of interest. • If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it. EUR/NZD Short Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of value. • If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it. NZD/CHF Long Long Minimum entry requirements: • 1H impulse up above area of interest. • If tight 5 min continuation follows, reduced risk entry on the break of it. • If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it. AUD/NZD Short Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of value. • If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it.
by StewySongs
Premium Long Trade Setup: DUSKUSDTToday, I’m excited to share our premium long trade setup for DUSKUSDT. Let’s start by focusing on the critical $1.45 support level, where we observed a clean rejection of the 161.8% Fibonacci support. This rejection is a strong positive signal, indicating a potential trend reversal for DUSK. Currently, we see the completion of a 5-wave move to the upside, which confirms that this rally is not merely an ABC correction. With the 5-wave structure complete, it’s logical to anticipate an ABC correction to the downside. We’ve strategically placed our buy limit order at $0.2211, offering a robust 1:3 risk-reward opportunity. Additionally, we’ve set three upside targets. Upon reaching the first target, we plan to secure 50% of the profit and simultaneously eliminate the trade’s risk. This approach allows us to manage the trade with confidence, knowing that we’re in a strong position for potential gains. Let’s monitor this setup together and enjoy the process. Happy trading!
Long
by CryptoPAMM
AUD/CAD Long, EUR/USD Short and EUR/NZD ShortAUD/CAD Long Minimum entry requirements: • Tap into area of value. • 1H impulse up above area of value. • If tight 5 min continuation follows, reduced risk entry on the break of it. • If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it. EUR/USD Short Minimum entry requirements: • If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it. EUR/NZD Short Minimum entry requirements: • Tap into area of value. • 1H impulse up above area of value. • If tight 5 min continuation follows, reduced risk entry on the break of it. • If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it.
by StewySongs
GBPUSD analysis week 36 🌐Fundamental Analysis The British Pound (GBP) extended its two-day losing streak and hit a fresh intraday low below 1.3150 against the US Dollar (USD) in the North American session on Friday. The GBP/USD pair failed to gain as the US Dollar strengthened following the release of weaker-than-expected US Personal Consumption Expenditures (PCE) Price Index data for July. The US Dollar Index (DXY), which tracks the value of the Greenback against six major currencies, surged above 101.50. The impact of PCE inflation data is traditionally high as it is the Federal Reserve’s preferred inflation measure for making interest rate decisions. This time, the impact of core inflation data is expected to remain limited to market speculation on the Fed’s rate cut path this year. Currently, financial market participants expect that the Fed will almost certainly start cutting interest rates in September. However, signs of rigidity in price pressures from PCE inflation data have reduced bets supporting the Fed to start a strong policy easing cycle. 📊Technical analysis As analyzed last week, GBPUSD has retreated when it reached a strong resistance zone. The retreat may continue next week to attract buyers to push the price up further. In fact, GBPUSD is in a strong uptrend. On the D1 time frame, the EMA 34 is sloping up sharply compared to the EMA 89, indicating that the market structure is leaning towards the upside, the retreat is only pushing the price up in the near future. The nearest trading range is around 1,300-1,327. These are two strong resistance and support zones and also the price range where investors can enter orders. With a perfect retracement it is possible to push the price to the old peak around 1.342 and the strongest retracement is supported at 1.284. Resistance: 1.327-1.342 Support: 1.300-1.284 🕯Trading Signals SELL GBPUSD zone 1.327-1.329 Stoploss 1.331 BUY GBPUSD zone 1.300-1.298 Stoploss 1.296
by TVS-Trader