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NZDUSD > Possible Move and How to Trade!!Analysis of #NZDUSD
Hi traders, today we will have a look at #NZDUSD
The NZDUSD consolidates inside this beautiful wedge pattern, for consolidating patterns there are two ways to trade.
the aggressive way is to trade the inside of the pattern,
the conservative way is to wait for a confirmed break on either side, then enter with the direction of the break
I hope you guys found this helpful, if you are new here click on follow, to get these ideas delivered straight to your email inbox, I will see you guys at the next one
Thanks for your continued support!
S&P500 – TRADES | KW47 | INTRADAYIn today's post I present relevant marks of the S&P500 for the next week, which could support the one or the other, in their own analysis.
= since it is a very short-term time frame, I will not comment further.
= the technical analysis approaches, are shown in individual pictures in the contribution. So that an individual interpretation of the respective - standing alone - is possible.
= the title picture shows an example, of a possible trade. This is one of many possible setups, because the current course is not able to take a clear direction.
The following methods are used and shown in the following:
- SUPPLY&DEMAND ZONES
- FIBONACCI LEVEL
- POINTS OF INTEREST
- TREND LINES
SUPPLY & DEMAND ZONES
„4 hour + 1 day – time window“
„1 hour – time window“
„1-4 hour + 1 day – time window“
FIBONACCI LEVEL
„Intraday - time window“
„Day - time window“
POINTS OF INTEREST
„4 hour - time window“
TRENDLINES
„Intraday - time window“
„Day - time window“
RAW VERSION WITHOUT DRAWINGS
„4 hour - time window“
„1 hour - time window“
> Feel free to discuss this in the comments and share our perspectives, I'd be "burning" to hear your take on this.
If this idea and explanation has added value to you, I would be very happy to receive a review of it.
Thank you and happy trading!
Near Protocol Bump and Run Reversal BottomBINANCE:NEARUSDT
Hello Traders, Farid here. I have been trading stocks since 2017 and later got into crypto.
Neear Protocol price drop-off in early november followed the lead-in phase where prices moved in a narrow range during the rest of november. The bump was formed and then rounded upwards as prices left the bowl and moved higher breaking out of the trend line, moving higher on the uphill run to new higher highs. When the price broke out of the trendline and closed above it I got the confirmation that I was looking for and I am ready to open a long position here. I believe this is a low risk high reward setup as Near is one of the bottomed altcoins.
First TP $2 (there is strong volume and if we break this level then the next target is $3)
Second TP $3 (there is strong volume and if we break this level then the next target is $3.45)
Third TP $3.45 (my ultimate target is $3.45 which is the highest point in the pattern, if we break this levels then the next target would be $4.5)
Overall, Near is strong against Bitcoin and if there is a minor increase in bitcoin prices we could see 2-3x in Near prices.
Good luck and trade smart! (not a financial advice)
Please like and share if you like my idea.
GBPUSD H1 - Short Setup for CableGBPUSD H1 - Again, we can witness the downside market gap here since the eastern kicked off yesterday evening, this has since been filled during recent trade (London open). Hoping this bearish channel holds it's own so we can continue to trade what we were following last week, market open is usually rocky, and we prefer to trade once the NA session has started to overlap and settled.
GBPUSD H1 - Short SignalGBPUSD H1 - Nice close on the hourly here, spinning top to end the session, pace slowed down on this pair, following what we are hoping is the exhaustion of the correction following our break and retest play. Really hope this moves into some nice profit over the eastern and a continued dollar gain to end the week. I.e cable shorts.
$BABA how far will it drop$BABA overall indicates a bearish momentum on the daily chart. Though it has formed a downward wedge, it still has time to continue to fall before change of momentum to bullish. Question is, how far will it go before a turnaround to the upside. On Trendsi Indicators; Overall momentum is showing bearish, with red EMA (middle band), money momentum (white line) trading under with a sell signal. 3 indicators showing a bearish momentum. But we all know how the market can change up Ina blink of an eye. Will definitely monitor and keep you guys update.
DOGE 126.4% profit potential 20x longHello traders,
Here is a descending channel that is currently retesting the breakout as well as a strong support. 3 targets on the chart, I suggest covering your stop loss at the first target or moving your stop to even. Please DM me if you have any question regarding this trade. If you like futures leverage trades like this please leave a comment and let me know.
Have a green week!
SAVVY
🔸USDJPY: Plans for NY🔸
📉 Text marks:
🔹 IL = impulse leg. Inside of IL we can usually see inside structure, which is secondary in nature, like a market noise, unless you trade it on LTF, as it’s own IL.
🔹 ph, pl = protected high or low, which holds current structural impulse.
🔹 bos = break of structure . Based on candle body close below/above previous structural impulse.
🔹 rsz, rdz = refined supply and demand zones. Specific areas to look for LTF confirmations. They are manipulative up-moves before real down moves, or vice versa. Strong hands (the Composite Man, as Wyckoff called it) often come back to such zones to close their manipulative orders at breakeven, before pushing prices further. If body closes outside of the zone, in most cases it will mean the cancellation of the setup.
🔹 if ltf confirms = entry only if there's a shift of structure on lower TF inside of rsz or rdz, or any other type of backtested and approved confirmation.
🔹 liq target = liquidity target: next profit taking levels for strong hands, our main targets based on current price action.
☝️Disclaimer: ALL ideas here are for EDUCATIONAL and MARKETING purposes only, not a financial advice, NOT A SIGNAL. I share my view on the market and search for like-minded traders. YOUR TRADES ARE YOUR COMPLETE RESPONSIBILITY. Everything here should be treated as trading in a simulated environment.
👉I believe that "right or wrong" mentality is a fundamental flaw of any beginner. In reality, a trader is right only when he executes the system and follows his rules, and he's wrong only when he's taking random setups. A trader should find a system he's willing to work with long-term, hindsight test, backtest and then execute live, then refine until perfection.
🚀Thanks for your BOOSTS and support🚀
💬Send your comments and questions below, share your ideas and charts, I'll be glad to talk to you💬
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NIVIDIA - Long Trade Setup - Near Key Support, Watch For BounceHello Traders, here is a long trade idea for NIVIDIA.
The market is oversold and overdue for a bounce. Yes, there is the potential that price heads lower but with the DXY approaching resistance there is a strong probability that we will see a bounce in the market this week.
NIVIDIA is approaching a key support level at $119, this is an excellent entry for a long trade.
Take profit #1 is at $130
TP #2: $143
For a stop loss: Personally I typically average down in trades like this so please use whatever risk management strategies that you typically use that suits you.
After we bounce there will likely be a rather large sell off so make sure that you don't get trapped in the trade.
Thanks everyone and best of luck trading!
When The DXY Goes Down, The Broader Market Goes Up!Hello traders, here is a quick chart update for the DXY.
First, you have to understand that the broader market recently has been trading opposite of the DXY...
This means that:
- DXY Up = Broader Market Down
- DXY Down = Broader Market Up
This has been incredibly consistent for nearly the past year so it is an excellent predictor of the stock and crypto markets.
The DXY is at a pivotal point right now being as it has hit the top of its channel.
- This likely outcome is that the DXY will pullback into support, giving the broader market bulls the confidence to rally the market.
****So if the DXY pulls back, the market will rally****
Thanks everyone and best of luck trading!