Trend
Gold Melt?No need to try and catch a falling knife, Looking to continue with the trend as the DXY continues to close long on the weekly.
XAUUSDXAUUSD: the correction phase can end right here . I want to short Gold with 1% risk.
NOTIC: we have FOMC today.
NZDCAD - Strong Resistance Ahead 💪Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
As per my last analysis (attached on the chart), we were looking for buy setups around the lower purple circle as it is the intersection of a horizontal support and lower red trendline.
Since then, NZDCAD has been trading higher and now approaching the upper trendline of the channel.
Moreover, the 0.825 is a strong resistance.
🏹 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 NZDCAD approaches the upper 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
NZDUSDNZDUSD: This is the correction trade it can hit the sl for one time . if you are risk taker copy this with 1% risk .
NOTIC: Its correction trade . it mean counter trend .
GBPCHF: Could August's GDP move the pair up? (or down)Hello traders,
Those who, depending on their ongoing risk, are ready to take some more risks, could open it here and don't wait for a trend line break.
Sentiment data is showing that retail sellers are slightly leaving the market, it may be a sign of next big upward move!
AUDUSDAUDUSD: The correction phase can ends here! I want to sell AUD with 1% risk , remember use sell stop order to find best price .
NOTIC: Use 1% risk and Do Not set aggressive position . use pending .
GILD Short This trade has multiple patterns on M15, and it is with the trend. All timeframes are overbought and have divergence, this trade should be able to fall to the bottom and maybe even more as it is hitting the H4 moving average and has the strength to fall especially with the news regarding Isreal as of now.
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
🔥 TSLA safe swing at demand zone and trend (max dip 2nd TL)I normally don't swing anything in a choppy market, especially with a giant head and shoulders signal on the daily NASDAQ:QQQ AMEX:SPY charts:
However, the NASDAQ:TSLA chart shows two potential trendline supports forming. Both are valid trends. The blue one is a bit more recent, so the price will react here, possibly to 260/ 278.
In the event that NASDAQ:TSLA shows some weakness, get ready to #buythedip @ the white TL. That's super strong support and would be a 3rd touch bounce.
Targets 260 and 278 at first.
Of course, I day-trade NASDAQ:TSLA NASDAQ:AMD NASDAQ:NVDA everyday, welcome to follow and see what I post.
Stay tuned for more fire content.
The Euro Dollar**Welcome, first I want to personally thank you for taking you time to read what I am about to share with you. These ideas I am publishing come from my view of the market as any other trade influencer out there. It's important to understand that as humans, we possess the possibility of sharing information, and are known to adapt to correct feedbacks of information and disregard what we perceive as being false/wrong information. I want to begin with this fact. The market is designed for neither of you or me to be right or wrong. The market is designed to move money from one source to another. That's all. There is nothing more to that fact. Understand this fact at it is vital for this publication.**
The Euro Dollar has been on a downtrend, 4H chart, since July 13. Although many attempts have been seen throughout the last couple of weeks of bullish pressure entering the market in an attempt to rebound prices. They, unfortunately, have failed. This is obvious. Without looking at indicators, take a shot at the 4H chart on the EUR USD. What do you see? The correct answer is what I just have mentioned. Now, this is nothing I have made up or predicted, however, everyone in the whole wide world who has access to a 4H chart can clear as day see this downtrend (As suppose you are right now). But this downtrend is subject to reversal! I know some of you may be thinking just that, however, and hear me out. How certain are you that the price will reverse just because an indicator is advising you it will? Are you sure you are using the indicator in a correctness. Well, for starts, an indicator can only provide you information on what others are doing, and not where the market is actually going.
Yeah I know, it sucks. Well its the truth. I'm not saying use or don't use them, I'm just advising you of the fact, just like you can see the downtrend on the 4H. And the fact is that INDICATORS CAN NOT show you where the market is going. If they did, well... they'd all work. Period.
What I can tell you is, is that the market itself is telling you what its doing. The market is going down, bottom, low, whatever you want to call it but its doing this ( \ ) not ( / ). Those are suppose to be trend lines, I know terrible. Anyhow, the MARKET is telling you what to do. Its telling you hey bud I'm going down, whether you like it or not, its going DOWN! Now it may choose to go up tomorrow, or in the next couple of weeks, and that's cool and all because good traders would at that point cut their losses and follow the trend upwards, assuming they haven't opened a YOLO 100X margin trade on a $300 account.
See. Its really that simple. Market tells you its going down, you go with it, obviously protecting yourself from when it decides to go back up and vice versa. I hope you found this simple idea with meaning, because honestly, the markets are that simple. You can only BUY or SELL, don't over complicate that fact as a retail trader.
Good Luck
HAPPY HUNTING
GBPUSDGBPUSD: with 1% or less try to sell GBP right here . if you use sell stop order you will find the best price to short.
NOTIC: mange your risk at NFP report time!
Important Ranges for 6th October 2023Nasdaq Futures are range-bound. We have a Non-Farm payroll report coming in tomorrow. My bias is on the upside for tomorrow. Lets see what happens. Either ways we have to be ready for both sides which ever way the markets digest the data. Do not trade for the first hour for tomorrow since it will be volatile.
Gold Potential DownsidesHey Traders, in today's trading session we are monitoring XAUUSD for a selling opportunity around 1830 zone, Gold is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1830 support and resistance area.
Trade safe, Joe.
EURUSD: Theory of daily movement: Trading RangeHello
Considering the movements, I think today's movements are suffering
Today, our movement scenarios are a bit too much. But the move I expect for the #EURUSD today:
Let's have a temporary bullish move first, if it reaches my desired point, I'll look to sell at that point
If it's against my opinion and I see a drop, I try not to trade unless the price reaches the area I specified on the floor.
AUDJPYThe Australian Dollar (AUD) against the Japanese Yen (JPY) is an exciting pair for its relation to risk. The pair is often among one of the most highly correlated pairs to price action in US equities on a short to medium term basis. The pair generally tends to rise in a low risk environment on carry flows while the opposite is true when we see a 'risk-off' approach in the markets.
