XAUUSD pullback to $1640Gold price retraces up to after a brief jump from the monthly low $1622, as it dropped during early Thursday morning in Europe. Covid updates from China offered intermediate bounce for XAUUSD. A recovery needs validation from a two-week-long resistance line, close to $1643 to get short-term buyers. One week-old descending trend line offers immediate support near $1618. We expect Gold to retrace up to $1640 before further movement to the downside.
Trendanalyisis
Head and Shoulders Pattern On Natural GasHere we have a textbook Head and Shoulders Pattern after a strong uptrend on natural gas.
The volatility between the head and the kneckline was 19% so we used this as our main take profit area.
At first it seemed too much of a price move however 4 weeks later not only did we get past the 19% take profit area, price went down further to 26%.
This was a big trade to take, the entry for this set up is below: entering on the break and retest of the pattern. Using the rally candle for the signal to enter was key also.
Also had a 2nd opportunity to enter the downtrend and this was the continuation pattern = symmetrical triangle (if located in a downtrend then the chances are that breakout will be to the downside
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BTC/USD - 15m - Swing Trading Analysis published on 10/14/2022Moon to Earth … it’s Cosmo 😃 again and I developed a brand new technical indicator for Swing Trading - the "STI".
USE INSTRUCTIONS:
- Wait for New Up or Down Trend. You may set two alerts accordingly (Alerts: "STI", New Up Trend or New Down Trend, Once Per Bar Close, Open-ended if you have TV premium).
- Do NOT enter any trade yet!
- In Up Trend wait for Down Crossover of Price with Signal Line I for Long Trade (Alert: Underlying, Crossing Down, "STI", Signal Line I, Once Per Bar, Open-ended if you have TV premium), or
- In Down Trend wait for Up Crossover of Price with Signal Line II for Short Trade (Alert: Underlying, Crossing Up, "STI", Signal Line II, Once Per Bar, Open-ended if you have TV premium).
- Set Stop Loss for Trade at Stop Loss Line I for Long Position or at Stop Loss Line II for Short Position. IMPORTANT: This must be done at Trade Inception or at least use Line Values from the Time you entered the Trade (as the Lines are repainting)!
- Set Take Profit at two Times the Risk.
- Wait for Price to hit either Take Profit, Stop Loss, OR occurrence of a Trend Change (Alert: "STI", Trend Change, Once Per Bar Close, Open-ended if you have TV premium). Close Trade.
- If your Trade hit Take Profit you may wait for the next crossing of Price with the applicable Signal Line and enter a new Trade.
NOTE: The Risk of Trend Exhaustion increases over time and a Trend Reversal will be more likely the longer the current Trend persists. Please use appropriate Risk Management and Trade Size to avoid any bigger losses.
Enjoy !!!
Not Financial Advice ... Use at Own Risk.
If you have any questions, contact MoonrakerCrypto.
Thanks and happy trading everyone!
Is last week's Gold rally over?Gold saw some bullish momentum last week. It moved higher to $1675 on Friday but the sellers came back and pushed Gold lower, back to opening price near $1660.
Gold and Silver have lost the safe haven status and turned into normal trading assets. Xauusd has lost around $450 since then or around 25% of its value and sellers are in control. Retraces higher have ended up in vain and sellers continue to push lower.
The commodity holding above $1660 can target longer term Fibonacci and 200 week moving average resistance near $1680. Closing below $1650 it would target first support at $1640 and a break lower for $1632/$1630.
We consider selling Gold on a retracement higher at $1680-$1690 short term resistance area.
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BTC/USD - 15m - Swing Trading Analysis published on 10/05/2022Moon to Earth … BREAKING NEWS: I developed a brand new technical indicator for Swing Trading !!! It's called Swing Trading Indicator "STI".
From NOW ON I will post lots of analysis and updates ... so pls follow and pls check back frequently ...
It’s Cosmo 😃 again, so let's get started: Summary of the Analysis for BTC /USD (15 Minutes time frame)
Trends: Short Term - Bearish & Long Term – Bearish
Crypto Screener™ – 1 week frame – (by TradingView) Rating: SELL
Technical Indicators – 1 week frame – (by TradingView & intotheblock): SELL
- Summary: 11 Bearish ; 10 Neutral & 3 Bullish --> SELL
- Oscillators: 0 Bearish ; 9 Neutral & 2 Bullish --> BUY
- Moving Averages: 11 Bearish ; 1 Neutral & 1 Bullish --> STRONG SELL
AI (Artificial Intelligence) by CENTRALCHARTS: SELL
Multi Timeframe Analysis:
- 1h (1 hour frame): positive
- 4h (4 hours frame): neutral
- D (1 day frame): negative
- 7d (last 7 days): negative
My Opinion: SELL - Bearisch under USD 22,812
Support @ USD 18,432
Signal Force (0-10): 8 = strong force
Pls like and follow for updates and more analysis using this awesome Swing Trading Indicator ("STI") for 15m and higher Charts with Alerts for Long, Short, Stop Loss/ Take Profit Levels and Trend Changes.
USE INSTRUCTIONS:
- Wait for New Up or Down Trend. You may set two alerts accordingly (Alerts: "STI", New Up Trend or New Down Trend, Once Per Bar Close, Open-ended if you have TV premium).
- Do NOT enter any trade yet!
- In Up Trend wait for Down Crossover of Price with Signal Line I for Long Trade (Alert: Underlying, Crossing Down, "STI", Signal Line I, Once Per Bar, Open-ended if you have TV premium), or
- In Down Trend wait for Up Crossover of Price with Signal Line II for Short Trade (Alert: Underlying, Crossing Up, "STI", Signal Line II, Once Per Bar, Open-ended if you have TV premium).
- Set Stop Loss for Trade at Stop Loss Line I for Long Position or at Stop Loss Line II for Short Position. IMPORTANT: This must be done at Trade Inception or at least use Line Values from the Time you entered the Trade (as the Lines are repainting)!
- Set Take Profit at two Times the Risk.
- Wait for Price to hit either Take Profit, Stop Loss, OR occurrence of a Trend Change (Alert: "STI", Trend Change, Once Per Bar Close, Open-ended if you have TV premium). Close Trade.
- If your Trade hit Take Profit you may wait for the next crossing of Price with the applicable Signal Line and enter a new Trade.
NOTE: The Risk of Trend Exhaustion increases over time and a Trend Reversal will be more likely the longer the current Trend persists. Please use appropriate Risk Management and Trade Size to avoid any bigger losses.
Enjoy !!!
Not Financial Advice ... Use at Own Risk.
If you have any questions, contact MoonrakerCrypto.
Thanks and happy trading everyone!
BTC/USD - 15m - Swing Trading Analysis published on 10/05/2022Moon to Earth … BREAKING NEWS: I developed a brand new technical indicator for Swing Trading !!! It's called Swing Trading Indicator "STI".
From NOW ON I will post lots of analysis and updates ... so pls follow and pls check back frequently ...
It’s Cosmo 😃 again, so let's get started: Summary of the Analysis for BTC /USD (15 Minutes time frame)
Trends: Short Term - Bearish & Long Term – Bearish
Crypto Screener™ – 1 week frame – (by TradingView) Rating: SELL
Technical Indicators – 1 week frame – (by TradingView & intotheblock): SELL
- Summary: 11 Bearish ; 10 Neutral & 3 Bullish --> SELL
- Oscillators: 0 Bearish ; 9 Neutral & 2 Bullish --> BUY
- Moving Averages: 11 Bearish ; 1 Neutral & 1 Bullish --> STRONG SELL
AI (Artificial Intelligence) by CENTRALCHARTS: SELL
Multi Timeframe Analysis:
- 1h (1 hour frame): positive
- 4h (4 hours frame): neutral
- D (1 day frame): negative
- 7d (last 7 days): negative
My Opinion: SELL - Bearisch under USD 22,812
Support @ USD 18,432
Signal Force (0-10): 8 = strong force
Pls like and follow for updates and more analysis using this awesome Swing Trading Indicator ("STI") for 15m and higher Charts with Alerts for Long, Short, Stop Loss/ Take Profit Levels and Trend Changes.
USE INSTRUCTIONS:
- Wait for New Up or Down Trend. You may set two alerts accordingly (Alerts: "STI", New Up Trend or New Down Trend, Once Per Bar Close, Open-ended if you have TV premium).
- Do NOT enter any trade yet!
- In Up Trend wait for Down Crossover of Price with Signal Line I for Long Trade (Alert: Underlying, Crossing Down, "STI", Signal Line I, Once Per Bar, Open-ended if you have TV premium), or
- In Down Trend wait for Up Crossover of Price with Signal Line II for Short Trade (Alert: Underlying, Crossing Up, "STI", Signal Line II, Once Per Bar, Open-ended if you have TV premium).
- Set Stop Loss for Trade at Stop Loss Line I for Long Position or at Stop Loss Line II for Short Position. IMPORTANT: This must be done at Trade Inception or at least use Line Values from the Time you entered the Trade (as the Lines are repainting)!
- Set Take Profit at two Times the Risk.
- Wait for Price to hit either Take Profit, Stop Loss, OR occurrence of a Trend Change (Alert: "STI", Trend Change, Once Per Bar Close, Open-ended if you have TV premium). Close Trade.
- If your Trade hit Take Profit you may wait for the next crossing of Price with the applicable Signal Line and enter a new Trade.
NOTE: The Risk of Trend Exhaustion increases over time and a Trend Reversal will be more likely the longer the current Trend persists. Please use appropriate Risk Management and Trade Size to avoid any bigger losses.
Enjoy !!!
Not Financial Advice ... Use at Own Risk.
If you have any questions, contact MoonrakerCrypto.
Thanks and happy trading everyone!
IMPORTANT TO MOVE STOPS!! AUDUSD UPDATE (IN PROFIT)!This one playing out exactly as explained earlier as well as the other USD pairs I was looking at. I didn't take entry's on all pairs cause that would be exposing my account to to much risk from the same currency (USD). Price has now pushed down between consolidation range so I expect the support of 0.64500 to be tapped at the least (taking 30% profit on position), from there I expect a reaction but hoping to see this level break and create a new leg down..(long term). RISK MANAGMENT comes before anything!! Good luck traders hopefully everyone's having a good week so far!!
INDENTIFYING TRENDS LONG/SHORT TERM!!Just wanted to share a little insight into identifying trends and positioning yourself in the market for minimising risk and maximising profit! Its import to identify trends both short and long term to understand which direction price is heading and possibly reversal points. Top down analysis mixed with key levels and trend patterns is how I look at the market without getting to technical, and candle formations from these areas is where I look at entering positions.. everyone has there own trading style and this is just what works for me, I don't like to over complicate it with a million indicators, trendlines etc. I recommend finding a strategy that works for you and sticking to it, there are a heap of different ways to trade...
GBPCAD / SELL ZONE! CONTINUED SHORTSNot a lot happening across the board in terms of getting into new positions, this is one of the only ones I'm looking at taking a position on. GBPCAD if we see a rejection around 1.48000 ill be taking shorts to hopefully catch the continuation move to push towards last weeks lows.
USDJPY Outlook - 3rd Target AchievedWhat a move it has been for USDJPY!!!! I had anticipated the market-makers to push the price to 147.000. They managed to push to 145.900 just past my 145.000 zone. Then they WILDLY drove the price down to my last TP at 140.800!!!! This is what happens in the markets all the time!!!!
All positions are currently closed. Profits have been raked in!!! I'm waiting for another awesome opportunity to jump in!!!! What a spot on analysis it has been.
Trading psychology, risk management and patience are critical.
The Proper Perspective on InflationAs any true trader knows, the inflation rate DID NOT GO UP 8.3%. That is what some retail news outlets claimed "year-over-year," which is plain misinformation. The retail news was designed to trigger a panic dump among the less informed last week.
FACT: The rise in inflation started in late 2020, not this year.
FACT: The rise in 2021 went to 7%. But the news seldom mentioned it last year. Nope, it was all about vaccines and Covid, etc.
The inflation rate went down. It has been trending downward at a sustainable rate. Anyone who thought it would be lower was not paying attention. There is a 3-month decline, and it is due to falling oil prices which were constantly boosted upward during August by the big banks trying to move more investors into buying oil stocks. So, with fluctuating prices of oil between 80 - 92, there was NO WAY inflation would tick down to 8.1%.
In August of 2021, inflation had already risen to 5.3%. Now in 2022, it has dropped to 8.3% from the peak of 9.1% in June. So it's 3 points higher than a year ago, obviously not 8.3 points higher.
During the pandemic of 2020, the news about the Federal Reserve Board was all lathered up about deflation, that deflation was about to happen, and the world was coming to an end!!!! Sigh. Some people just have to have bad news to feel good, I guess.
Oil and the war in Ukraine, which appears to be settling down with the Ukrainians taking back what is rightly their country, has lowered oil prices from $125 to 80-90, fluctuating regularly. Oil needs to drop to 70-80 for inflation to move down more.
Slow improvement is how it is going to be. To assume inflation would just drop back to 2% is irrational and illogical.
What is an ideal rate? For an expanding economy: around 4-5%.
See that red arrow? That should be the goal. It probably is not, but it should be. Inflation lower than that indicates a sluggish economy with a lack of raises for the workforce. When inflation is not in the economy, corporations use buybacks to boost their stock prices, which creates fake rallies.
EOSUSDT LONG (2HRS SCALP)Enter the trade after a bull candle bar closes above the line (enter trade), set your stop loss on the line (SL) and take profit using the line (TP1, TP2) or you can adjust your stop loss to take more profit. Thank you.
Note:
1. Do not enter trade if the Candlestick crosses the line, enter only if it closes above, and the next Candlestick is a Bull bar.
2. Remember your risk management or risk ratio, to avoid blowing your account.
3. Wishing you a safe trade.
BALKRISIND - Price Action Analysis Since sept 2021 , NSE:BALKRISIND has changed the price action and started to making lower lows.
So to find more opportunity, we have to understand and take a look from higher TF.
Weekly TF(Higher timeframe) -
As in weekly TF, a bullish trend started from March 2020 has been stopped somewhere in Sept 2021 and trend has shifted.
In between , A rising wedge has been created and after confined break down of Wedge its clearly followed the down trend.
So question is Where we can buy or sell ? well that answer is in daily time frame.
Daily TF -
So we have already witnessed of Rising wedge Breakdown , and volume has also reformed during the breakdown . Price again creates Lower lows and supply zone has been created at 2194 -2240 (approx. 50 point).
BUY Opportunity :
There is a Demand Zone at 1780 -1720 . if price sustains above this zone and stopped making Lower lows that where you can go with the long with small risk.
SELL Opportunity :
if price again reject from define Supply zone then you can get opportunity at sell side as well.
NOTE : Make sure you follow the price action before you entering in any position.
In Conclusion , My observation still at the down side because there is no clear direction of bullishness in weekly TF , if price comes at demand zone at mention level in the chart, there would be higher chances of Reversal so till now you can take action base on price.
If you have a different opinion, please share your thoughts in the comment section. If you like my ideas, please show some appreciation with a like and follow me for more such trade ideas. Happy and safe trading! :)
TSLA still in Bullish structureNot a very fun Monday for investors. yet we experienced a much needed correction if the idea is to reach resistance on the dynamic trend line @1036.
The main question after todays close is are buyers willing to cary this across 950?
TSLA could have gone in Free fall after 851 but buyers stepped in even if hesitantly.
Consider that you did not see a Lower Low.
I would expect a fake out to the downside premarket and a retest of the $950 mark.
We will see what tomorrow brings.
Stay profitable