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GBPUSD LONG SETUP AFTER UK NEWSIn GBPUSD, we have a bearish setup with the price reaching the 1.3018 area, where we have a Forex48 block, which is a highly sensitive point for a price reversal and therefore an opportunity for a long entry. Additionally, we have an FVG (Fractal Vertical Gap) that, if confirmed on the M15+H1 timeframe, would provide an opportunity to enter long. In the first case, the Forex48 block is already validated, but I will wait for an entry at the 50% Fibonacci level of the block in question. Furthermore, I will wait for the entry during tomorrow's London session after the news if there are further confirmations. Greetings and happy trading to everyone from Nicola, CEO of Forex48 Trading Academy.
Long
by Forex48_TradingAcademy
GBPUSD LONG SETUP IN H1 - BIG US NEWSOn GBP/USD, we have a bullish setup in the weekly timeframe, with a very weak dollar and a strong pound following the economic news. Currently, we can observe a small price correction heading towards the 1.30 zone, which is rich in potential reaction points. In fact, we have a demand zone with a value gap and a Forex48 Block. At that point, upon confirmation, I will look for a long entry. It would be fantastic if you could share your opinion and leave a like to support our work. Greetings from Nicola, CEO of Forex48 Trading Academy.
Long
by Forex48_TradingAcademy
GBPCHF LONG SETUP H1 BEFORE GBP NEWSOn GBPCHF, we have a bearish setup with the price approaching the 1.1350 area where we have a breaker block, which represents a potential reversal zone for a long trade with a target at 1.1413, offering a 1:4 risk-reward ratio. Always remember to seek proper confirmations before entering a trade. It would be fantastic if you could share your opinion and leave a like to support our work. Greetings from Nicola, CEO of Forex48 Trading Academy.
Long
by Forex48_TradingAcademy
2
CVNA - Trending but volatileCVNA had broken out of its basing formation neckline (a region between $17- $20) on 8 Jun on huge volume. It hit a high of 28.52 on 16 June before pulling back to retest near the neckline @ 20, then rebounded again from there. IT's trend is in earlys stage yet with immediate suport @ 20. However be mindful that lower priced stocks tend to have huge volatility (both up and down). Hence it is important to position size accordingly or chose to exit if it pulls back beyond a certain % and wait for entry again once there are signs that the short term correction is over. Watch out for resistences on the way up around $42 and also around $53+. Also be careful around earning releases. Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is (probably the most) important! Take care and Good Luck!
NYSE:CVNA
by Juliac
The Power of Volume: Understanding Volume Analysis in TradingIn the dynamic world of financial markets, successful traders know that understanding volume analysis is crucial for making informed trading decisions. Volume, the number of shares or contracts traded during a given period, provides valuable insights into market dynamics and helps identify potential trends, reversals, and the strength of price movements. In this Educational article, we will explore the power of volume and its significance in trading, uncovering the key principles of volume analysis, practical strategies for incorporating it into your trading toolkit. 📊 The Basics of Volume Analysis 📊 Volume analysis is the study of trading activity represented by the volume of shares or contracts traded within a specified time frame. By analyzing volume alongside price movements, traders gain insights into market sentiment, liquidity, and the overall strength of a trend. Here are some fundamental concepts to consider: Volume and Price Relationship: Volume often accompanies significant price moves. When volume surges during an uptrend or downtrend, it suggests increased participation and conviction from market participants. Conversely, low volume during consolidations or indecisive periods can indicate a lack of interest or involvement. Volume Patterns: Patterns in volume can reveal important clues about market dynamics. For example, a gradual increase in volume during an uptrend may suggest a healthy and sustainable trend, while a sudden spike in volume near key support or resistance levels could signal potential reversals. 📊 Analyzing Volume in Different Market Scenarios 📊 Volume analysis can be applied across various market scenarios to gain insights into the underlying dynamics. Here are a few examples: Breakouts: When a stock or asset price breaks out of a key resistance level with high volume, it suggests strong buying interest and potential continuation of the uptrend. Reversals: A significant increase in volume accompanied by a sharp price reversal may indicate a trend exhaustion and potential reversal. Volume analysis helps validate potential reversal signals. Divergence: When the price is moving in one direction while volume is moving in the opposite direction, it can indicate a weakening trend. Divergences between volume and price can provide valuable early signals of trend reversals. Example: FINPIPE _ breakout with huge volume & reversal candle at retest (at support) of breakout with huge volume 📊 Integrating Volume Analysis into Your Trading Strategy 📊 To effectively incorporate volume analysis into your trading strategy, consider the following tips: Confirmation: Volume analysis can act as a confirmation tool for other technical indicators or chart patterns. For example, if a price breakout occurs with high volume, it confirms the strength of the breakout. Relative Volume: Compare current volume to historical averages to gauge the intensity of trading activity. Unusually high or low volume relative to average volume can highlight potential trading opportunities. Multiple Time Frames: Analyzing volume across different time frames can provide a broader perspective on market dynamics. Higher time frames can reveal long-term trends, while lower time frames offer insights into intraday trading activity. 📊 Volume Indicators 📊 To assist traders in analyzing volume effectively, several technical indicators have been developed. These indicators help visualize and interpret volume data in meaningful ways. Here are a few commonly used volume indicators: Volume: The most basic volume indicator, volume bars represent the volume traded during each price bar or candlestick. By comparing the height of volume bars across different periods, traders can identify anomalies or significant shifts in trading activity. Moving Average in volume indicator: Moving Average calculates the average volume over a specified period. It smoothens out volume data, making it easier to identify volume spikes. On-Balance Volume (OBV): OBV measures the cumulative volume by adding or subtracting the volume based on whether prices close higher or lower. It helps identify periods of accumulation or distribution and can provide early signals of trend reversals. Wave Volume Divergence: A unique addition to volume indicators, this indicator enhances volume analysis by providing wave volume divergence and cumulative volume information. Traders can utilize this indicator to identify potential divergences between volume and price, as well as observe the cumulative volume trends. If you found this article helpful, please give it a like and feel free to share your observations in the comments section. Your support and feedback are highly appreciated, as they keep me motivated to write consistently. Thank you for your support, likes, follows, and comments! For more articles and trade setups, don't forget to follow me on TradingView: in.tradingview.com Keep exploring the power of volume analysis, and remember: 🌟 "Success in trading comes to those who diligently study the market and adapt their strategies." 🌟 📊🚀📈 #TradingView #TechnicalAnalysis #VolumeAnalysis #MarketInsights
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