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Wave Analysis

NZD/CAD Short, GBP/CHF Short, USD/SGD Short and GBP/USD ShortNZD/CAD 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. GBP/CHF Short Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of value. • If 2 touch 5 min continuation, reduced risk entry on the break of it. • If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it. USD/SGD Short Minimum entry requirements: • 1H impulse down below area of interest. • If 2 touch 5 min continuation, reduced risk entry on the break of it. • If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it. GBP/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.
Short
by StewySongs
Natural Gas: A Mega Move is BrewingNatural Gas has been a very volatile asset in recent sessions. The price action in the 4 hour chart has triggered a bullish breakout. The next bullish inverse head and shoulders pattern on the daily chart is starting to take shape. This pattern has not yet triggered. If we see a breakout of this pattern there is about $1.50 of upside from the neckline. Resource stocks are still holding up very well, granted so is the market. A very similar structure is playing out on the weekly chart, regarding the 50 Weekly MA If we see price trade in congruency we should see more upside this week and then potentially we may see some sellers the folling week
AMEX:UNG
by Trading-Capital
1
Weekly trade planning sessionHi Traders, this is another episode of charts247 weekly trade planning session. We believe in trade planning because it helps us identify high-probability forex pairs that we should trade during the week. Below are the indexes based on the 4HR wave structure. DXY: Bullish Reversal (+ve) EXY: Bearish Continuation (-ve) AXY: Reversal (-ve) SXY: Bullish Pullback (+ve) JXY: Bullish Pullback (+ve) BXY: Bullish Pullback (+ve) CXY: Bearish Continuation (-ve) ZXY: Reversal (-ve) ------------------------- BUY PAIRS: USDCAD, AUDCAD, GBPCAD, SELL PAIRS: EURUSD, CADJPY, EURGBP, EURAUD
by Charts247TradingAcademy
GOLD ANALYSIS NEXT WEEK June 10-14.Here is the analysis on Gold XAUSD for next week from 10th to 14th of June. It is a clear projection of what is mostly likely to happen on Gold in the coming week. ANALYSIS; In monthly timeframe there are rejections from the upside in three months consecutively, and the current months demonstrate increase in bearish momentum even though there are 19 days left for the monthly candlestick to close. In weekly timeframe the idea of three wave swing to the upside remains the same, and currently we are in a corrective phase of the price move. At the highest level reached by price in this timeframe there is a bearish engulfing candlestick formation a d the next candlesticks are maintained below the structure. This is the clear indicator of a possible continuation of price move to the downside. In daily timeframe a clear trending to the downside is created where by lower highs and lower lows are now more clear. Currently price is at 2300 level, this is a very important technical and psychological level. In four hour timeframe price demonstrate a clear ABC corrective structure with price completing the formation of wave C down. Price id expected to correct before it continues to the downside. PRIMARY PROJECTION; Consider selling when price correct up to 50 or 61 fib of the downward swing in this timeframe. This is around 2340-2360. SECONDARY PROJECTION; Consider buying when price move beyond the beginning of the downward strong strong created this week. But buying is less likely to happening.
SAXO:XAUUSDShort
by ASAMForex
NZD/USD Short, GBP/CHF Short, AUD/NZD Short and GBP/USD ShortNZD/USD Short Minimum entry requirements: • Break above area of value. • 1H impulse down below area of interest. • If 2 touch 5 min continuation, reduced risk entry on the break of it. • If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it. GBP/CHF Short Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of value. • If 2 touch 5 min continuation, reduced risk entry on the break of it. • If 2 touch 15 min continuation, 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 2 touch 5 min continuation, reduced risk entry on the break of it. • If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it. GBP/USD Short Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of interest. • If 2 touch 5 min continuation, reduced risk entry on the break of it. • If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
Short
by StewySongs
Daily market analysis Monday 10th JuneDaily Show on NIFTY, BANKNIFTY, FINNIFTY and USDINR, where we try and predict the market direction for tomorrow by technical analysis, Open Interest (OI) data analysis, FII DII data analysis and much more. This show gives insights into the market and is especially useful if you are a beginner who has just started options trading and wants to learn how to trade using price action and other chart techniques. Disclaimer: This is not an investment recommendation, advice, research report, or stock tip of any nature. We are doing this only to understand how to read derivative data and perform technical analysis. Strictly for educational purposes only. #nifty50 #banknifty #nifty50prediction #usdinr #optionstradingstrategy #technicalanalysis #tradingforbeginners #niftyprediction #sharemarkettrading #marketpredictiontoday #priceaction #usdinrprediction #niftytechnicalanalysisfortomorrow #tradingchartanalysis #usdinrtradingstrategytomorrow #openinterest
NSE:NIFTY
by littlesubham
EURJPY SELLThe market is currently testing the current structure which is forming a divergence on the daily TF. Based on price action , the market is forming a reversal chart pattern on the 4HR TF. We could see sellers coming in strong should the current level hold at the 0.7 FIB Level Disclaimer: Please be advised that the information presented on TradingView is solely intended for educational and informational purposes only.The analysis provided is based on my own view of the market. Please be reminded that you are solely responsible for the trading decisions on your account. High-Risk Warning Trading in foreign exchange on margin entails high risk and is not suitable for all investors. Past performance does not guarantee future results. In this case, the high degree of leverage can act both against you and in your favor.
Short
by WiLLProsperForex
GBPJPY Trade Breakdown 1.61RR 05/06/2024Trade Analysis and Strategy for GBP/JPY Today, I executed a trade on GBP/JPY with a risk-reward ratio of 1.61. Here’s a detailed breakdown of my approach, including my analysis, techniques, and strategies. Time Frame Analysis: - Time Frame: I focused on multiple time frames, including the one-minute and five-minute charts, to pinpoint precise entry and exit points. - Direction: Understanding the market direction is crucial. I analyzed the trend and momentum to ensure I was trading in alignment with the prevailing direction. Executing the Trade: - Avoiding High-Impact News: It’s important to stay out of the market during high-impact news events, often marked in red on economic calendars. Today at 2:45, I noticed Canadian news and chose to close my trade due to its potential impact. Similarly, I closed my position manually before the high-impact USD news at 3:00. - Risk-Reward Ratio: I maintained a 1.61 risk-reward ratio, which is a solid strategy. Remember, a win is a win, and profit is profit, regardless of the size. Don’t hesitate to secure a small profit—it’s better than a loss. Key Takeaways: - Avoid trading during red impact news events. - Stick to your risk-reward strategy. - Celebrate every profit, no matter how small. Thank you for your support! Please share, comment, and like this post to help me reach more people and spread effective trading strategies. MOHAMED AFRIDEEN ABDUL KALK
Short
by AfrideenAyanAimen
NZD/CAD Short, NZD/CHF Short, GBP/CHF Short and SUGAR/USD ShortNZD/CAD Short Minimum entry requirements: • 1H impulse down below area of interest. • If 2 touch 5 min continuation, reduced risk entry on the break of it. • If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it. NZD/CHF 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. GBP/CHF 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. SUGAR/USD Short Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of value. • If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
OANDA:SUGARUSDShort
by StewySongs
OIL may correct before moving lowerOIL may correct before moving lower After a month of correction, we can see that OIL has completed a megaphone pattern. This is the type of pattern that forms during a trend. It is very complex as a pattern and difficult to predict everything at the moment it is taking shape. As long as the daily trend is down, the pattern shows that OIL may move lower. We may see oil prices test 69 over the coming weeks. 📺You may watch the video for further details📺 Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
TVC:USOILShort
by KlejdiCuni
1
Wyckoff Distribution Campaign The Wyckoff Distribution Campaign is a concept from Richard D. Wyckoff's market theory, which helps traders understand and predict price movements in financial markets, especially within the context of stock market cycles. The campaign focuses on identifying and analyzing the phases of distribution, where smart money (large institutional investors) is gradually selling off their positions to the general public before a market downturn. Here’s a breakdown of the key components and phases of the Wyckoff Distribution Campaign: ### Phases of the Distribution Campaign: 1. **Preliminary Supply (PSY)**: - This phase marks the beginning of selling pressure. It’s characterized by a noticeable increase in volume as prices approach a peak. The increased volume indicates that large investors are starting to sell their positions. 2. **Buying Climax (BC)**: - The price reaches a new high, but this is accompanied by heavy volume and often wide price spreads. This is where the bulk of the selling by institutional investors happens, misleading less informed traders into thinking that the market will continue to rise. 3. **Automatic Reaction (AR)**: - After the Buying Climax, the price drops due to the imbalance created by the heavy selling. This reaction usually happens on decreased volume, as the selling pressure temporarily diminishes. 4. **Secondary Test (ST)**: - The price tests the levels reached during the Buying Climax to confirm the top. This test can occur more than once, and it's marked by lower volume than the BC, indicating reduced demand. 5. **Sign of Weakness (SOW)**: - A significant price decline occurs with increased volume, suggesting that the supply is overcoming demand. This indicates that the distribution phase is progressing, and the smart money is continuing to sell off their positions. 6. **Last Point of Supply (LPSY)**: - This phase represents the final rally or upward movement before the market turns downwards. The volume during this phase is usually lower, and it signifies the last efforts to distribute the remaining positions at higher prices. 7. **Upthrust After Distribution (UTAD)**: - In some cases, there might be a final push to a new high, which can trap unsuspecting buyers. This is the last deceptive move before the market begins a significant downtrend. ### Characteristics of Wyckoff Distribution: - **Volume Analysis**: Understanding the volume at each phase is crucial. High volume during PSY and BC indicates strong selling pressure. - **Price Action**: Price movements, such as sudden drops (AR) and tests of previous highs (ST), help identify the distribution phases. - **Market Sentiment**: During the distribution campaign, the general market sentiment may still be bullish, creating an ideal environment for large investors to offload their holdings onto retail investors who are still buying. ### Practical Application: - **Identifying Distribution**: Traders use these phases to recognize when the smart money is selling, allowing them to anticipate a market downturn. - **Trading Strategies**: By understanding the Wyckoff Distribution phases, traders can implement strategies to short sell or protect their positions by exiting the market before significant declines. In summary, the Wyckoff Distribution Campaign is a crucial concept for understanding market cycles and price movements, particularly during the distribution phase where large investors sell their holdings. Recognizing these phases can provide traders with significant insights into potential market reversals and help them make more informed trading decisions.
NASDAQ:AMRKShort
by VolumeDayTrader