Will be looking for more sell opportunities around the Asian high for me to continue with the short, also a confirmation will do.
Based on the H1 chart analysis, the price is approaching our buy entry level at 1.2673, a pullback support. Our take profit is set at 1.2713, that aligns with the 161.8% Fibo extension and the 78.6% Fibo projection, forming a strong Fibonacci confluence where price could find resistance. The stop loss is placed at 1.2490, below the 38.2% Fibonacci retracement. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (fxcm.com/uk): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (fxcm.com/eu): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (fxcm.com/au): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at fxcm.com/au Stratos Global LLC (fxcm.com/markets): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Hindalco Completing 'W' pattern. This is the beauty of Market. No need to buy now but can see completing the pattern. Target is 676. hopes so it will give breakout after that
Apple closed the week pretty weak. Could this be a reversal back to the downside? Apple reject off of 249 and we are headed back down. Take it one level at a time.
? Attention Traders! ? ? Gold is in a no-trade zone! ? Stay patient as we monitor key levels. ? Critical Zone: 2919 - 2945 (Support & Resistance) ? Bearish Breakout? If the price drops below 2919, we’ll target: ? TP1 = 2909 ? Bullish Breakout? A move above 2945 signals upward momentum: ? TP1 = 2955 ? Stay sharp & trade wisely! ??
Nifty on Lower low, Lower high on daily chart. Also at breakout position. If breaks 22750 then my next target is 22300. Best level to long.
Hi Everyone, Gold may experience a price correction in the upcoming week. Although there are no concerning signals in the trend for the long term, the daily chart suggests that the RSI cannot fail the divergence. It appears that a retest of the 50 areas (in RSI) is likely, so we might see a correction of at least $100. First target $2838 Disclaimer: This is not financial advice. CAPITALCOM:GOLD CAPITALCOM:GOLD TVC:GOLD FXOPEN:XAUUSD
Hey traders and investors! In a recent analysis of the AUDUSD currency pair (available in related posts), I mentioned a high probability of a reversal forming on the weekly timeframe. This conclusion was also supported by the situation on the daily timeframe. Currently, a similar situation is observed with the US Dollar Index. This review illustrates the relationship between different timeframes, aiding in making better decisions in asset analysis and entry point identification. 1D Timeframe https://www.tradingview.com/x/DJrqe1RE/ The US Dollar Index (DXY) is in a downtrend on the daily timeframe after breaking down from a consolidation range. The boundaries of this range are marked by black lines on the chart. A key level protecting the breakout from the range is 106.957, which marks the beginning of the last seller's impulse. At the start of this impulse, a seller's zone formed (red rectangle on the chart). At the end of the impulse, there was a buyer's bar with increased volume, indicating buyer interest at these price levels. The volume in this bar is concentrated in its upper part (blue line on the chart), suggesting potential seller interest. Key Levels on 1D Timeframe: Key resistance (start of the last seller's impulse): 106.957 50% of the last impulse: 106.435 Last impulse low: 105.913 Trading Recommendations: Selling: Look for selling patterns near resistance levels, especially around 106.957. Buying: Currently, there are no conditions for buying (bearish trend). Buyers need to consolidate above 106.957 to change market dynamics and create opportunities for buying patterns. Now let's analyze a higher timeframe to understand potential downward targets and obstacles. In my opinion, the 11-day timeframe shows the situation best. 11D Timeframe https://www.tradingview.com/x/CeQe5EbM/ On the 11-day timeframe, the price is moving within a sideways range, with the upper boundary at 106.952 (close to the daily level of 106.957) and the lower boundary at 99.099. The last realized vector in the range is a buyer's impulse 7-8. The key bar of this impulse (highest volume) is located in its middle (marked as KC on the chart). The price broke above the upper boundary of the range during this impulse. However, the seller returned the price into the range, forming a seller's zone above the upper boundary (red rectangle on the chart). This seller's zone corresponds to the daily range. All of this appears as manipulation (false breakout) of the upper boundary of the range. The current seller's vector is 8-9, with a potential target of 99.807 (99.099). Obstacles for sellers include the key bar of the buyer's impulse, inside of which is the 50% retracement of the last impulse. I expect the first buyer reaction (long bar on the 11D timeframe) after the price declines to the range of 105.112 - 104.843. Thus, the 11-day timeframe supports the conclusion on the daily timeframe about the advisability of searching for short positions. Similarly, one can analyze a smaller timeframe, for example, the hourly, to look for short entry patterns. Key Levels on 11D Timeframe: Upper boundary of the range: 106.952 50% of the last buyer's impulse: 104.843 First target for selling (PT Short): 99.807 Lower boundary of the range: 99.099 I wish you profitable trades!
Price broke out of consolidation with strong bullish momentum. I expect price to continue to the upside. Might get a slight pulback close to entry within the next 12hours, but ultimately price will continue being bullish and head to the upside
I will be watching this last bearish candle and how price pullsback into it. I am looking at the daily chart for a doji day and a rolling over of price action. I am expecting it to be near the end of the month. There is only 5 trading days left of February. Thursday broke out and closed below the last 6 days. https://www.tradingview.com/x/Y5QXn9e2/ I am letting the market set up and waiting. Currently, I am up 5% in February. I feel that this is too little of return for the amount of effort I have put in. I believe I am doing too much. I need to hit one or two monster trades in a month with little stress. Hit the trades that are all day holds that the market has no intentions of coming back. Why would I do anything else in between? Jim Rogers famous quote that really resonated with me, " I wait until there is money lying in the corner and all I have to do is go over there and pick it up. I do nothing in the meantime " My trade management approach is using a 100 tick stop after entry, no profit target and hold to the close. I take only the one trade in that day. One loss Max per trading day. https://www.tradingview.com/x/omxCxVa5/ To have the best trading results, paradoxically, one must not trade. Less is more. I am guilty in this. I struggle with an alpha mindset where upon if I am not taking action, then I am not advancing my goals. Although I am a profitable trader, my results could be ten times by doing less.