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200ma

EURAUD, the EUR pair with clear SL areaEURUSD as a major pair led to a rejection of EUR on a very long trendline. EUR became bearish on a lot of pairs EURAUD included. What is particularly exciting on EURAUD is the fact that this is the place where 200 MA daily meets low volume area. There were 5 previous rejections from this level in the past 30 days and two of them were in the recent days coming to this level. • I would like the price to reach once more for 200 MA daily • If there is a reaction on lower timeframes, I will start shorting. • I am not that keen on opening 1.5 RRR only. This is a downside to this pair not only that the relative volatility is very low, but the downside room is a little limited too. However, if EURAUD goes a little higher retesting 200 MA, it should be a good short opportunity. Have a great trade!
Short
by OrcChieftain
LTCBTC Level Trade|Trend HH|S/R Flip Retest|Volume Influx|200 MAEvening Traders, Today’s Analysis – LTCBTC breaking out of its 80 day consolidation, setting up a clear level trade. Points to consider, - Trend higher high - S/R Flip Retest (Local Support) - Immediate target (Weekly Resistance) - Oscillators above 50 - Noticeable volume influx LTCBTC has established a technical higher high, early signs of a trend change – this gives us an immediate bullish directional bias. An S/R Flip retest will validate a long trade with the .618 Fibonacci as an overextension, this will solidify local support. The Immediate target is weekly resistance, LTCBTC also has the daily 200 MA to clear, profit taking zone. Both oscillators are above 50, not over-extended, this signals a probable further push in the market. LTCBTC has had a strong volume influx, engulfing all previous nodes, follow through is needed for continuation. Overall, in my opinion, LTCBTC has a valid long play. A retest of local support will allow for a defined R:R trade. Price action is to be used upon discretion. What are your thoughts? Thank you for following my work! And remember, To be a successful trader you need to trade without fear. When you use fear as a resource to limit yourself, you will create the very conditions you are trying to avoid. Or to say this in another way, you will experience your fears - Van K. Tharp
Long
by AzizKhanZamani
TESLA: When Is The Next Bounce?NASDAQ:TSLA DISCLAIMER: This is not a "technical analysis" and more of a "hypothesis" for my future inquiries with this stock. I am personally an optimist for the EV industry and hope for it to grow. TESLA stock price seems to respect the 200 period simple moving average in an hourly time frame. Since the 'golden cross' in late March, March 30th to be exact, the price has bounced off the 200 MA at least 'ten' occasions. Even if I don't go into all those pessimism regarding the company's fundamentals or overvaluation and stick to the simple trend analysis, the question remains: "when will be the next bounce?" Or is it a break of structure? If you find this interesting then please let me know your thoughts. I will be posting more in this topic in the future.
NASDAQ:TSLA
by Trading-Economist
CADJPY 78.807 - 0.19% LONG IDEA ( BREAKOUT ANALYSIS )Good Day Everyone A look at the CADJPY pair from the 4H chart the pair has been ranging in a ascending triangle testing the 200 MA and level 79.276 looking for a break above this structure as momentum returns on the pair, but expecting the pair to continue ranging within the structure as indicated before we see more volatility on the pair . lets see how it goes Good luck and happy trading everyone _________________________________________________________________________________________________________________________ ENTRY & SL - FOLLOW YOUR RULES ON PENDING ODER & SO FORTH RISK-MANAGEMENT PERIOD - SWING TRADE __________________________________________________________________________________________________________________________ If you like the idea kindly leave a like and a follow will definitely follow back and leave your idea & Comment on the pair in the comment section. APPRECIATE IT
Long
by PULEMokhothu
CURLF Descending Broadening Wedge| Volume Influx| Technical HighEvening Traders, Today’s Analysis – Curaleaf Holdings, Inc. – as swing trade into technical target as US voting season approaches. - Macro broadening wedge - Dynamic Resistance broken - 200 MA support - RSI bearish divergence - Volume influx - Back test long CURLF has broken bullish from its macro descending wedge, initiating the pattern with a clear technical target. The break has put in a valid higher high, first sign of a probable trend change. The Dynamic resistance was broken with conviction; a back test will be in confluence with the 21 MA and the .618 Fibonacci. This will allow for a risk defined long entry The 200 MA is holding as support, price will remain bullish as long as it trades above. The RSI has a valid bearish divergence; this indicates a correction being probable to the .618, a clear trade location with technical confluences. There is a clear volume influx coinciding with the break of the pattern, follow through is required for continuation. Overall, in my opinion, CURLF has validated its macro pattern; a back test is a valid long entry with defined risk. On a fundamentally scale, this sector will be approaching voting, speculators are likely to be positon themselves for macro swings. What are your thoughts? “Win, loss whatever emerges in the short-term, place and manage your next trades untouched, unattached... always keeping your eyes on the long-term picture.” ― Yvan Byeajee
OTC:CURLFLong
by AzizKhanZamani
5
USDCAD - Swing Trade on Trendline BounceHi traders! The market is in a Downtrend. Key Areas: Resistance @ 1.37000 Support @ 1.35000 Consolidation Box - Range of 50 pips, active Trendline "Daily Trendline" - descending, resisting 200 Exponential Moving Average from H4-Timeframe Category: - Trend Continuation - Pullback Trading - Trendline Bounce - 200MA Bounce Description: As you can see the market is at some Structure Levels: First of all we drawed a Trendline on the Daily Timeframe. It's the third time the market is testing this Trendline now. So, the diffrence between the former testings and the testing now is this: Now the market is getting support from the 200 MA of the H4-Timeframe. In addition the market is ranging in a consolidaion box. If the market is breaking out bearish, the Target would be the next Support. We recommend to trade the Breakout with a Retest! Thanks and successful Trading :)!
by swissmoneymakers
NZDCHF Daily Support|200 MA|Declining Volume|Resistance ClusterEvening Traders, Today’s Analysis – NZDCHF- currently trading above the 200 MA with the resistance cluster being the immediate target for a shot sell. Points to consider, - Macro trend bearish - 200 MA & Range Midpoint confluence - Resistance cluster target (short sell) - Daily support retest - Oscillators above 50 - Below average volume NZDCHF’s macro trend is bearish with consecutive lower highs; any rallies are to be sold until a valid higher high is established. The 200 MA is holding as support which is in technical confluence with the range midpoint. Confirming multiple daily candle closes above the 50 will increase the probability of testing the resistance cluster. The Resistance cluster is a valid short area with defined risk. Daily support is the immediate target as this is the next trade location. Oscillators are both above 50, maintaining a bullish bias in the immediate term. Trading to the resistance cluster will overextend both Stochastics and the RSI. Bull volume nodes are declining/below average, an indication of demand not being present, an influx in bear volume is likely at resistance. Overall, in my opinion, NZDCHF must hold the 200 MA as support to reach the immediate target; resistance cluster, for a short sell. Price action must be backed by volume which will help with the directional bias. What are your thoughts? Thank you for following my work, And remember, “Opportunities come infrequently. When it rains gold put out a bucket not a thimble.” – Warren Buffet
Short
by AzizKhanZamani
TFUEL/USDT - major move aheadTFUEL/USDT is right at the tip of a symmetrical triangle if we look at it on the log chart and currently building support on top of the first big move (green dashed line). I lean more to the bullish side with this setup but you should also be prepared for a big move down which could move TFUEL to around .7 cents which means that you should either wait for a breakout above the trend line / a breakout on the RSI and / or place a stop loss if you enter now. It's possible to short TFUEL so it doesn't matter if you're a bull or bear, it's worth keeping an eye on this. Phenomenal risk-reward on this setup. Best of luck with your trades and let me know what you think!
by Wolfy_
6
Has the Recovery of Dow Jones Stopped?Apart from the smash-down movement upon the first spike in the COVID cases in the US, there hasn't been any major movement. However, we can see that the market is becoming more cautious about buying the stock market amid a continuous rise in the number of COVID cases globally and especially in the US which has recently broken all-time high. Technically, since the price resubmerges below the 200-MA, there's been multiple rejections to prevent the price from resurfacing. The market became more decisively bearish in the last 3 trading days and we are seeing a probable break-below of its rising channel. The market has been insanely recovering amid the economic slowdown and purely supported by an unprecedented injection of money by the government. Naturally, this can't go on forever and even if it's able to extend it's recovery further, there's got to be a point where the market corrects itself heavily. To pick a side, we pick the side where the stock market will undergo a mini-crash towards the 23000 region. As for the most recent new COVID cases in the US, it has just reached a all-time high of 44.7k, which is 24.5% more than 24th April peak.
FX:US30Short
by AlgoVenture
1
CADJPY Price Apex|Daily Support|Low Volume|Local ResistanceEvening Traders, Today’s Analysis – CADJPY- trading in its Apex (Moving Averages converging) at daily support. Respecting the 200 MA will push price to a retest of local resistance. Points to consider, - Price equilibrium - 200 MA confluence - 21 MA Resistance (Apex) - Oscillators neutral - Volume below average CADJPY is trading in a valid equilibrium; a break is imminent at any moment as price is in its apex. The 200 MA is in confluence with daily support, this ways more significance then the 21 MA resistances only, thus the probability breaking north is slightly higher. The RSI and Stochastics are flat given price is holding support in an equilibrium. Breaking out of the apex will directly coincide with the strength and momentum projected by the oscillators. Volume is key as it is currently below average; this is to be expected when price trades in equilibrium, a sign that an impulse move is imminent Overall, in my opinion, CADJPY has strong support confluence giving it a greater probability of breaking north. Respecting the 200 MA will push price into local resistance for a retest. Price must break out of its apex with increasing volume to avoid fake outs. What are your thoughts? Please leave a like and comment, And remember, “Sheer will and determination is no substitute for something that actually works.” – Jason Klatt
Long
by AzizKhanZamani
USDCHF - Trend Continuation NOW - MTFA, EMA, Stochastic, ...Hi Traders! The market is in a Downtrend. The Key Areas are: Trendline "Past descending Triangle" - descending, resisting Resistance @ 0.95300 Resistance @ 0.94800 Support @ 0.93800 200 Exponential Moving Average - resisting Stochastic Oscillator - overbought Category: - Trend Continuation - Pullback Trading - Retest after Breakout As you can see the Downtrend is also viewable on the H4-Timeframe and the D1-Timeframe too. That's why a short trade is more at the moment more secure than a long trade. In the last past days, the market was moving in a descending Triangle. Then it broke out of the Triangle and the Support at 0.94800. It moved down and finally back up again. This Up-Movement can be reasoned due the strong USD against the weak CHF, as shown in the Currency Strength Meter. Now the market reached the important Resistance again. This could also be interpreted as a potential Retest. The indicators show: - Resistance from the 200MA, it is pushing lower and - Stochastic Osciallator is overbought, should fall soon. We recommend to trade the bearish crossover of the Stochastic Oscillator. Thanks and successful Trading :)!
Short
by swissmoneymakers