USDCAD ShortAlright guys you win some you lose some, I'm looking for another positiopn on USDCAD in a stronger area.
Lets see how the trade plays out.
Indices
Is the JSE ALSI forming a W Formation or is it darts to playIt's like throwing darts and guessing whether it's going up or down for the month...
This is an intraday traders haven rather than a swing (position) traders environment...
The best we can do is diversify and hedge different longs and shorts at the same time and risk a little...
Only technical thing I can say is if the support holds and the price goes up, it could form a W Formation...
This will be the only semblance of hope of upside to come. But we'll play it by ear as always.
I am Still Bullish Since ....Nasdaq Futures are holding really well for the following:-
Bullish Case reasons
1. Heavy Volume of 773K today with the hammer formation.
2. We are still holding 50 Day EMA
3. We are still above the Anchored VWAP.
Bearish ONLY IF :-
1. nasdaq closes bellow 50-Day EMA.
US30 still bullish...Yellow: monthly range
blue: weekly range
green: daily range
Looking at my typical rules US30 is still looking bullish even with everything going on in the world, crazy enough. Purely looking at this via technical and tuning out the rest. Pullback to the top of the daily range inbound and then long to follow.
The S&P500 is preparing for an insane rallyHello Traders and Investors,
My name is Philip and I am a German swing-trader with over 4 years of trading experience.
I only trade the higher timeframes, preferably the monthly chart, because this allows me to capitalize on the major market swings.
I view trading as a long term game over the next 20 years which will help me to build massive wealth - it is not a get rich quick scheme.
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Today I want to share with you my outlook on the S&P500:
Over the past almost 15 years the S&P500 has been respecting a super simple bullish trendline. Always when the S&P500 tested this level, we saw a major rally towards the upside. And now the S&P500 is about to retest this trendline again and I do expect another push higher.
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Most of the people always follow the quick money. But the quick money is never the big money.
They think that making 5% a month consistently is reasonable, which is one of the reasons why so many traders fail.
The only think which you can control is your risk, everything else is unknown.
Keep your long term vision!
US30 Potential DownsidesHey Traders, in today's trading session we are monitoring US30 for a selling opportunity around 34400 zone, US30 is trading i n a downtrend and currently is in a correction phase in which it is approaching the trend at 34400 support and resistance area.
Trade safe, Joe.
DXY D1 - Short SignalDXY D1
Unfortunately we haven't seen an awful amount of response yet from the dollar index. Still waiting for a bit more confirmation on the downside potential here, and thus ***USD longs.
US100 and US30 have been climbing, with a short reaction from US30's 34000 price we marked yesterday. How much mileage this may have? I don't know, it depends on how to dollar performs at it's current price.
ESZ2023 Price Prediction for next 4-6 trading days
Based on the symmetrical nature of price action after higher timeframe levels are engaged, this is the expected price movement of ES over the next 4-6 trading sessions.
This plan is void if ES creates a new low beneath Oct 4, 2023 low.
Bitcoin / Indices/ Oil: Geopolitical Uncertainty and Fake News! Transcript:
0:07 Hey there, folks! Happy Monday and here's to a great week ahead. So, let's dive right into the Bitcoin rollercoaster.
0:14 Bitcoin took a wild ride, soaring to 30,000 and beyond, hitting 30,200 in the spot market and 30,600 in futures. Why? Well, some fake news claimed the SEC approved an iShares Bitcoin spot ETF. But, hold on, BlackRock stepped in and said it's not true. The price quickly corrected.
0:47 Now, let's look at the chart, using the eight-minute chart due to the crazy volatility. I've been advocating for long positions since around 26,600, and it paid off with a climb to over 27,600, now serving as support.
1:33 We're currently long, with support around 27,600. Our sights are set on revisiting 28,900 and eventually hitting 31,000.
1:50 Also, don't forget the impact of banking issues on Bitcoin. Remember when banks have troubles? Bitcoin can shine as a safe haven. Check out the link I shared for more info.
3:19 On the geopolitical front, we've got a lot going on with Ukraine, Israel, Gaza, and Palestine. Let's hope for peace and coexistence among humanity. Bitcoin, with its trustless nature, could play a role.
4:32 Bitcoin is trustless, and that's crucial. Now, let's switch gears to indices, which have been on the rise, and oil, influenced by geopolitical factors.
5:17 Oil has been an interesting ride, with great trades. We're currently short at $88, expecting some sideways movement.
6:41 Geopolitics matter. We had a perfect long entry due to geopolitical factors. $88 remains a key level for us.
7:03 To sum it up, Bitcoin is our top pick. We're eyeing 29,000 and then 31,000 as potential targets. Stay tuned for more updates as Bitcoin's safe haven qualities continue to shine.
7:40 That's a wrap for today. Take care, everyone!
One Love,
The FXPROFESSOR 💙
NASDAQ Potential DownsidesHey Traders, in today's trading session we are monitoring NAS100 for a selling opportunity around 15300 zone, NASDAQ is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 15300 support and resistance area.
Trade safe, Joe.
NASDAQ 100 TRADE IDEANasdaq 100 ended the trading week on Friday with strong bearish candles after giving bullish candles at the open of the NY trade session and later retrace to the downside breaking the support zone. We should see more bearish move before the NY session today and later have strong bearish candle after price has taken resistance. Also the on going conflicts between two major countries should show a strong decline to stocks soon.
DOW JONES TRADE IDEADow Jones ended the trading week on Friday slightly bearish after giving strong bullish candles at the open of the NY trade session and later retrace to the downside. We should see more bearish move before the NY session today and later have strong bearish candle after price has taken resistance. Also the on going conflicts between two major countries should show a strong decline to stocks soon.
S&P 500 Daily Chart Analysis For Week of Oct 13, 2023Technical Analysis and Outlook:
The Spooz index price exceeded our previous Mean Resistance point of 4336 and closed at the location of a notable event. The recent downward trend suggests that the Mean Support level of 4294 may be reached, with a possibility of extending to the Mean Support of 4228 or even the next Inner Index Dip at 4150. If the index finds support at 4294, it may move up to the newly established Mean Resistance at 4378.
$DJI - Rising Trend Channel [MID-TERM]💡 Pattern: Cup & Handle
💡 RSI: Neutral
💡 Risk: Low
✅ Resistance: 34200
✅ Support: 32800
PERFORMANCE
🔴 ST: NEGATIVE
🔴 MT: NEGATIVE
🟡 LT: HOLD
*ST: Short-term | MT: Mid-term | LT: Long-term
Verify it first and believe later.
WavePoint ❤️
$NDX - Rising Trend Channel [MID-TERM]💡 Pattern: Cup & Handle
💡 RSI: Neutral
💡 Risk: Medium
✅ Resistance: 15800
✅ Support: 14500
PERFORMANCE
🔴 ST: NEGATIVE
🟢 MT: POSITIVE
🟢 LT: POSITIVE
*ST: Short-term | MT: Mid-term | LT: Long-term
Verify it first and believe later.
WavePoint ❤️
Is NASDAQ Ready to Rebound Ahead of the Fed?The situation with the US technology stocks index in the last session was indeed rather dull, with a 0.37% decline in closing. The beginning was neutral, and then the trend continued to weaken during the trades. Currently, for the Nasdaq 100, a decisive ascent is anticipated, with a target set at 15,292.4. In case of a temporary correction, the nearest target is expected at 15,024.5. However, expectations are oriented towards a further increase up to the maximum level of 15,560.3.
In the current context, the price is within a demand zone ranging from 15,250 to 15,300. This zone is of particular interest to assess possible operational scenarios, especially for those seeking long continuation opportunities and potential entry patterns into the market. US economic data today will certainly be interesting and could influence market dynamics.
Greetings from Nicola, CEO of Forex48 Trading Academy. Feel free to comment and leave a like if you found this analysis helpful.
NASDAQ Potential UpsidesHey Traders, in today's trading session we are monitoring NAS100 for a buying opportunity around 15160 zone, NAS100 is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 15160 support and resistance area.
Trade safe, Joe.
US30 D1 - Short SignalUS30 D1
Big daily timeframe again here, you can see how much US30 has given back off the back of the dollar correction. That being said, we blitzed through 33600 resistance with no issues, the next area of correction/pivot may lay around 34000 whole number.
A nice area of D1 resistance and supply, 34000 whole number, and a solid 6R measure to see a 50% correction, from swing low to swing high.
NAS100 SHORT TRADE IDEA, NOW THE TIME TO JUMP TO LOWER TIMEFRAMEHello Traders, i Already done the Full Analysis on the FX:NAS100 and it played perfectly now we all know what gonna happen it the time for the :
- DISTRIBUTION, exactly what that means it means a big move so we have to find our Entry to do so we have to jump on LOWER timeframe LIKE 15MIN or 1H and Enter, this is just the UPDATE for the ANalysis if you want me to do a lower timeframe Setup entry let me know on the comment section!
NASDAQ Short. lets take some of that gap backICT Price Action:
Entry at resistance gap
Stop loss at 100% gap filled
Take profit at confluence of 50% opening gap with bull gap
Is a Nasdaq Pullback Coming?Excellent performance of the US technology index, with an increase of 1.70%. The day started weak, opening at 14,622.2 points, surpassing the previous session's lows. Throughout the day, the quotes strengthened, closing at 14,973.2, near the session highs. In the medium term, the Nasdaq 100 shows a negative trend. In the short term, there is the possibility of a slight upward movement, encountering resistance in the first area at 15,109.1. The first support is identified at 14,701.5. If positive signals occur, further growth is likely with a target at 15,516.7. I look forward to your feedback. Best regards, Nicola, CEO of Forex48 Trading Academy.
NASDAQ Potential UpsidesHey Traders, in today's trading session we are monitoring NAS100 for a buying opportunity around 14750 zone, NASDAQ was trading in a downtrend and successfully managed to break it out. currently is in a consolidating phase in which it is approaching the retrace area at 14750 support and resistance zone.
Trade safe, Joe.
US30 Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
