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Retracement

USDJPY Intra Retracement 21.07.2023After the announcement about intended unchanged BOJ rate today, the Japanese yen fell dramatically. A retracement is possible since the market seems to experience an interesting resistance on the USDJPY chart. As per the arrow back to the 61.8% of the total move. __________________________ Information Regarding Important News and Figures can be found here in our Economic Calendar: mau.bdswiss.com/economic-calenda... Risk Warning: Trading in CFDs is highly speculative and carries a high level of risk. It is possible to lose all of your invested capital. These products may not be suitable for everyone, and you should ensure that you fully understand the risks taking into consideration your investment objectives, level of experience, personal circumstances as well as personal resources. Speculate only with funds that you can afford to lose. Seek independent advice if necessary. Please refer to our Risk Disclosure. BDSwiss is a trading name of BDS Markets and BDS Ltd. BDS Markets is a company incorporated under the laws of the Republic of Mauritius and is authorized and regulated by the Financial Services Commission of Mauritius ( FSC ) under license number C116016172, address: 6th Floor, Tower 1, Nexteracom Building 72201 Ebene. BDS Ltd is authorized and regulated by the Financial Services Authority Seychelles (FSA) under license number SD047, address: Tenancy 10, Marina House, Eden Island, Mahe. Payment transactions are managed by BDS Markets (Registration number: 143350).
Short
by Stuart_Cowell
1
NAS100 Reversal 21.07.2023Yesterday the NAS100 underperformed with a great downward rapid movement. It is an apparent reversal after a long upward path. It is Friday and we are not expecting much activity after the NYSE opening, however it is expected that a retracement will take place after this reversal. As per the arrow, back to the 61.8 Fibo level. __________________________ Information Regarding Important News and Figures can be found here in our Economic Calendar: mau.bdswiss.com/economic-calenda... Risk Warning: Trading in CFDs is highly speculative and carries a high level of risk. It is possible to lose all of your invested capital. These products may not be suitable for everyone, and you should ensure that you fully understand the risks taking into consideration your investment objectives, level of experience, personal circumstances as well as personal resources. Speculate only with funds that you can afford to lose. Seek independent advice if necessary. Please refer to our Risk Disclosure. BDSwiss is a trading name of BDS Markets and BDS Ltd. BDS Markets is a company incorporated under the laws of the Republic of Mauritius and is authorized and regulated by the Financial Services Commission of Mauritius ( FSC ) under license number C116016172, address: 6th Floor, Tower 1, Nexteracom Building 72201 Ebene. BDS Ltd is authorized and regulated by the Financial Services Authority Seychelles (FSA) under license number SD047, address: Tenancy 10, Marina House, Eden Island, Mahe. Payment transactions are managed by BDS Markets (Registration number: 143350).
PEPPERSTONE:NAS100Long
by Stuart_Cowell
1
DE could breakout only if....?NYSE:DE is trying to hold above to break out of its bull flag. This is one of the companies that a lot of investors would run to if there's a sector rotation out of tech. With a 1.19% dividend and potential growth ahead, you could see DE attempt to test the resistance around 418. Bullish Case - There is little to argue in favor of a bear case for this ticker today. With the bull flag at the brink of a breakout, if not already breaking out, this could be a 425 ticker in a short amount of time. I would like to see the price above 408.39 to take a safe entry to the upside and consider profits at 418. Bearish Case - The sell-off at the end of the day could signal that the market is exhausted when it comes to DE. If it breaks the level of 397.06, we could see an attempt to fill the imbalance below to 400 or as low as 390. Right now, this looks like a failure swing for the upside when it pushed back down below the bull flag breakout. Conclusion - DE is in a bit of a no man's land. When it pulled back, it formed what could be the beginnings of a harami candle pattern. Though you could argue this could be a breakout retest, it's too close for comfort, making the bear case seem more relevant. It's safer to take the trade above 408.39 than to be too presumptuous. We have to see where it goes from here. Bullish above - 408.39 Bearish below - 397.06
NYSE:DE
by JDTheGreat
US30 Retracement Intraday? 12.07.2023The U.S. stock market is on the upside after a strong appreciation. The index moved rapidly upwards following the 1% reported drop in annual inflation for the U.S. the market participants expect obviously a revision in policy. Will hikes take place or not? The market does not think so, let's see. A retracement for today is possible before the uptrend continues. __________________________ Information Regarding Important News and Figures can be found here in our Economic Calendar: mau.bdswiss.com/economic-calenda... Risk Warning: Trading in CFDs is highly speculative and carries a high level of risk. It is possible to lose all of your invested capital. These products may not be suitable for everyone, and you should ensure that you fully understand the risks taking into consideration your investment objectives, level of experience, personal circumstances as well as personal resources. Speculate only with funds that you can afford to lose. Seek independent advice if necessary. Please refer to our Risk Disclosure. BDSwiss is a trading name of BDS Markets and BDS Ltd. BDS Markets is a company incorporated under the laws of the Republic of Mauritius and is authorized and regulated by the Financial Services Commission of Mauritius ( FSC ) under license number C116016172, address: 6th Floor, Tower 1, Nexteracom Building 72201 Ebene. BDS Ltd is authorized and regulated by the Financial Services Authority Seychelles (FSA) under license number SD047, address: Tenancy 10, Marina House, Eden Island, Mahe. Payment transactions are managed by BDS Markets (Registration number: 143350).
BLACKBULL:US30Short
by Stuart_Cowell
1
GBPUSD Reversal Retr 10.07.2023GBPUSD pair has been experiencing high volatility today. The reversal started at 16:00, BOE Gov Bailey was speaking at 18:00. The GBP appreciated greatly and the GBPUSD ended up crossing the 30-period MA on its way up. Time to reverse possibly. As per the Fibo level and the arrow. Lets see. __________________________ Information Regarding Important News and Figures can be found here in our Economic Calendar: mau.bdswiss.com/economic-calenda... Risk Warning: Trading in CFDs is highly speculative and carries a high level of risk. It is possible to lose all of your invested capital. These products may not be suitable for everyone, and you should ensure that you fully understand the risks taking into consideration your investment objectives, level of experience, personal circumstances as well as personal resources. Speculate only with funds that you can afford to lose. Seek independent advice if necessary. Please refer to our Risk Disclosure. BDSwiss is a trading name of BDS Markets and BDS Ltd. BDS Markets is a company incorporated under the laws of the Republic of Mauritius and is authorized and regulated by the Financial Services Commission of Mauritius ( FSC ) under license number C116016172, address: 6th Floor, Tower 1, Nexteracom Building 72201 Ebene. BDS Ltd is authorized and regulated by the Financial Services Authority Seychelles (FSA) under license number SD047, address: Tenancy 10, Marina House, Eden Island, Mahe. Payment transactions are managed by BDS Markets (Registration number: 143350).
Short
by Stuart_Cowell
PLUG rises out of retracement of previous uptrendPLUG on the 4H chart presents healthy price action. It uptrended for a month starting in mid-May and then completed a 50% Fibonacci retracement from which it pivoted on Tuesday, June 27th. The zero-lag MACD shows a classical cross of lines under the histogram while the histogram was changing from negative to positive. Likewise, the RSI bottomed out at 32 and ascended to 55. All things pointing toward a well-established reversal, I will open a long trade here targeting the previous pivot high of 11.75 ( a tweezer top) on June 14th. The stop loss is 9.8 at the level of the pivot highs of June 7th. The trade potentially offers 15% profit in a week or two with minimal risk.
NASDAQ:PLUGLong
by AwesomeAvani
GBPCAD Retracement? 07.07.2023Fibonacci Expansion is used to identify the potential retracement level at 61.8%. The pair is expected to fall after breaking the support levels providing more evidence of a further downward movement. __________________________ Information Regarding Important News and Figures can be found here in our Economic Calendar: mau.bdswiss.com/economic-calenda... Risk Warning: Trading in CFDs is highly speculative and carries a high level of risk. It is possible to lose all of your invested capital. These products may not be suitable for everyone, and you should ensure that you fully understand the risks taking into consideration your investment objectives, level of experience, personal circumstances as well as personal resources. Speculate only with funds that you can afford to lose. Seek independent advice if necessary. Please refer to our Risk Disclosure. BDSwiss is a trading name of BDS Markets and BDS Ltd. BDS Markets is a company incorporated under the laws of the Republic of Mauritius and is authorized and regulated by the Financial Services Commission of Mauritius ( FSC ) under license number C116016172, address: 6th Floor, Tower 1, Nexteracom Building 72201 Ebene. BDS Ltd is authorized and regulated by the Financial Services Authority Seychelles (FSA) under license number SD047, address: Tenancy 10, Marina House, Eden Island, Mahe. Payment transactions are managed by BDS Markets (Registration number: 143350).
Short
by Stuart_Cowell
USDCHF - Retracement Complete? Possible Bullishness?Analysis: As we're clearly able to see price was in this downwards trend however we've recently broken out of that trend showing a market shift, indicating possible bullishness. Price tried to push higher over the last month but we've since seen price pullback to the area where price broke out of and we expect that this will be a key level which will hold as support and price will continue its upwards reversal. To add to our idea at this level we also have the 61.8% fib level which is often regarded as the most important fib level as it's the one that is respected the most often, so this gives us more confluence to be long, especially from this area. Fundamentally as well the USD is the 2nd strongest major currency where as the CHF is the 5th strongest major currency so fundamentally this already favours our idea. Looking further though we've seen a decrease in long positions on the USD but we saw an even bigger decrease on short positions for the USD by institutions signalling again that there could be more bullishness for the USD to come. The CHF on the other hand had a huge decrease in long positions and an increase in short positions by institutions so this is telling us that we don't want to be going long on the CHF. Institutions have access to a lot more data then retail traders so if they are shorting a currency then there is usually a good reason behind it that the retail traders may not see. Institutions are also the "big money" in the markets so going against the "market movers" is a difficult game to win which is why we take into account institutional positioning. Overall we have a technical and a fundamental bias to be going long on USDCHF which is why we have a bullish bias. Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read. We appreciate it all. Stay Safe - JPI Disclaimer: This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does to. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.
Long
by jpeacockfx
53
NVIDIA - Momentum but need to 'slow down' before continuationNVIDIA is a renowned technology company known for its cutting-edge advancements in areas like artificial intelligence, gaming, and high-performance computing. With a strong track record of innovation and a leading position in its industry, NVIDIA has established itself as a standout company. Since October 2022, NVIDIA shares have been on an upward trajectory, and during that time plenty of opportunities (that I all missed!) in buying at breakout points from a solid base and also from a pullback and B. Looking ahead, there is an anticipation of NVIDIA's stock continuing its upward momentum next week. The missed daily pivot on Friday suggests a potential continuation of buyer's control. Having said that, I do hope the bullish momentum come to a 'halt' when it testing the all time high at $440.27 and then start to make a solid pullback and perhaps form a base above the moving averages, before the stock makes new all time high throughout the year.
NASDAQ:NVDALong
by sufiansaid
6
MID TERM - LONG UPTRENDGold is expected to retest the resistance level at $1960 and then retrace back to the $1885 level. Let's break down this idea logically: Influence of liquidity pools on the potential retesting of the $1960 level and subsequent retracement to $1885 in gold. Liquidity Pools: A liquidity pool refers to a pool of funds provided by market participants to facilitate trading in decentralized exchanges or other financial platforms. These pools contribute to market liquidity, allowing for efficient trading and price discovery. Resistance at $1960: If there is a significant liquidity pool near the $1960 resistance level, it can impact market dynamics. A well-capitalized liquidity pool can attract sellers as the price approaches the resistance, potentially leading to increased selling pressure and a retest of the resistance. Retracement to $1885: Liquidity pools can also influence price retracements by providing liquidity and support levels in the market. Retracement to $1885: If there is a substantial liquidity pool or a cluster of buy orders near the $1885 level, it can act as a support zone. Traders may anticipate buyers stepping in to take advantage of the liquidity provided by the pool, potentially leading to a retracement in price toward the $1885 level. Considering the presence of liquidity pools near resistance and support levels, traders who predict a retest of the $1960 resistance level and a subsequent retracement to $1885 may base their thesis on the potential impact of liquidity pools on market behavior. Please note that market conditions can change rapidly, and various factors can influence gold prices. It's essential to conduct thorough research, monitor market trends, and use appropriate risk management techniques when making trading decisions.
OANDA:XAUUSDLong
by ashenfernando001
2
USDJPY retracement at the highAfter a few indecision candles at the high, followed buy a volume push up to a major resistance, I became alert that a bearish setup might present. Friday closed off with a variation of a bearish engulfing. When price closes beyond a price then closes right back beneath it its a sign that this price is being rejected. Naked analysis tells us that the 1hour chat has already began its downward momentum. A minor double top formed. My short entry was based on the high volume bearish engulfing re-test at the neckline. The 30MIN chart has begun creating its lower highs and lower lows. This is a short scalp. the buy will likely present later in the week.
Short
by DesharedPierreJr.
1
NQ Power Range Report with FIB Ext - 6/23/2023 SessionCME_MINI:NQU2023 - PR High: 15236.50 - PR Low: 15225.50 - NZ Spread: 24.5 Economic Events: 09:45 – Services PMI Strong supply run prev session. - strong inventory run through Asian hrs - retraced about 1/3 of prev range - 1st hr opened with small range - inventory already dropped to bear zone moon Evening Stats (As of 2:45 AM) - Weekend Gap: N/A - Session Open ATR: 232.31 - Volume: 35K - Open Int: 250K - Trend Grade: Neutral - From ATH: -9.7% (Rounded) Key Levels (Rounded - Think of these as ranges) - Long: 15533 - Mid: 15247 - Short: 14675 Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
CME_MINI:NQU2023Short
by mv3trader5
Overextended? Broke over 0.618 RetracementPushing over top of Bolly Band. 400 pips above the 50DMA. Last time we saw this it gave up 100 pips in 2 days. But it could still go to the 0.786, another 100 pips above. After a melt-up like this the price may continue to creep higher for days, then give a retracement, printing a 'fishhook'. PA on 6/15 was astonishing. Opened and closed twice thinking; "That was the top!" then watched in amazement as it bulled another 20 pips... twice. Blowoff top?! Short-killing, massively overbought condition. Buying up here is unlikely to be rewarding... but shorting it here could be even more disappointing. A Chinese invasion of Taiwan would bring it to a full stop, eh? Would not short on a Friday, even triple witching. Early chop could give way to another leg up... If price prints a bull flag in early trade, as it did Thursday, could get another massive short-covering rally EOD. The rally in tech issues may be nearly done. Extremely overbought conditions with some issues (MSFT, AAPL) printing new ATH, trillion dollar caps... frothy exuberance. The broader market has lagged tech until this week. Rotation in and out of small caps smacks of speculative manipulation. Expect more of the same in the coming days. Yesterday's winners become tomorrow's losers. Trading tops is tricky. Maybe better to stay in cash until we get a pivot signal imo. Standing in front of this train has been a poor strategy but could pay soon... due for a correction imo. When it comes it will be as surprising and astonishing as this rally... back over the same range. Again.
TVC:SPXShort
by DaddySawbucks
4
Long AUDJPY Retracement 20.06.2023 H4 Chart the market is retracing as it seems for the pair. AUDJPY Fibo tool used to identify the comeback. __________________________ Information Regarding Important News and Figures can be found here in our Economic Calendar: mau.bdswiss.com/economic-calenda... Risk Warning: Trading in CFDs is highly speculative and carries a high level of risk. It is possible to lose all of your invested capital. These products may not be suitable for everyone, and you should ensure that you fully understand the risks taking into consideration your investment objectives, level of experience, personal circumstances as well as personal resources. Speculate only with funds that you can afford to lose. Seek independent advice if necessary. Please refer to our Risk Disclosure. BDSwiss is a trading name of BDS Markets and BDS Ltd. BDS Markets is a company incorporated under the laws of the Republic of Mauritius and is authorized and regulated by the Financial Services Commission of Mauritius ( FSC ) under license number C116016172, address: 6th Floor, Tower 1, Nexteracom Building 72201 Ebene. BDS Ltd is authorized and regulated by the Financial Services Authority Seychelles (FSA) under license number SD047, address: Tenancy 10, Marina House, Eden Island, Mahe. Payment transactions are managed by BDS Markets (Registration number: 143350).
Short
by Stuart_Cowell