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Shortsetup

GBPNZD strong momentum playThere's strong downward momentum observed on the HTF, with price forming a double top followed by a downward move. Currently, there's a consolidation phase just through the previous swing low. I'm awaiting further confirmation before considering my next move. Given the potential inflection point at hand, it's crucial to wait for clear confirmation signals. I'm specifically looking for a more structured consolidation bear-flag pattern on the hourly timeframe (H1) before setting my EO. *********** Glossary: VA – Value Area Liq.P – Liquidity Point BO – Break-Out EO – Entry Order H1 – Hourly Time-frame M15 – 15min Time-frame LTF – Lower Time-frame HTF – Higher Time-frame Magenta horizontal Ray – Area of Interest Magenta rectangle – Gap / Area of Significance ***********
Short
by kalganid
GBPUS - Wycoff Distribution and what to expect in comming weeksThe GBPUSD pair is currently exhibiting trading behavior within the range of 1.25300-1.27500, a pattern that aligns with the principles of the Wyckoff theory, a framework used to analyze market trends and anticipate future price movements. This current phase appears to reflect a redistribution phase within the Wyckoff model, characterized by a period of consolidation and distribution of assets among market participants. In the context of Wyckoff theory, the completion of phases A and B signals the transition into phase C, which typically involves a climactic event that triggers a change in market sentiment. In this case, the recent entry into phase C coincided with a climax buy following the release of initial USA economic data on Friday, suggesting a potential shift in market dynamics. Furthermore, technical analysis reveals the presence of the 61.8% Fibonacci retracement level around the 1.27 level, which has historically served as a significant resistance level. The convergence of this Fibonacci level with the current trading range adds another layer of significance to the price action, potentially reinforcing the distribution phase described by the Wyckoff theory. Looking ahead, market participants are closely monitoring upcoming events such as Powell's testimony and the release of NFP data, both of which have the potential to influence market sentiment and trigger significant price movements. Additionally, the impending 2024 United States primary elections scheduled for March 5th are expected to introduce heightened volatility and uncertainty into the market environment. Despite the short-term fluctuations and potential upside movements driven by these events, the overall market sentiment remains cautious, as evidenced by the recent closure of the monthly candle in the red. This bearish signal suggests a prevailing downward bias, with further downside potential in the near future. Taking into account the broader market context and technical indicators, including the Wyckoff distribution phase, the 61.8% Fibonacci retracement level, and upcoming fundamental catalysts, we anticipate a downward movement towards the 1.18 level on the GBPUSD pair in the coming weeks. It is important to note that this analysis is based on historical patterns and technical indicators and should not be construed as financial advice. Individual traders should conduct their own research and consider their risk tolerance before making any trading decisions.
Short
by Coder775
3
SasanSeifi 💁‍♂Short-Term Price Movement in 2-Hour ChartBINANCE:ATOMUSDT As observed in the 2-hour timeframe, the price is currently trading and ranging within the $8.37 price area after minor fluctuations. The price is crossing above the EMA60. Short-term Scenario (2 hours): If the price consolidates above the EMA60, a potential short-term scenario could be for the price to move towards the $8.50 - $8.70 zone with minor positive fluctuations, followed by a minor pullback and another upward movement towards the $9 supply target zone. To better understand the continuation of the price trend, observing how the price reacts to the supply zone is crucial. The potential short-term trend is also illustrated in the above chart. This is not financial advice. Always do your research before making any investment decisions. Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help!✌ if you found my analysis helpful, I would appreciate it if you could show your support by liking and commenting. Thank you!🙌
Long
by SasanSeifi
NASDAQ: Potential Bearish Reversal - Short SetupThesis: Geopolitical uncertainty (war) may trigger risk-off sentiment. Sideways price action suggests distribution pattern forming. Bearish divergence on higher timeframes indicates weakening momentum. ABCD pattern supports a potential reversal from the distribution zone. Entry: Short below the distribution support level (yellow rectangle on your chart). Stop Loss: Above the distribution resistance level (yellow rectangle on your chart). Target: Open to interpretation based on your risk-reward profile, but consider key support levels below. Risk Management: Clearly define your risk tolerance and position size before entering the trade. Notes: This is a swing trade idea, so a longer time horizon may be required. Keep an eye on news and economic data releases that could impact market sentiment. Manage your trade actively and adjust your stops as needed.
OANDA:NAS100USD
by abubakarmansoor
1
BTC !! Adjust before HAVING zone 60,000⭐️ Smart investment, Strong finance ⭐️ CRYPTO INFORMATION: Bitcoin's price has experienced a significant decline since April 9. However, the downward trend has become more pronounced in recent days due to three primary factors. Firstly, the escalating confrontation between Iran and Israel has contributed to the market's unease. The former Mossad intelligence chief's statement suggesting a potential strike on Iran's nuclear facilities has heightened tensions and caused panic among investors. As a result, many are seeking refuge in traditional assets like gold and silver, further impacting Bitcoin's price. Secondly, Federal Reserve Chair Jerome Powell's recent hawkish stance has added to the market uncertainty. In a Tuesday announcement, Powell expressed the Fed's continued lack of confidence in inflation levels. He indicated that interest rates may remain higher for an extended period. This unexpected reversal caught the market off guard, as it had been anticipating a rate cut in June. Now, there is doubt regarding the possibility of any rate cuts in the near future. Lastly, the ongoing COVID-19 pandemic and its impact on global economies have also played a role in Bitcoin's price crash. As countries struggle to contain the virus and deal with its economic repercussions, investors are becoming increasingly cautious and seeking safer investment options. These catalysts, combined with other market factors, have contributed to the current decline in Bitcoin's price. ⭐️ Personal comments NOVA: BTC corrects around $60,000 before HAVING. Price range $50,000 - $52,000 is a good price range for the uptrend period to begin ⭐️ SET UP BTC PRICE: 🔥SELL BTC zone: $64.200 - $63.900 SL $64.700 TP1: $63.000 TP2: $61.500 TP3: $60.000 🔥 BUY BTC zone: $60.000 - $60.200 SL $59.400 TP1: $61.500 TP2: $62.200 TP3: $63.000 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order. ⭐️ NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account - The winner is the one who sticks with the market the longest
Short
by Nova-Scalper
3
BTC on the way downBitcoin (BTC) against Tether (USDT) is currently priced at $69,731. After an unsuccessful retest, it is anticipated that BTC will undergo another retest before plummeting to a support level of $52,500 to $52,800. The unsuccessful retest indicates a potential weakening in the buying momentum, leading traders and investors to anticipate a decrease in price. This forthcoming retest is viewed as a critical juncture; if Bitcoin fails to maintain its position or show strength, it may trigger a sell-off, driving the price down to the identified support range. MFI on 4h looks, so there can be some trap, ADX low, lets hope it is safe to open position. 1. Target 53 000
Short
by Bitcoinblockchainonline
Gold is still in an Uptrend - waiting for a DOWN rhythm⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The price of gold began the week on a positive note, rising in early trading. This increase was primarily driven by the escalating conflict between Iran and Israel over the weekend. Concerned investors sought refuge in gold, a traditional safe haven, as they prepared for the new week after Iran's drones attacked Israel on Saturday evening. The price of gold continues to be supported by market fears that Iran's unprecedented strike on Israel could lead to retaliatory actions. However, there is some comfort for the markets as the UK, France, and Egypt have condemned Iran's actions, and Saudi Arabia has called for restraint. This has helped to improve risk sentiment, creating a more favorable atmosphere in early Asian trading. ⭐️ Personal comments NOVA: Still within the two upward trend lines - buying volume is decreasing. Wait for a downward adjustment ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2329 - $2327 SL $2322 scalping TP1: $2335 TP2: $2340 TP3: $2350 🔥BUY GOLD zone: $2305 - $2303 SL $2297 TP1: $2312 TP2: $2325 TP3: $2335 🔥SELL GOLD zone: $2381 - $2383 SL $2388 TP1: $2370 TP2: $2360 TP3: $2350 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order. ⭐️ NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account - The winner is the one who sticks with the market the longest
OANDA:XAUUSDShort
by Nova-Scalper
7
what is the next move ? 🐺🤔Hello my friend . I hope you fine ; if you readed my previous idea about BTC and also BTC.D probably you are one the people who actually survived form previous dump and now enjoy the profits ; if you missed them you can check them below : BTC.D : BTC : So let's talk about the current BTC situation ; if you look at the daily chart you could defiantly see an obvious support level around the 60500$ area which is very important for BTC , if we lose this support the next support level is around the 50400$ and the ultimate support is somewhere around the 46000$ . but for the bullish scenario we have to wait for the breakout from the downward slopping trend line which represents by the blue line , and in my opinion if BTC break above it we will see a massive run up to the 100K and even more so make sure to prepare your self for the both scenarios . Have nice trades... 🐺
Short
by Kiu_Coin
1
GBP/USD Short Setup - 13/04/2024Market Analysis: GBPUSD has been trading in a downward trend over the past few weeks. Recent economic data releases have shown signs of weakness in the UK economy, including lower-than-expected GDP growth and concerns over inflationary pressures. Additionally, uncertainty surrounding Brexit negotiations and political developments continues to weigh on the pound's strength against the US dollar. Risk Management: Consider position sizing to ensure that the potential loss on the trade does not exceed your risk tolerance. Monitor economic events and news developments that could impact the GBPUSD pair, and be prepared to adjust the trade accordingly. A short position on GBPUSD appears to offer a favourable risk/reward opportunity for next week. However, remain vigilant and adapt to any changes in market conditions or unexpected news events. Please like and comment if you agree with this analysis.
Short
by Ryan-L
3