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USDCAD Finishing the expanding structure before reversalPrice is forming an expanding structure into a HTF Liq.P. Considering DXY is approaching a resistance area, indicating USD might be ready for an exhaustion. If price breaks above the Liq.P , finishes the expanding and closes back in; I will wait for the 1st continuation flag on the LTF for an entry short. *********** Glossary: VA – Value Area Liq.P – Liquidity Point PiPo – Pivot Point BO – Break-Out 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
EUR / JPY !! SELL NOW resistance zone ⭐️ Smart investment, Strong finance ⭐️ EUR/ JPY INFORMATION: The price touched the long-term resistance zone H4, overbought. There is no important economic news on EURJPY, setting up a SELL signal ⭐️ SET UP EUR/ JPY PRICE: 🔥SELL zone: 163.450 - 163.600 SL 164.000 TP1: 163.100 TP2: 162.800 TP3: 162.500 ⭐️ 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
XAUUSD Are the bears back???Hello traders, taking a technical look on the precious metal that has of recent days seen some very strong push higher making an all time high at around 2195.235 . After price made the above high we note price has been making a sequence of lower highs while holding the low at 2153.765 . The above has in turn formed a bearish triangle that could see price fall toward previous low 2112.705 . Key to note is that we do have some very busy week from a fundamental perspective with different central banks set to announce rates. It will important to keep an eye out on the FOMC rate decision and also the mood by the members. The markets are anticipating the Fed to hold the rates as they are and it is this point that it will be important to gauge if they fed hint at any rate cuts any time soon.
OANDA:XAUUSDShort
by geekyfxke
eBay: Is the Big Turnaround Coming? Looking at the eBay chart, we believe that Wave (1) and (2) were completed at $4.17, as well as Waves (3), (4) and (5). However, we've had some uncertainties regarding the positioning of Wave (3). Nonetheless, where we've positioned Waves (3) and (4) makes the most sense to us. Regardless, it could still be considered that Wave (5) and the overarching Wave I have truly peaked at $81.19. Zooming in on the 4-hour chart, it seems more like we are dealing with an extended Wave II rather than a different downward correction. Thus, we don't believe that $81.19 marks the position of Wave (3), as we're dealing with a 5-wave impulse downwards. This could indicate we're looking at a zigzag movement, broadly marked as (A), (B), then (C). We believe we have already seen the subordinate Waves A and B, and now we should be developing a 5-wave impulse upwards to complete Wave C and the overarching Wave (B) between 61.8% and 78.6%. Afterward, we should see another significant drop. For eBay, we're operating on a higher timeframe, so this process will take longer. However, once we reach there, it will present excellent entry opportunities for us to build a long-term position.
NASDAQ:EBAYShort
by stromm_by_wmc
Continued DOWN correction for Gold !! Decrease⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold price (XAU/USD) attracts dip-buying in Asian session, reversing part of previous day's profit-taking slide to $2,150 area. US Treasury bond yields ticked higher after warmer than expected US consumer inflation for February, boosting the US Dollar (USD) and exerting downward pressure on gold. Bullish run in US equity markets also contributed to flow away from safe-haven precious metal. ⭐️ Personal comments NOVA: After yesterday's CPI data, it is good for the Gold dollar to fall. In line with the DOWN adjustment, Gold prices continue to decline to create more liquidity and further accumulation ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2125 - $2127 SL $2120 TP1: $2135 TP2: $2148 TP3: $2155 🔥BUY GOLD zone: $2135 - $2133 SL $2130 scalping TP1: $2140 TP2: $2148 TP3: $2155 🔥SELL GOLD zone: $2168 - $2170 SL $2175 TP1: $2160 TP2: $2150 TP3: $2140 ⭐️ 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
4
Gold price - CPI waits for a DOWN adjustment⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold prices remained relatively unchanged towards the end of the North American session as traders prepared for the release of February's US Consumer Price Index (CPI) data. It is expected that the headline figures will remain unchanged, while core data is anticipated to cool down. This could put pressure on the US Dollar and provide a boost to XAU/USD. Currently, the price of Gold is trading at $2,180.60, showing minimal movement. In the previous week, the price of Gold reached a record high of $2,195.15, just shy of breaking the $2,200 mark. This occurred after Jerome Powell, Chair of the US Federal Reserve (Fed), testified at the US Congress and acknowledged that inflation was decreasing. Powell mentioned that eventually, the Fed would begin to implement more accommodative policies, but stressed that the central bank's decisions are reliant on data. Despite expressing confidence that inflation is gradually decreasing, Powell emphasized that there is no urgency to lower borrowing costs. ⭐️ Personal comments NOVA: US CPI data assesses the current level of inflation. It's time for a DOWN adjustment to create liquidity for the market ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2135 - $2137 SL $2130 TP1: $2142 TP2: $2150 TP3: $2160 BREAK OUT price range: SELL: $2175 BUY: $2185 🔥SELL GOLD zone: $2198 - $2200 SL $2205 TP1: $2190 TP2: $2175 TP3: $2160 ⭐️ 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
2
CHFJPY Short opportunity with 2.5 RR ratioHello guys, Here I am again, According to Elliott Wave Theory, CHFJPY appears poised for a downward movement based on the formation of a five-wave impulse pattern, with wave 5 about to start. Furthermore, the emergence of an evening star pattern reinforces the potential for a trend reversal. An evening star is a three-candlestick pattern characterized by a bullish candlestick, followed by a small-bodied candle, and then a bearish candlestick that closes below the midpoint of the first candle. This formation indicates weakening bullish momentum and the possibility of a shift towards a downtrend. Consequently, traders may anticipate a downward movement in CHFJPY as the Elliott Wave pattern start the 5th wave which is bit slower and complexed. GL Disclaimer: Forex signals provided are for informational purposes only and should not be considered financial advice. Trading forex carries inherent risks, and users should exercise caution and conduct their own research before making any trading decisions.
Short
by techmaker
1
Shorting $GLD here looks like a good tradeEveryone has been bullish gold here, but the idea never made sense to me. We're still in the beginning of a market downturn, and if S&P and QQQ go down, gold is going to go down too. Now the chart is also confirming my thoughts. We just went up and retested previous support as resistance and now we look to be forming a lower high on lower timeframes. This looks like a great spot to short the pet rock. Idea would be to go short here and buy as we get closer to the orange and green supports.
AMEX:GLDShort
by benjihyam
21