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Shortsetup

Expect an inevitable adjustment XAU / USD ✍️ NOVA hello everyone, Let's comment on gold price next week from 11/3 - 15/3/2024 🔥 World situation: The price of gold (XAU/USD) surged to a brand new record high above $2,180 during the early New York session on Friday. This was driven by a decrease in yields on 10-year US bonds, which fell to 4.04% after the release of the US NFP data. Market expectations for the Federal Reserve (Fed) to lower interest rates in the June policy meeting have increased due to a significant slowdown in wage growth and a higher Unemployment Rate. According to the United States Bureau of Labor Statistics (BLS), the Unemployment Rate rose to 3.9%, surpassing expectations. The previous reading was 3.7%. However, Nonfarm Payrolls (NFP) for February exceeded expectations at 275K, compared to a forecast of 200K. Nonetheless, it remained lower than the previous reading of 353K. 🔥 Identify: FOMO from the markets during the week was huge. Along with the US economic news, which is mostly beneficial for Gold, it pushes the price of Gold up and increases sharply This week, NOVA expects an inevitable DOWN correction for Gold 🔥 Technically: Based on the resistance and support areas of the gold price according to the H4 frame, NOVA identifies the important key areas as follows: Resistance: $2200, $2210, $2220 Support : $2132, $2110 🔥 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
1
MINA Analysis: Potential Correction, SELL or BUY Setup?!🍣📈Weekly Channel Breakout and Retest: MINA previously broke out of its weekly channel and reached its target successfully. The recent breakdown below the channel indicates a loss of bullish momentum and potential for a retracement. 🔍📉Corrective Phase and Resistance Levels: If MINA undergoes a correction, it is likely to retrace upwards until reaching its weekly resistance level. A rejection at this resistance level, coinciding with the RSI reaching the daily blue resistance line, could present a selling opportunity. 🚫Early Sell Setup and Risk Management: A sell position could be initiated early at the current price level (below the lower channel line) using the red trigger line as confirmation. Trailing the stop-loss to the lower support zone can help mitigate risk and maximize profit potential. ✅Important Considerations✅ The overall market trend should be taken into account before executing any trades. Confirming the reversal with additional technical indicators and market sentiment analysis is essential. 🚫This analysis is for educational purposes only and should not be construed as financial advice. Always conduct your own research and employ sound risk management practices before trading. 🚫
by solinash1
2
13 Rand per dollar is comingremember my previous rand idea, this is what it is based on. Daily timeframe we sold around 19 rands, because we had just completed a correction cycle Y which is a top when looking on the weekly timeframe. From 19.80 rands we have been in a sideways correction, so for the correction cycle to be complete, we need to break below 17.60 and break above it again, otherwise we will continue dropping till 13 rand, which is my hopeium target for rands.
Short
by Theofylrx
1
GBP/ USD !! Resistance zone H4 !! SELL ⭐️ Smart investment, Strong finance ⭐️ GBP/ USD INFORMATION: The GBP/USD pair remains above the 1.2800 level in early Asian trading on Friday, supported by selling pressure on the US Dollar. Focus will be on the US labor market data for February. GBP/USD is currently trading around 1.2810, up 0.01% on the day. Federal Reserve Chair Jerome Powell presented the Monetary Policy Report and discussed potential interest rate cuts during a Senate Banking Committee meeting on Thursday. Powell suggested that rate cuts could happen soon if inflation signals cooperate, but did not provide a specific timeline. Investors anticipate the first cut to occur in June, with a total of four reductions by the end of 2024, amounting to a full percentage point decrease. ⭐️ Personal comments NOVA: Resistance zone H4, buying force weakens, setting up SELL signal ⭐️ SET UP GBP/ USD PRICE: 🔥SELL zone: 1.28050 - 1.28250 SL 1.28550 TP1: 1.27700 TP2: 1.27300 TP3: 1.27000 ⭐️ 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
6
#MATIC #MATICUSD #MATICUSDT #Polygon #Short #ShortSetup #Eddy#MATIC #MATICUSD #MATICUSDT #Polygon #Final #Update 'C' #Short #ShortSetup #Eddy I'll Think Its Time to short Crypto ;-) It's My New short setup on Polygon Matic <3 We are in the heavy supply order block range of the daily time frame, which is in the heart of the order block of the weekly time frame! You also enter into sales short positions after checking the multi-time frame and getting the necessary approvals & at your own risk. Related Analysis of Polygon Matic : (( MATIC/USDT )) : Check Link : Polygon Matic Short Setup in #Update 'B' : (( MATIC/USDT )) : Check Link : (( We got 19% profit in update 'B' ))
MShort
by Eddy_Trade_
GBP/NZD Possible Head and Shoulders Pattern Can Be Caught Soonon the 4h timeframe we can see the pair draw its own scenario after forming a head and shoulders pattern which is a reversal pattern. i will explain shortly how to trade it and where exactly to put our sell trade. in this case we have the left shoulder and the head are formed we are waiting for the right shoulder to be formed. we can measure with our fib tool our top will be the head and our bottom will be the neckline. at 61% or 71% fib level we can expect the point of the right shoulder. you can put a limit sell order or wait for a bearish price action around those levels
Short
by FX_Elite_Club
GBP/JPY Reversal pattern will Change the Direction Of The PairAfter moving to the upside for very long time on all time frames, we are witnessing a great reversal pattern on this pair referring to a big change in the main direction of this pair. the pattern is double top on the 4 hours timeframe. we can enter a sell trade on this pair directly or we can wait for a little re-tracment and retest of the neckline, from there we can enter a sell trade and our target will be around 200 to 250 pips.
Short
by FX_Elite_Club
BITCOIN KEY LEVELS!There is a very nice range shown on the BTC chart! I mapped out these levels to make it easier for you to see where the LONG opportunities and SHORT opportunities are. Let me know your thought sin the comments below Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade. Every day the charts provide new information. You have to adjust or get REKT. Love it or hate it, hit that thumbs up and share your thoughts below! This is not financial advice. This is for educational purposes only.
by Navitility
2
Gold Soars to Break Bearish Trend - Expected Correction Ahead!Today, gold managed to achieve a remarkable growth, breaking completely out of its downward trend. Important resistance for gold lies between 2084 - 2088, and I expect that with the market opening next week, it will start a corrective move from this range or slightly higher at 2092 - 2096. We have several reasons: Firstly, the downtrend line has been breached, indicating the need for further buying pressure to sustain the upward momentum, which typically requires a correction in a financial market. This rapid and extraordinary rise in the price of gold without any fundamental news or geopolitical tensions is unlikely and deceiving. In my opinion, the targets for the downside move could be 2077 - 2064 - 2052. I hope we all have a great weekend ahead! ❤️
OANDA:XAUUSDShort
by ChartSavant
3
GBP/ AUD !! Trendline and resistance !! SELL NOW ⭐️ Smart investment, Strong finance ⭐️ Personal comments NOVA: Monday's trading session did not have many fluctuations, the price area touched the trendline and resistance area, setting up a SELL signal ⭐️ SET UP GBP/ AUD PRICE: 🔥SELL zone: 1.94300 - 1.94500 SL : 1.94800 TP 1 : 1.94000 TP 2 : 1.93700 TP 3 : 1.93300 ⭐️ 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
2