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Technical Analysis

Thu 5th May 2022 Daily Forex Charts : 5x New Trade SetupsGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified 5x new trade setups this morning. As usual, you can read my notes on the chart for my thoughts on these setups. The trades being a AUD/CHF Buy, AUD/USD Buy, EUR/USD Buy, GBP/CAD Buy & NZD/CAD Buy. Just watch the correlation here when it comes to risk also. I also discuss some trade management from overnight. Enjoy the day all. Cheers. Jim
by JAGfx
ES SPX At A CRITICAL Probabilities Zones...2008 Again or 5150 ?In this key video, let's review what could happen to the ES SPX at critical zones and Probabilities in the coming week. First, keep an eye on the fear factor - the VIX index. If we have a flush down, then I expect the algos to come in and squeeze the ES, SPX and cryptos back up. Even in a bear market we have violent squeezes around round numbers like 4000 where the manipulate the markets with flushes and squeezes. Second, watch the dollar ($DXY) - if it goes back down, it will support risk on assets and thus support the ES and SPX around the 3800 level. See my prior video on the VIX index for a refresher on risk on and risk off assets. Remember trading is all about probabilities and there are no absolutes in trading. Stay flexible and go with the order flow. Hope its helps Have a great week everyone Marc
CME_MINI:ES1!
by PowerIndicators
5
EURJPY So what now ????👍👍👍👍This is EURJPY on the 15mins Timeframe, Price broke a support and presently ranging which formed a little bullish channel as spotted on the chart. We will patiently wait for the price to break the current channel upward or downward. IF broken upward, Price might retest the broken support @ 137.127 and start selling and price might also violate to form a false break out and start buying upward WE DON'T PREDICT. WE REACT TO WHAT WE SEE WATCH OUT 1. Break of current channel either upward or downward 2. A possible retest of broken support @ 137.127 3. Candlestick confirmation Kindly like👍 , comment your thoughts and share🙏
by THERUFFTRADER
GBPJPY looking nice🤪🤪🤪GBPJPY has been trending upward (BULLISH) for a while, But presently got rejected on a significant high and psychological key level of 168.000, The daily candlestick ended with a big bearish candle. Is this the beginning of a Bearish Reversal for GBPJPY ???? We don't PREDICT We REACT WATCH OUT 1. A possible break below current support around 165.000 2. A retest of structure around 166.600 broken support 3. Candlestick confirmations 4. Fibonacci as illustrated in the video above KINDLY COMMENT BELOW, LIKE AND REPOST💙💙💙💙💙
by THERUFFTRADER
GBP/USD - Short Sell Fundamental and Technical Set UpThe British pound continues to come under selling pressure as the UK grapples with high inflation, caused by high energy prices, supply chain issues, and a cost of living crisis forcing consumers to lose confidence in their future economic prospects and drastically cut back on spending. The UK economy is expected to fall into a recession, whilst a recession in the US is still under debate given the strength in the labor market. I am looking at taking a short sell position below $1.28 on the exchange rate.
Short
by KayansMarkets
1
Thu 21st Apr 2022 Daily Forex Charts : 3x New Trade SetupsGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified 3x new trade setups this morning. As usual, you can read my notes on the chart for my thoughts on these setups. The trades being a AUD/USD Buy, EUR/USD Buy & NZD/USD Buy. Just be aware of your overall risk here due to the high correlation between these 3x pairs. I also discuss some trade management. Enjoy the day all. Cheers. Jim
by JAGfx
1
Nifty Gann Predictions/Levels for Tomorrow w/ Options StrategiesNifty has taken support around 17 080 right here at S1 okay and it's going kind of sideways so let's quickly have define our support and resistance levels using GANN angles I'm taking the first Target for resistance at the price just above the high above the present price which was previously support around 17440 which is we call that r1 our first support is just below our presence supported and we're calling that s1 at 850 168.50 and one below that at um 600 Okay calling that s2 so where these supports and resistances intersect right those are they act as support and resistance levels depending on where your price is at the moment for your convenience i have labeled the support levels in green as you can see here and our resistance levels in red okay As you can tell our first support at 1710 followed by 950 excuse me followed by 980 below that is 950 then we have 900. so there is substantial support for nifty below 17 and 900 between these two prices all right and the resistance is at 140 17 140 Followed by 240 260 and since i ran out of space to put a couple of more labels we have another resistance at 3 30. 3 30 followed by 4 440 okay so how would you trade a market with so many close together supports and resistances right one option strategy in a sideways market since um that's What the support and resistance levels are telling us that nifty could remain in the range of 400 to 900 for some time before breaking out above 400 or below 900 all right so a few option strategies on a sideways market where our uh the vix itself is falling we are below 20 As i speak so in a low volatility situation how would you make money trading options so the most trusted option strategy in a sideways market is an iron corn door okay an iron condor you can look up what an iron corn door is i'm not going to go into much detail there and a second one is a short straddle although the short straddle carries unlimited risk i would avoid that i Would go for a short strangle between 3 30. okay we sell a call at 3 30 and we sell a put at 900 okay that would create a short strangle okay so these are some of the option strategies you could use in a sideways market and Let me quickly redefine the support and resistance levels you might want to write this down supports at 17 nearly 17 0010 followed by 980 950 and 900. okay if 900 is broken then obviously we are looking at eight around 850 830 and 800 as your final supports and uh for Resistances we are talking seventy thousand one forty currently trading above that the next followed by seventy two forty two sixty i doubt the 260 will be able to overcome today okay and for tomorrow our resistance could be around 3 30 and 4 40 In case the market goes up okay essentially filling up this gap right here all right guys so uh if you have any questions put them down in the comment section i will get back to you good luck and i hope your trades are profitable see you in the next one. Good Luck!
NSE:NIFTY
by MonsterOptions
GBPNZD!!! What's up ???? 🙊GBPNZD has been trending upward on the 4H timeframe due to the RBNZ news impact last week and presently ranging on a resistance and psychological key level of 1.93000. Price has failed to break the 1.93000 resistance area twice as explained in the video but the price is currently heading for a third touch on the marked level. WOULD THIS LEAD TO A REJECTION FOR A SELL OR BREAK ABOVE FOR A BUY ???? WATCH OUT FOR 1. Bearish Price action candlestick 2. Market Behavior Kindly comments your thoughts below👇👇👇👇
by THERUFFTRADER
2
The Element of Time - The Most Underrate Technical Analysis ToolMarket timing is an essential tool whether you're a day-trader, portfolio manager and/or long-term investor. I present to you the most underrated technical analysis tool in the space of retail trading. The purpose of this short educational webinar is to open your eyes to something you don't hear about abundantly because it is the most disregarded aspect of trading in my opinion. As an intraday trader, my main focus is on the speculation of "the next daily candle". However, I first analyze and project on "the next weekly candle". Each weekly candle is broken into 5 individual daily candles, and each daily candle is broken down into 3 main market sessions - namely, Asia, London & New York Session. You'll find that my main focus in this lesson is on the day in which you find a lower / upper wick being created on the weekly candle. More often than not, "Tuesday" typically forms the low of a bullish weekly candle, and the high of a bearish weekly candle. Watch the lesson entirely, take notes, but most importantly, let it open up the opportunity for you to exponentially elevate your trading skillset.
Education
by Maroun4x
9