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Technicaltrading

BluetonaFX - USDCAD Cup & Handle Pattern SHORT IdeaHi Traders! There is a potential cup and handle pattern forming on the 4H USDCAD chart, and there is potential for further moves to the downside depending on whether we get an important support price break. Price Action 📊 The market has had an up wave to start the cup pattern and a down wave to finish the cup pattern. The market has now almost reached our support level at 1.35618, and there is potential here for a market consolidation period, which will be the cup handle. We are looking for a momentum price break and a close below the support line at 1.35618 for further continuation to the downside. Fundamental Analysis 📰 Traders are currently nervous about the US dollar. With the Fed Minutes meeting tomorrow, the market will be looking for hawkish statements from the Fed in response to the very strong economic data recently published.   Support 📉 1.35618: SUPPORT LINE Resistance 📈 1.36022: PREVIOUS DAY'S HIGH Risk ⚠️ No more than 2% of your capital. Reward 💰 At least 4% of your capital. Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Short
by BluetonaFX
BluetonaFX - NZDJPY Rising Wedge SHORT IdeaHi Traders! There is a rising wedge pattern on NZDJPY, which signals a possible reversal of the bullish trend we have seen over the past few months. Price Action 📊 There was an aggressive upside price rejection candle followed by a momentum break below the 20 EMA. This shows that there may be new waves of bearish volume entering the market. We are looking for a bearish break and a close below the support trendline. Fundamental Analysis 📰 New Zealand left their interest rates unchanged, and the dovish statement from the RNBZ has left the NZD under some selling pressure. Support 📉 87.094: PREVIOUS DAY'S LOW Resistance 📈 89.251: PEVIOUS DAY'S HIGH Risk ⚠️ No more than 2% of your capital. Reward 💰 At least 4% of your capital. Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Short
by BluetonaFX
3
BluetonaFX - NZDUSD Bear Flag SHORT IdeaHi Traders! There is a bear flag pattern on NZDUSD, and there is a possibility of a continuation of the bearish trend if we get a break of the flag channel. Price Action 📊 There is a lack of bullish momentum in the market due to a lack of market swings to counter the bearish trend; this tells us that the bears are in full control of this market. We are looking for further bearish momentum to break and close below the flag's channel. Fundamental Analysis 📰 Traders are currently very bullish on the US dollar due to the very strong economic data and positive statements from the Federal Reserve. Support 📉 0.58892: FLAG CHANNEL SUPPORT Resistance 📈 0.60483: FLAG CHANNEL RESISTANCE Risk ⚠️ No more than 2% of your capital. Reward 💰 At least 4% of your capital. Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Short
by BluetonaFX
1
BluetonaFX - GBPUSD Descending Triangle SHORT IdeaHi Traders! GBPUSD is under serious pressure, and there is a possibility of price breaking below the four-month low. Price Action 📊 The market has reached the four-month low, creating a descending triangle pattern on the chart. We are looking for further bearish momentum to break and close the trendline support line. Fundamental Analysis 📰 The market's outlook on GBP is currently negative due to weak economic data recently released. Traders will be looking for positive statements from the Monetary Policy Summary later today.   Support 📉 1.23081: 4 MONTH LOW Resistance 📈 1.24216: PREVIOUS DAY'S HIGH Risk ⚠️ No more than 2% of your capital. Reward 💰 At least 4% of your capital. Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Short
by BluetonaFX
BluetonaFX GBPJPY Trendline Break SHORT IdeaHi Traders! GBPJPY is approaching its trendline support, and there is a possibility of a breakout to the downside. Price Action 📊 For the past four weeks, the market swings have consistently shown lower and lower lows, which indicates a current lack of buyers in the market. We are looking for a trendline support break and a close below the 180.814 level. Fundamental Analysis 📰 The market's outlook on GBP is currently negative due to weak economic data recently released. The outlook on the GBP looks very negative at the moment, and the demand for the currency is very low. Support 📉 180.814: MONTHLY LOW FOR SEPTEMBER Resistance 📈 181.958: PREVIOUS DAY'S HIGH Risk ⚠️ No more than 2% of your capital. Reward 💰 At least 4% of your capital. Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Short
by BluetonaFX
BluetonaFX - GBPUSD Triangle Opportunity Target HITHi Traders! Our GBPUSD descending triangle setup from this morning (PLEASE SEE LINK TO ORIGINAL IDEA BELOW) has hit the first target at 1.27814. After breaking the support level at 1.28038, there was bearish momentum at the break to continue comfortably to our first price target, and we just missed the second target by three pips.  Now we will wait and see if the market continues down to the second target at 1.27678 or if the market consolidates around 1.27814. Please like, comment and follow to support us, we greatly appreciate it. Thank you for your support.  BluetonaFX 
by BluetonaFX
2
AUDUSD BEAR FLAG 30/05/2023 IDEA UPDATEHi Traders! Our AUDUSD bear flag idea on the 30/05/2023 (LINK TO ORIGINAL IDEA BELOW) broke and closed to the downside of the flag around 0.64904 to fulfil our idea. We got to the 0.64583 level (near our 0.64500 forecast) when we noticed a big volume spike on our volume indicator. This let us know that a lot of traders were exiting positions due to the May 2023 Nonfarm Payrolls (NFP) announcement tomorrow. The market is now thin and volatile, so 0.64583 was a great exit price if you entered and held from the flag breakout at 0.64904. We will continue to analyse the markets and inform you if any opportunities arise, but please be careful as the markets are very thin and there is a current lack of volume due to the NFP announcement tomorrow. Please do not forget to comment, like and follow. We appreciate your support. Trade safely and responsibly. BluetonaFX
by BluetonaFX
2
GBPUSD 12/05/2023 IDEA UPDATEHi Traders! Our trendline break setup on 12/05/2023 fulfilled our idea, we rallied to retest the trendline break and had a small squeeze back inside the trendline before moving back down. There was a great risk-reward opportunity here for a re-entry short and we are now looking for another test of May 2023's lowest level at 1.24355 to see if we can break and continue to the downside. We will continue to keep a close eye on this one and will inform you of any other setups we identify. Please like, comment and follow to support us. We really appreciate it. BluetonaFX
by BluetonaFX
GBPUSD Trade Idea - Trendline BreakHi Traders! We almost end the trading week with a trendline break. After failing to push through the major 12 month resistance high, we had a big momentum swing down looking to test the lowest point of May 2023 at 1.24355. We must break this level with momentum to continue down looking for further support around the 1.23448 level. There may be another opportunity for another entry if there is a successful retest of the trendline break to continue to the downside. Please do not forget to like, comment and follow. We appreciate your support! BluetonaFX
by BluetonaFX
Trading Day Morning Jumpstart ahead of the Asian sessionMarkets held up okay in the US session but the pressure is definitely on as major Indexes across the board start to break lower. I cover the key markets for the start of the new session ahead of the Asian market open. Major levels to watch and the current bias for markets....and how I would look to trade around these levels. Markets covered : - SP500, DOW, Nasdaq, ASX200, HSI, Nikkei, DAX and FTSE US DOllar index, AUDUSD, EURUSD, GBPUSD and USDJPY Oil, Gold and Copper Bitcoin and Ethereum
NYMEX:CL1!
by TradeTheStructure
POTENTIAL LONGER TERM BUY OPPORTUNITY IN SUSHIUSDTThanks for reading my previous post on AUDNZD,ADAUSDT,BTCUSDT,ONEUSDT and now SUSHI USDT I believe there is a value BUY now on SUSHI USDT to hold for a longer term based on technicals and new fundamental development in the DEFI space. There is huge opportunity for the SUSHI PLATFORM to explode as it delves into different forms of Yield Farming and also helping users to lower cost across many chains of interoperability. My first scenario of short opportunity is currently playing out and it's nearing my new buy entry for a longer term @ near $4.50. This is the scenario am voting for should in case the Crypto market choose to move 100X. I hope you enjoy reading this and hopefully profit from it
Long
by LukmanBalogun
$XLY potential breakoutXLY Consumer Discretionary SPDR ETF saw a buyer of the 12/17 187C for $2.5M in premium last week Top holdings are AMAZON and TESLA. I like both these stocks from a technical perspective and a "cheaper" trade would be to go long XLY :) (Higher premiums on AMZN and TSLA). From a technical perspective XLY has bullish Momo and a strong close above 21EMA. Looking for a $186 blue sky breakout this week and she can really fly. Also worth noting 9/20 Wyckoff "more effort less result" which is a bullish indication - notice the high volume from the sellers (exhaustion) with price action staying above the 8/17 lows.
AMEX:XLYLong
by FriscoTrades