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Technicaltrading

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