Last short idea was profitable for us, and I think this is a time for a pivot now. Price action is king. The drop down looked like ABC of a larger zigzag A wave, so now B which may be quite protracted. Fib goals here are for illustration purposes, as I recommend you never keep your goals stationary but use an adaptive indicator or indicator pair to exit.
JPN225 is rising towards an overlap resistance and could potentially reverse off this level to drop lower. Sell entry is at 37,727.50 which is an overlap resistance that aligns with the 38.2% Fibonacci retracement. Stop loss is at 38,550.00 which is a level that sits above the 50.0% Fibonacci retracement and an overlap resistance. Take profit is at 35,170.92 which is a swing-low support. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com/uk): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (www.fxcm.com/eu): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com/au): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com/au Stratos Global LLC (www.fxcm.com/markets): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
https://www.tradingview.com/x/fS2EzhdO/ Hello,Traders! AUD-USD is going down And will soon retest a Horizontal demand level Of 0.6260 from where we Will be expecting a local Rebound and a move up Buy! Comment and subscribe to help us grow! Check out other forecasts below too! Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Previous Analysis: Successful Bullish Breakout In our previous analysis, we identified a Falling Wedge pattern accompanied by bullish divergence, forecasting a breakout above 147.807. The price hit our target, confirming the bullish momentum and reaching key Fibonacci levels. What’s Next: Upon analyzing the chart, we observe that price has found support at 147.535 after a pullback during the American session. We anticipate the price to reach our first target, and after consolidation and a possible pullback, we expect to hit our second target near the upper line of the channel. However, if the price declines from the first target and breaches support at 147.535, the next key support level is at 146.306. Remember to follow your risk management strategies to protect your capital.
Yesterday, another local scenario for Bitcoin, which we mentioned earlier, played out. After testing the $81,200-$79,800 local support zone, the price continued moving upward. Around $84,000, we saw resistance forming—this time from sellers. At the moment, cumulative delta shows a decline in buying pressure, increasing the probability of another drop from the nearest sell zone. Additionally, the overall price movement indicates buyer weakness, making this scenario our priority. Sell Zones: $85,000-$88,000 (high-volume zone), $95,000-$96,700 (accumulated volumes), $97,500-$98,400 (pushing volumes), $107,000-$109,000 (volume anomalies). Buy Zones: $77,000-$73,000 (volume anomalies, pushing volumes). Interesting Altcoins For BNB , a great mid-term buying opportunity is forming, supported by both volume cluster analysis and wave analysis. The coin has experienced a trend break on a higher timeframe, and a key buyer volume zone at $562-$550 has emerged. If this level is tested and shows a reaction, we open a long position. https://www.tradingview.com/x/hOWEhtzF/
Probabilistically, yes. OBOS out, MIDAS cross, VWAP/US superior to candle, BB%PCT cross of zero line, VZO dropping and bearish. Stoch is deeply divergent. All this is is a game of trades, good luck out there.
TVC:VIX is attempting to hold above the lower MAs, hold it’s golden cross on the daily. The next resistance is much much higher, if it bounces and pushes through yesterday’s resistance.
GBP/JPY has a great setup to go short. Nice change of character (choc) to the downside. Coming from a key supply zone. I will be selling GBP/JPY To the next level of demand for 200-300 pips. (This can easily play out in a day on two on this pair) What are your thoughts? Beatstars - https://www.beatstars.com/BBIDF SoundCloud - https://soundcloud.com/BBIDF Patreon - https://www.patreon.com/c/BBIDF Google music - https://music.youtube.com/channel/UCHT_KFXhc2xRlxmnA3j5T2w apple music - https://music.apple.com/us/artist/big-bain/1715751992
The US dollar is down in most of its pairs and gold up in the immediate aftermath of lower than expected American inflation. Markets in general have remained quite nervous this week amid the American government’s stop-start approach to tariffs and relatively strong losses by many major American shares in recent days. This article summarises […]
Telegram’s self-custodial crypto wallet, developed by a third-party company called The Open Platform (TOP), has introduced new features for people who don’t just use Telegram as a messaging app. The updates include multi-asset trading and yield functionalities. Based on the TON blockchain, TOP launched the wallet in 2023. The company reported that over 100 million […] © 2024 TechCrunch. All rights reserved. For personal use only.