This is actually a scalp trade I took after Price rejected from our 2nd TP and support. Noticed a Minor liquidity grap and Followed up with the move. Also as you can see our short trade is still running, NPF news didn't take us out as I feared so we still holding strong, let's see how Price moves when market opens ?
?China has slapped the U.S. with 10% tariffs on Energy products & automobiles as a retaliation? China’s tariffs on U.S. energy & cars will hurt American exporters by reducing demand & pushing down prices, affecting profitability. Energy producers may struggle with oversupply, while automakers like Tesla and Ford face declining sales in China. The move escalates U.S.-China trade tensions, discouraging investment and increasing market volatility. While lower energy prices could help inflation, job losses in key industries may offset any benefits. U.S. policymakers might respond with countermeasures. If tensions rise further, a broader trade conflict could emerge, increasing risks for the global economy.
GBPNZD recently hit a significant level of resistance and then formed a head and shoulders pattern. The neckline of this pattern was broken last week and the price is now retesting it and we're seeing a positive bearish reaction. It appears that selling pressure is accumulating, indicating a potential bearish move in the near future. The target for this move is around 2.1803.
https://www.tradingview.com/x/HbDNxFvK/ ✅CAD_CHF surged again to retest the resistance of 0.6380 But it is a strong key level So I think that there is a high chance That we will see a bearish pullback and a move down SHORT? ✅Like and subscribe to never miss a new idea!✅
The momentum to the downside is apparent here. This trade is setting up for a potential big move to the downside. The bullish trend that PFE had the last few weeks seems to just be a giant bear leg. The chart above shows all the details. Momentum is in our favor here.
? SOL has broken out of the falling wedge and is now in a clear Elliott Wave structure! ? Wave 1 & 2 completed with a strong breakout. ? Wave 3 reached its peak around $207.62. ? Currently in Wave 4 correction, possibly finding support near the trendline. ? Expecting a Wave 5 push towards $218.35! ?? ? If price holds the support zone, this could be a high-probability long setup! ? Stay patient, wait for confirmations, and trade smart! ? What’s your target for SOL? Comment below! ?? #SOL #CryptoTrading #ElliottWave #PriceAction #SOLUSDT
Sentiment -> Neutral to Bearish Amzn holds 232 &cross prev highs 235 ->target 237, 240 Forms base at 226 ,can test 229, 232 Breaks 226-> 220, 218 NASDAQ:AMZN
In this video i will explain what i am gonna trade for the week for my accountabilty partner. I see nice oppurtunitys for a sells on the pairs.
Good Evening and I hope you are well. comment: I still think we will top out around 22000 but I also think we won’t go down for meaningful points before we have printed that price. We now have made 7 consecutive green weeks and the odds of a pull-back are far better than another strong move beyond 22000. I will decide on Monday on swing shorts for at least 21k and will continue to scale in and out of shorts for this. current market cycle: Bull trend (very climactic move last weeks, market needs to take a breather) key levels: 20500 - 22100 bull case: Bulls want to print 22000 and then continue. As long as bears are not stepping in, bulls will continue because it has been profitable for 3 months straight. My base case for the bulls has not changed since last Sunday. We are at the top or have broken above multiple bullish patterns and I think the upside will probably be very limited. Bulls know that buying new highs in hopes of higher ones is unsustainable and we are close to the point where the bull wedge breaks and bulls will wait for pull-backs to buy. Invalidation is below 21400. bear case: Bears have a red bar on Friday, wooo ducking hooo. The bull wedge looks like it can break on Monday but bears know that 22k is the price to print, so I think they will be cautious. Only a big gap down on futures open and then follow-through below 21500 could change that. Bears can’t expect either the bull trend line nor the daily 20ema to just break on the next touch. They still have nothing until we see much bigger selling pressure. Anything below 21500 next week, would be a huge surprise for the bears. Invalidation is above 22200. short term: Neutral until we break below 21700. Below 21700 we will likely close the gap down to 21585 and test the lower wedge bull line. medium-long term from 2024-01-25: No more bullish talk. Full ducking bear mode. current swing trade: Scaling in and out of shorts with stop 22300. chart update: Adjusted bull wedge and bear targets.
If we do reclaim 0.017$ ~ with good volume that's good be a potentional buy signal