Shorttrade
GOLD SHort Risk 0.5%
TP1 = 1:2 RR
Disclaimer:
The contents in this Idea are intended for information purpose only and do not constitute investment recommendation or advice. Nor are they used to promote any specific products or services. They serve as an integral part of a case study to demonstrate fundamental concepts in risk management under given market scenarios. A full version of the disclaimer is available in our profile description.
NZD USD SHORTRisk 0.5%
TP1 = 1:2 RR
Disclaimer:
The contents in this Idea are intended for information purpose only and do not constitute investment recommendation or advice. Nor are they used to promote any specific products or services. They serve as an integral part of a case study to demonstrate fundamental concepts in risk management under given market scenarios. A full version of the disclaimer is available in our profile description.
Potential swing trade on NZD/JPYA soft inflation report from New Zealand weighed broadly on the Kiwi dollar yesterday, as traders began to price in the prospects of a 25bp hike (down form 50bp) or even a pause at the RBNZ's next meeting. The slight risk-off tone saw flows into the yen, and risk-currencies such as AUD and NZD were lower which has placed ZD/JPY on our shirt watchlist.
The cross has seen repeated failures to close above 83.50 over the past three weeks, and yesterday's high met resistance perfectly at the 200-day EMA. Given the bearish engulfing candle which has now formed, we suspect a leg lower seems more probably than a break higher. Also note the decisive close beneath trend support.
- The bias remains bearish beneath yesterday's high
- However, we'll seek bearish setups below/around 83.15 (50% retracement of yesterday's open-close range)
- Initial target is the cycle just above 82.0
swingging between channel resistance and supportNot only price touched the 1D longterm resistance trendline, it also reached channel resistance. High likelyhood it will come down to at least first support at 1.0873 and maybe retest channel support (see 2H chart for more clarity). It is also on the verge of creating a bearish pinbar.
Opened a small short position to actively manage.
If price breaks channel support, good chance it runs to 1D trendline support too.
AUDCAD short term reversal Given the price action inside the downward desending channel in three previous occasions after a strong bull movement across the 4H resistance, I am looking for a price retracement to that same resistance level turned support at 0.9040.
I have set my take profit for 0.9053 and SL jsust above the (unconfirmed at the time of analysis) pivot in the 2H chart, 0.9078
BTC SHORT! | Publishing Ideas is my new addiction
Alright folks, buckle up for a wild ride on the Bitcoin express! We're going to take a 15-minute trip through the price movements of everyone's favorite cryptocurrency.
Think of it like a roller coaster: you've got your ups and downs, twists and turns, and of course, a few stomach-churning drops. But don't worry, we'll hold your hand the whole way and help you make sense of it all.
So, what do we see on this chart? Well, it's a bit like a high-speed chase, with the price of Bitcoin zooming up and down like a race car on a track. But fear not, we have our trusty technical indicators and tools to help us navigate the twists and turns.
We'll be on the lookout for those key levels of support and resistance like a hawk hunting its prey. And when we spot a breakout or reversal, it'll be like hitting the jackpot at the casino (but without all the noise and flashing lights).
So, hang on tight and let's ride this Bitcoin coaster together. Who knows, we might even have some fun along the way!
COPPER Supply And Demand Short Trade IdeaSee Chart For Analysis.
HTF Daily Supply:
-Price reqcting off of daily supply
-Trend = up/sideways
-Looking for shorts but wait for ocnfirmation shorts on LTF.
LTF 1hr Timeframe:
-Price broke upward trend line
-Price removed opposing pivot demand
-RBD created
-Price continued to make new LH/LL so sellign in those areas of supply with new 1min supply is also valid.