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Priceacton

GBPUSD Trade update Hey all, so looks like a bullish day for the GBPUSD, with price breaking the hourly 50 with a decent amount of bullish momentum. As of right now price has subsequently retraced back to the hourly 50, but based purely on the way price pulled back, there may be another opportunity to get long for those looking for a more conservative approach. Over and above the technical this was one of the more cleaner and simpler setups and if it runs as planned, then it could be my biggest return for the month so far... so fingers crossed. For the most part I hope you guys are enjoying the content and please feel free to comment or reach out to me if you have any questions. Furthermore I hope that you all keep well and look forward to chatting to you all soon, until then keep well and bye for now.
Long
by DeanMuller
EUR/NZD Sell Opportunity: Breaks Below Trendline Support This week on Tuesday, EUR/NZD dropped below the long-term trendline support ahead of RBNZ rate decision and monetary policy. RBNZ expects a rise official cash rate from 0.75% to 1.00%. Despite a sharp downside in the global equity space on further escalating military tensions between Ukrainian and pro-Russia separatist/Russia forces and continued Russia/NATO tensions in the background, EUR/NZD has dropped below the critical trendline resistance level and creates a selling opportunity. From the current zone, 1.6950 was the trendline support zone. Now it has become a trendline resistance. So, as long as EUR/NZD is below the trendline support, it still has chances to drop further. The market expects RBNZ to rise 50BPS though RBNZ forecasted only 25 BP. Any surprise rate hike like 50BP or more will Send EUR/NZD 1.6500 price zone or more. From the present rate, immediate support is identified is at the 1.6840 price zone. Breaking below 1.6840, our final target to the downside is 1.6500.
Short
by Gold_Trading_Expert
USDSGD Bearish Reversal, Expect Down Move here Hi everyone: Here on USDSGD, there's potential opportunities for a bearish continuation to happen. We can see after a strong bearish impulse phase on the higher time frame, price begin to correct within a larger expanding correctional structure. With a few swing highs and lows, price had a move up, but failed to continue higher. with any further bullish corrections. Instead it formed a reversal impulse move down, follow by a bearish continuation. This all good indication that the expanding structure has hit the top, and a bearish continuation of the higher time frame is possible. Watch for lower time frame price action to form continuation correction after breaking out to look for entries down the recent lows. Thank you
Short
by jojofang0901
51
TSLA is approaching key zones w/ two warning signsTSLA has been down almost 40%, though it's still the superstar of this round! Weekly: bullish structure still holds. Daily: two warning signs: 1) short-term MA crossed over mid-term MA. 2) Price seems to close below long-term MA today. 1H: The steeper angle suggested selling pressure. In order to reversal the downtrend, price has to do following things no matter what: 1) price close above short-term MA, 2) short-term MA direction changed from going down to going up, 3)short-term MA crosses over the mid-term MA. Without those observations, I can't make the judgement that downtrend is reversed and buying opportunities show up. Good news is that price is coming close to daily demand zones. We can have bullish setup plans once those observations on 1H appear.
NASDAQ:TSLALong
by JICPT
GOLD correction complete, enter at the next structure breakoutHi everyone: I have been patiently waiting for the correction to complete on GOLD for the next down move. We see the sharp down move from the top, and a deeper correctional structure developed. Latest price action saw the bearish down move, broke out of the structure. As always, waiting for the next lower time frame continuation structure to enter is the valid sell. Look to see the price gets pushed down to the previous lows. Thank you
OANDA:XAUUSDShort
by jojofang0901
7
EURUSD:NOT so Monday blueswell, we seem to be on a moon shoot, absolutely obliterating any notion of a range, Monday could potentially be a very happy one indeed. we may get a potential set up for a long if we have further confirmation. 1.13380 is my area of interest if we get a nice tight bit of price action to this level I will surly be setting an entry Long. potentially markets could just pullback or move sideways or it could just push off further into the cosmos, who knows if you agree or disagree let me know your thoughts either way?
by NK008
HKDEUR descending triangleA nice descending triangle with 7 touch points. My backtesting has shown me that often the oscillations get closer as the triangle gets closer to its apex, and we see here that this behaviour is very strong. The key here will be the open of next weeks trading, where we will see whether it will break above the descending line and ruin the triangle or if the market will start in a downtrend and move towards the support line. If there is another move towards the support line I expect a break and will go short. (I am currently testing profit-taking at previous structural forms.)
Short
by olly_price
7