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Shortermlong

DXY Bullish this week from 101.200?The DXY is currently in an 8-hour imbalance, which could give us an initial bullish reaction. Although price has already broken structure to the downside and shown strong bearish pressure, I expect this bearish momentum to weaken. Once price reaches the 14-hour demand zone, I will be looking for a stronger bullish reaction back up. If price retraces from either of these zones and moves back to the daily supply, I will then expect the bearish order flow for the dollar to continue. Since this is a clear bearish price structure, any upward movement will likely be short-term and temporary until the daily supply zone is mitigated. This aligns with my analysis for GBP/USD (GU) and EUR/USD (EU), where I'm looking for short-term sells before entering buy positions. Similarly, for the dollar, I'm expecting a small upward move before it continues its decline. Have a great trading week, everyone!
TVC:DXYLong
by Hassan_fx
🚀📉 CAKE/USDT Falling Wedge Setup with Weekly Bullish DivergencHey Traders! 📣 Exciting news on the CAKE/USDT chart! We're eyeing a potential short-term setup with the falling wedge pattern! 🍰💰 📊 Technical Analysis: Falling Wedge Pattern ✅ Weekly Bullish Divergence ✅ Potential Breakout Soon! 🚀 🎯 Entry Point: Consider an entry upon a breakout above the upper wedge trendline. 🎯 Short-Term Take Profit Targets: Target 1: Around $2 🎯 Target 2: Around $3 🚀 Target 3: Around $30 (Completion of the Wedge) 🍰📈 🛑 Stop-Loss: Implement a stop-loss strategy to manage risk effectively. 📅 Timeframe: Keep a close watch on this setup as it develops in the short term. 📈 Bullish Potential: Falling wedges often lead to rapid bullish moves, and the weekly bullish divergence adds to the excitement! Remember, trading involves risk, and it's essential to conduct your own research and manage your risk accordingly. Let's keep a close eye on CAKE/USDT and aim for those sweet short-term gains around the trendline resistance! 🍰📉💰 Happy Trading! 🚀📉🤞 #Crypto #TradingView #TechnicalAnalysis #FallingWedge #ShortTermTargets
CRYPTO:CAKEUSDLong
by STP_MrNodeItAll
BTCUSD at bottom of channel. Time for another long!BTC has collapsed through some vital support levels as we expected it to do (earlier than expected I must say). It has been showing very weak price action over the last couple of days and a correction was due. When the price goes down, we look for longs and vice versa. BTC is currently at the bottom of the channel but the momentum has been strong due to the downside momentum. Although we currently find ourselves at a daily + golden pocket (highlighted in blue), I think we'll have another small drop before we start making our way up to at least the middle of the channel again. At the very least, this will provide a bullish setup. A couple of things I am waiting patiently for: - Momentum to curl back up a bit with buyer interest. - Bullish divergence on the 30m - 2H TF on the RSI + CVD. - Touch of the bottom of the channel. Support for the long trade: Daily level at 43.8k VAL 43.6k Golden pocket of the channel. Bottom trend line of the channel. 4H - 8H hidden bullish divergence (keeping in mind we need to remain above the last wick down) Trade: ENTRY: 43.8 - 44k TAKE PROFIT: 1 - 46.7k (will look at taking profit (2) when we get there but presumably the top of the channel and top golden pocket around 49.5k) INVALIDATION: 43k (We can also expect an SFP of the lower wick but I will analyze the price when we get to the bottom of the channel) *NFA* Let me know if you agree, disagree :)
BYBIT:BTCUSD.PLong
by christophergeeltrader
USDJPY short-term trading opportunities (>2 risk/reward ratio)Happy Friday folks! First of all, congratulation if you have taken my last trading idea for EURUSD, you are enjoying at least 100 pips profit :) Dollar index is quietly setting up an upward momentum with its weekly chart. It is currently trading @ 94.50 while I'm writing this and slightly breached the weekly 20MA @ 94.3 The weekly chart RSI, MACD, Stochastic are all showing strong upward momentum. A confirm break this week and stay above 94.3 will further boost the dollar index to the next resistance @ 96.1. This implied all non-USD pairs will suffered. Short-Term ideas Pair: USDJPY Action: Buy break @ 105.60, TP @ 107, SL @ 105 Enjoy!
Long
by kamiklza
$SAVE down 22% after earnings, long entry $43-46+Very short term trade, time 1-2 weeks. Closed my $50 Puts at $44, had a great earnings play betting to the downside. I'm going to use those profits to take a bit of a gamble and attempt to play the reversal. Objective: We're near multiple areas of support at $43, $42, $41, and the 1.168 Fib extension. I'm going long calls that have an August 16th expiration $45 strike. If this gets to $41 I'll buy the $42.5 strikes. 22% is overextended to the downside, and this company isn't going out of business anytime soon. I'm confident one of those will make a profit. Targeting $46-47. Subjective: I actually recently was looking at plane tickets (unrelated to this play) and Spirit Airlines has a new membership subscription program where you get perks with a $50 a year membership. Anything subscription based has been profitable across industries, airlines have all been screwing customers across the board (things that used to be free, you have to pay for/more now, because "F you what are you going to do about it"), and this company really loves to cut corners after dealing with their ticket buying system.
SLong
by teckno05
10
Massive Crypto dump, LTCUSD Long play ~$40-$50Drawing fibs from the bottom to these 3 tops shows the price clearly interacting with these support/resistance areas.But we're looking SPECIFICALLY at the 0.786 fib level. I'm going heavily long 40-41, stop loss at $38. Target around $49. Why LTC? The chart is much more simple, and LTC usually bounces well during catastrophic drops like we had today. I can easy see a 25% move from $40 to $50, but with BTC also holding at a 5.3K fib level, I cant see BTC making that same 25% move upward with the currant long/short ratio. 5.3K x 125% = 6.65k, which I see as less likely than $50 LTC. Another could play could be ETH considering the amount of shorts added today, but I feel less comfortable with it.
COINBASE:LTCUSDLong
by teckno05
Retracement about to End to continue the Rally?Hello guys After BIG rally, then retracement, BTCUSD seems is having a bounce back to continue the Rally.. Let's try to catch this movement. Price is Currently bouncing back up from 20 EMA AND 100 EMA, and if it makes a new previous day high, it can easily reach 10K level (our T1) and we can be pretty confident that if this pyshological level is broken, many buyers will join the party :)! Our ENTRY POINT IS CONDITIONAL if the price is reaches (9,500) Remember to take part of the profits on each Target and once reached T1, don't forget to update (move) your SL so at least you end up breakeven, MT Alberto
BITFINEX:BTCUSDLong
by KarySah