Index
DXY: Short Trading Opportunity
DXY
- Classic bearish setup
- Our team expects bearish continuation
SUGGESTED TRADE:
Swing Trade
Sell DXY
Entry Point - 101.2614
Stop Loss - 101.5676
Take Profit - 100.8077
Our Risk - 1%
Start protection of your profits from higher levels.
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ES: Recession/Depression 2023ES: Recession/Depression 2023
ES: Recession/Depression 2023
ES: Recession/Depression 2023
ES: Recession/Depression 2023
ES: Recession/Depression 2023
ES: Recession/Depression 2023
ES: Recession/Depression 2023
ES: Recession/Depression 2023
ES: Recession/Depression 2023
ES: Recession/Depression 2023
ES: Recession/Depression 2023
ES: Recession/Depression 2023
ES: Recession/Depression 2023
ES: Recession/Depression 2023
ES: Recession/Depression 2023
ES: Recession/Depression 2023
THE END IS NEAR.
"Everything is under control, sound correction."Hello Crypto community! Whenever a large red candle appears, fears arise and the ghost of (we're going to zero) becomes relevant. Well, for that we have various technical and fundamental tools that help us in the difficult task of trading.
We see in the daily BTC chart a price rejection zone between 30k and 31k, which could be due to bull exhaustion, short selling orders, and profit-taking from those who bought at 20k and 25k. The support levels to consider are:
26621 K
25267 K
23914 K
This is not investment advice, happy trading and profits!
Nasdaq triangle breakout scalphello traders nas100 looks what is making an ascending triangle but we can play against what we all learn from the text book we will use to short it looks clean nas100 was very rangy but still we can take advantage on a rangy market .overall it is bullish but still we don't fix ourselves in one direction any ways we are buying it from the broker so think both side lets get it /if it is helpful signal like this make sure to like and comment so i keep posting .
The Al Pacino Rule of Investing. A Don Corleone Market.For those of us old enough to remember the glorious movie, The Godfather III, there is a thrilling scene where Michael Corleone (Al Pacino) explains...
“Just when I thought I was out, they pull me back in.”
You are Don Corleone in this market.
You are positive; you are by default a bull; you want the market to go up.
You have fear of missing out (FOMO) if the market increases.
The Fear of Missing Out , or FOMO in stocks, is one of the most destructive impulses that an investor can experience. The emotions that drive FOMO are the fear of loss and the fear of not being part of the group. Fear of loss occurs when investors see other people making money.
Imagine this scene. The market is in turmoil, volatility is up, and the market is down.
You are smart, you realize the market will tank, and you are sitting on your cash.
YOU ARE OUT
Then suddenly, the market is having a great day; the NASDAQ or SPY is surging on open. You think this is it; I am all in, this is the end of the crash, I am getting in at the bottom. I want a piece of the pie.
YOU ARE BACK IN
You make 3% in one day. YES!!!
But this is what the institutions want you to think.
The market is pumped for a short-term gain to drag independent traders in.
Try Googling “archegos capital corruption.”
The market tanks 5% the next day, followed by another 4 days of 2% losses. Why? Because the institutions are selling against you.
JUST WHEN YOU THOUGHT YOU WERE OUT, THEY PULL YOU BACK IN.
Traders, you need to know this fact. Until the fundamental macro-economic factors change, the bear reigns king.
I am not a perma-bull or a perma-bear; the market, trend, economics, and the Fed show me the path.
Follow the Pacino rule, don’t let them drag you back in when you should be out.
If you like this, hit like to get more updates.
Stay safe traders.
Barry.
Liberating stock traders since 1999.
NZDUSD ✨ CPI News Trade ✨ q/qAn Anticipatory Analysis of Price Action
(5) TP3 @ 0.7100 (close trade)
(4) TP2 @ 0.6700 (shave 25%)
(3) TP1 @ 0.6450 (shave 25%)
(2) BSO @ 0.6225 📈⏳
(1) BLO @ 0.6105 📈⏳
ADDITIONAL INFO:
1️⃣ If the PA (Price Action) PB (pulls back) during the NZD News on Wednesday evening, we should be able to capture the UT (uptrend) with this Buy Limit Order
2️⃣However, if PA continues the UT, then we'll be "good to go" with the Buy Stop Order
3️⃣This is our first chance to profit. I picked this price because there is a wick-over-wick (8D) that may work as a pullback, so let's put some money in our wallets and chop off 25% of our investment at Take Profit 1
4️⃣This is our second chance to make a buck. I picked this price since there is a Major Resistance level (6D) that might work as a retracement, therefore we need more money in our wallets before PA arrives. An additional 25% will be shaved at Take Profit 2
5️⃣This is our third chance at making a profit. This is where we quit the ride, cancel all of our remaining buy positions at Take Profit 3, and prepare to short this thing since there is a Major Supply Zone @ 0.6715 (8D) that has a strong likelihood of reversing the trend to a short position
US100 Short ZonesHey Traders,
Labelled is your SZ1 and SZ2.
Naturally SZ1 (first red line) contains a LOWER size. That is due to the lower margin to fall.
The second line SZ2 is for a normal size trade. That's because you have a higher margin to fall.
Remember, your trade size does not have to be the same always and it can vary.
That's because risk always varies.
So Trade Smartly.
Very interesting group of channels tying tops & bottoms togetherWe can see this perfect group of rising channels that are the same width apart here on the btc log chart connecting our 2019 bottom to our current “alleged” market bottom, as well as connecting our 2018 top and our current top. I had to post an idea of this so I can see how these trendlines and channels continue to play pivotal roles against price action in the near future. Seeing it this way gives me added confidence the bottom is likely in..although with a black swan big enough I suppose price could still collapse to the bottom trendline of the worst channel. For now I believe bottom is more probable to be in than not though. *Not financial advice*
DXY Weekly Forecast | 17th April 2023Fundamental Backdrop
1. The Empire State Manufacturing Index which is a leading indicator of economic health, is expecting to improve significantly from -24.6 to -17.7, we could see the DXY rise back up toward the 102 resistance level.
2. With the Unemployment Claims expecting to have almost no change, which could see the overall economic health stabalizing.
3. Other important news events at the end of the week such as the Flash Manufacturing PMI & Flash Services PMI, are both expected to drop which could cause significant volatility in the markets.
4. However on Friday, the FOMC raised its target range for the federal funds rate to 4.75 to 5 percent, which caused the DXY to rise back up towards the 101.600 level.
5. The DXY is expected to fluctuate between the 101 and 103 level this week.
Technical Confluences
1. Near-term resistance at 102
2. Next resistance at 103
Idea
Due to the FOMC bullish news last Friday, we could see the DXY head towards the 102 resistance level. If price manages to break above 102.200, we could see price head towards the next key 103 resistance.
NOT FINANCIAL ADVICE DISCLAIMER
The trading related ideas posted by OlympusLabs are for educational and informational purposes only and should not be considered as financial advice. Trading in financial markets involves a high degree of risk, and individuals should carefully consider their investment objectives, financial situation, and risk tolerance before making any trading decisions based on our ideas.
We are not a licensed financial advisor or professional, and the information we are providing is based on our personal experience and research. We make no guarantees or promises regarding the accuracy, completeness, or reliability of the information provided, and users should do their own research and analysis before making any trades.
Users should be aware that trading involves significant risk, and there is no guarantee of profit. Any trading strategy may result in losses, and individuals should be prepared to accept those risks.
OlympusLabs and its affiliates are not responsible for any losses or damages that may result from the use of our trading related ideas or the information provided on our platform. Users should seek the advice of a licensed financial advisor or professional if they have any doubts or concerns about their investment strategies.
NAS100USD: Market of Buyers
The strict beauty of the chart is a reflection of the fierce eternal battle between the bulls and bears and right now I can clearly see that the bulls are taking over so we will bend to the will of the crowd and buy too.
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