Tracking a pretty substantial Rising wedge on SPY 1 Hr. Could see a 10 point pullback if this does decide to breakdown. Looking closer at the 15 min, looks like we have just broke the bottom trend line of this wedge. Stay tuned.
Looking at a small breakout of a pretty large falling wedge on GMEs hourly chart. If it can break these two supply zones at $16 and $17, It may re-test those $18.50 levels again. I would keep an eye on this one. Also if you zoom out a bit more you will notice a massive double bottom... On the flipside, we are also still inside the weekly wedge with a bit more...
Tracking this text book falling wedge on the VIX, which is about to enter demand. We could see this breakout if SPY decides to breakdown out of the Rising wedge its currently about to break.
Short it up to the dashed line for a return to the mid line in the next day.
FX:GBPAUD Break and retest on the 4h key support area on GBPAUD
FX:EURUSD Change in bearish structure on EURUSD. Price broke above 1.06705 Daily resistance and made a pullback to 1.06705 Daily support. Entries will be based on lower timeframe confirmations
FX:EURGBP Break and retest on EURGBP on an overall bullish trend on the Weekly, Daily, 4H, 1H.
FX:GBPJPY GBPJPY broke below 183.094 Daily support and made a retest to previous support now turned into resistance. I am anticipating a move to the downside during the Asian session going into London session.
Interesting set up here, could go either way. Zoomed into the 1HR to see what intersections were holding it back. It seems as though the Hourly offered better insight to what and why. Waiting to see how this candle turns out. Not advice. Cheers, GLHFBS
On the 2hr timeframe, I notice a OB supply level with liquidity taking out the previous SL before. I have placed my entry on this and am now waiting. This type of trade will probably run for couple days due to the big move to the downside. I will be taking partials from certain price levels.
We broke out of the parallel channel I thought we might be in so this indicator maybe out the window. Unless we close the daily candle back inside the channel, then retest resistance
BTC 1 Hr - Measured moves playing out so far to the downside. The First Measured move (blue) to the upside already played out also. Looking for the 2nd (green) measured move to play out if the bulls show up. Nice Weekly close for Bitcoin. Lets see how things play out this week. Could be a perfect storm, Banks failing is a BIG call foe Bitcoin! Lets GO!...
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Nice wins today. Pretty volatile times I won't lie. But you can still find the right moments to strike that aren't during the heat of the battle. I would like to get perfect setups, but patience, and the indecision on whether price will allow for it stops me from waiting. Therefore, I did suffer some losses today but at least we had a nice day trading.
It's been a while. Today wasn't the cleanest day in terms of the market but I still managed to wiggle some profits. Hopefully I can get some cleaner, more profitable setups to erase the forced trades. Although, I may not talk about my losses I do lose, and not everyday is green. But, when it comes down dollar to dollar wins vs losses that's when it counts. So far...
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Setup: Holp reversal at support Trade rating: 3/ Reward: risk: 1.5:1
Setup: holp reversal reversion to the mean Trade rating: 4 Reward: risk: 2:1 Market conditions: quite volatile but I feel that we will revert to the mean as liquidity dries up leading up to fomc minutes