Good morning traders!
The BTC forecast remains the same as yesterday-are we reaching the top of the current run up?
Currently the signs are pointing to yes, we are decelerating into the back edge of the daily sell range.
Do I expect a deep pullback-define deep? A pullback to the area marked with the yellow circle would mark be a pullback to discount on the...
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There is one new formation on Zhongsheng HLDG with ticker 881.
Head and shoulders pattern with possible breakout.
After this two scenarios are expected.
First, the price may enter into the correction and retest new resistance level.
Second, the price may fall till the price target with no correction.
So follow the chart and look...
Will be watching for an Asian session sweep short.
We still have 1hr Imbalance below that needs to be filled.
Have several points of interest that we could possible reject from.
Will be watching for a confirmation entry on the lower time frames once we hit the first point of interest.
If we retrace to the back end of the 1hr orderblock then i will be going more...
Watching for a potential Asian Sweep entry:
-Need Asian session range to stay compact
-Need a confirmation entry at my point of interest
-Need a risk to reward of 5:1 or greater to take profit target.
Since 2018, SPX has been forming a rare Broadening Accumulation Schematic (If you study Wyckoff, these ideas are present). If we finally break this resistance line, Look for a retest and a race that will rocket pretty far. At least to the 4,000 level. With the holdings becoming more on AAPL and the volume of just that one stock having an uproar, it's possible....
invalid above 134.00 (25 pip SL)
Intraday targets @ 1:1 & 1:2 RR (133.50/25)
flat above 134 until London tonight.. breakdown of 133 + weakness in indices could lead to more downside (3100 on SPX500 will be key)
Buy Stop Setup
Bullish momentum on higher timeframes
Previous resistance level broken with a close above
Price wicked down and closed above the resistance level to create a new support
For a reduced risk entry, I set a buy stop in order to catch bullish momentum, should it continue
TP set at next area of structure where price may have...
The price has been rejected by the 200 Ema on the last two sessions
Bullish DV on the RSI
Swapping L50 so the risk will be less (0.5%) I usually risk 1%
Be careful with the sensitivity zone @ 84.400, price might bounce back a little from there
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SIMPLE HEAD AND SHOULDERS MARKET STRUCTURE PATTERN. IM BEARISH FOR CADJPY BECAUSE WE CLOSED UNDER THE NECKLINE ( SUPPORT ) ON THE DAILY TIMEFRAME. BEFORE ENTERING YOU CAN WAIT FOR A RETEST OF THE BREAK OF SUPPORT. THE NECKLINE OF OUR HEAD AND SHOULDERS PATTERN IS ALSO MAJOR SUPPORT ON THE DAILY TIMEFRAME.BEFORE ENTERING YOU NEED TO SEE PRICE BEING REJECTED BY THE...