$CTC - Short Scalp Opportunity
Entry Conditions:
- Bearish Divergence
- Failed RSI Breakout
- Impulse Signal
- BreakDown and retest of 200 EMA
- Rejection from the weekly pivot
Summary:
* Gold is retracing on LTFs, 4H-1H are bearish
* Waiting to see how price reacts to the support level
* Will we break and go for a deeper retrace or respect that zone for potential buys
* Watching price closely and executing on the ideas
Following a massively profitable week for us (see the link below for reference purposes); The Gold tumbled almost 3% on Friday after a blockbuster U.S. jobs report for January which came in with whopping 517,000 jobs hereby triggering profit-taking activities on the yellow metal’s long-running rally since the beginning of the year. Price is currently trading at a...
The Greenback's biggest gains in the last week have been against the Pound sterling after the BoE's dovish hint that it may have finished raising interest rates after a 50 basis points hike last Thursday. However, the higher-than-expected non-farm payroll data of 517,000 jobs in January did not help matters as the Pound slumped further to close the week below the...
#BTCUSDT - Short YOLO Opportunity
Lots of Bearish indicators going on here now. Can go for a bit of a yolo BTC short here. Might pay off really well. Although we are seeing some random BTC pumps coming in although it is looking like people are starting to realise some profit now.
Entry Conditions:
- Bearish Divergence
- 200EM Daily Rejection
- Ascending Wedge...
USDINR: it used to trade with 97% precision in regression channel trends,
which is now decisively broken.
The current candle seems more like a temporary pullback and the Indian currency might witness strength in upcoming sessions.
only believing charts, I would be comfortable having a short stance for target 79.95
Summary:
* Daily,4h Bearish. LTFs short term bearish market structure
* Possibility of continueing bearish at the break of 158.800
* If bearish structure gets broke above 159.100 then that invalidates sells and buys are more appropriate
Summary:
*Gold breakout during asian session
* Not seen a proper retracement since moved away from the zone
* Potential retracement could be coming during london
* Or with further confirmation sells would continue
Summary:
* Gold bearish after yesterdays news
* Price is at a strong 4h support
* Potential retrace / reversal from this support (buys)
* Or we will see a break below during high volume time but need to
be careful as this is a strong zone and the breakout could get tricky
Summary:
* bullish breakout on gold
* Price went for a retrace
* Will we form support to go up or break below making this a fakeout
* watching price closely and reacting not predicting the outcome
Summary:
* Previous Daily Closed As A Strong Bearish Candle
* HTFs Look Like Its A Retracement
* IF Price keeps rejecting 160.860 then sells would be appropriate
* Alternatevly if london open bring in bullish volume then a break above 160.860 would be good for buys
Summary:
*HTF are bullish
*Breakout trade already happened
*Looking for a retest to get buy entries
* If we break back below support, buys no longer valid
Tata motors formed a double top this month and proceeded to fall down till a weekly support which i believe if broken might lead to providing a good Short position in Futures. A more least case scenario might be that price goes up from here till the previous top and end up forming a parallel channel, but best belief its gonna go in the favour.
Happy Trading !!!
Summary:
* Printing higher highs and higher lows = bullish bias
* Waiting for current 1h candle to close bullish to further confirm my bias
* London Open should bring volatility to move bullish up to 1914+
