Price broke the support as predicted, Waiting for an entry conformation Only take short position after day candle close and open below previous support
Hey tradomaniacs, GBP/USD broke below the support-zone and could continue it sell-off if priceb reaks below the marked-up entry-zone. USD-strengh is likely to appear as soon as stocks continue to fall. Let`s see what happens :-)
After reading Technical Analysis by Gerald Appel(inventor of MACD), I have realized the strength in the MACD's accuracy lays in using it on multiple time frames in intervals of 4-6x for each chart. To determine an entry, all 3 charts need to be crossed in the same direction. The trade is higher conviction if you have multiple crosses and also above 0 on the...
Arrow marks the possible location of the next long entry, will keep you informed if i take it.
AUDJPY setting up for what could be a really easy trade. Very simple trade idea: - Watch for price to come to our buy zone (between the 2 fibs) - Enter with stops below the price rejection - Target recent highs as first targets and -0.27 as second Make sure to take partials at recent highs and BE the rest. We may not get to -0.27 fibonacci. Goodluck and as...
Yesterday our downside scenario played out perfectly, what can we expect today? In the Globex session inventory got too short and we got a nice squeeze up to our 4405 level but could not break and and reach our Key level at 4424.50-4418.75 and that was our sign of weakness and that we have more inventory above us. This morning we finally broke PM support and got...
One example of how my thesis played out today. In the morning I posted for the downside scenario for today we had - all this inventory between 4440-4480 that if gets no upside then we can see it start selling out and level we are watching are 4445-4437.75 as our PM Support and 4424.50-4418.75 as our Key Intraday Support, breaking PM support is first sign of...
BREAKOUT ZONE $264.77🐂 $268.2🐻 RESISTANCE $271.9 $277.18 $280.35 $283.5 SUPPORT $282.66 $258.17 $253.16 $250.09 Looking to draw down here. Double top, failed to break out. Looking for draw down to maybe 253.16
NZDCAD printed a very clean impulse to the downside recently (visible on the 1D chart), and now price has found support, confirmed it, and began retracing the impulse, already rejecting the .382 level, and confirming the .236 level as new support, beginning the uptrend. Be sure to the like the publishing if you like this set-up, and let me know what you think in...
No update from yesterday. All support/resistance stays as is. Nice gap up to yesterdays high. will challenge and fail only to fill the gap down and end near 3052 or down at 3000. AMZN along with other will continue this stair step down similar to '00 and other draw downs like it. i talk about it in my youtube videos.
Keeping the same levels as yesterday, this play will setup the same way as it did at the 454 level. We needed a gap up over the heavily guarded 441/443 level to hit our ceiling at 445. Our test range is 447, I suspect that we see a tap to the 447 area and draw back down to cover down 443 and then obviously the remainder either today or tomorrow. However the...
Hey tradomaniacs, welcome to a new free trading-setup. GBP/USD: Daytrade-Preparation Notice: Waiting for pullback and confirmation. Market-Sell: 1.35275 Stop-Loss: 1.35450 Point of Risk-Reduction: 1.35085 Take-Profit: 1.34570 Stop-Loss: 17,5 pips Risk: 0,5% -1% Risk-Reward: 4,0 Always add your brokers spread to the stop-loss! LEAVE A LIKE AND A...
4:1 RR Day Trade up to 43,8 but could close alot sooner. I like the rejection that we are seeing at 42K. Although the weekly us a Doji candle, I still like market structure on the Daily timeframe for taking buys at 42K.
Potential return from daily level. It is not investment advice.
Hey tradomaniacs, welcome to another free trading.setup. Notice: This is meant to be a preparation. As always we will have to wait for a confirmation! EUR/USD: Daytrade-Preparation Market-Sell: 1.14165 Stop-Loss: 1.14545 Point of Risk-Reduction: 1.13820 Take-Profit: 1.12320 Stop-Loss: 37 pips Risk: 0,5% -1% Risk-Reward:...
hey tradomaniacs, welcome to another free trading.setup. Notice: This is meant to be a preparation. As always we will have to wait for a confirmation! NZD/USD: Daytrade-Preparation Market-Sell: 0.66680 Stop-Loss: 0.66830 Point of Risk-Reduction: 0.66560 Take-Profit: 0.65920 Stop-Loss: 15 pips Risk: 0,5% -1% Risk-Reward:...
Hey tradomaniacs, welcome to another free trading.setup. GBP/USD: Daytrade-Execution Market-Sell: 1.35555 Stop-Loss: 1.35730 Point of Risk-Reduction: 1.35410 Take-Profit: 1.34900 Stop-Loss: 17 pips Risk: 0,5% -1% Risk-Reward: 4,0 Always add your personal spread to the stop-loss! LEAVE A LIKE AND A COMMENT - I...
Bitcoin possible breakout, Sentiment across markets appears quite optimistic . Secured 43 Pips on GBPJPY from asian session yesterday This is a scalp, high risk buying the high unless you understand risk managment or plan to hodl.