If you're like me, always looking for sell (or buy) traps, this would make a great contrarian trade. These normally become fast and aggressive after a false move. I've set profit target at monthly pivot resistance level (pivot R not shown). I would get in now to minimize drawdown.
KISS...more on this later. This has helped me trade tremendously.
To keep it simple, the bull flag pattern is still working away after a successful retest.
Some may ask why are we still in the same area, and the answer to that may be the ascending triangle pattern that we dove into right after the break. You can see its constructed with falling wedges, and I believe the next burst of price action will send us flying towards...
There was a potential buying in gold and still gold is in buying status as gold has also given up its consolidation phase so we are seeing a pull back to the consolidation break and then a potential buying
Target mentioned
Noted: Not a financial advisor.
It's always recommended to carefully consider all the factors and conduct thorough research before making any investment decisions. I suggest seeking advice from a licensed financial advisor.
here i am looking to long eurusd for a potential tp of 70 pips (we may trail s/l if we takek out previous highs on the hourly time frame
information shared is for educational and demo purposes only, please use proper risk management when trading in the financial markets
disclaimer - past results dont guarantee a future profit all trade ideas are of my own...
Financials are out performing since last QTR, still they have lots of scope to move up. A low risk bet with reasonable valuations. Numbers are improving and institutions are showing interest in EDELWEISS. A long term candidate.
Greetings from Team : Trading The Tides.
lets discuss a short sell oportunity on (Link USDT )
Target area for initiating short : 7.3
DCA Limits : 8 to be exact as there is a big gap remaining
TP : 6.8 , 6.3 thats a swing position so
SL : no sl
Hold Time : short - mid term
Technical Chart Pattern: structure gaps , rising wedge
Posible liquidity area : ...
Hello Fellow Global Stock Trader/Investor!
IDX Sector Consumer Non-Cyclical is an index that tracks the price movement of Indonesia Consumer Defensive Stocks. People call it "Consumer Defensive Stocks" because the customers will continue to consume the company's products even during an economic downturn.
Why do we forecast the IDXNONCYC?
By Analyzing the...
Building a mechanical strategy is usually overcomplicated. As long as your system contains simple but well defined and detailed rules it allows the strategy and the trader to execute with as little friction as possible. Take a look at the example included in the photo as we diagnose problems and optimze the trading plan to it's full potential.
The price is showing support after a dumping, don't forget it's strongest trendline. Be careful when entering a short trade because there is a high probability of pump from this point.
Here is an analysis of how to entry good accurate short trade.
Padawans,
The Market maker bot has come right on time, to set the direction of the market or liquidate people or both. Maybe he is on some Super Yacht right now off the coast of Dubai, who knows. Now I am not saying that we can trade while he is up to his dirty behavior, but what I do know is that along with some other technical analysis, we can generally tell...
In this chart we see the DXY setting up to give us a BULLISH engulfing signal.
If DXY knock out this double top strongly; look for EURUSD to Continue to sell.
Happy trading Family!
PS All US Base Pairs should be experiencing some kind of correction.
Corrections are very profitable.
Trend Analysis is arguably the most important area of technical analysis and is key to determining the overall direction of a security. Trends are based on the principle of higher highs, higher lows (for an uptrend) and lower highs, lower lows (for a downtrend).
Dr.Lal path lab is now in short term bullish mode in corrective wave pattern. and stands in Resistance...
The correctional structure, especially the three waves, whether in descending or ascending and pulse correction, indicates the formation of a diametric pattern.
This post is just a personal idea and analysis should not be the criterion for buying or selling
The last specified pattern is currently in a flat pattern. The structure is in high time and the whole chart...
