Traders, Please be aware of the market conditions. We know that everybody is waiting for Santa's rally. But due to Corona as most things were different this year, Santa may not come for his rally. At the moment the price action is suggesting a possible fake breakouts on all 3 major US Indices i.e. SNP500 (SPX500), NASDAQ (NAS100) and US30 (Down Jones). Do not...
💡 Trade Idea 📈 Sell Limit NZD/USD @ 0.7057 🎯 Target Profit 0.6941 🛑 Stop Loss 0.7084 ❌ Do not risk more than 1 % of your account on each trade 🙂 Good Luck ! Description: The pair is trading within a bullish channel but reached a daily resistance. This resistance might be difficult and lead to a reversal especially, we have a double top posted near it. Lets...
💡 Trade Idea 📈 Sell Order EUR/USD @ 1.2047 🎯 Target Profit 1.1964 🛑 Stop Loss 1.2088 ❌ Do not risk more than 1 % of your account on each trade 🙂 Good Luck ! Description: The price failed to break the daily resistance (1.2088), and it posted a double top which indicates a potential reversal. The price is trading around the neckline of this pattern, so we...
💡 Trade Idea 📈 Sell Limit EUR/AUD @ 1.6336 🎯 Target Profit 1.6146 🛑 Stop Loss 1.6393 ❌ Do not risk more than 1 % of your account on each trade 🙂 Good Luck ! Description: The pair is trading within a bullish channel. It reached a daily support by posting a double top. We will wait for the price re-test the neckline of this pattern and go for a sell position...
💡 Trade Idea 📈 Buy Limit AUD/JPY @ 77.07 🎯 Target Profit 78.36 🛑 Stop Loss 76.56 ❌ Do not risk more than 1 % of your account on each trade 🙂 Good Luck ! Description: The price managed to break the daily resistance (76.49). Now, the price is in an accumulation phase and succeeded to break out of the range to the upside. A lower correction might be seen and...
:bulb: Trade Idea :chart_with_upwards_trend: Buy Limit GBP/CAD @ 1.7334 :dart: Target Profit 1.7438 :octagonal_sign: Stop Loss 1.7283 :x: Do not risk more than 1 % of your account on each trade :slight_smile: Good Luck ! Description: The pair is trading within a corrective channel, but It posted a double bottom which indicates a potential reversal to the...
:bulb: Trade Idea 📈 Sell Limit BTC/USD @ 18673 :dart: Target Profit 17402 :octagonal_sign: Stop Loss 19303 :x: Do not risk more than 1% of your account on each trade :slight_smile: Good Luck! BTC is trading withing a bearish ascending wedge. This type of wedge indicates usually a potential reversal. The price reached a strong resistance (18681). A higher...
:bulb: Trade Idea 📈 Buy Limit EUR/AUD @ 1.6207 :dart: Target Profit 1.6335 :octagonal_sign: Stop Loss 1.6143 :x: Do not risk more than 1% of your account on each trade :slight_smile: Good Luck! The daily support rejected the price twice, plus it posted a double bottom which indicates a high probability of a reversal. In addition, it manages to break the blue...
💡 Trade Idea 📉 Sell Stop GBP/USD @ 1.3305 🎯 Target Profit 1.3148 🛑 Stop Loss 1.3383 ❌ Do not risk more than 1% of your account on each trade 🙂 Good Luck! The price failed to break and close above the 1.3398 level. Our expectation is a potential reversal by breaking the blue trendline and then higher correction towards the highlighted white zone, and from...
Could see a bullish move into a large bearish push on UJ for a downtrend continuation. Should see a large fakeout just after ATR n volume has drop significantly in the upward direction with a large spike in volume and atr after the move. Dont get caught in this move as this is the trap that is due to turn an accumulate liquidity in the market for a bearish push.
I am still not 100% sure if this pair has shown signs of a fake breakout, we will need to monitor the price on Monday and wait and see whether or not price wants to continue ot respect the ascending trend line or trade outside it again. Definitely one to keep on your watchlist, lots of potential for an upside move here. COT Data - 72% Short
After a fake breakout of the 4hr trend line (manipulation?), I expect this pair to re-test line before continuing higher. I would take this trade, via a buy limit order which would be placed in a confluence area with a 4hr trend line, market structure support and 50% fib level.
After a break and close below that was followed by a close back above and retest of lower part of consolidation channel, this pair has confirmed the fake breakout and is now well placed with an opportunity to ride the next swing leg and the creation of a higher high on the daily TF. Target can be set at the 127.2% fib extension taken on the retracement. Entry can...
Will we witness a $0.34 break and retest for a further bull run, or is it just a 'fake bull run' and we're going to dump back to the $0.17 level?
SPIKE FROM DOWNSIDE | INSIDE PATTERN BREACKOUT TRADE ONLY, BIG PLAYERS SUCCESSFULY CREATED SPIKE TODAY.
i would wait a rebound in the red circle before feeling it can go higher.