I like to do these "gesture drawing" lines. You can probably find really similar lines with complicated maths, but these are not meant to be precise. The horizontal lines are just support and resistance levels. The lines slanted down are bearish trend lines, the lines slanted up obviously are the bullish trend lines. The purpose of doing this is simply another way...
the daily candle from yesterday looks very promising also, we can find a break and retest on the hourly chart the TP is around the 0.91109 price zone remember that every trade is random :)
managed to enter at 1313 level the price action is very bullish SL should be in the middle of the range(a little under the 0.5 fib level) but wanted to be more safe :) we should expect some resistance at the next red line level
reasons for the bullish side: -we have 2 support lines that are looking pretty strong(2 red lines) -0.618 fib retracement that usually is a important level reasons for short side: -after making a new high, the price reversed back under the previous high aggressively ... I would wait for more price action to make a decision
the weekly trendline is very important since it was respected before even on the small TF the false breakout on 1h TF is another confluence.
FLT is one of most populer Stock to trading, now we look at the chart the trend is bullish, how to catch the bottom? now i look you can have a plan buy on weakness at 17.65 area bottoming, if reverse, that will going up to close the gap at 35.50. Are you have a same idea? , Comment in below, The Story still good for FLT because Australia will be reopen flight for...
seems that in the past usdmxn was a good buy during the market retracements I am accumulating slowly some positions
seems that when options expiration are coming, indices are going down for some time; I am still short nas100 since last week; seems that we are having a strong support at 15400; it was tested a few times, if it breaks, we have one more reason to go to 15100, but be careful for bear traps :) let's see; all these arguments can't mean that nas100 can't go up from...
-with such bearish price action I won't be surprised if we hit the 1.9 level -one barrier can stop us from going to that price is the 1.92 level
we are currently at the top of the bigger channel; also, these 2 fake breakouts are obvious; didn't hit the base of the bigger channel for considerable amount of time already;
PLEASE HIT THE LIKE BUTTON TO SUPPORT ME. Pay attention to the 4H structure and BUY to 1830. Goodluck 👍
CAD pairs are amazing these days; for mid-long term I expect that we hit the 86 level(my crystal ball says so)
the impulse is too big to go straight up; I believe that the price will struggle a little(1-3 days) before reaching the yellow area...
not too much momentum to the upside but I believe that after a fake out it will go up again treating this like an long term trade with the SL far away
I'm more with the second way to go..the long way; waiting for a retrace
two ways to go :) well...the third one(going upper) is possible also
I LOVE THIS TRADE IDEA IS ALSO TO GOOD TO BE TRUE :P
I HAVE FULL CONFIRMATIONS SO I LOVE THIS TRADE IS TO GOOD TO BE TRUE