On H4, with the price moving below the Ichimoku cloud and descending trendline, we have a bearish bias. However, we can look for a possible small scalp buy entry at 28488.65 where the 127.2% Fibonacci line is with take profit at 29653.29 where the previous swing low sat. Stop loss will be at 27589.42 where the overall large timeframe 50% Fibonacci line is. Please...
Confluence, trend break and some fibs line up, Double bottom, Plus Futures just took out new highs. Easy scalp on the open. The take profit is a little too high, I would close out before Wednesday FOMC. Happy Trading!
BTC is trading on a descending channel. The support is for long while the resistance is for short. Positions is to be taken immediately after the confirmation of any level. It will confirm like this till there’s a breakout. Breakout to the downside is more likely than to the upside.
Sometimes, to get through resistance, you have to force sellers to liquidate at much lower prices. This just happened. ES struggled to get through 3975 since yesterday, and needed a hit new daily lows to get rid of those sellers. Even though the H&S pattern posted earlier has been technically invalidated, the minimum measured move of the descending channel...
The rising trendline from June's lows is the likely target for this decline. No idea what happens there, and I won't be buying it on the first touch. Knives should be picked up off the floor, not caught! If this is helpful to you, let me know in the comments and follow to get charts immediately.
Hello,Traders! COFFEE went down from the resistance cluster Just as I predicted in my previous analysis Then retested a rising support line And is making a rebound already So I think the price will go further up a bit Buy! Like, comment and subscribe to boost your trading! See other ideas below too!
Hello,Traders! WHEAT is again about to retest A strong horizontal support So I will be expecting a local move up Towards the target above Buy! Like, comment and subscribe to boost your trading! See other ideas below too!
Wheat Technicals (September): September wheat futures are on the verge of getting out above the upper end of our pivot pocket, 815. If the Bulls can achieve a close above here, we could see the market make an attempt at last week’s highs, 834-843 ½. Bias: Neutral/Bullish Previous Session Bias: Neutral/Bullish Resistance: 834-843 ½***, 898 ½-903****,...
✅BITCOIN is trading in a downtrend Along the falling resistance line Which makes me bearish biased And the pair is about to retest the resistance Thus, a pullback and a move down are expected With the target of retesting the level below SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
✅COFFEE is about to retest a key structure level Which implies a high likelihood of a move up As some market participants will be taking profit from short positions While others will find this price level to be good for buying So as usual we will have a chance to ride the wave of a bullish correction LONG🚀 ✅Like and subscribe to never miss a new idea!✅
✅BITCOIN is trading in falling wedge And the coin has retested the falling resistance So I think we will see a move down Towards the support below SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
Hello,Traders! S&P500 is trading in a downtrend In a falling wedge pattern And the index is now going up To retest the falling resistance Thus a pullback is expected Followed by further move down Inside the wedge Sell! Like, comment and subscribe to boost your trading! See other ideas below too!
✅WHEAT is trading along the rising support And as the pair will soon retest it I am expecting the price to go up To retest the supply levels above LONG🚀 ✅Like and subscribe to never miss a new idea!✅
Hello,Traders! COFFEE broke a local rising support Then went down and is now back up To retest the broken line which became a resistance And I am expecting a local pullback Towards the target below Sell! Like, comment and subscribe to boost your trading! See other ideas below too!
Hello,Traders! NATGAS is going down now But a strong key horizontal support is ahead So I think that after the retest of the level We will see a rebound and a bullish correction Buy! Like, comment and subscribe to boost your trading! See other ideas below too!
✅HANG_SENG_INDEX is trading in a downtrend And the pair is now retesting a resistance cluster Of the falling and horizontal levels So I think that we will see the price go down In bearish continuation move SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
✅WHEAT fell down sharply But a strong support level was hit Thus as a rebound is already happening A move up towards the target shall follow LONG🚀 ✅Like and subscribe to never miss a new idea!✅
Soybeans Fundamentals: Yesterday's weekly crop progress report showed the U.S. soybean crop is 88% planted, 70% emerged, and a Good/Excellent rating of 70%. There were no major surprises here. Yesterday's weekly export inspections report came in at 605,129 metric tons, well above the 365,455 last week and 141,320 we saw in the same week last year. Technicals:...