Indicatortrading

Peloton's test of Major Supportline, macro implications Peloton on 1 Week timeframe warrants observation and attention. Price action after recent declines have reached a critical Support level that dates back to April 2024. This Support trendline has helped with Pelotons move to its recent highs of roughly $10.50. But Resistance and Selloff has pushed us down to this Support line. This weeks candle is also breaking out BELOW this support line. Previous history does showcase a data point where we did print below but was able to make it back onto the Supportline. (Something to consider). If we make it back onto the Support line and confirm, it would most likely lead to upside. But playing both sides, if we confirm the breakdown, we can see further declines to the $4.50 - $4.20 zone. Also put attention to the 2 momentum indicators ive provided. STOCH RSI is shifting to a shape, im not liking with an increased likelihood of bearish cross MACD also printing a Deep Red Histobar and mouth of blue/orange lines is widening. These 2 signals may support the case of further declines especially if we do get a STOCH bearish cross and MACD prints the deep Red histobar at the end of today. Which could indicate Pelotons attempt to reset further to more Oversold conditions and perhaps better price point. This development requires attention and observation on Peloton. I will continue to provide updates as things develop.

by SafofAllTrades

Daily Recap – The Patience Play (QQQ ORB Setup)Fellow traders, Today was one of those sessions that remind us: sometimes the best trade is no trade at all. The morning ORB (9:30 – 9:45 NY) gave us a wide initial range with very little conviction in either direction. We saw price flirt with both edges, but no candle could close decisively outside the box. Each push quickly reversed, leaving nothing but wicks and false momentum. Volume stayed neutral and the EMAs never truly separated — a classic sign of indecision. Even the higher-timeframe (30-min) trend stayed flat, confirming there was no clean alignment to give us the confidence we needed. Mid-session, price finally poked above the ORB high — but it immediately failed and rolled right back into the range. Later in the day, the real move came to the downside… well past the optimal ORB window. By then, discipline meant staying out. 👉 No setup, no entry — and that’s perfectly fine. The goal isn’t to trade every day; it’s to trade only when probability lines up. Tomorrow, we reset with the same rules: Wait for a clean break and retest outside the ORB. Confirm volume and trend. Let the market come to us. Stay patient, stay disciplined, and remember — consistency is built on the days you don’t force it. — Trades with B

EURNZD TRADE idea Possible EURNZD trade scenarios Enter with Ltf confirmation. For Direct 4hr zone entry manage risk. Manage risk 1:2-3 RR . Indicator based SMC approach. Follow and like for more setups .

NZD/USD consolidates in Asia as traders await the outcome of G20 NZD/USD extends downside following NZ PM cited downside risks to the economy due to China's coronavirus. In Asia session the Kiwi moved back into an area of support for which bulls will be looking for a test of the supply commitments from the bears, with a target of the 0.65. Fibonacci Projection showing price action for managing profits & not for entries or reversals.