Stock futures slumps for more than 1% in Asia market today. Also, GM got an inside day here; Yesterday it tried to break the 45.00 fig level and the bearish bat but failed, if the bulls are able to break the inside day, the momentum probably is able to takeover the size. Generally I am quite bullish in GM as it's ridiculously cheap with 6-7x multiples and solid...
ETHUSD update: Lack of follow through makes this coin a tough one to hold for a swing trade long, but it is still in a good position to rally. While short term structure remains bearish, do not lose sight of the broad higher low formation that appears to be in progress. The structures that prompted us at S.C. to call for a swing trade long are still in place. The...
GBPUSD has a great harmonic patterns combination recently, the bearish one perfectly caught the slump after Draghi's speaking. Now it hit the bullish one and formed an inside 4hr, with abundant 8ema correction zoom. That will be an interesting but risky long, while it's a good combination of harmonic patterns, inside bar, and EMA correction. So I'll pay careful...
Last time the triple inside bar trade worked perfectly. There are several potential trades here 1 & 2 are bearish harmonic patterns 3 & 4 are supply/demand, both are very important. and yesterday was an inside day, which gave the 5&6 trading opportunities. Among these trades, 1&3 will have a combination near 26000 fig, which probably is the best trade on...
As seen on H4, the BTC has made the inside bar and we have a clear divergence on the race, it is more likely to move to 7000USD and then we should approach the surface 5000USD where the hidden gap. LIKE
There were many cryptos having inside days yesterday. Technically speaking, this bat pattern drawn has already failed; while it didn't break 10.00 fig and it has this inside day after breaking the X point. People may get emotional when their positions got stopped out and bounced right after they realized their loss. That may become a potential buying momentum...
ETHUSD has a bullish bat pattern and demand zone combination with potential entry @ 515-525. To lean on the 500 fig support is also another plus for this trade; While, there probably will be a huge minus for this trade, it's the potential inside week. If it's able to form an inside week, this combination long will be against the momentum of the inside week...
AUD/SGD had broken upper inside bar @ 1.02184 Entry Level Option A EP @ 1.01974 TP @ 1.03026 / @ 1.02605 SL @ 1.01342 Risk vs Reward 1 : 1.66 / 1 Option B EP @ 1.02184 TP @ 1.03026 SL @ 1.01342 Risk vs Reward 1 : 1
EUR/CAD had broken upper inside bar @ 1.51551 Entry Level Option A EP @ 1.51189 TP @ 1.53006 / @ 1.52279 SL @ 1.50098 Risk vs Reward 1 : 1.66 / 1 Another TP to look @ 1.54070 based on the previous broken upper inside bar @ 1.51650 Option B EP @ 1.51552 TP @ 1.53006 SL @ 1.50098 Risk vs Reward 1 : 1
Actually we have a specific term to describe a triple inside bar, but I don't think that's proper here so let's still call it a triple inside bar lol. As an intraday trader, a daily chart inside bar breakout usually implies a pretty large risk that exceed the normal risk amount. While of course, I would love to participate in this "triple inside day"...
GBPCAD has an inside day in a downtrend after 21ema correction. What's more, this breakdown may also be played as a 1.7200 fig breakdown (although fig is not as important in Forex as in stocks lol). Accordingly, this inside day is a typical "follow the trend" trade that I would only be willing to short the breakdown. If it breaks to the upside first, this trade...
Last year, at least 7 out of 10 stocks looked like this MasterCard weekly chart. While it's a totally different concept compared to what the market happened. With the Q1 market fluctuation, MA showed great relative strength to remain a intact weekly uptrend! It solved the 1st thing-- I don't want to short the supply zone nor the inside week breakdown at all ! ...
NZD/JPY had broken upper inside bar @ 76.311 Entry Level Option A EP @ 76.1195 TP @ 77.077 / @ 76.694 SL @ 75.545 Risk vs Reward 1 : 1.6 / 1 Option B EP @ 76.311 TP @ 77.077 SL @ 75.545 Risk vs Reward 1 : 1
BTCUSD update: Price action is some what quiet near the most recent peak. There is an inside bar now present on this time frame which can turn into a sell signal quickly. As I wrote in my report on S.C. earlier today, the bearish trend line is still in effect. Lower highs often lead to lower lows. This market is in a tricky area. If buyers hold up, price can...
AUDNZD Inside bar trade...taken. Let us see how it goes.....
USD/CAD had broken inside bar @ 1.30000 First TP @ 1.30540 Second TP @ 1.31400
ETHUSD update: A swing trade idea was triggered at the break of 543.50 which was published on S.C. earlier today. There is also a follow up article that explains the reasoning behind the trade. As you can see, the trade is in the green for now. This retrace should not come as a suprise though. We have been writing about the support zones and risk of short squeeze...