USD/CAD, correction is expected after a large march. RSI returns from the oversold zone, and with Fibonacci we can determine the target price for the correction. As always, I kept the great Risk-Reward ratio in mind. What do you think about this trade? I welcome your feedback.
3175-3150 been the range on spx most of the week looking for some downside here into Sell side $ as well as potentially the market open gap @ 3130... 50-60 pip risk... I like the RRR 50/100 (1:2) 50/200 (1:4) that's just the intraday targets not even considering the gap fill potential (instant profit 50 pips in 5 min, risk free trade - 10:15 AM EST) good risk...
If analysis are correct, this could be close to a 400 pip move. It'll be a patient move and could take a few days to completion... there's only one way to find out; wait for it.
structure prices time risk reward HTF analysis posted let me know what yall think (edit: one annoying scenario would be a clearing of the short term highs @ 3165 and rejection there just keep in mind if for some reason we trade those levels) currently 8:08 EST ideally we breakdown 3150 asap and we sell off these next couple hours into the open
Care ratings has tested price 440 couple of times and have been facing selling pressure.
Market structure / QP Pivots / Profit Targets Marked Invalid above 3180 (swing SL) / 3177 day trade invalidation SL to improve the RRR for intraday targets Healthy below 3170 into 3160/3165 (target 1 would depend on your RRR) 3150 target 2 Writing this 1:45-2PM EST NY Session Tuesday, 7/7/2020 (waiting to see if the 2:15 PM candle will close below 3170 to...
Review of my view from yesterday’s post Strong momentum day in trending market. If there is some consolidation tomorrow below today’s high, it is actually a good sign in favour of continuing positive momentum for 11000. If NIFTY rallies to make new high again towards 11000, it is very possible that it is near intermediate top. In that case it is better to...
Guten Morgen liebe Trader, nach wie vor haben wir im übergeordneten Chartbild kontinuierlich bärische Struktur die wir natürlich weitestgehend mitnehmen wollen. Aktuell befinden wir uns erneut in einem interessanten Korrekturbereich wo man sich mehrfach hätte gut positionieren können, in meinem Fall als Intradayhändler bot sich gestern das 66.7 KL in grün gut an....
Hi Traders! The market is ranging. Key Areas: Resistance @ 0.95253 weak Resistance @ 0.94881 Support @ 0.94103 Parallel Channel - descending, active Category: - Intraday Idea - Shortterm Trading - Catching Small Movement - Break of Channel Description: The market in not in a Trend, so we can either Buy or Sell. As you can see the market is...
for this trade i am looking for a breakout on either direction however i would be more bearish bias as long term trend is bearish however if the price continue to make higher swing and close i would go long.either way wait for a break and retest for either direction before entry i would say there 55% chance that price will most likely go downwards
In sync with my weekly view posted *************** Possibilities next week 1) BANK NIFTY starts performing in coming two sessions very strongly and NIFTY rushes to 10800-10900 levels. VIX further drops around 22-23 levels. 2) NIFTY fizzles out the rally and drops back or consolidates. Now for trading action, I do not think this is a good enough reading....
Short Opportunity July 7th - 2020 - New York Session Here after review on the higher time frames I have found reason to anticipate a bearish day for the GBPUSD currency pair today July 7th, 2020. Going into the New York Session I have found a supply/resistance zone along with price action indicating a significant rally approaching from the 107.500 level. My...
Long Opportunity July 7th - 2020 - New York Session Here after review on the higher time frames I have found reason to anticipate a bullish day for the USDJPY currency pair today July 7th, 2020. Going into the New York Session I have found a demand/support zone along with price action indicating a significant rally approaching from the 107.500 level. My target...
3175 main pivot point of interest for me - ENTRY 3175/6 SL/Invalidation -50 pips (3170) Targets - 3180 (1:1 risk:reward) - 3190 (1:3) - 3200 - (1:5)
For this trade i am looking for a breakdown from the zone before a retest followed by a signaling bar such such as an bearish engulf or 3 bar reversal with a lower close before having a entry
In my post yesterday, I had said 1. Today's breakout is not a convincing breakout. Mostly because of it was weekly expiry and BANKNIFTY not supporting the move. 2. I do not anticipate this upswing will have lot of momentum. But with close above 10440, I have changed my view about the trend to bullish . 3. But I wont take overnight long positions. I am...
IPO intraday trading strategy idea Lemonade is an American property and casualty insurance company offering renters and home insurance policies for homes, apartments, co-ops, and condos. The share price is rising and gonna continue this trend today. The demand for shares of the company still looks higher than the supply. These and other conditions can cause a...