Hello Fellow Trader!
CHF/JPY has made 114.000 a potent level for change in price behavior. It also collides with the 33 RSI band which since August has been the true oversold support level.
The base of a wedge provides us defined entry focus and stop levels we can hawk and enter at a a superior reward to risk ratio. IF: CHF/JPY fails 114.000, the next support...
NSE:HDFCAMC experienced quite a lot of hesitation at higher levels after bouncing up from ~2430. After retracing from higher levels, we can see it attempting a recovery once again.
If the support is held, it could be a good swing long as long as the incoming resistances can be breached. As of now, it is just under the 13DMA (not added in the chart). So a...
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I am going to share with you the scalping opportunity. Less risk, high rewards based on your profile.
You can trade as a normal strategy as well.
Please put a tight stop loss of 5 pips after opening the position. Make sure price rejection wick is not more than 2 pips from open position.
Target: 15 pips.
Would like to see the DXY pullback a bit before continuing to the upside. Looking to play AU and GA; will look for negative and positive inter-market correlations as confirmations at the same time respectively. Accumulation and Distribution smaller time frame fractal snipes will be my plays.
The market is in a downtrend.
As you can see the market is in a descending triangle.
That means, that the market is making lower highs, but no lower lows.
The effect of this pattern is this:
The sellers keep selling at the trendline.
The buyers are buying at the support, but they're making lower and lower profit.
What does that mean?
🔸 Signal Info: Power Ledger
🔸Analysis: I have been stalking this Power Ledge chart for so long now. It has been the default chart that opens up on trading view for weeks now. I remember trading the asset shortly after the launch on Bittrex a long time ago. And I felt terrible for missing out on that wild 300% gain back...
This is my first idea, this means I have made a mistake, and therefore I apologise to those involved.
Try to open positions under 130 $
(you have got opportunity until that bearish market didn't turn reverse)
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- the IBM has got a very strong Weekly Support at 126.85
- When this Virus situation...
Setup is pretty smooth and easy to do
Green circle shows where i can enter the trade. I'm planning 2 entries in it. ( $77 and $57) Stop Below the ATL
I may compound on the way up, if that happens
It is not suitable to risk lower than R and risking more than 5R,
I have to make an exception because while market retracing i need as much as cash i could spare.