broke horizontal support
Setup:
NASDAQ:AMGN 1D chart
enter with limit order when price pulls back - EP @ low of range
SL above last pullback
TP @ previous lows of Oct/Dec '21
R/R 3.7
⚠️ watch out for potential supports @ previous levels of resistance or support (marked with orange flags)
> 1:1 when hitting first support, 2:1 when hitting second, so trade...
broke horizontal support
Setup:
NASDAQ:PRTS 1D chart
SL placed above last pullback
enter with limit order @ low of range level
TP @ level of previous resistance turned support from 2019/20
🔰You can see the analysis of Euro to Canadian dollar in the four-hour time frame (EURCAD _ 4H)🧨🧨
💥As it is clear from the picture, it can be said that the price has a Range behavior❗🧐 If the black🖤 ascending trend line is broken and the price stabilizes❗ below this line and then the price pullback❗ to the trend line, we can expect the price to fall to the first...
🔰You can see the analysis of New Zealand dollars in US dollars in 2-hour time frames (NZDUSD_ 2H)🔍❗
✴️As is evident in the description, the price after breaking the line has had an upward trend (black🖤) and pullback (orange🧡) has been rigged. If the price reaches the DEMAND range and also breaks the downtrend line (black🖤) we can expect the price to climb to the...
I see a tall trading range within a Bear Trend on the Daily Chart.
It has hit the highs multiple times.
The DAX40 is dropping , could the NAS also drop . (there is often less correlation, in fact the European indices usually follow the US indices)
I'm going short on the NASDAQ...
www.tradingview.com
The 5th contact of the trend line has been broken today.
Waiting the pullback is a must to consider before going for a short.
Coming days will let us know.
So far, we've seen a nice run on BTC. And its been a while since I've traded BTC, but as I missed alot of opportunities since last week, I figured tonight would be a good night when I saw that nice pullback. As I am seeing bullish structure being formed, I entered a LONG, hoping for continuation.
Reasons for entering trade:
0.618 Pullback of the last...
Got in the breakout after the pullback towards the current uptrend.
1)Stop loss is under the low of the pullback.
2)Profit target is around December highs.
A bigger picture on BTCUSD provides better understanding of price action and long-term direction . The third of highest selling price is clearly attracting demand and supporting price . The pair is forming a complex pullback pattern with 1/3 of the highest selling price as the bottom. This triangle's ABCD legs are formed already and currently the E leg down...
