After ATH for the FTSE100, the development of bearish divergence within a rising wedge has occurred. This bearish pattern has broken down now and I AM SHORT at the current levels. I am looking for the price to come down to 7700 where I will take some profits. Followed by 7600, 7400, and finally 7000 I don't have a stop loss in place as I think it could put in...
i hope all you great traders are doing well! here are my observations on gold... - at the market open of this new week, a gap was formed and since open price has been around the 1887 resistance zone - on the H4 we can see 4 candlesticks respecting that zone and showing signs of a bearish move - a consolidation zone was formed so a break of this zone will show us...
We are currently looking for buying opportunities on USDCAD. This is because the pair has become bullish on multiple time frames. We also see a breakout of a daily time frame trendline. When we look left, we can see the pair has been largely bullish but in recent weeks and months we have seen a lot of correction and sideways movements. Could this be the...
BAJAJAUTO bullish move continuation possible.. Multiple Confluence Points: 1. Demand Zone Reversal 2. Channel Continuation 3. Double Bottom Breakout & Retest Done 4. Break of Market Structure (Trend Changed)
hope all you traders are doing great! here are my observations of the s&p... - so for two days (thursday and wednesday) the market was at a level of support, and price tried to breakout of this support level (on lower time frames) but broke back in to show that it has been respected - the rejection of yesterdays daily candle are seen as an inverse head and...
Hey Guys! This cropped up on my desk recently and I thought it's so essential for Traders to understand. You hear the term 'Trade like a casino' often thrown around the Trading space. It normally refers to essentially taking in more than you lose. But in reality beneath the surface, there's way more to it than that and it's incredibly relevant in your Trading...
Taking a look at K23 Corn futures, a great risk to reward setup has shown itself. Looking back to the beginning of 2023, Corn has retreated to support, and held overnight(~650). Using a tight stop (644), one can surmise that you can risk ~6 to gain ~30, as 680 is previous resistance. Happy Trading!
hope all you guys are blessed! it's my baby brother's birthday today si i'm in the best of moods today and please wish him a happy birthday :) but here's my breakdown for german 30 - this market has been in a range on the daily timeframe and the most recent was a touch on the support of the range - but on the H4 market has been making LOWER LOWS and LOWER HIGHS...
Trade based on the monthly timeframe looking for the spring to retest monthly lows, and sweep the equal highs. Nice and simple trade looks like I caught the play it was running a simple retest off the lows and a nice run up to sweep the equal highs followed by a distribution wave classic setup it seems. The last distribution/bear run took us down to the lows we...
Clear formation of a clear continuation pattern on the 1H/4H charts. Apply your own risk management and trade.
Bearish Funadamental Background : CPI helped price to pullback and breathe and now we have returned to the lows. Momentum: Bear Candle from Last week with solid body Technicals 1) Large Top wick rejection on weekly candle after printing Bear Candle last week 2) Was anticipating Bears to show up this week AFTER a potential pullback .. Which we did get a...
Hi friends. I see about 4 hammers on a strength Trendline and i think price will go to the upper band i have shown on my chart. If the price surpass this 24000 resistance level after a pullback to this level , we will see a huge increase in BTC in coming days. Dont forget we are in a 4H time frame and this trendline is very important. In addition this hammers...
As We anticipated Sells Last week from 81.50 Critical Supply Zone, we profited. Price moved just as expected. We were correct. In the Market when you are correct, you want to earn multiples of what you lose when you are wrong.. So you want to maintain good Risk Rewards Ratios and only take trades that are in line with your Bias. Because there were countless...
1 Breakout on the trendline. 2 look for an entry that will show a good risk 3 We have 3 resistance that will be the possible target profit. Don't forget your RISK FIRST before reward ok!
For a long time, the asset is in the accumulation stage, and on the daily timeframe, you can see the resulting double bottom. If the resistance zone is broken through and the asset is fixed above 0.935, I expect growth to the area of $1.3 This is not a financial recommendation, everything you do you do at your own peril and risk.
The S&P500 is looking bearish ahead of the much awaited Fed Interest Rate decision later today. Sellers looks to be in control in anticipation for the rise in the USDX value. On the daily chart, MACD shows slightly overbought signs. Selling opportunities exist at the current price 4055 with tight stop loses around 4076. Should the USDX surge later today. The...
Tcs Is Again Near Its Supply Zone With Providing Long Opportunity. With Budget Around The Corner This Can Be A Favourable Opportunity. Buy If Day Candle Closed Above 3475 With Strong Volume With Sl Around 3390 Tgt 3592/3704/3816.
Sell based off daily supply zone at 81.40. 3.1 Risk to Reward Trade. Almost to target at 80.8, Will secure positions and Move SL