Our AUDUSD Analysis is still valid, We are currently waiting for the market to drift lower to hit our entry point(s) Our POI (Point of Interest) are: Buy @ 0.66065 and 0.65920 TP1 0.67195 TP2 0.68250 TP3 0.69750 TP4 - Leave something running if price action is favorable. There are many fundamentals which play in favor of AUD strenght. Lets see how it plays...
✅USD-CAD is presenting us with The classic trend following long Opportunity because of the Confluence of multiple factors All pointing upwards such as The uptrend, the bullish wedge pattern And finally the bullish breakout LONG🚀 ✅Like and Subscribe like a BRO✅
Goodday traders, Price showed me strong Bearish momentum last week. Im looking for price to retrace in the beginning off the week to fill more Shorts mid term. For today if price retraces in the NY session i will be looking for a possible Long to take out BSL. The Long POI is under a current bullish swing, so im expecting people that are long to place there SL...
🖥️ We have determined there is a 65% chance Bitcoin will Rise from our current entry point. 📉 LONG - BTC : $21,800 📉 💵 Length of trade: we are expecting BTC to hit a $400 scalp, with a high end of $700, and a minimum expectation of $250. 🕰️ Duration of trade: we are expecting the minimum target to occur within 10 hours. Then we see the rest of this trade...
After the first impulsive leg, price started to correct (consolidate) in form of an expanding flag which then signifies continuation of movement. I'm considering a Risk entry type within the structure. Share your thoughts in the comments and show your support for the idea by liking it. Thank you for your help.
It’s been a while! Took some time away to practice. Looks like we broke out of a recent downtrend. I counted a potential impulsive wave on the breakout and am now looking for a retracement to the wave 4 low anywhere between 38-61% or more if possible. Price may be in a consolidation phase at a recent high. Could recent bullish momentum exhaust soon?
Review: This weeks agenda was short covering, market got too short under 3930 and we used the covering do drive us higher to our bigger supply areas where we can find more selling. We have successfully arrived at our next bigger time frame supply level. Wasn't an easy week to trade as they didn't make this move up as fun for everyone but levels held nicely...
MKR is trading on the lower major trend line. Waiting on a start of the Bullish trend. Also we have a Bullish Divergency on high time frames. All Target Marked by Yellow Lines. Fix your profits partially.
🖥️ We have determined there is a 75% chance Bitcoin will RISE from our current entry point. 📉 LONG - BTC : $16,605 📉 💵 Length of trade: we are expecting BTC to hit a $250 scalp, with a high end of $350 - minimum expectation $175. 🕰️ Duration of trade: we are expecting a possible fast spike going up 150-200pts, then BTC to makes its way up to the prior level...
Potential Double Top forming Price at resistance level Looking for 35% to 61% retracement of previous low
Price closed Friday under $40.50 after almost reaching that same price this week but stalling out near $40.44. This stock tends to move slower than others. $41.50 to me is a safe price range with zeroing out at $42 worst case before we lose money. Daily bar Friday closed under the most recent candle before that as well to note. Wave 3 may lowkey be a wave 5 but...
Since the recent news relative to the authorization this past week, price has been making higher highs and lower lows. Only 6 times this year price played around in the $54 -$56 area. I'm banking on price exhaustion from the recent "good" news this past week. Daily is overbought as well. Maybe we can get a bar close or two this week lower than previous to give us...
The last two times price touched $42 was in August ($42.10) and December ($42.03). Price hovered near $42 highs in November but didn't hold. Could also be a start of new impulsive wave to the downside. Might wait til the fed decision and cpi reports pass next week to get a second look.
$41.48 to $42.36 were two recent noteable highs since September. Price rejected the $41.50 area twice in November. Daily is oversold so we still need to be a bit careful here for the type of range trade we are looking for. Might wait til the fed decision and cpi reports pass next week to get a second look.
$24.17 was the high since consolidation started late September. Price has been trading in a range since. Might wait til the fed decision and cpi reports pass next week to get a second look.
Possible "ABC" forming if price doesn't break previous high. RSI isn't oversold but is nearing the 50 level. Looking for 25% to 50% retracement of the previous low (bottom horizontal line) What do you think?
Patterns look familiar? If price tests the 103.60's, could we see a repeat? Higher PPI report came out today. Interest Rate Decision next week. What could CPI read next week? So many factors to consider. Fed said they will slow the amount of hikes but may get more serious about the level of hikes if data doesn't show good indicators relative to inflation. Price...
Price trading sideways since 1PM CST today. RSI Overbought Shooting star forming on current candle. Current candle near a trend line high. 30 and 10 HMA Cross. Look for 25% -35% retracement from where current price is.