Here we have a supply zone that the price has attempted to break, creating a spike which further validates my bearish scenario. The objective will be to wait for a retracement to a point of interest (POI) that I have highlighted. Let me know what you think in the comments. Have nice trading day!
AUDUSD presents an interesting scenario as it shows a very strong demand zone where the price has attempted to drop multiple times, creating spikes. However, we do not yet have any interesting points for a long trade, so if the price were to break this zone, we could consider a short trade. Let me know what you think in the comments. Have nice trading day!
On EUR/USD, we have a bearish setup in the last week. The market is generating a supply zone with two price retracements before further declining and breaking previous lows, creating BOS in the process. The objective of this trade is to aim for 1.0880. Let me know your thoughts in the comments. Happy trading and have a great day.
I have highlighted a sell zone and a buy zone that I will use as reference for my profit target. The trade in question is really simple, just tracking the price on the supply area. I opened with a stop positioned above the highest candle within the sell zone. Let me know your thoughts in the comments. Happy trading and have a great day.
#ALICE | SHORT | TRADE Entry Conditions: | Ascending Triangle - holding a strong resistance | Likely to test lower trendline again | At 20 & 50 DEMA support so watch out | Double key RSI trendline break
This pair might get back to the 4H lows. We have received an entry on the 15m chart to get a nice R:R short trade. Break of structure and now a movement in allignment with the HTF gives us the go.
TSX:SXP | SHORT | TRADE Entry Conditions: | Big Divergence and heavily slowed momentum | Lost local support | Potentially much further downside after huge rally | Breaking long term RSI trendline
$CORE | SHORT | TRADE Entry Conditions: | Lost Support | Bullish Untested Weekly - Be Careful | Moving within a descending wedge | Lost RSI Support
$BNB | SHORT | TRADE Entry Conditions: | Expecting test of lower descending channel again | Breaking 200 EMA 1h | Expecting test of 200EMA 1D | RSI Support Test
$XAUUSD | SHORT | SET-UP Entry Conditions: | Careful of bullish divergence | Lost 1h 200EMA | Trendline Breakdown | Lost RSI Support
$ATOM - Short Trade Set-Up Entry Conditions: | Rejection from bearish trednline | Failed to break the 200 EMA Daily | Big Bearish Divergence | About to break RSI Support
$GRT - Short Trade Set-Up Entry Conditions: | Potential Bearish Cup & Handle | Bearish Divergence | RSI Trendline Breakdown
$FLOW - Short Trade Set-Up Entry Conditions: | Long Term Bearish Trendline | Trading Under 200 Daily EMA | Ascending Wedge | Confirmed RSI Trendbreak & Bearish Divergence
$BAND - Short Trade Set-Up Entry Conditions: | Confirmed RSI Trend break & Bearish Divergence | Bearish Divergence | Broken Trendline & Retest
EUR/JPY braked the 142 area to the higher prices. Further upside seems likely in the short term but it would be good to wait and take a short in higher prices around 144.5 this area is a big short zone that seam was a sell block zone. with better risk/reward you can sell this asset
$DOGE - Short Trade Set-Up Entry Conditions: | Rejection from 20 MA 1hr | Beraish Divergence | Wave turning bearish | Bearish DI & Momentum turning positive
$NZDUSD - Short Trade Set-Up Entry Conditions: | Weekly Pivot to Fill | Breakdown and retest rejection of 20 1hr MA | Bearish DI and Momentum | Bearish Momentum Signal | H/S Pattern Formed
$EURUSD - Short Trade Set-Up Entry Condition: | Bearish Wave Signal | Resistance | Wave turning bearish | Bearish Divergence & Overbought RSI