BYBIT:XMRUSDT.P XMR has shown significant weakness in the last week. - Breakdown of ASCENDING WEDGE - Could not hold .618 Fib level - TSI (True Strength Index) crossing indicating continuation of the downtrend - CCI is in the oversold area however we believe the trend will continue Stop Loss: above $134.35 Take Profit 1: $129.20 Take Profit 2: 127.45
Looking at price making a push to the downside to either give us a nice short back to 0.99 or just catching a small retracement before then moving higher. Before taking this trade I want to see a bit more price action around this resistance area! Looking for even star formation on the 1-4 hr or a right shoulder second rejection..
Looking at that continuation down as explained last week.. Price at the moment is creating at resistance area with price slowing down and rejecting. Price can push a little higher so I may just wait for the initial drop on the 1hr and then look for a small right shoulder..
Hey guys, hopefully some of you may have got entry's on this one, I think I've covered it at lest 10 times ahah, if your not in a position look for a retracement and the next leg.. simple market structure!!
Have been watching very carefully around this resistance of 1.38 on USDCAD to see how price reacts. We have now had multiple rejections and another (FAKE?) push through followed by price quickly selling back off... we sometimes see these fake moves (breaking through levels) to catch the early sellers before the big moves happen... is this the situation with...
Looking to see if price is going to fail its next attempt to push higher, if we do see a rejection and right shoulder ill be taking shorts. Remember we have fundamentals at the end of the week that can change things very quick so make sure you have stops set and if price gets to wild its probably best to just stay out!
Entry : 11740.88 Stop loss : 11976.74 Target 1 : 10833.75 Take profit : 10666.13 RRR : 1:4.5
Price rejecting the resistance of 142.000, so I'm looking for a push down to continue a downtrend. Don't really respect trendlines, its just there to give you and idea of the current direction... Always remember to risk manage first and leave your emotions aside, If price doesn't show rejection from the highlighted zone do not take entry's!!!
Looking for a right shoulder rejection to either give us a opportunity for a long term short or at least just tap into the support of 0.09. Personally ill be waiting for that initial push down and look for that confirmation fail back up before taking entry's.. but I can see some huge profit potential if price can move in our favour. Just remember DXY is very...
Looking for price to continue last weeks move and make a quick move to the downside, I'm expecting this push up move to be the retracement so first target 1.02000 then possibly further.
As explained waiting for the retracement after missing the big move down, so a couple highlighted areas that I'm looking at hopefully getting a position to make the next move down. I'm targeting the area of 0.67000 at least as this is a huge support and price should magnetize to it.
Looking at either a longer term continuation push up or a possible right shoulder reversal. Two areas to look at buys and sells from, another rejection from 165 will see price push to at least 166.100 for either a right shoulder or push further and possibly make a new leg higher.
We should create a move down either for just a retracement of maybe a longer term reversal. Still pushing up so I'm looking for a right shoulder move on the 4 hour to confirm price to make a push down. I will update target areas if I take a position!
Watching price intently around the current zone, a third rejection from this zone will confirm a nice short opportunity. BUT its IMPORTANT that you wait for confirmation before taking entry! trading takes a lot of patients and that's what creates a consistent trader, don't rush any trades its Monday and you have endless opportunity week in week out.
We should see some resistance out of this level at 166.000 for either a big retracement or even a move all the way down to 160. I will probably wait until the start of next week before even looking at taking entry, remember even if we do see a move down to finish the week there will usually always be a second opportunity to get into the trade.
Energy prices are rising and it helps Canada to be valued higher On the other hand, there is a risk that many sellers are waiting to hear the news of the nuclear agreement with Iran Short position in higher value of USDCAD it can be a good idea sellers are waiting on supply area for this pair is 1.32941 to 1.3399 area
Hey all, if you swing by my page, I've long been a massive NVDA bear, along with semiconductors as a whole; I think they're due to go much lower. Right now, I believe I saw somewhere that NVDA is the most shorted stock in the stock market. I worry that this trade is too crowded, evidenced by the fact that I exited my NVDA short earlier today(Probably a little...
Hey guys just updating my position on GBPUSD nice push down straight into profit and risk free from entry, have secured 40% profit and now just letting the rest run risk free.