This is purely technical, still looking for fundamental data to support the new uptrend. The will Retail GBP news on 19th, so i will wait for a proper entry and setup later. But overall if i am to take this i would risk just 1%.
PEPPERSTONE:NAS100 has broken the strong support zone indicating a potential correction of recent 20 weeks bull rally. Moreover, recent geopolitical circumstances triggered a massive sell off in stocks. Good opportunity to capitalise on short setup in NAS from fib 50-75% levels
Yesterday i had sell limit at 2395. So i'm expexting us to go back up to 2389 and then see a dropm on XAUUSD
This is long time trade analysis, The break downside wekly candle level 60820 to continue fall-down, but 60820 weekly candle not closed this level to continue up side. And see screen short time trade.
BTC/USD Technical Analysis Timeframe: Daily Bitcoin created all-time high again. We can see in daily TF a symmetrical triangle formed and valid breakout happened. Now we are expecting downward moves to the SUPPORT ZONE.
- Previous Day candle closed bullish . If we are looking for buys we will take on until daily resistance formed on 21 july 15 - If we are looking for sells we take on until 25th dec 02 daily resistance. - Wait for 1 hour candle to close above or below zone to enter trade.After hitting TP, you are done for the day. - We risk 3-8% of our capital. Close trades ...
FX:XAUUSD is trading exclusively in a bull market. Quick and temporary reactions to the news are quickly exhausted and buyers regain the upper hand on the metal's price. Yesterday the price made another retest of the support at 2330, which has the status of an intermediate bottom. This area held the price and after that the market returned to its true...
FX:GBPJPY is preparing to continue its growth amid the strong weakening of the Japanese national currency. Japan's central bank has been underperforming and is not about to do so. The strong bullish trend in the currency pair may be continued. There are no prospects for a trend change. The key target at the moment is 195.844 On H1 it is worth paying attention...
FX:EURUSD is testing 1.0864 for a breakout. The price is heading towards downtrend resistance. Unpredictable CPI ahead, but technically the currency pair could bounce back down. All eyes are on the consumer price index today. Traders expect a strong decline in the CPI from 0.4% to 0.3%, which generally indicates the state of inflation and is a strong lever for...
So This Analysis learning Purposes only, any profit and loss you make on risk.🙏
In Rikyrat Algo,you take a short when you get a sell signal by my indicator.To set the stop loss,choose a recent swing high and add or subtract the atr value to it.For take profit use a 1:1 or whichever risk to reward ratio you want but upon half the profit area,book the profit and set the stop loss to the entry price.To get the indicator ,anyone can contact me...
xauusd hit liquidity & bullish to 2395---2415 trend is up trend & buy in demand
~6.50pm - 7.14pm good trading session today (actually a green day) I noticed I NEED to be more aggressive with my trades BUT still keep my rules Also: 1 trade per session, nothing more Trade: good trade (I thought it was a bad trade when it went near my SL but ig thats normal) PnL: +0.8 pips (+1RR)
📉Hi Traders, Investors and Speculators of Charts📈 Fractals are a helpful way to identify how markets have previously moved. When identifying a similar pattern, it can be useful to speculate future potential price action. Here we'll take a look at how the previous bullish cycle played out. By following Elliot Wave Theory, we can find a target for a potential...
ARKK started its rally in November 2023 and reached $54.52 in December 2023. Since this date, according to Elliot Wave Analysis, it may be making an ABC correction. ARKK, which made the A wave by falling to $ 44.63, then rallied to $52.06 with the B corrective wave. As long as ARKK stays below $52.06, ARKK may be making wave C. At the end of this movement, it may...
Ideas not advice A technical outlook for the days Double top rejection at resistance Distribution cluster formed and sharp rejection to downwards 150EMA has been it's support in the past If it breaks below distribution lows, it will confirm that it is bearish Unless all of this is either mitigated by Retail sales news or accentuated Goodspeed y'all
A technical approach that could change your trading game. The Double Bottom, a classic chart pattern, comes in the form of a "W" and signals a potential uptrend after a period of decline. This configuration is characterized by two hollows formed at the same level, indicating a solid support. A high accompanying volume validates the signal and often triggers a...
This is my 4th idea looking at Solana with Ethereum as a pattern, benchmark, or comparison. I used this pattern to identify downside targets and potential reversals and now I am using it to call a local high. This is basic and fundamental charting. Both charts show a 5 impulse Elliot Wave to the upside. With such a clear pattern and impulsive move we don’t...