4H Corrective approach towards entry zone. = Sell limit Bearish W pattern also there as extra evidence. 1% risk.
4H Bullish impulse / break of last LH: indication . Inverse Head & Shoulders pattern: confirmation. Clear support & resistance zone is there. Corrective approach towards entry zone. More clear from a 1H perspective. -68 Fibonacci completion also aligning with entry zone. = Buy limit. 1% risk.
Daily Chart: Congestion and Key Resistance Levels The daily chart of Tesla, Inc. (TSLA) shows the stock in a congestion phase, marked by sideways price action within a range. The 21 EMA, currently at 177.22, provides short-term support and resistance. This congestion phase indicates indecision in the market, where neither bulls nor bears have taken clear...
The USD/JPY pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent breakout from a Wedge Pattern. This suggests a shift in momentum towards the downside in the coming hours. Possible Short Trade: Entry: Consider Entering A Short Position below The Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around...
I see a reversal opportunity for USDJPY trading, the price enters the supply zone, it is hoped that the price will drop through the white space as a profit zone, with a target demand zone of m15. Use stoploss above the supply zone. Good luck notes. All risks are not our responsibility.
Daily Chart: Resistance Levels and Breakout Potential The daily chart of PLTR reveals a strong bullish movement with the price recently testing the resistance at 25.47. Historical resistance levels are marked at 25.47 and 27.50, where the price has previously faced rejections, as indicated by the red arrows. The 21-day EMA acts as a dynamic support level,...
Daily Chart: Ascending Channel and Key Breakout The daily chart of the SPY shows a robust upward trend within an ascending channel. The price has been making higher highs and higher lows, respecting the channel's boundaries. Key levels include the lower boundary of the channel as dynamic support and the 21-day EMA as a critical support level. Recently, SPY broke...
Anyone who has read my recent post will have noticed that we are tracking the increasingly over-expansive market in the CME_MINI:ES1! . If the trend is indeed our friend, then prices should remain moving upwards. Which is what I expect will happen. But in order to go into a strong uptrend, first some levels of support must be tested, or else we risk...
Yesterday, S&P 500 closed at record High again and up about 15% for the year so far. Would not be surprising if traders take profit. Level to watch: 5546 --- 5544
Aggressive CounterTrend Trade - short balance + expanding ICE + biggest volume 2Sp- + weak test + first bullish bar close below entry Calculated affordable stop limit 1 to 2 R/R before 1/2 of monthly take profit OCO 3A: Sell VZ Limit at $40.35 (Good 'til Canceled) OCO 3B: Sell VZ Stop at $38.91 Limit at $39.39 (Good 'til Canceled) Daily context: "- short...
Hello everyone, I invite you to review the chart of ETH in pair with USDT, on a four-hour interval. As we can see, the price has risen from the first channel of the downward trend, then we can see a break from the local upward trend line and now we can see the second channel of the downward trend, Currently, the price has bounced off the support at $3,495, but...
Burberry (ticker: BRBY) reaching ~14 years lows, where the risk /reward ratio for the mid/long term starting to be favourable. I have two scenarios sketched out on the weekly, white being a 5 wave up, in which we finished 3, followed by a yet unfinished irregular flat structure as a wave 4. Yellow suggests a 3 count move up as an (A) wave, working now on the (B)...
Look at the GBPUSD chart to find entry opportunities that are supported by several advantages supporting the setup. I saw that after the increase GBPUSD tried to retest its demand zone. This will support the Buy setup with some supporting data if the price: 1. Trend is still bullish. 2. Price enters the RBR demand zone 3. In the demand zone there is...
I see a SELL opportunity in CADJPY with several sell setup considerations 1. There is a bearish flag or channel formation on the 4H TF. 2. DBD supply zone With this consideration, we take a SELL setup if the price enters the supply zone. Still consider trading risks. Note: this setup is not trading advice. All risks are not our responsibility. Happy Trading
Daily Time Frame: Overview & Observation: 1. Clean price action. 2. Moving after retest. 3. Reversing after support formation 4. RRR is favourable. 5. IT sector is currently underperforming once the sector starts reviving this stock should blast. Trade Plan: 1. ENTRY = 642 2. SL = 10% (577) 3. TARGET = 1:3,1:4,1:5 - Stay tuned for further insights, updates...
4H Corrective approach towards entry zone. Market approaching in Bull Flag formation towards entry zone. -68 Fibonacci level aligning with entry zone. = Buy limit set. 1% risk.
The RNDR asset price demonstrated the formation of an inclined support level, which was successfully tested three times, followed by a confident rebound. In parallel, an inclined resistance level is observed, from which the price bounced twice. In the context of the volume profile, the asset is trading in a range between $7.895 and $11.088. Currently, the...
Key Points: Buy Entry: Consider entering a Long position around the current price of 104.30, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 105.15 2nd Support – 105.50 Stop-Loss: To manage risk, place a stop-loss order below 103.97. This helps limit potential losses if the...