This is a full breakdown of my perception of Price action on higher time frames! if you want to know the exact time I enter and exit my trades please subscribe to either my free channel for newbies (3-4 trades a week) or my “Journeymen’s” channel for all of my discretionary trades taken in real time! Thank you so much for visiting my trade Idea!
Make sure to like...
Key notes:
If Bitcoin broke down the uptrend line and a median of a downtrend channel, it will probably go down under 7k fast.
For now, we have a falling wedge and decreasing volumes inside it, which can indicate that sellers are exhausing.
I'm holding longs from ~8280 with tight stop, until wedge isn't broke. In a good case if BTC doesn't fall down, wedge...
TVC:SPX and AMEX:SPY are still forming triangle, and when it breaks we can expect that move in the direction of the breakout would be rather strong.
Nevertheless, for low risk entry (though also with much more uncertainty), trade may be attempted right now with stop just above previous high @294 and target as far ~275 area.
Again with such tight stop the...
Looking for price to bounce off the double bottom and re -test the downtrend
This is more of a scalp I'm only risking 1% on this with a very tight SL
R:R Just under 6.4
This is not a signal just a suggestion.
There is a upwards channel, and it can't seem to break the support, as the 4 wicks have touched the support.
A tight stop loss can be placed under the wicks.
Waited for price to break entry line and 2 pip pullback after all rules met = Divergence, Bollinger Bands, and below 30 on RSI. Nice easy 14 pips total I closed half at the 15% target. Much easier to look at on 1M chart after all rules are met will post that in the comments since it will not let me publish as an idea waiting for the wave 2 bounce with divergence...
A bit earlier, the EIA crude oil stocks report was released to the public, capping this week’s inventories cycle. The number came in on the low side, bringing short-term bulls to the table in force. However, immediate buying gave way to bearish action amid robust participation.
For the rest of the week, I will be looking at scalps to the long from above the 62%...
The recent slide in WTI pricing has not been kind to the Canadian dollar. However, last week’s hawkish move from the BoC has helped the Loonie hold its own against the USD.
Today's bullish pressure may bring a short from just beneath topside resistance near the 1.3200 handle into play. Here is the plan:
1)Entry: Sell 1.3196
2)Profit Target: 8-12 pips
3)Stop...
Its a super tight Stop right now (around 5%). If this thing sparks upwards momentum it can run a good 50% relatively fast.
Entry below 0.000465
Target 0.0007
StopLoss 0.000365
For The Win
Price failed to break the 0.23 fib (1241.357) level which is was also a previous resistance level now turned support. Slow stochastics are now indicating that Gold is moving out of an oversold position. Got a tight stop in case we drop to the 0.50 Fib (1220.185) leading into non farm payrolls this Friday.
If you're going for a Long/Call position then you may want to consider putting a tight stop loss at around 30.30 where the red line is. This is just an idea so I won’t post updates here.
In the morning I will be watching for a green to red for another short opportunity, but careful because if it gaps down then could be a long opportunity. Keep stops tight!
This website uses cookies to ensure you get the best experience on our website. To learn more about cookies, including how to control cookies, please read our Cookies Policy.
