There is a potential buy setup here Based on smart money We are in an Poi= point of interest We would be waiting for a coch before entering a trade Ideally I would look in LTF to check for further liquidity to grab The creating a choch I Always use an 1% risk
4H bearish market structure as it can be seen in the chart, price just below an important structural point where price bounces up and down several times and shows that the area is important for traders. there are 2 areas that price can tap into and reject from, one of them is a local top in recent price bullish corrective move, price can take out liquidity from...
price 4H timeframe bullish structure move, followed by a lower timeframe bearish corrective move which brought price close to static support area and shows price intention of more upside move. for taking a buy position we need: 1- price tap into the supporting area 2- see some bullish move in form of engulfing candle which shows that buyers are in the market. 3-...
Summary: * Overall Bullish Trend * We are in a short term pullback * Only available opportunity i see right now: Buy at 167.700 IF we fail to break that support zone Another update during pre-ny will be made.
The gold spot has broken a trend line and retested it. This is a clear indication of a trend reversal, I am expecting it to drop as indicated.
$GBP - A break to either direction! Great set up - A break to either direction, quiet week due to the holidays! Don't forget to trade your own plan! Trade Journal
After consolidation, a strong support level has been broken as shown on the chart. ADX indicates bearish momentum gaining strength. Will go short below last candle low of 6770 Entry - 6770 SL - 6980 Target - 6540/6415
Looking to see if price is going to make a push up on the 1-4hr, if we do see that ill be looking at areas to buy from... ONLY look for buys if we see some bulls set back in at the current time I still do expect to see price tap into support!
Looking for a continuation back into the area of 1.75000 support once again! Price made a nice move all the way down from 1.8 and now we have seen a retracement so looking for a nice short trade off this right shoulder to continue the downward momentum longer term!
We have seen something very similar before. Let's see what happens with the Volume?¿? If the volume drops like last time, it will drop back at the bottom. STAY SAFE
Getting ready to get a Short before the 44.50 area, so I can ride the short till the 41!
Bias: Quiet & choppy until Fed interest rate decision. Top Watches: Long - CHGG, AMD, TRQ, CVS, YUMC, MTCH, TMUS, DKNG. Short - PARA, EL, GOOS, ABNB, TUP, ENVX, TWLO, LL. Follow my page for daily pre-market reviews and trade ideas.
Taking a calculated risk here. Assumption: This is a backtest of the breakout above resistance. Start of the W-C up should be in place shortly. Taking trade with 2x Lev to upper end of resistance channel. Stop loss: Once the triangle support is broken.
This is getting REALLY interesting and a LOT of FUN. BUT please DONT lose sight of CAUTION and some reality. T/A works and reality will catch up eventually. Play the levels as they are and DONT get caught up in the FOMO of it all without setting Stops etc. THIS is EXACTLY when,where,why,HOW people get Wrecked. and FAST... This market is not showing signs of...
Traders, BTC will most likely retest that 50 day. It's been a few weeks since we were on the upside of it. And with the 100 day overhead acting as resistance, I can't think of a better entry than here. I will short with 5x leverage. TP = 19,600. SL = 21,000 (yes, I know that's tight - loosen yours if you are comfortable doing so). Best! Stew
$BABA overall indicates a bearish momentum on the daily chart. Though it has formed a downward wedge, it still has time to continue to fall before change of momentum to bullish. Question is, how far will it go before a turnaround to the upside. On Trendsi Indicators; Overall momentum is showing bearish, with red EMA (middle band), money momentum (white line)...
Hello traders, Here is a descending channel that is currently retesting the breakout as well as a strong support. 3 targets on the chart, I suggest covering your stop loss at the first target or moving your stop to even. Please DM me if you have any question regarding this trade. If you like futures leverage trades like this please leave a comment and let me...
I've been following this pair for a long time and have opened a short position. The Fib level is being rejected and seeing a lot of selling pressure. Share your thoughts and follow for more updates.