In depth Review for our Traders on our VIP Service.
Review of our Trades from Thursday 21/09/23.
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Three Winners from Three Trades with clear and clean price action setups!!
The Video is a review of the three trades from the previous session in Europe and the US.
I take a look at the Price Action the led to the Entry Setups and talk through all the reasoning for the trades.
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DXY H4
As discussed last night on the weekly watchlist video, DXY could start to see some rejections and corrections from the late rally we saw last week off the back of AE/UE and NFP figures. Still very much bullish bias for the USD this week.
Nothing like a market correction to grab entries on instruments like GBPUSD, XAUUSD shorts. Hopefully this correction...
Traders,
Just browsing through the charts this morning and thought I'd throw out a trade opportunity. There are many but Matic looks especially juicy here. Of course, it's always a bit risky before a FED meeting/press conference (i.e.- Jackson Hole) but I am not offering trading advice. I just wanted to show you one of the many opportunities I have spotted this...
Support on the 200 day. Support on long-trending RSI. I expect a bounce.
Cost 1800
SL 1700
Target 2200
This is not financial advice. Just showing you all what I am doing here.
Best,
Stew
Another entry here for me in Litecoin. It actually missed my trigger buy at $77.50. But I didn't want to wait anymore. Bought at 77.12. SL is 71.69 for now. Will take profits along the way with an overall target of $106.
A little more on why I took this trade. Of course, fundamentally, you all probably know that halving occurred. The market sold the news and now...
Yes, I know. The altcoin market is very nervous. And rightfully so. But Defi does especially well comparatively when regional banks are faltering. Right now, regional banks (KRE) are moving down and becoming weaker once again. Could we see more defaults? Probably. But this isn't about regional banks is it. We're looking at JOEUSD, a nifty little Defi play. So,...
Traders,
We have waited patiently for this moment. Crypto, quite honestly, has just been annoying lately. But finally, XRP has touched my support and target down for re-entry at 58 cents. My buy order was triggered at .585 to be exact and I plan to hold this to at least the .995 target and potentially $1.17.
Take a look at the RSI. Notice the RED TL. You could...
Riding the Waves of Optimism: Unveiling the Bullish Trajectory of HBAR
In the world of cryptocurrency, Hedera Hashgraph (HBAR) has been making substantial strides that echo a promising future. The buzz surrounding HBAR's potential ascent to $0.13 in 2023, as suggested by market experts, has invigorated the crypto community with enthusiasm. While predictions are...
the instrument is getting sneezed in a triangle which is very much located in a heavy Distribution zone and between the monthly Support and Resistance areas which is a good sign of some upcoming volatility
better to have an eye on it as as soon as break true and pull back we can trigger the trade
we have 2 target areas for both the scenarios
USDWTI H4
We have United States EIA Crude Oil Stocks Change figures later on today at around 15:30 UK time. This should see a little movement in this commodity. Moving upside in line with previous analysis, just $1/b away from our previous high price.
Interested to see if we can reject from this $77/b price, we have some attractive range targets if we can do so.
GOLD is approaching a potential supply zone which could be the beginning of a consolidation retracement, the best point for shorting is above 1972.70 liquidity point in the supply zone looking down to a target 1942.68 or 1937.48
XAUUSD D1
We are now starting to break support here on gold, 1940 was the previous area of daily support which held for a solid 64 daily bars. A retest of the underside of that broken zone could offer us short entries to $1900/oz.
That being said, the preferred setup here would be longs from $1900/oz, alerts set for both, and waiting patiently.
