Following the U-shape reversal on the 15 minute timeframe we had pullback to the 38.2% Fib level followed by a bounce to the upside. This indicates further upside is likely and I would suspect another leg up as the same size as the U-Shape reversal impulse. That's it - That's all Trade Safe.
This is video number 3 of 3. Watch the last two in the links below to gain insights on how I trade economic reports such as the Australian CPI That's it - That's all Trade Safe
In this video I explain how to wait for the bullish momentum to stall out to then consider some short selling scalp trades targeting on 10-20 pips. That's it - That's all Trade Safe
At 9:30pm EST we have Australia reporting CPI data and in this video I have plotted out some areas of interest that I would consider selling Aussie provided we get strong bullish momentum following the reports. The sells are intended to only be scalp trades with small targets of only 10-20 pips depending on the pair.
The Russell 2000 (US2000) is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 1,984.39 which is a pullback resistance. Stop loss is at 2,035.00 which is a level that sits above the 50.0% Fibonacci retracement level and a pullback resistance. Take profit is at 1,916.07 which is a pullback...
EUR/AUD is rising towards an overlap resistance and could potentially reverse off this level to drop lower. Sell entry is at 1.6519 which is an overlap resistance. Stop loss is at 1.6555 which is a level that sits above a pullback resistance. Take profit is at 1.6476 which is an overlap support. High Risk Investment Warning Trading Forex/CFDs on margin...
GBP/JPY is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 190.29 which is a pullback support. Stop loss is at 189.88 which is a level that lies underneath a pullback support and the 61.8% Fibonacci retracement level. Take profit is at 191.63 which is a pullback resistance that aligns close to the...
The Kiwi (NZD/USD) is rising towards an overlap resistance and could potentially reverse off this level to drop lower. Sell entry is at 0.5932 which is an overlap resistance that aligns close to the 38.2% Fibonacci retracement level. Stop loss is at 0.5980 which is a level that sits above the 50.0% Fibonacci retracement level and a pullback resistance. Take...
Going over Price action for Tuesday and the last few days. looking for clues to what the market is telling us.
While I left some on the table, I am happy with my wins. In the last week my win percentage is sitting around 90%. I have avoided over-trading and focused on doing things the right way. today, we saw a bunch of setups. Most worked but, some did not. The market has been very technical lately with very little tricks.
Earnings may push the S&P 500 higher on Wednesday. 5135 would be the next price objective that you'd want the market to close above.
This is the price action for AMD. If you have any doubts, make sure to DM here. I have discussed all the levels and my trade action as well. NOTE:SELLING PRESSURE IS WAY TOO MUCH
Technical analysis on Natural Gas Price Forecast | Oil, Silver, Gold Support and resistance guide
Hello Traders and Investors, today I will take a look at Tesla. -------- Explanation of my video analysis: In 2020 Tesla stock created a beautiful break and retest of the previous all time high which was followed by significant continuation towards the upside. After this pump Tesla stock entered a long term consolidation phase, forming a bullish flag...
Eur/USD market analysis and trade plan. Follow and boost for more
BTCUSDT $66799 Update April 23 2024 BTC is consolidating at 66k after finding a strong at 60k. Bulls are find momentum going into MAY. A strong closed above 60k is needed for April to avoid giving bears any chance of excitement of a macro Reversal. Will watch closely the M close Sencrypto,
As we gather bullish momentum to challenge the previous swing high, the looming 8-hour supply level poses a potential obstacle. Will Bitcoin encounter resistance here, offering a second entry opportunity to drive prices downward, or will we sustain the upward momentum toward all-time highs? Stay tuned for updates, and follow for more insights.
๐Sound on!๐ Thank you as always for watching my videos. I hope that you learned something very educational! Please feel free to like, share, and comment on this post. Remember only risk what you are willing to lose. Trading is very risky but it can change your life!