Hello fellow traders!
XAUUSD has been on the rise since NOV 3rd and has made a fake out at the support level.
Checklist:
✔BULLISH TREND
✔SUPERTREND IN BUYERS POSSESION
✔FIB RETRACEMENT CONTINUATION TO THE 78.6%
✔DAILY TIMEFRAME
14,309 Pip Analysis
The Hang Seng Index shows a strong accumulation in the background along with a strong upward breakout. Before Friday's session and US labor market data to be released today, Hang Seng again showed strength and formed a re=accumulation range.
The last re-accumulation zone becomes both a big support and a buying zone for today's session.
Analysts expect good data...
So with the 6hr and 12hr both being a higher low, I'd expect at this point for us to at least head up and catch the 1hr violated trend. We've already hit the 30m (lower high) this morning. The 1hr is going to be a tricky trend, as the last uptrend we had was actually low at 4107, so there is the potential it will be a higher high and therefore not provide much...
ADA once again drew a very strong accumulation in the background.
After re-entering the accumulation range yesterday and after a failed stop loss hunt (washout), ADA breakout range again. The volumes at the tops and bottoms testify to a very strong accumulation of value by a large capital. The wave marked with the volume of 57m is the largest upward wave since the...
Very strong accumulations in the background on CADJPY
SL - under Fake Breakdown
indicator used in this analysis: Wyckoff Wave Chart
Wyckoff Methodology
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VolumeDayTrader
Am looking out for a concrete drop down to the imbalance to place my market. Remember no be financial advice be this anything wey you decide fro this market na your wahala be that. Have a safe trading
With price above both 50 and 200 SMA, positive trend is clearly visible and high volume showing the conviction at the same level of price for next move up. Price is at just the support level at the trade entry price.
Disclaimer:
My ideas are not for recommendation purpose. I am just sharing my idea to share with community.
So while I didn't get my first entry at 4160, I ended up entering back in where I left off at 4125. Sucks to lose out on that almost $2000, but that is the way of risk management.
My key level to watch is where/if this 12hr bar finalizes by 13:00 EST. The last 12hr downtrend was 4060. So if I want to continue following through with this trade, I'd like to see...
Bitcoin looks like it is gathering strength again for a new upward breakout. Volumes on an uptrend show the power of buyers. We are still dealing with a sideways trend and a clear BUYING ZONE in the case of a re-pull back. 28k is crucial to further consider the current price behavior as a bullish pattern
DFH on the last two candles did not significantly reduce its price, although the main SP500 index fell quite strongly. It seems that this action is stronger than the broad market index SP500. In the background we have a strong accumulation and we should expect increases in the coming sessions
As we can see firstly we got bullish trend, then cup and handle pattern, and three tops on monthly chart.
Waiting to break up the Res Zone 1 and buy, or waiting to break down to Res Zone 2 and breaks it up to TP Zone 1 or TP Zone 2.
How do you traders see the monthly chart goining to?
I will be happy to reads your comments to learn more from you all.
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Trading is Timing !
Stop being too...
Many pairs have already moved like the CURRENCYCOM:US500 CURRENCYCOM:US500 and FX:USDJPY #USDJPY
I'm going off yesterday's bearish momentum and even the bear momentum for the entire week. #bear #trend is still holding strong.
I feel uncomfortable placing this trade as all other pairs I've been looking at as already moved and I did not get the SL that I...
So with the close of yesterday, we have the 30m/1hr downtrends being higher lows and being violated significantly. We then got the 2hr/3hr/4hr all as lower lows. The 6hr was in lower low territory for a while, but just before it closed out that bar, we rallied briefly to give us a slight higher low downtrend signal there.
So basically, we have the 30m/1hr/6hr vs...
So we spiked up briefly but then got the 30m downtrend yesterday just below where we started. While it is only one trend, and we've managed to keep below the trendline associated with it, the move lessens the promise of an easy and safe entry point at 4185, as the 30m could attempt to move the market up on it's own.
I'll most likely put a profit stop now on the...
