GBPUSD two possible scenariosGBPUSD two possible scenarios
on Daily: GBPUSD is currently trading around resistance so we will be looking for objective sell setups on lower timeframes.
on H4: we have an ascending triangle forming and divergence on MACD, however, price is still overall bullish and we will be looking for an objective break below our lower blue trendline to sell.
Unless price breaks above our upper blue trendline and resistance then we will be looking for objective buy setups on its retest.
Triangle
ABSOLUTE MUST SEE pattern on SPY $SPY DAILYSPY is a chart I always keep an eye on and this pattern has started to form on the daily and, when formed, can be a very powerful pattern to trade and help find good risk reward opportunities.
As soon as I saw this chart in my review this eve, I knew I had to get a video out to the community!
xeenos trading - sending positive energy to all those watching
Planning intraday trade in $AAPL night before - KNOW THE DAILY!!This is a great example of how keeping certain things on watch and just taking 30-60 seconds each day to glance at and mark the daily chart can help you find intraday setups (with the initial levels coming from the daily chart).
I don't know for sure as I keep this chart on watch so I'm always familiar with the levels... but I truly believe IF I DIDN'T know this chart well and just glanced at it while intraday scanning... I don't think I would see the setup in time to trade it.
Yes - it takes extra work to keep high beta names and in play names on a separate watch list... they aren't "exciting"... but just 30 seconds to look at the chart each day can really pay when the stars align and they present a clean setup.
xeenos trading - sending positive energy to all those watching
CLEAR ascending support on JPM - and we are lazy at it right nowAscending support on JPM - some will also identify the pivot highs calling for a triangle pattern.
Keep an eye on this support level if the market gets weaker - looking for things that were already lazy when the market was strong... looking for those to then get even weaker when the market gets weak... this is a good way to find intraday setups!
Hope this chart perspective helps the community
xeenos trading - sending positive energy to all those watching.
IF ONLY I Checked the Pre-Market... Daytrading RECAP 04/13/20Hi traders,
Hope you enjoyed the holidays as much as the lockdown allowed you to! Let's take a closer look at one of my Monday trades.
*In my ID trades, I risk 1% of the account per trade and go for 2% (2:1 RRR ). Sometimes I adapt a little bit as you can see in the description.*
SPY was down for the first 1.5 hours and then retraced, spending the better part of the day in a range.
Four trades today:
1) RCL - SHORT @34.83, closed just before the close after it ranged all day together with the SPY for +1.43%
2) SABR - SHORT @5.59, did a couple of mistakes I discuss in-depth in the video. -1%
3) PAA - LONG @6.31, a nice cup and a handle formation, albeit a little extended. It pulled down with the SPY before finally taking off without me. -1%
4) MU - LONG @45.49, initially a short idea, MU turned quite strong later in the day. Similarly to PAA it shook me out before making the anticipated move. -1%
Total PnL for the day: -1.57%
Total PnL for the week: -1.57%
Good trades,
Tom | FINEIGHT
Don’t be tricked by the apparent double top formation before…Quick Technical Analyses trading pair USDMXN
First Point theres a Hidden Divergence between price and the RSI (Green Lines)
This is a Bullish Trend
Second, ascending wedge is forming, another bullish pattern.
Only Bearish pattern is the the double tops, which was my first thought going into the trade. My price target for next week is 24.5 pesos if the bullish trends continues. Personally I was hoping for a double top but i'm not so sure anymore.
Analyzing my amazon scalp from april 6 and testing videoSorry, this is my 1st video...haha. I work FT, so I have mainly been scalping the past 2 months.
April 6th, markets gapped up 4-5% at open, price was above VWAP in entries. I waited for premiums to go down and usual sell off in 1st hour. I use 15 and 30 min timeframes for scalping. I entered the weekly 2050 call at 10:50 for 10%, then bought and sold my 2nd call an hour later for 20%. Chart pattern I saw was a ascending triangle on 30 min TF.
BTCUSD Price Can Stabilize As Volatility Calms Down He traders,
Today I will look at BTC volatility and compared it to similar developments back in 2018, when BTC bottomed once volatility slowed down. If that's the case then I think that start of April can be very interesting.
Take care,
p.s. If you like my work, please support me with a LIKE or Commentary below.
Torrent Pharma - ShortTorrent Pharma forms double top on 1 Hr time frame, also forms symmetrical triangle pattern. If pattern breaks then expecting targets around 2080,2040,2000 and 1950.
Entry range for shorting could be below 2190.
Expecting good R/R ratio.
View invalid if price moves above 2250.
I will be posting complete analysis video soon.
This is for educational purpose only.
XRP Dominance looking to break out from this triangle?Hi guys, we saw massive move today, jus to find it to bounce back whithin the XRP dominance chart. I think we can break, but nothing is for certain looking to move some more into XRP as it can outperform bitcoin in the next run. We also will need to sew Higher volumes for this to happen! I am not 100% convinced yet. Good luck!
Go Pro in a symmetrical triangle Almost ready to breakout! Go pro has been in a symmetrical triangle for a while. Its due for a breakout soon! It could breakout up or down but surly will be a strong breakout. Be patient but feel a short today. looking for a great entry at the bottom symmetrical triangle support. Would be an amazing R-R . Happy trading all!
GBPCAD Ascending Pennant Breakout. Potential 170 Pip MoveGBPCAD Broke Out of Ascending Pennant Showing Continuation of The Up Trend.
Ascending Pennant Is When The Market Makes Higher Lowes And Equal Highs, This Pattern Tends To Break Out To The Up Side.
As You Can See The Market Still Has Free Space of About 170 Pips Till It Hits The next Past Support To Become Future Resistance And Also The Trend Line.
ORBEX: EQUITIES REACH FRESH ALL TIME HIGHS!In today’s marketinsights video recording, I talk about SPX and DXY .
SPX keeps hitting fresh highs despite Fed's message to keep rates on hold until 2020. Trade wars do seem to be influencing flows more than anything else right now? Whatever the case, sharp upside and overbought hints to exhaustion!
The DXY's recent upside though should be watched closely. It's either an expanded flat or a zig-zag correction, so, could expect either a decline or a correction.
Stavros Tousios
Head of Investment Research
Orbex
This analysis is provided as general market commentary and does not constitute investment advice.
Bitcoin - Zoom Out ~ Deep Dive 9/24/19I focus on providing live education and support to those interested in trading, Cryptocurrencies, and Blockchain technology. You will learn charting techniques, technical analysis, and the most popular cryptocurrencies for trading. My content is ideally suited for beginner to intermediate level traders.
EUR,USD,JPY Go Nuts After ECB! Fed, BoJ Expectations More DovishIn today's #marketinsights video recording I analyse EURUSD and USDJPY!
Euro, dragged lower by the reinstation of the QE programme, was able to reverse post-ECB losses on the back of:
- Limited rate cut compared to markets expectations (only 10 basis points)
- Draghi's call on governments for fiscal stimulus (supporting EA economies?)
- Widening yield differential against the dollar (ECB can't move lower, Fed can)
- Expectations that the Fed will cut next week (a weaker dollar)
On the other hand, the yen was also negatively affected by ECB's decision to ease. But with an ultraloose policy in the books for quite a number of years now anyway, easing would be worst in Japan rather than in the US. Hence the bullishness in USDJPY!
Stavros Tousios
Head of Investment Research
Orbex
This analysis is provided as general market commentary and does not constitute investment advice
Bitcoin - Contrarian View ~ Deep Dive 8/31/19I focus on providing live education and support to those interested in trading, Cryptocurrencies, and Blockchain technology. You will learn charting techniques, technical analysis, and the most popular cryptocurrencies for trading. My content is ideally suited for beginner to intermediate level traders.






















