NET gap out of a right angle triangle with extremely huge volume. This is likely to be a "breakaway gap" which usually occurs at the beginning of a trend and the odds of this gap closing in the near future is slim. There is a near term possible resistance coming up (filling of a prior gap) at around 77-78. Any dips going forward should be opportunity to long as...
Hi everyone, Happy first of august 2022. May you all have a successful profitable month. We are on EUR/USD today. Let's start with the daily time frame. Price has been moving steadily downwards bouncing inside of a giant channel. Every time the price has hit the bottom of the channel, it has perfectly bounced off of it and moved towards the top of the channel...
Multiple confirmations of a reversal Looks like it will shoot up Stay tuned!!! A little pre-attempted trade Inverted head and shoulder Resistance breakout trendline breakout High volumes
Apar industry has formed channel pattern in an hourly time frame if strongly breakout, can expect higher target- stock with good fundamentals as well
Hi Traders, As we are noticing a bounce in the forex market and as we are thinking the bulls might be coming back to start doing some damage control, we have to remember to zoom out to see what the real trend is. When in doubt, zoom out. On (EUR/USD), In the daily time frame, the price has been stuck in this descending channel since the end of January. Price...
NAS100 is breaking out of HVN targeting 32250 AREAS OF EARLY EXIT 31705, 31950, 32050 & 32250 STOP LOSS SHOULD BE PLACE AROUND 31260
RBLX fomed a mini double bottom and had been reversing up, testing the neckline at 36.4 before eventually breaking above on strong volume 2 days ago (5 July). It is now consolidating in a mini bull flag and the next breakup above 39 would increase it's odds of heading towards 50. However a reversal below 33.90 would negate this bullish momentum. Disclaimer:...
By now you should know that I love trading volume profile and there is a potential BIG move about to happen on SPX500 look at my chart and tell me what you think is going to happen first. Is this the start of another small consolidation or is the market ready to EXPLODE now?
Cup and handle basing pattern. Huge institutional buying on handle breakout. Leader the past 5 days during general market panic sell. Risk: 80 bps Profit Protection: 3-Day Trailing Stop Rule (Peter Brandt) You don't need to know what's going to happen next to make money ~Mark Douglas Anything can happen ~Mark Douglas
Price is currently in a range after a huge drop in price. I believe that price is setting up for a brief retracement before meeting resistance once again to continue the bearish trend to retest the new low that was created. Waiting for the market open to bring in volume and then a break and close above or below needs to happen before placing an entry. This is a...
Cup and handle (or Cup without handle) are continuation patterns (of the prior trend). VET was in an uptrend before it went into a 3 month consolidation forming a "Cup" pattern. It finally broke above the neckline yesterday on STRONG volume (strong volume breaks tend to be more sustainable). Expecting near term target around 29.80 +/- with initial stop loss...
Broke above neckline on strong volume on yesterday. Expect furthe upside in the coming days with target of around 80. Initial Stop loss @ 47.95 and trail stops up when trade goes our way. Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is...
Broke above neckline on strong volume on 31 May and has been consolidating for the past week. Expect furthe upside in the coming days with target of around 50.00 (trail stops up) Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important!...
Hey tradomaniacs, AUD/USD has tested the current trendline aswell as the previous support-zone which got flipped into a resistance. Fakeout to the upside probably a trap for bulls, but colume has been weak so I`m cautious with this move. Overall a great opportunity to follow the current trend. Waht do you think?
As it is triangle we should wait for the correct time to enter i.e., after the Break-Out. I think it would take some time in the present market conditions but wait until the Volumes accumulate. The Stop Loss (>3960) is good and Target is >20%.
Hi Traders, It’s NFP Friday. Who's scalping today? I am looking at an entry on GOLD that I have taken. It is a long position so it’s counter-trend. I wouldn’t class this setup as an A Grade as it’s against the trend. I waited for to price to break previous structure with strong conviction and volume I entered on the retrace of that zone. My RR is 1/4 See you on...
Hi Traders, Happy Friday! Today we are looking at a possible 4-Hour Order Block entry on EUR/USD We have seen nothing but bearish price action for the past month on most FX pairs. The DXY has been going parabolic EUR/USD is currently sitting on support that hasn’t been seen since 2016. Is this a good time to buy? I only enter positions that match my setup and...
Some warnings of that things are probably not all well: 1. attempts to trade back above the 200 day Moving average had failed again (twice) 2. a previous support around 2500 that were tested several times since 24 Jan had broken down quite spectacularly last Friday on strong volume With GOOG reporting earnings after market close tomorrow (26 April), how it...