This is a trade I also plan on taking if the opportunity presents itself
We are stuck in this narrowing triangle and it really could go anyway but my BIAS for the day is short to at least 29680. A valid entry would be the below chart
Plan for today; sit on the sidelines until I have confirmation for entries
The bullish idea played out well. We had that expansion (market markers way of going after the money) but we are in the blues and stop loss is moved into profit. If we test resistance again chances are we might break because persistence breaks resistance. Bears has been fighting to push price low but instead price has just been forming higher lows. For 15 minute...
People are sending me personal messages asking me whether NASDAQ is still a buy, yes it is IF YOU BOUGHT LOW. To buy now is sort of idiotic and the risk to reward is not worth a buy now.
I'm already in a buy here. If price breaks the current LONDON session high I'm expecting this thing to fly back to some of our previous highs. My stop loss is nothing out of the ordinary, very small. We might shoot down, but these two sessions has just been an accumulation of orders.
Upon the request of some traders in my DM I'll be making an effort to post more currency pair set ups
Dollar crashing because of all the fake money the FED printed? I don't have that information but I can tell you the structure of the DXY is very bearish. 88.360 might be a possibility for the DXY.
Not the cleanest of structures but price has been making higher highs. We are at a crucial level. Break or Bounce, stay patient and trade what the chart presents.
Trading Plan for tomorrow; buy on the pullback. I already have orders there, will most probably be triggered tonight.
Plan for tomorrow; expecting some bearishness overnight towards the blue line marked. Probably best not to take a sell now, just waiting for price to come to an area I'm comfortable with opening positions The above chart confirms my bearish idea.
Break back below resistance or is it officially support? Time will tell. Bias for the day is long
Push up after a simple impulse - pull back - impulse pattern.