I made a trade earlier where i though the bring was breaking upwards, only for the price to reverse. So i "Flipped the Switch" but looking for a bearish entry. A large bearish candle closed below the consolidation zone - i am looking for a bearish move. Target will be the recent low that at 1805ish.
Disclaimer: I am by no means a professional trader, but an...
I took this trade this morning and resulted in a nearly 6R win.
Price broke the major upper support (blue line) that was being respected since November. Once this price broke this support i looked for a short entry at 1793.4 with a stop at 1796.
Price pulled back as expected and ran down to my target of 1777.96 - which is aligned with the last touch point of...
XAU just experienced a major bullish rally after the release of the CPI report and has been bullish for the 2 months.
This consolidation into a triangle pattern after the bullish rally just had a breakout.
My initially temptation was to jump in on the 5min chart breakout, but I have been making rash decisions recently and been whipped out far too often.
This...
MSFT is still bearish so any bullish trades need to be quick with trailing stops to capture gains.
MSFT presented a bullish divergence that suggests a reversal.
I jumped in after the bullish divergence and as soon as the MACD crossed over to green.
The additional confirmation of the trade is now that the MACD is going bullish above 0 and the RSI is crossing...
AMZN on 4H formed a clear bullish divergence with lower lows being formed in price action and higher highs in the MACD. This can also be considered a double bottom. (possible reversal)
I was late to jump but entered at 2182.70 and holding especially as RSI crosses the 50 mark and suggests a bullish trend.
AMZN has been bearish and for awhile, so will be careful...
RACE has been on the decline since nov 2021 and bounced off the 181 support twice forming a declining triangle.
Taking a short term bullish trade from the last bounce and watching the price action for any weakening to get out.
Currently holding this trade as MACD and RSI are going bullish - planning to exit when the RSI becomes overbought.
27/5 Planning to...
Visa is below the 200MA and still bearish...However strong support at 190./
Taking a short trade as it bounced off the 190. Taking a 4h trader to 200MA.
