Short term Long Setup for US500
A simple but effective technical analysis using tops and bottoms with scale in strategy.
Scaling refers to the trading strategy of buying multiple orders at different prices so as to limit the impact of putting in one big order.
Looking at a downside impulse wave which could see BTC slide a little lower.
It could be the beginning of another downtrend, wondering if the whales have done screwing with the little man yet, perhaps not. LOL.
BTC is creating Lower lows and lower highs indicating a clear downtrend.
Daily chart shows 2 pullbacks to 50% Fibonacci levels and the trend line area, will BTC breakout or will carry on to $3.9k - $4.0k as indicated by the FIBS ?
Nobody in the world knows 100% what the next move will be
The fact that no successful trader in the world risks 100% of their...
It looks like since BTC joined the Futures markets hasn't behaved as before no matter what the news outcome good or bad it seems like the Futures guys are dictating this market now as they do with GOLD and SILVER.
I don't see a very bright future for BTC if it will take the new highs it will probably happen within few years but I'm not expecting anything too...
Intraday short for FX:EURUSD
waiting for a retest of the daily key level 1.12327 to sell.
SL 1.12415 (or close the position manually when the 1h candle closes above the key level 1.12327)
1st TP 1.12127
2nd TP 1.12021
Neutral bias within this multi-year range, looking to play the top/bottom of this structure until it breaks.148.00 to 144.00
A 4H Candle Close under 144.00 will see the next Target 140.00
Key Support & Resistance Zones
R: 148.30– 150.00
S: 139.90 – 141.30
Possible opportunity to Sell AUDUSD - the price managed to close under the support on 5m chart, could be an opportunity to go short to the next support which is 0.7377
STOP LOSS - 0.7426
ENTRY - 0.74150
TAKE PROFIT - 0.7377