I trade based on patterns so what's worked for me on this is simple ,trendline break target 50-100% ,I'm Looking long once it breaks the trendline and the chart looks primed for .1.Now we have levels below that can be taken out easily ,also those levels would be a good place to get in on re-entries. This has attention and the players are not that advanced in here...
Looking at low priced stocks and this one stands out a break of .88 could take it to gap fill level at 2.42
MAJOR REVERSAL AREA ,FAILING HERE ,IF IT DOESN'T FAIL HERE LOOK FOR 50K
Big names associated with this one ,keeps popping back up on my radar. Given the Spac mania I'm looking long.
A lot of buying coming into bitcoin recently ,My strategy says this is the first leg of a greater move .Stop losses placed at 5400 medium term target set at 10000
Market's been beaten down lately but has been elastic in the sense that most pullbacks ,lead to the market finding it's way back to the top. Furthermore if the market fails to hold this level look out below.
Looking for a short term trade to the downside on Gbp/Aud, waiting for confirmation.
Once bitcoin regains strength ,stocks like $MGTI Or $GBTC will be hot again.Watch for good risk to reward trades as they come back down to better investment areas.
Adding long positions in this area and swinging towards high supply areas .Looking for reactions on the daily chart towards the higher fib levels and strong downtrend line to protect my positions.
Looking at UsdJpy as it comes back down to a major level which should provide a decent area to trade from "Green arrows point to the less aggressive move ,should price move to suit the plan" which is to trade long from the next demand zone .Red arrows show more aggressive moves should price pull under the zone ,the next most likely level where price will have a...
Ugly chart overall but decent company ,a bit over-exposed but a big name and should be in for a bounce but not at these levels as yet .I'm looking for low 16's worst case scenario 14-15 to start a position.
Audusd nearing both a strong channel created over time and daily demand as well as some important fib levels.I would like to see a reaction in these areas on a lower time frame before going long .Green arrows indicator the more likely move and the first area of interest while the red arrows indicate more aggressive moves that can take place if the market pulls...
Two points of interest arising for Nzusd as we head into the weekend ,The 88.8% and the lower Demand area. As always wait for a reaction on the lower timeframes to these areas next week ,I will be keeping an eye out for a chance to build a position in one of these two positions based on how price reacts on the lower timeframes.
EURNZD Nearing major Resistance and Supply ,my trading is about how price reacts to different zones and my predictions may have 1 or 2 outcomes which are based on the zones price has created.The green line always represents the move I think is more likely to happen and the red lines are more aggressive moves.Of course with supply and demand areas price may burst...
Ehtusd hovering over major demand at the moment ,A move a bit lower will take it into demand and will need further confirmation before attempting to buy in this zone.Green arrows denote minor moves which are more likely to occur and red arrows are used to show more aggressive price action which will offer better areas to buy again.
Looking at USDCAD as it hovers over important demand levels ,Looking for reactions in these areas for low risk-to-reward longs back into fib levels or supply areas.
Looking For A break of the trend line on the 4hr then possible bounce if it gets into the demand area.