Yesterday i shared my Nasdaq long idea and it played out well, I bears are interested and we could capitalize on this as we are in a sideways move Hoping to see rejection at 18080 to give us that confirmation.
Now we had a lot of dumps last week on Nasdaq could this be good signs to look for short positions? My idea is that we will break resistance at 17872.4 just to grab liquidity, i don't see it being a change of sell that's currently happening. I'm patiently waiting for the to test 18000 level, any execution of sell will be decided by confirmation, or fundamental...
We currently broke below structure yesterday, i would expect a continuation to 6250.
So far all the dumping hasn't caused us to break below 2150 which shows bulls are still interested in the market the trend is still bullish unless some fundamental data comes through. This is risky but unless we break below support I'm going long. Let us wait for confirmation and always remember the stoploss is your friend.
We recently had a great rally to the upside anything at the current moment is sort of short term, just scalping is good enough to get a few pips in. For my setup on USDCHF visit my Published ideas. Happy trading fam
After closing at high resistance area it could be possible for us to catch a few pips in this retracement- it is important to observe the weekly to avoid being caught on the wrong side of the market, to a successful week! Cheers!
from previous lows and high on the daily fib levels, we traced down to 50% from 68,1%, which is a good indication for the bullish continuation. not to set the an unrealistic take profit, just looking to make 50 pips from the trade, Entry @0.88338 , stop @0.88043 , take profit @0.90000
Based of previous levels I believe this will be the first time gold closes at such a high, I’m going short but its not long term. Targeting low of 2090 nothing too big
Looking at short after the rally from last Friday, not saying the bull run is over but we are sure to see bears eat a little but. Entries below 2082 and target 2059, risk is always 1%
Looking to buy gold up to 2059 before bears really step in, but cautious as its aa Friday of a new month
We need to grab liquidity for the shorts, looking at highs of 2040 and sells to get triggered at 2041.8
After a whole two months of shorts, we finally reached a supply zone. Hopefully the fundamentals will fall in line with the technical.
My thoughts on this is that we get positive feedback on the 21 February after FOMC speech then we can decided in either shorting or going long. the best step is always waiting to trade after news results.
While we have a consolidation on Nasdaq one can always catch small move, using support and resistance we sell high. This is just a trade idea, there is no 100% winning strategy and always use a stop. That's it from my side cheers to a profitable week.
A resistance area has formed around 1.09133, looking to short around the.
Using price action we clearly see, the bulls are still in control the liquidity grab is in progress. this what expect to happen before the New York session open.
Since we had a break of structure I’m expecting price to test and grab liquidity at @0.89000 then we’ll be off to the bull rally