Here's a bearish setup I'm hoping to catch. I saw a fresh supply zone. Currently price is at yesterday's daily low. I'm waiting to see if it reacts by breaking or rejecting. I'll be ready with my limit order to sell here regardless of it take more time. We'll see...
I'm waiting to see if this trade setup occurs. I'd love to take this trade downward. Definitiely move my stop down with price because this could be very volitile until our election debacle gets settled.
Waiting for 3 rejection wicks for entry. Looking for a nice price reaction here with the moving average, fib level, psych level, and trendline as confluence. Building a position into the trade it's looking very appealing.
It’s all about the retracement. If you do it right with a limit order. It’s exciting like fishing. This trade looks nice! Too early to tell if it may fall apart. Has to hit my level. If not no harm, no foul 😁
I was positioned to go long on a swing trade but took a step back and did a top down analysis from the weekly chart. We’re above equilibrium and the liquidity lies on the short side. The market is at a premium currently. Price delivery could lie on the sell side.
May be ready for a good retracement. I like the way it’s taking shape. Waiting until price enters the golden fib levels. If it retests 3 times then I think I’ll take a few short positions for a ride down. Notice the fib confluence? I love seeing that!
Waiting for price to reject at least 3 times on the 2H or 4H to safely take a short and or a 20/50 ema cross for a short entry. I did put in a limit order for 1.7995 a little shy of the “big figure 1.8000 to see what happens with a small lot size to see what happens. If things look okay I want to scale in positions using the aforementioned methods. Wish me luck....