At exactly London open we had some momentum. Therefore we shall see some movement to the top.
So yesterday our SL was hit badly
but still the bullish momentum is strong.
Expecting a pullback here.
I have two targets for this.
We have two liquidity pools that need to be filled.
We have a wick that needs filling as well.
My personal trading mantra: all wicks must be filled.
Closing my previous idea at breakeven and taking a countermove entry
trade is in a small pullback
trade is making lower lows hence a sell setup is valid.
We made a huge pump upwards,
Now we might revert downwards
We just hit a very critical zone.
There is still downside to cover.
50 pip stoploss
430 pip profit
WE MADE A PUMP DUE SOME NEWS YESTERDAY. BOJ Interest rates
Now we shall retrace back slowly but surely
This pair went up. Then its started ranging.
One weird behaviour of this pair. A distinct behaviour is that it takes time to move. but when it does its all flames.
We must fille the wick above.
Game-fi is trending.
Axie is on a pullback hence SLP might follow suit.
We have been bullish all week.
We hit a supply zone and reverted down.
Now there are wicks to be filled up.
Bearish wicks tend to be filled than bullish ones
The one above is bearish hence it will be filled
$DXY has done a bit of pump.
But no movement in $BTC
So here we shall get a bit of retracement.
We just hit a valid supply zone.
Using the simple 1,2,3 strategy touch move we might go down here.
We are currently in a trending market after the market took out all lows.
Low at 1.12800 were taken out.
hence the only is up
This is a nice setup.
4HR is at a nice breakout point
BTC is currently at 20k and I am expecting it to go to 25k at lease hence this provides room for $CHESS to grow.
This setup looks Yummy.
Its a no-brainer.
Volume has picked up.
Expecting a retracement
We are at a critical level.
I see there might be equal highs that might be taken out but its not guarenteed.
I am taking this opportunity to take shorts in USDxxx Pairs until CPI News tomorrow
We are at an obvious resistance,
Still DXY looking bullish.
TP at below. Also might close if TP is not hit when CPI news are released tomorrow