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Asiansession

BTC Decelerating into an unmitigated area.Good morning traders! The BTC forecast remains the same as yesterday-are we reaching the top of the current run up? Currently the signs are pointing to yes, we are decelerating into the back edge of the daily sell range. Do I expect a deep pullback-define deep? A pullback to the area marked with the yellow circle would mark be a pullback to discount on the weekly along with a retest of a strong range which was never mitigated. I do expect bullish momentum to continue after a pullback, again pushing for ATH. As always trade safe. EnvisionEJ
BITMEX:XBTUSD.PShort
by EnvisionEJ
Asian market is awake🔥Do you like stocks, wolves?🔥 There is one new formation on Zhongsheng HLDG with ticker 881. Head and shoulders pattern with possible breakout. After this two scenarios are expected. First, the price may enter into the correction and retest new resistance level. Second, the price may fall till the price target with no correction. So follow the chart and look for the breakout carefully. If you enjoy my FREE Technical Analysis , support the idea with a big LIKE👍 and don't forget to SUBSCRIBE my channel, you won't miss anything! Feel free to leave comments✉️ And always remember: "we don't predict, we react".
HKEX:881Short
by Berzerk_invest
SPX At the Multi-Year Broadening Acculmulation Resistance LineSince 2018, SPX has been forming a rare Broadening Accumulation Schematic (If you study Wyckoff, these ideas are present). If we finally break this resistance line, Look for a retest and a race that will rocket pretty far. At least to the 4,000 level. With the holdings becoming more on AAPL and the volume of just that one stock having an uproar, it's possible. Traders, get ready because the Asian session just might be the session to watch for this break. Be Careful, though because the institutions can crash it faster than you can think about it. So be prepared but be careful. We're clinging on to the ceiling of this schematic.
OANDA:SPX500USDLong
by BodiesXWix
USDJPY 15M BIG BEN BREAKOUT STRATEGY SHORTRule #1 Define the Asian (London) Trading Range We’re going to use the range definition that takes into consideration only the body of the candles, excluding the wicks. Note* this trading rule can be adapted as you get more experienced at reading the price action. Who knows, maybe you’ll be able to discover some price action tendencies around the London open that no-ones was able to see. The London open breakout strategy works because the Asia trading range tends to attract buy and sell stops above and below the trading range. The bulk of buying and selling stops becomes an easy target for smart money. Remember that traders need liquidity to execute their orders. And, the smart money is always in search of liquidity to fill their large orders. That’s the reason why smart money needs to trigger those stops. Rule #2: The One-Hour before the London Open Needs to Generate the Breakout Our backtesting results revealed that momentum really starts to pick up 1-hour earlier than the actual London opening session. There are some smart ways to trade this burst of momentum. Let’s see some technical ways to trade the pre-London open. We don’t need to guess in which way the market will break, we let the market tip his hand and show us the way. This is where things get interesting. Let me explain… During the London session, we’re going to see the most traded volume thus the foreign exchange market should really take off in one direction or another. From our example, we can note the USD/JPY is a one-sided move. We didn’t have any interruptions in the momentum activity, and that’s the KEY for this whole trading setup to work. Let’s now outline the second technical element you want to see with the London setup. Rule #3 Fade the London Open Breakout (follow the smart money) Immediately after the London session opens, we want to see the price fading the pre-open move. If the price move starts fading, we know it was a false breakout The smart money has used the pre-open move to trigger the stops below the range and now they reverse the tie and start buying. We want to see price pulling back into the range at the same speed as it went up. Let me explain… In simple words, the bullish momentum used to produce the false breakout needs to be equal to the bearish momentum used to fade the pre-open move. We enter our trade after the first 5-minutes have confirmed that the price is reversing. Once this trade setup is completed, you should see a price formation that takes the V-shaped form (or inverse V-shape). Let’s now explore what methods you can use to cash in the profits. Rule #4 Take Profit or Ride the Trend We can measure the size of the Asia trading range and project that, from the top or bottom of our range to get our profit target. But, oftentimes this type of setup can lead to a trading day that can extend in the days to come. In this example, the better take profit strategy would be to use a trailing stop. You need to be ready to explore other trading methods to manage your trades. Now… Protecting the downside is as important as making money. Below, we’re going to reveal how to use time as your stop loss. Sounds interesting? So, let’s get straight into the matter. Rule #5 Use a Time Stop Instead of a Price Stop (or you use your TP trading method) In order to fade the London breakout, you need to use unconventional trading methods. In this regard, for our stop loss trading strategy we’re going to use a time stop instead of a price stop. The first time I’ve ever heard about the time stop concept was while reading the Market Wizards book. Billionaire Hedge Fund manager Paul Tudor Jones one of the greatest traders of our times said: “When I trade, I don’t just use a price stop, I also use a time stop.” If you want to get a glimpse into the mindset of the most successful traders and hedge fund managers, please read: Top Trading Quotes of All Time - Learn to Trade. So, do you want to know how to apply the time stop to the London strategy? It’s very simple… If in the first hour after the London open the price didn’t COMPLETELY reverse the pre-opening breakout, we exit the trade. It’s simple as that, no further explanation is needed.
Education
by Tradingstrategyguides
GBPUSD Indraday Outlook December 16thFollowing the BBC’s Andrew Marr Show earlier this Sunday, the UK Deputy Finance Minister Rishi Sunak stated that PM Johnson is reconsidering bringing back Brexit bill to parliament before Christmas. Key Quotes: “The overriding mandate that we have from this election is to get Brexit done ...We will leave the European Union in a matter of weeks, by the end of January. We intend to bring the Withdrawal Bill, the legislation, back to parliament before Christmas.” “It’s our number one internal priority and I think this piece of legislation will just underscore that promise.” The UK government’s promise to getting Brexit done quickly is likely to add to the optimism around the British Pound. Markets could see a fresh round of buying the GBP/USD pair in Monday’s Asian trading, with 19-month highs of 1.3515 back on sight. Outlook backed up with Poshtrader Hull Moving Average 50 and ADX Signed Don't forget to hit the follow and like button
Long
by PoshTraderAnalysis
DEMAURIOFX CADJPY SELL ANALYSIS SIMPLE HEAD AND SHOULDERS MARKET STRUCTURE PATTERN. IM BEARISH FOR CADJPY BECAUSE WE CLOSED UNDER THE NECKLINE ( SUPPORT ) ON THE DAILY TIMEFRAME. BEFORE ENTERING YOU CAN WAIT FOR A RETEST OF THE BREAK OF SUPPORT. THE NECKLINE OF OUR HEAD AND SHOULDERS PATTERN IS ALSO MAJOR SUPPORT ON THE DAILY TIMEFRAME.BEFORE ENTERING YOU NEED TO SEE PRICE BEING REJECTED BY THE NECKLINE AFTER IT RETEST. I MYSELF WILL BE ENTERING THIS TRADE. THIS ANALYSIS WAS CREATED DURING SPREAD HOUR. IT WOULD BE WISE TO WAIT UNTIL AFTER SPREAD HOUR TO ENTER.
Short
by demaurio_fx
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