Retail Sentiment Points to Lower Prices? If we break through that support level, we'll probably head down to 28.5 or even lower.
And the retail sentiment is also in line with this scenario.
At the moment, most are long, and short positions are starting to shrink (check out the chart).
Guys, who else sees the same level of support as us? And why? Let's discuss it
Bias-bearish
Market Bias & Top Stock Watches - 2/24/2023 - Bear ChopBias: Expect early bounce. We are in an area with a lot of support and price action, could just chop around today.
Top Watches: Long - VRRM, BYND, SQ, KTOS. Short - BA, INTC, HD, ADBE.
Tune in to my stream at 9:30 EST for my full list of top stock watches and to watch me trade them Live!
Follow @JLaing for a timely morning bias of the market like this, top stock watches, and live day trading every morning!
USDCAD Bearish Bias to 1.267 price point on the 4HR ChartLooking for USDCAD to respect 127.5 Price Point on the Daily
Anticpating a pullback to 1.26700 on the 4hr
Really good risk to reward short during High volume
time (London Session Close) We''ll see what happens
This is a day trade, don't plan on holding it into asian
unless we are in a fair amount of profit
GJ Bearish Bias, Daily Rejection, Looking for 153.5 on HTF'sWe have the first london session of the week go bullish
but nd up pulling back hard, back below 155 Psychological level on HTF's
I'm looking bearish, we have bearish market structure on this intraday chart
Anticpating USD strength as well, JPY being a safe haven, I expect them to move in unison
//EURUSD Final 4 Sessions of the Week, Avg RR 5.11:1, +7.33R //
Hello All, This ^^ is my Technical breakdown of Eurusd on the 3m Chart
I detail the Final 4 Trading Sessions of the Week and how I earned
+7.33R.
During this time period we had 2 USD Red Folder News Releases.
I review our last release of the week, USD CPI and How I used it
to get the price I wanted and earn +2R (2 Times my Risk)
If you have read this Far , I appreciate it.
We have quite a bit of news during the next week. Jan 31-Feb 4
Cheers to a good trading week and Safe Trading
When to Change Bias in TradingHello Traders!
Do you ever wonder, "When is the trend ending?" or "When should I change my directional bias?"
Many traders find it hard to figure out not only how to choose a directional bias for the day, or how to change their bias if they are on the wrong side of the trade.
In this educational video tutorial, I provide simple confirmations to discern when to change your bias and how to look for your next entry!
Traders, we would love to hear your opinion and how you determine directional bias. Write in the comments and share with us!
Cheers,
- BKH
XAUUSD : WEEKLY TRADE PLAN 8-12 FEB
Hello everyone, if you like the idea, do not forget to support with a like and follow.
Please check lastweek trade plan 1-6 Feb
BIAS SHORT POSITION
CURRENT RESISTANCE 1817.08 ( BREAKOUT CONTINUE LONG)
RESISTANCE 1829.96
RESISTANCE 1841.60
CURRENT SUPPORT 1786.39
SUPPORT 1765.03
SUPPORT 1746.95