Buyzone
/ES (SPY) Gap Fill Long with Confluence/Odds Enhancers!While wariness remains re: larger timeframe structure for US equities (+ continued weakness in US gov’t bonds, USD strength), we are stalking near/intermediate-term longs via downside futures gaps in both the ES and NQ. The YM and, to a lesser extent RTY, are also approaching possible buy zones, thus bolstering this trade’s attractiveness.
While the primary premise of the trade is filling the downside gap into “demand”, odds are enhanced via the trendline and anchored VWAP, which coincide with ~4300 (major psychological #). When placing equity index futures trades at LionHart, we closely watch potentially correlated markets (VIX, DXY, ZF/N/B…). Volatility has had a nice move alongside the downdraft in stocks, but may be a bit overaccelerated as it approaches “supply” (red lines). If equity indexes fill downside gaps and pierce buy zones, watch the VIX and other related markets for reversal signals.
Regarding trade concerns/targeting, we sometimes prefer subjective target/trade management via small timeframe charts; that methodology will be applied here. New overhead supply has formed ~4360 and traditional resistance traders may defend ~4340-50, so trade profit margin is not ideal. Given that equity markets have a bullish bias, though, we still believe capital is worth deploying. If you can purchase multiple contracts, consider scaling ahead of the abovementioned levels and hold runners if prices press higher. The red zones = supply, where unfilled sell orders remain.
Thank you for reading, thoughts/feedback welcome, and good luck/happy trading!
Jon
Nasdaq 15m long Prediction for 26/09/23Nasdaq Currently training above Support Zone on a daily , Daily Candlestick (25/09/23) Closed high , So during the Sidney & Asian market could possibly consolidate , and except market to start making a bear move during the London session . Possible buy level between the 50% & 61.8% Fib level.
A Great Trading OpportunityAs per my analysis, a Fib-3 Bat Pattern is about to complete at 1.8979 on the Daily Chart. To minimize the initial risk, I will wait for a buying opportunity on the H4 or H1 chart. This will significantly reduce the stop-loss to 1.8733 (-246pips) or close to -2,460usd/lot, while the first target will be at 1.9363 (+384pips) or close to 3,840usd/lot.
I believe that a good trader follows a good mentor, but a great trader plans his own trade and takes reference from others' analysis. Therefore, I suggest that we proceed with caution and carefully evaluate the market conditions before investing. With a well-planned trade, we can maximize our gains and minimize our risks.
GOOG Entry, Volume, Target, StopEntry: with price above 133.74
Volume: with volume greater than 36.6M
Target: 142.95 area (this is an area, no guarantee it reaches this price, but you should be selling on the way up)
Stop: Depending on your risk tolerance; Based on an entry of 133.75, 129.15 gets you 2/1 Reward to Risk Ratio.
This LONG swing trade idea is not trade advice and is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not take this trade based on my idea, do not follow anyone blindly, do your own analysis and due diligence. I am not a professional trader.
EURCAD Long Trade IdeaThe EURCAD trading chart has just presented a bullish trading opportunity
As indicated by the bullish harami candlestick pattern just above the 1.42841 horizontal support level.
If the bullish move is strong enough, price could be headed towards the 1.48000 psychological level.
Given that price has already broken below 👇 the trend 📉 line, it could still break above it towards the psychological level earlier mentioned.
The recent downward move, before this reversal indicated by the bullish harami candlestick pattern, was as a result of the positive Consumer Price Indices (CPIs) of the Canadian economy.
As always, do not risk more than you can afford to lose on any one trade.
Happy trading!
HWM Entry, Volume, Target, StopEntry: with price at or slightly above 51.35
Volume: with volume greater than 4.56M
Target: 56.71 area (this is an area, no guarantee it reaches this price, but you should be selling on the way up)
Stop: Depending on your risk tolerance; Based on an entry of 51.34 & target of 56.71, a stop at 49.55 gets you 3/1 Reward to Risk Ratio.
This LONG swing trade idea is not trade advice and is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not take this trade based on my idea, do not follow anyone blindly, do your own analysis and due diligence. I am not a professional trader.
GOLD will rise againi have previously noticed that my final target is 1935 ..so i am still waiting till gold buy above 1918/15 zone..the situation like this, which displays on the chart ,what we could expect ?i am expecting a psychological reaction in 1920(psychological area).gold does a correction till 0.78 FIB level then it will rise till 1930 again.also we need to check price action above 1924/25 area.
please consider that.
EURCAD Getting Ready to Break the July Highs😮Hey guys , Ideal on EURCAD is That We are Overall Bullish Starting From the Daily Timeframe Down to the H4 Timeframe Which Price is Now Pulling Back to Level 1.44537 on H4 Timeframe for a Buying Opportunity to Then Target the July High . Drop Your Comments on the Comments Section,
Trade Safe James.❤
Buy Gold 1937! Next Move...^_+Yesterday, we sold at the 1937 resistance level, but the price subsequently broke to new highs, resulting in a -30 pip loss on our 1937 sell position. With the price now above this former resistance level, we anticipate it to act as a new support. Our strategy is to initiate buy positions at 1937 with a stop-loss set at 1934. As previously mentioned, our target for these buy positions in gold is set at 1961. Best of luck with your trades!
XAUUSD BUY SIGNAL GOLDAccording to this analysis, after collecting the cash for confirmation in the buy gold transaction, wait for 1 minute to return to the initial order and then enter the transaction ( CHoCK - Filp). This signal will be deactivated if there is no confirmation of entering the transaction.
Market Stands Firm on Support!📊 Weekly Chart: Long shadow at support, prior resistance.
📈 Daily Chart: ABCD pattern, respecting support.
🕓 Four Hour Chart: Counter-trend trade possibility.
⏳ One Hour Chart: Bullish bat pattern, wait for confirmation.
🌟 Weekly Chart Insight:
- Market stands still in buy zone.
- Different from Eurodollar.
📊 Daily Chart:
- ABCD pattern, support respected.
- Previous trade resulted in 219 pips gain.
💡 Trading Opportunities:
- Confirmation of support for a buy.
- Counter-trend trade in the sell zone.
🦇 One Hour Chart:
- Bullish bat pattern.
- Wait for consolidation or double bottom.
- Use RSI Divergence for confirmation.