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Contraction

AMZN Pullback Then BreakoutAMZN has finally broken out of the volatility contraction triangle it's been in for what seems like forever! And with some volume as well over the past couple of days. So now what? Well, today printed an evening star candle which previously in early November was rejected at this exact level. Maybe the circumstances are different this time with the triangle break, but I'm thinking a brief pullback before breaking resistance at this 3300 level. I see a bounce at the 3215 (looks like recent resistance to find support) off the triangle to overcome it. Let me know your thoughts!!!
NASDAQ:AMZNLong
by NetWorthFocused
22
AUD/CHF SELL SIGNAL Hey tradomaniacs, welcome to a new free trading-setup. Notice: This is meant to be a preparation for you! As always we will have to wait for a confirmation. AUD/CHF: Daytrade-Execution Note: If we miss entry by 1-2 pips I will execute manually! Sell-Limit: 0,64710 Stop-Loss: 0,65000 Target 1: 0,64450 Target 2: 0,64290 Target 3: 0,64000 Stop-Loss: 28 pips Risk: 0,5% -1% Risk-Reward: 2,57 LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me. Any questions? PM me. :-)
Short
by Trading2ez
1
DAX Has More Upside Potential! BUY GER30 Hi traders we have another contraction and expansion strategy here with 5 triggers and the final one has been completed with a pull back to 61.8 Fibonacci retracement after yesterday's rally and we are seeing the market now on the verge of resuming it's recovery after the huge drop we had during the COVID-19 period and I think there's a very good chance that we will see an upside move in the next few days! Good luck and good trading guys
FX:GER30Long
by Joseph_Yabwa
3
CABLE IS LIKELY TO RALLY SOON! BUY GBPUSDWe have another contraction and expansion strategy here on the cable and there's a potential for over 250 pips rally in the next few days and this trade has a very good risk to reward ratio. You can either buy or wait for the first rally and then buy after the retracement. So I think we all know how money management is important in trading and when it comes to a trade like this, If I get in at the current entry price I never risk more than 1% of my account and some people might ask, so how the hell do I make profit if I just risk 1% of my account? Well, i'm glad you asked and the reason I do that is because with my strategy everything has to do with the odds so I only risk money on the line when the probability of winning is high, so the probability of this trade being a winning trade is only about 60% and is that good enough? For most people it is but I will not risk more than 1% of my account on such odds. Okay so Joseph, how do you make money then? Okay let me enlighten you, if this market rallies in the next day or so, it will retrace to a certain Fibonacci level and the it will rally again and so the probability of this market given me a second rally after the first retracement is more than 90% so that's where I make my money.....if you are smart you will figure that out. That's all he wrote!
Long
by Joseph_Yabwa
51
DAY TRADING! CONTRACTION & EXPANSION! BUY ETHUSD Hi traders, we have a potential day trading opportunity here on ethereum. It's a contraction and expansion strategy similar to the one I posted yesterday on gold. We can see that the market came out of the contraction a couple days ago and completed the first phase of the expansion yesterday and followed it up by a 618 Fibonacci retracement correction/pullback and now I think it has begun the second phase of the expansion so i'm looking for this market to go all the way up to either the 127.0 or the 141.0 Fibonacci extension level
BITFINEX:ETHUSDLong
by Joseph_Yabwa
13
DAY TRADING! Contraction & Expansion! BUY EURUSDI've been watching EURUSD closely and it has been in contraction over the past couple days and I think it's about to go into the expansion phase so I think It's time to get your long positions because I see us going up in the next few days! Don't forget to use a good money management plan for your trades because the markets have been so volatile lately so that means lots of opportunities to make money with the right money management plan! I have a 57% win ratio but I still generate 100% profit returns yearly so you do math! Don't expect every trade to be a winning one because you will be living in a fantasy world. You will take losses and sometimes those losses will come in streaks but the most important things is that you stick to your trade plan. Feel free to check my stats on myfxbook and you will see how good it can be when you stick to your plan and trade consistently! Any opposing comments. views, ideas or arguments are welcomed!
Long
by Joseph_Yabwa
72
DAY TRADING! Contraction & Expansion Strategy! SHORT DXYThis is a straightforward contraction and expansion strategy and I'm expecting the market to push down from the current price to around 99.31 and that's where the next structure lies. There is a potential for this market push even further down but let's get to the first target then and we will see. I'm predicting weakness in the dollar index in the short time so that means you can expect the majority of currencies to be bullish against the USD in the near future! Any opposing comments, views, ideas or arguments are welcomed!
TVC:DXYShort
by Joseph_Yabwa
18
DAY TRADING! Contraction & Expansion Strategy! BUY EURUSDOkay so I’m bullish on this currency pair on a higher time frame and the last bullish contraction and expansion strategy on a lower time frame worked out well and now we have another bullish contraction and expansion strategy so let’s see if this will be another good one! I’m expecting the market to rally to at least 1.0990 but expect a little bit of resistance when we get to the middle line of the contraction, that’s where you might want to move stops to breakeven and see if the market will continue higher. I’ve attached the last couple of analysis I did on this currency pair so feel free to check them out also! Any opposing comments, views, arguments or feedbacks are welcomed! Happy trading guys
Long
by Joseph_Yabwa
36
DAY TRADING! Contraction & Expansion Strategy! BUY GOLDOkay I've got another one for you but instead of talking about the analysis I wanna talk about money management, something that a lot of traders don't pay attention to. Money is really important in trading because it can make or break you as a trader. If you put 2 newbie traders in front of a screen and provide them with a very profitable strategy and you these 2 traders take the opposite side of a trade, do you know that there is a high chance that both of them will end up losing money? Let that sink in for minute..... However, on the other hand, if you take 2 pros and have them take the opposite direction of each other, chances are they will frequently end up making money! Very interesting isn't it? So everything comes down to money management! I was having a similar discussion with my traders about this today that's why I've decided to say something about it on this analysis. You guys are already used to my strategy anyway so I don't really need much explanation but feel free to check out the last post I did on gold. As always, any opposing comment, views, arguments or feedbacks are welcomed.
FX:XAUUSDLong
by Joseph_Yabwa
42