Daytrade
EUR/USD Likely to fall!Hey tradomaniacs,
looking at EUR/USD I see a potential move down due to recent fakeouts with trapped buyers aswell as the absorption before (Market-depth).
AS long as risk-off continues we might see more dollar-strenght especially after that ridiculous statement by the ECB saying they dont see an upcomign recession as a likely scenario. (lul).
However, probably a good spot to short with a nice risk-reward-ratio.
Waht do you think?
GBP/JPY ready to fall!Hey tradomaniacs,
previous breakout out of the correction shows nice volume so the breakout looks pretty valid.
If the price re-tests the area we can consider to short with a tight stop-loss-level for a good risk-reward.
What do you think?
Bitcoin DipIn the screenshot shown, people are buying the dip, causing bitcoin to suddenly spike back up.
Bloom energy long within overall downtrendBloom energy is looking good for now. The current downtrend on a larger timeframe looks strong
ATT with a move to the upside within downtrending channelWe are looking at a move to the upside of this long term channel, I would expect to reverse back down within 12 days
Joe Gun2Head Trade - Gap fill on NASDAQTrade Idea: NASDAQ
Reasoning: Gap fill on NASDAQ
Entry Level: 11797
Take Profit Level: 11035
Stop Loss: 11905
Risk/Reward: 6.83:1
Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
USD/CHF likely to move up!Hey tradomaniacs,
looks like we`ve just seen a nice fakeout at the bottom of the support with a final stop-loss-fishing before the market moves up.
Would fit into the current mood of the market aswell as dollar-strengh.
What do you think?
Joe Gun2Head Trade - Short term double top on EURJPYTrade Idea: Short term double top on EURJPY
Reasoning: Stalling on the daily, double top on the 60min. Possible intervention?
Entry Level: 142.42
Take Profit Level: 140.50
Stop Loss: 142.97
Risk/Reward: 3.4:1
Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Joe Gun2Head Trade - Selling GBPNZDTrade Idea: Selling GBPNZD
Reasoning: Large engulfing candle on the 60min
Entry Level: 1.9452
Take Profit Level: 1.9257
Stop Loss: 1.9550
Risk/Reward : 2:1
Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Universal Ibogaine Inc. stock analysis and evaluation
Universal Ibogaine Inc. is Canadian-registered company listed on TSX-V with ticker symbol $IBO marked an opening today at $0.05
Joe Gun2Head Trade - Speculative EURUSD longTrade Idea: Speculative EURUSD long
Reasoning: Potential double bottom on the Daily Chart
Entry Level: 1.0561
Take Profit Level: 1.0746
Stop Loss: 1.0510
Risk/Reward: 3.65:1
Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Bitcoin with more bearish signsHey traders and happy Sunday!
In this post we are going over Bitcoins bearish movement using multiple timeframe analysis (MTFA)
On the left you see the 5min chart of BTCUSD, where we have formed a double top + a lower high following the doutble top, in the PrimedTraders community & courses this is a must know pattern as it has yielded us many profitable pips. For now we believe that we are making a push towards the daily VWAP once we come to it we will determine if its time to get out of the shorts taken @ 19599.50 or build on them further.
We are taking day trades while we run our position trades on bitcoin (see related post)
$IBO ascending forward on TSX-V$IBO is trading swiftly in the market and observed a plenty of investor activities, the shares are trading live on TSX-V at $0.055
Joe Gun2Head Trade - Speculative EURUSD longTrade Idea: Speculative EURUSD long
Reasoning: Potential double bottom on the Daily Chart/Bull Flag on the 60min?
Entry Level: 1.0511
Take Profit Level: 1.0735
Stop Loss: 1.0490
Risk/Reward: 8.85:1
Disclaimer – Signal Centre . Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
What Actually Happened To Bitcoin Price Action EditionSo I decided to see why this big ol' drop is happening with Bitcoin.
The answer?
We're filling a very old order block that was never
completed in July 2021. So it makes sense price has dropped ALL the
way to where we are now. Time to analyze where we may be going from
here.
According to this current situation, once the years-old order block is
retested, we should make a long push back up to the 38810.05 weekly
zone since it was never retested on the 4hr. It just dropped like a brick.
If we are not ready for the giant uptick back up yet, and we
breakthrough the monthly 28990.63 zone, the next pivot area will be
24337.80 daily zone. We're about to find out what happens.
BULL TPS:
• 32788.17
• 34337.72
• 35504.62
• 36622.43
• 38810.05
BEAR TPS:
• 29315.72
• 27774.40
• 26233.07
• 24475.42
US30 LongVery tight Sl, but let's see what this does. 4H Key level has been tapped nicely. Risky entry since Bear market has been so crazy, so manage rislk accordingly.
#ES Futures 06.09.22 Daily Overview and Levels to WatchYesterday played out pretty much as first expected, was able to actually call the high and the low within a few points as mentioned I thought we might stay in tighter range between 4157 and our 4103-4099.75 level and we did. Today Globex attempted to break out of our Key Resistance at 4143.75-4137.50 and failed which trapped a lot of people, with that fail I will be looking for us to test the opposite side of this range and our Key Support at 4084.50-4077.25 I believe we should have enough supply to take it out but then we have to monitor how much extension we get and if we accept or come back in. On the downside if we get under 4103.25-4099.75 we can see Key Support at 4084.50-4077.25 and lower levels that I would like to see hold are 4061.50-4056.50 and especially 4046-4042.25, ideally if we will have a fail and come back in we will not break both of those but if we do we have next Key Support at 4030.75-4025.25 to keep in mind. On the upside if we again cant take Key Support which is also our T+2 low for the day then we can see rotation back up or what I will be watching for is a flush of that area and see if we can find buyers at lower levels that will bring us back into this range and that would confirm for me that most likely we are out of supply and can see higher levels of 4103.25-4099.75, 4123.75-4119.25 and Key Resistance at 4143.75-4137.50 and if that does happen today or tomorrow then we can see a run from the Key Resistance up to the next one at 4220. Have to manage expectations as we are still in tight range but today we already seen the signs of it breaking.
#ES Futures 06.08.22 Daily Overview with Levels to WatchYday I was short biased and thought we will have enough supply to flush Key Support at 4084.50-4077.25 but I did mention that if we do no break support and reach next level down then we can see a rotation back to 4103.25-4099.75 and 4123.75-4119.25, because of the short bias I did not think we will get back to Key Resistance at 4143.75-4137.50 and extend to next level up but I have been telling myself that we are in this 4170-4070 range since last week and will be that way until we see clear moves out with continuation. So far we are tightening up the range/coiling up looks like for next move out, we are getting lower highs and higher lows with tighter ranges since 27th which tells me we are just spending time cleaning up still and filling orders. Today we have our inventory long above our Key Resistance of 4143.75-4137.50 but also short from yesterdays close. Tricky spot here, we can see another day of tighter range if we do it should be between 4157 area below our 4168-4162.25 level and around our 4103.75-4099.75 area maybe 4090ish. Of course we watch level by level for order flow at those levels to see if we have enough to break and keep going or not so have to keep all possibilities open. On the upside holding above 4143.75-4137.50 can give us 4168-4162.25 that is our T+2 high and if we break it and extend then can see more buy ins and upper levels are 4191-4185.50 and next Key Resistance at 4020-4214.75 but T+2 high is important reference that must break in order to see continuation up. On the downside if we get under 4143.75-4137.50 then we can see 4123.75-4119.25 and 4103.25-4099.75 which is also our T+2 Low area that we will need to see break in order to get a chance at Key Support of 4084.50-4077.25 and lower levels, with T+2 High and T+2 Low being at the very spots we think that we might stall and tighten is another reason I think we might have a smaller range day again and tighten up more. Of any of those references break with volume then its a good sign for continuation because we have a week worth of inventory built up already, but might not happen until Thursday/Friday as we said we don't have any market moving events till then. Days like last few weeks its very important to not over trade and manage expectations in the trade.
S&P is greedy for liquidityWassup guys, as you know, im still bearish bias on S&P and Nasdaq. My last post on S&P was a beautiful trade. It gave you 2 intraday opportunities; bearish and bullish. Now we are back in another imbalance. If you know how to read price action, you can see the down trend. It looks like we might head down to 2 good areas of liquidity. Im bearish til we fill a daily imbalance, not shown on this chart or I see a change of structure.
