Daytrade
NZD/USD could move UP! hey tradomanaics,
looking at NZD/USD I can smell a buy-chance at this current strong support-zone which gets constantly bought by institutional traders after multiple fake-moves.
Structure looks bullish to me with a flat-type-correction, while volume and orderflow does not let price drop below the demand-zone.
Could be a good catch, especially when you get the breakout!
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Peace and good trades
Irasor
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XAUUSD BUY / Bull trend higher lowTaking this long on XAUUSD as a possible swing trade
Momentum is bullish with price action making higher lows and higher highs, while price is also above the 20 day EMA
ATR is starting to go up slowly so I would expect some movement to come later today, the only thing that worries me for longs is the fact that we have had some big red candles recently.
AUD/JPY BUY IDEAHey tradomaniacs,
still testing my new style but we with AUD/JPY I see a great potential to move up!
A bit concerning as always could be the upcomign RBA Statement - I think it is likely to see a more hawkish statement and that the RBA will talk about a tighter policy in the future.
Risky setup - But overall deliecious in terms of risk-reward!
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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BTCUSD shortThis is a classic Primed example of a trend short trade.
By looking at the recent history of BTC movement we have seen the ATR go to historical highs (based on our settings) which would classify a trend start, currently, the ATR is stuck in almost a straight line, confirming that we should be in a downtrend at least for now.
The rest of the system indicates that we should sell, price is at the 2nd layer of the fibs and showing good resistance so far with the RSI at its highs.
The overall price action move is bearish, lower lows, lower highs.
We might take profit earlier, at 123.6 or 138.2, we might also compound the trade.
Wishing you all luck!
A Nice Clear Chance to Ride the Channel The market has been moving in a very nice way in the long run particularly in the rising wedge pattern. It made a new high recently and there is a high probability that it will travel down for some time now, my personal taste says 76.5 at least.
A chance to take short ASAP as soon as the market opens because a resistance has been formed and this is a nice entry to travel the down move.
Never risk more than 0.5% risk on the trade, let the risk to reward do its job.
Day Trade On BNB With 14% ProfitIf the price falls back to around the $298 area, it should bounce back to around $330, which was a previous larger scale Support/Resistance. The $298 (green line) was obtained from a shorter time scale (15 minutes). Also based on what happened in the past (look at the bounces of the green line a few days ago), this is an opportunity to make a short-term profit. These values also get some support from the Fibonacci Retracement.
You can switch to the bar chart and check fluctuations beyond the close price, and place your buys below $298 and sells above $330. I wouldn't be too greedy on the sell price if you're looking at this as a day trade.
Please note that the overall trend is still down, and I do believe that we will reach lower prices (in the area of $200's).
A short time ranging market.As you can see the market is ranging in a small zone for sometime and it just met with the supply zone, which means that it will have highest chances to move to the demand zone now.
It has started fhe move and it maybe taken as a late entry but there is a chance.
Apply strict risk management, no more than 0.5% on the trade.
High Risk Quick Short SetupThis is a high-risk setup, proceed with caution.
A conservative trader would wait for a retest before placing a buy order but in order to buy we wait for a dip - that is what we are doing, travelling the dip.
It may dip or continue up without a dip, but it's a good chance it will.
The price is respecting the supply line multiple times earlier, not much juice left but still a good sell for high risk setup.
Only 0.5% risk per trade, minimize risk by putting stop loss to entry at 1.5 RR.
EURUSD going bearish on H1EURUSD currently on ranging or sideways.
Waiting at the best Zone to entry SELL for a better
risk to rewards ratio.
Wait for confirmation such as Bearish Engulfing or others.
If entry SELL now, you are more to gamble not trading.
I am a day trader as such i react to the market movement.
Lets share knowledge with others.
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EURJPY go Bearish on H1EURJPY currently on Uptrend base on Higher TF However the price failed to
create new Higher High.
Entry SELL position with good risk to reward ratio.
Reason of selling as mentioned.
I am a Day Trader and I react to market movement.
Lets spread the knowledge.
Like and share.
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