usdjpy start short ? why not usdjpy has the potential to make a decline because there has been a break in the uptrend structure in a small timeframe, but this is actually quite risky. but with a good risk reward and measurable risk management it shouldn't be a problem
supply area 123.3 - 123.7
demand area 119.2 - 118.5
Demandarea
SPX 500 - BOTTOM REACHEDOANDA:SPX500USD
With the economy reaching PEAK FEAR, very likely we have reached the bottom...
But I wouldn't base it on pure fundamentals... Here we see clear Institutional Demand Levels.
We have just encountered a substantial demand zone increasing the possibility that we have reached a bottom in the market. We can start to see and trace this evidence in the markets as shown on several different stocks as well.
Check my profile for all different potential stocks that can be affected by an increasing S&P 500.
NIO - Buy Setup Forming!Hello everyone, if you like the idea, do not forget to support with a like and follow.
NIO is approaching a demand area in green, we will be looking for new buy setups.
Before we buy, we want the buyers to prove that they are taking over again. You don't want to buy a bearish market right?
Our red trendline is not valid yet so we will be waiting for a third swing high to form around it to consider it our trigger swing. (projection in purple)
Trigger => Waiting for that swing to form and then buy after a momentum candle close above it. (gray area)
Meanwhile, until the buy is activated, NIO would be overall bearish and can still dive inside the green demand before going up, or even break it downward.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
USDPLN waiting for a trigger to buyon DAILY: USDPLN rejected our previous support zone in green so we are still looking for objective buy setups on lower timeframes
on H4: USDPLN formed a new trendline red so we are still waiting for a momentum candle close above our gray zone to buy this one.
meanwhile, this one would be overall bearish and can still test our support one more time before going upward, in this case, we will be looking for new objective buy setups to form.