USD is Trading Inside of Wedge and May Rise to ResistanceHey Traders👋🏻
On The Daily Time Frame The USDJPY Price Reached a Strong ResistanceLevel (142.255-141.267)✔
The Price Broke This Key Level (The Resistance Becomes New Support Level)
Moreover, The USDJPY has created a Rising Wedge pattern and trades inside.
So, I Expect a Bullish Move📈
i'm waiting for a Retest...
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TARGET: 145.050🎯
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Demand Zone
GOLD will fall more currently the gold is moving between a bearish channel and is broken below the weekly resistance ..in that case it would be fall more until 1880 weekly support which was previous resistance .in that point gold seems quite bearish .we can see the daily demand around 1910 area was actived and price moved to 1930-1936 area again.
on other hands , IF the gold trade above 1940 means ,the bulls back in to tha market then turn the trend to bullish side .currently we are only looking for gold selling opportunities until it trade below 1930 and 1940 area.
also the MACD histogram is giving a negative signal and that means there has a higher probability to sell on gold
good luck for this week..
OANDA:XAUUSD
ETH LONG IDEA (EDUCATION) THU 29 JUN 66It can be seen that, the price of eth/usd create bullish structure for long bias.
The reason
1) Price break trend line
2) Price did bullish correction
3) currently, the price show finish bullish correction at ema 200 in conjunction with resistance become support level with piercing pattern.
Fibonacci Extension for measuring potential resistance (profit target)
1) start from 1627(lower low) to 1936(higher high) then drag to 1820 (higher low)
2) we will get the profit target which is 2063 (0.786 ratio) as resistance level
Ema 200 (stoploss)
: the stoploss level should be 1 block below the ema 200 to prevent volatility hunt our stoploss level @ price 1777
Money management, using stoploss affect mental performance, therefore, trader should spend money from free cashflow that they receive from other sources such as dividend or rebalancing assets.
For example, I gain cashflow from passive trading 1000$
TYPE A (SCALPING MODEL),
I want to trade for 10 times (assume that my win rate is 50% and risk reward ratio is 1:3).
I will risk on this eth/usd for 100$ to gain 300$
and i will risk 100$ only when the price break trend line and make bullish correction like this.
therefore, i will keep entry the same set up for 10 times.
TYPE B (Risk per trade model)
I want to make it another portfolio
I will risk on this eth/usd for 2% to gain 6%
(risk 20$ to gain 60$)
This is just example of how i manage money for trading because my goal is to trade for a long time so i decide to pick the right approach and strategy for my risk appetite level. and the method can solve problems such as mental breakdown, mindset, and psychology.
(changing the process is better than fixing the habit !)
EURGBP LONG breakout and retest 29 JUN 66 (education)
In the weekly chart, the price show 2 consecutive large green indicate price reversal.
The price of EUR/GBP pair broke out of the range in 45Min TF and throwback at the resistance become support level.
The EMA crossover shows the bullish momentum for entry.
The candlestick that confirm bullish rejection at the resistance become support level is "Doji"
Therefore, i decide to entry at the current price and stop loss slightly below EMA "34" .
The profit target is 2.00 RR.
# i decide to use EMA as dynamic support level after price start trending market.
Daytrade Plan for XAUUSDFollowing the previous XAUUSD post, the price pattern has completed the descending triangle formation and is reaching to the recommended TP2 zone, where traders should definitely start to take profits.
The reason why we should start scaling out of sell/short positions here is because there are a cluster from multiple indications on this demand zone at 1900 area including:
1) POC from fixed range volume profile of the previous swing low-swing high
2) 161.8 target from fibonacci after the consolidation of descending triangle formation
3) EMA-200 day period
Evidently, this demand zone is considered strong based on the cluster of 3 technical indications
There will likely be a technical rebound near this area, where we can trade against the trend for a very short trade. However, it would not be wise to place a trade right away.
The price actions should begin to form a range of consolidation and show a lower high first in 15m timeframe before placing a trade.
SL: at the lowest point in 15m timeframe
TP: at two cayenne lines are acting as minor resistances and should then be the TPs for this short trade plan: 1910, 1917 respectively.
Again, this short trade plan is trading against trend which can be very risky. Therefore, do not forget to put a stoploss and place in proper risk management on your positions as always
CROUSDT Long Trade Idea (1H + 5m)1H:
- Price rallys downwards with momentum
- Price creates equal lows which is sell side liquidity
- This gets cleared as price moves lower
- Price also clears a major low, identifying a break of structure lower
5m:
- Price moves upwards with momentum, forming displacement
- Price clears multiple highs in this bullish move up
- Price forms a fair value gap (FVG) which is at a discount and this is where we go long
TP set to resting Buy Side Liquidity on 1H - 0.06040
SL set to the lowest low of the move upwards - 0.05604
BNBUSDT right-angled broadening wedgeBNBUSDT is about to fill the corrective a-b-c retrace. After the last target reached, I'm updating this chart with potential targets based on demand zone for the next short position. An impulse wave downward can be expected. Fisher Transform oscillator on 4h-time-frame was added to speculate a price-time correlation.
GBPUSD Liquidity Inducement SetupThe price is in Daily Resistance Zones it is wise to be only interested in SELL positions
The price has made a Significant CHOCH at H4 and the ORDER BLOCK that caused this has been MITIGATED
BSL(Buy Side Liquidity) is made below the ORDER BLOCK and it is expected for the price to HUNT the BSL in order to continue it's downward move to reach DEMAND ZONES that were the ORIGINS of previous uptrend
the price obviously has BUY IMBALANCE and this acts like GRAVITY and pulls the price down to re-enter BUY ORDERS
NZDCAD - NEW BEARISH MOVE📉Hey Traders👋🏻
The NZDCAD Price Reached A Support Level (0.82628-0.83115) !
Currently, The Price Broke This Key Level (Support Level Becomes New Resistance Level)
So, I Expect a Bearish Move📉
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TARGET: 0.79675🎯
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if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
AUDCAD - BROKEN CHANNEL📉Hey Traders👋🏻
The AUDCAD Price Reached a Major Resistance Level (0.91064 - 0.90637) and Formed an Ascending Channel✔
Currently, The Price Reject To Create New Higher High, The Last Higher Low is Broken (Break of Structure)
Moreover, The Support Line of The Channel is Broken!
So, I Expect a Bearish Move📉
i'm waiting for a retest...
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TARGET: 0.88315🎯
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if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
✨ P2P INDi [PRO] ✨ TUTORIAL ✨1. Go to the 1D time frame
2. Open chart drop down menu and select Point and Figure*
*Point & Figure below the 1D time frame is ONLY available to TradingView members that are subscribed to the Pro plan and above
3. Click on the SETTINGS wheel on the P2P INDi
4. Locate the DEFAULTS drop-down menu and select RESET SETTINGS
5. Click the INPUT tab
5. PIVOT PRICES
(a) Identify price(s) nearest the Pivot High (PH) and the Pivot Low (PL)
(b) Place those coordinates in the corresponding input box
(c) Click OK (at the bottom right)
6. On the Tool Panel (to the left), identify Magnet Mode and turn it on (weak or strong)
7. PIVOT PLACEMENT
(a) Drag the Pivot High line of P2P INDi and snap it on the corresponding X
(b) Do the same for the Pivot Low line and snap it on the corresponding O
8. ANNOTATING TREND
(a) Identify the trend shown on the Heads Up Display (top right-hand corner)
(b) If the DOWNTREND (red) is displayed, remove all three Buy Order TPs
(c) If the UPTREND (green) is displayed, remove all three Sell Order TPs
9. SET YOUR POSITIONS
(a) Place Buy and/or Sell Orders at 2%-3% or less of your Net Asset Value (NAV)
(b) If shaving, take 25% profit at the first two Take Profit (TP) prices.
(c) Stop Losses should be equal to or beyond the PH and PL lines
(d) If stop loss is greater than your risk tolerance:
— lower your position size or
— tighten your stop loss by bringing it closer to your entry
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AUDUSD BUYING Trade Setup H1At the moment, AUD/USD is trading at 0.6759. According to my limited knowledge, if it goes down, it will reach the support line of the channel. After that, it will move towards the resistance of the channel, and then there will be a breakout of the channel. After retesting, it will continue to move upwards.
Disclaimer: The information provided is for general informational purposes only and should not be considered as professional advice. Use at your own risk.
BTCUSDT Wave B seems to be accomplishedBTCUSDT just made a peak accomplishing the wave B, likely starting a impulse wave inner the next wave C downward. On Chaikin Money Flow we can see a hidden bearish divergence on this daily chart. Overbought condition on ESCGO_LB suggesting that a bearish leg is coming to close the week. I'm expecting a drop to the 20k demand zone region to finish this minor A-B-C zigzag correction phase.
EURUSD - NEW BREAKOUT📈Hello Traders👋🏻
On The Daily Time Frame The EURUSD Price Reached a Resistance Level (1.09048 - 1.08709).
Currently, This Key Level is Broken (Resistance Level Becomes new Support Level)🔥
So, I Expect a Bullish Move📈
i'm waiting for a retest...
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TARGET: 1.10150🎯
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if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
USDCHF - NEW BEARISH MOVE📉Hey Traders👋🏻
The USDCHF Price Reached A Support Level (0.89410-0.89806) !
Currently, The Price Broke This Key Level (Support Level Becomes New Resistance Level)
Moreover, The Price Broke The Support Line 📈
So, I Expect a Bearish Move📉
i'm waiting for a retest...
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TARGET: 0.88475🎯
___________
if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
TOMOUSDTCurrently TOMOUSDT is at strong support area and has shown good reaction of this area as did in past. If it continue with this reaction then minimum of 10% followed by 30% gain is on table.
Ninja Talks EP 17: OJ Simpson-itusFunniest thing always happens in a bear market;
You get influencer guru wannabe gigachads acting like they're OJ Simpsons lawyer trying to argue a case they know is wrong.
If the glove fits, right?
When the ships sinking peeps turn into three people;
(1) They admit they were wrong, reassess and act accordingly (2) They deny their lying eyes and continue to nuke their Trading account (3) They secretly close their positions, but tell the world they're still open, until it eventually proves to be unpopular in which case they are already safe from any disasters.
That last one is particularly offensive, it's like the elite of the world going into underground bunkers secretly before meteors strike the earth.
Cowardly.
But It's hard to hold people accountable, nor do I care to really do so - the only thing I can do (and you too by proxy) is to not be (2) and (3) - makes you less of a superhero when you are wrong, humans are more relatable anyway.
+ Your audience will appreciate you serving them rather than your own selfish self interests.
Just some food for thought.
Admitting when you were wrong, allows a bonding experience greater than any other.
When was the last time I was wrong?
Well...
I picked the exact top on Tesla, Bitcoin and the stock market, but I didn't think Bitcoin would crack 60k, I had it stopping sooner - but I was wrong - luckily I didn't bet on it or tell anyone else to bet on it, but the fact remains...
...own your loss like a champion and people will respect you.
Or just deny reality, like the guy who says "I'm not crying, my eyes are hot!".
It's up to you Ninja.
Decide what type of financial speculator you want to be.
That's all for this ep, give a like and comment for the algo.
Nick