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USD JPY 27 - July - 2021 USD JPY SHORT Trade it based on what market will do next hours I used 100 MA and 3 MA to define the trend on daily chart. I used fibs from lowest point after trend changed to see the levels On daily/ weekly/ monthly chart I identify " Bearish Harami " that indicate me a possibility of trend change . Bearish scenario : I aim for the lowest price of the month If current 4 H candle will close under 110.000 I will go short using following entry price, stop and TP I will entry at 109.980 My SL is @110.230 that's 250 Pips lose My final TP is @ 109.083, that's a 897 Pips gain Overall I have 3.59 R/R After price hit at least 1-1 R/R, I move SL to entry point so I will limit any kind of loses.
Short
by Andrei_C
SPY dump part DooI love the setup to short here. /ES (which my technical work is based on) got a breath away from a symmetry resistance at 3427. My dowsing says to expect new lows, sell rallies, breakdown and that this is a short term reversal. The chart data at yesterday's low at 4224 is a total ledge and appears as an unfinished auction. The /ES also has a weak area (appearing as a ledge on a 3 minute chart) at the halfback of the entire swing down around 4304. The combination of these increases the odds for a retrace down. Intuitively this morning I had that tomorrow is the better day to short, but I'm comfortable with this area, and the rally has been pretty powerful. I wouldn't expect it to go a whole ton further.
AMEX:SPYShort
by JenRz
2
Retracements and Expectations👨‍🏫 A students ask me to clarify a strategy I use when momentum trading using retracements in something I call the "Springboard Effect" The theory is, the deeper the retracement after the initial impulse move the less chance of an extension or "strength" of the continuation. I like to use the analogy of a Spring Board, (or diving board) and the stiffness of the board or the amount of "spring" it has 👇 🤔 Imagine we we have 4 different boards, all with a different amount of springs and we are going to drop the same amount of weight ⚖️ from the same height onto each board. When we drop the weight onto the board that has lots of springs, it wont retract far before launching the weight high 🚀 If we drop the weight on a board that has a less springs it will retract further, but have less strength to launch the weight very high 🛫 If we drop the weight onto a board that has barely any springs then it will retract a lot and then struggle to even launch the weight higher than the height it was dropped from 😤 In this analogy..... The height we dropped the weight from, is the top of the impulse move 📈 The different boards are the different fib retracement levels 🧮 The springs are the buyers at those levels 💵 How far it throws the weight is the strength or price action of the extension 💪 👉 A Bounce on the 382 tells us that there are plenty of buyers wanting to enter this market asap, this is a good sign that the extension could be strong. I like to target the 1.618 extension and or match it up to a level of resistance close by 👉 A bounce on the 50 tells me there is still a lot of bullish momentum but buyers where happy to buy it much lower, I'll still consider this bullish and target the 1.272 extension and match it up with some resistance close by or front run the level if I have to. 👉 A bounce on the 618 I dont really consider to be a strong move, I feel we will get a good bounce and may extend further, but I play close attention to the previous high incase we double top. I will look for things like candle stick reactions and use the CCI to spot divergence if momentum is lacking. 👉 A bounce on the 782 I consider a failure of the trend, I will expect buyers to still step in, but it will be a weak bounce and only really look to target other fib levels inside the retracement as potential resistance and this trade becomes more of a short term scalp. I hope this makes sense and adds some value to your trading, peace ✌️
OANDA:SPX500USDEducation
by DeNomics
9
BTC Daily Chart: "Trendy"I have been bad about publishing my charts. But I suppose posting the larger ones would be okay as they take longer to change. This is a daily chart showing: - trendlines in black showing potential channel and old trendlines - trendlines in ROYGBIV colored to show most current trendlines - volume profiles showing POC for different areas - a fib speedfan from highest point to lowest level - largest fib retracement on the left created from lowest low to highest high - smaller fib retracement on the right created from previous high to previous low What I see: - I see it respecting the red and orange trendlines - recently bounced off smaller fib's 0.618 line - smaller fib 1.618 area is contained in the largest fib's 0.618/0.786 zone - speed fan has some interesting points of supp/res What I think: -i dunno, thats just what I see. - if it maintains holding those trendlines as it moves forward, I suppose that would be quite bullish. - if it fails the smaller fibs 618/786 zone, it could move down to areas that will induce fear in bulls and excite bears
FTX:BTCUSDLong
by GR3ND3L
[Trade Review] How I traded $SNAP, $NIO + RECAP SET UPSIn this video I will reviewing showing/ explaining $NIO & $SNAP that were posted in a pervious video about the set up on my New Series *Set Ups For the Week Traded riot & NIO using my knowledge of technical Analysis, sharing my levels: Support & Resistance, my trendlines, Fibs, Waves, Price Action, Channels , Emas, and prior experienced , while providing both bullish & bearish scenarios for you to be able t to understand my analysis and wait for confirmation as always! Want to see more content like this? Like and Subscribe! *DISCLAIMER: These videos are for educational purposes only. Nothing in this video should be construed as financial advice or a recommendation to buy or sell any sort of security or investment. Consult with a professional financial advisor before making any financial decisions.*
NYSE:NIO
by Raulf-m
BTC to 28k according to these 4 signsThere are 4 patterns/indicators that suggest that BTC could drop further to between 28k -> 27k. 1. Head and shoulders. - It is common for the drop following a head and shoulders to be roughly the same as the rise from the neckline to the top of the head. This was 39%. If we take 49% down from the neckline, this results in a price of 28.5k 2. Previous support - On its way up to its high of $65k, the price of BTC dropped from 41k to 28.7k. It is possible that we could bounce back off this line as a line of support. 3. The 0.618 Fibonacci retracement. - Drawing the fibonacci retracement lines from the March 2020 bottom at 3,858 up to the high at 64.9k, we can identify the 0.618 'golden-ratio' fibonacci retracement to be at 27.2k. A wick down to the 0.618 is not uncommon 4. In addition - the EMA cross is approaching with the 50 and 200 converging in a few days time. This is typically a bearish indicator. Note: I do not believe the bull market is over. The market is still making higher lows, and a drop to the 0.618 is no exception to that. Even a drop to the 0.702 would not invalidate the bull market case.
COINBASE:BTCUSDShort
by Nadnerb217