My view of how market will react according to the stoploss present of both buyers and sellers. The yellow lines present are the psychological levels, market respect to these levels very much. The white line present between both yellow lines indicated the presence of both buyers and sellers at that point those who took positions for btst. The rectangle which shows...
AUD/USD is at a monthly demand zone, there are numerous traps enticing retail traders to short. E.g. bouncing off the weekly trend line, and a so called area of resistance on the daily. COT data also shows banks are becoming slightly bullish and reducing short positions. A-la-la-la-le-LONG, ah-long-long-le-long-long-LONG! Don't short basically. Ps. Trade...
No point letting this trade turn into a looser now. Two lower highs created, so some structure to help create a logical place to move the stop too. Stop will be now at 1.46825. Worry free trade now, let the market go where it wants on this pair now. Updates to follow.
Did you just hand back over some money to the market after what you thought was a great entry? But why, that "support" looks fantastic? You might have thought; Multiple touches in the past, strong zone. Price created some nice bullish Price Action, it must be bouncing off the support. We had a huge strong move up not too long ago. This is accumulation within that...
So you have the "perfect" setup; all the stars align and you feel utterly confident in taking the trade, but should you? I have a process that must be completed before I even think about pressing the trigger. Fundamental analysis points me in one of two directions, then from there I'm either short or long. I then look if there is a technical entry point that...
This pair is more likely to continue ranging between 110-116 this week, but might breakout either upside or downside soon (with US tax reform news most likely triggering volatility in the near-term) and any confirmation candle past that range will trigger the buy/sell stop order with TPs at 120/107 and SL near base pivot line....
DAX after the breakout upward now backed to the range. Price achieve bottom edge of range and at this level buyers became active leaving a trail of bullish pinbar. It looks like long orders stop loss hunting preceding upward price movement. We are opening small long with Risk Reward Ratio 1:1 with stop below last pinbar and target near last high. Near 13020-13030...
This trend is going very bearish for the momentum .
Hello all, After what can only be described as a parabolic move in the US$, we have seen one by one the world's 'risk' assets slowly work their way back down to earth. Weather it be, gold, oil or now even stocks, the bubble of the US Federal Reserve Board's QE program is deflating. Bitcoin too it would seem has been caught up in this deflationary spiral as it...