Momentumstrategy
Bullish setup of Crude Oil on dailyOn the weekly chart, the selling pressure around 64-67 is high. I don't think the momentum is strong enough to penetrate the bearish structure at one shot. Consolidation and pullback is required after recent rally.
On the daily chart, it formed a typical demand zone which price might go up from.
I will pay close attention to 58.8-60. It's still a large zone for me, so trigger part is necessary(price action on smaller timeframe)
Trigger: 1H reversal pattern(bullish)
GBPUSD long tradeGBPUSD is bullish, the daily candle has broke and closed above the previous high with a nice bullish impulse which has been followed by a correction to retest the previous resistance as new support, which is also aligning nicely with the uptrend support on the 4hr timeframe which the market is currently testing, im waiting for a new higher high to form from a 4hr perspective then on the retest we can look for entries for market to complete the pattern and form a new higher high from a daily perspective.
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ADA cardano, dont miss the next impulseOn the daily timeframe market has made a nice technical correction to the 0.382 fib now we are expecting a continuation to the upside and a second bullish impulse to form a new high from a daily perspective, on the 4hr timeframe during the correction market has formed this counter trendline, we are waiting for a break above the counter trendline and a new higher high to form from a 4hr perspective giving us new bullish structure, if then all rules are met we will take the long.
POLKADOT longDOTUSDT we are bullish market on the daily timeframe after making a stroong bullish impulse has made a nice correction on the daily timeframe to the 0.382 fibonacci, no we are expecting the continuation to the upside and market to form a new higher high. on the 4hr TF during the correction market has formed this nice counter trendline, we are waiting for a break and close above the counter trendline so market to form a new higher high then we can look to take the long on the retest.
USDPLN SHORTOn the daily timeframe market has broke below support and the the trendline with a strong bearish impulse, followed by a nice slow correction to test previous support as new resistance, now we are expecting the continuation to the downside and market to form a new lower low on the daily timeframe, we will be waiting on 4hr TF for market structure during the correction to switch bearish again then we can look to take the short.
EDGEUSDTEGLDUSDT on the daily timeframe since making a nice bullish impulse market has now made a nice correction, now we are expecting another bullish impulse and market for form a new higher high from a daily perspective to complete this I.C.I strategy. On the 4hr during the correction market is trading inside of this falling wedge pattern which is also a bullish continuation pattern, we are waiting for a break and close above, so a new higher high to form then we will take the trade.
ETH/USDT momentum hasn't dried up yet Hello, Traders!
ETH continues to move in an uptrend.
At the moment the price is locked between two zones of interest:
Buyers interest zone $1670-1710
&
Sellers interest zone $1800-1840
The buyers need to go to the market with purchases in order to continue the upward movement, otherwise, the price won't be able to hold its high.
We can join the buyers, opening a position in the range of $1715-1760.
Stop Loss shall be placed: at $1615.
The targets would be:
$2062
$2232
$2338
Good luck and watch out for the market!
P.S. This is not a piece of financial advice, but only a trade, I would be following myself
CADJPY long.On daily timeframe market has made a strong bullish impulse, which has been followed by a correction to the 0.382 fibonacci now we are expecting the continuation to the upside and market to form a new higher high from a daily perspective, on the 4hr market is now forming new bullish structure after the correction we now have a nice uptrend forming higher highs and higher lows, this long is ready.
EURGBP short setupEURGBP - Market is clearly bearish in a strong downtrend, on the daily timeframe we have recently broke below support with a strong bearish impulse, which has been followed by a correction we are now waiting on 4hr TF for the correction to slow and new bearish structure to form , if all rules are met we will be taking a nice short TP will be the 0.272 of the fibonacci taken on the daily retracement.
$SOS can rise in the next daysContextual immersion trading strategy idea.
SOS Limited, through its subsidiaries, offers fin-tech and emergency rescue services. Its fin-tech business offers decisioning technology and marketing services for consumer credit market.
The demand for shares of the company looks higher than the supply.
This and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $3,04;
stop-loss — $2,41.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!
$BHAT can rise in the next daysContextual immersion trading strategy idea.
Fujian Blue Hat Interactive Entertainment Technology Ltd. designs, produces, promotes, and sells animated toys with mobile games features, intellectual property, and peripheral derivatives features worldwide.
The demand for shares of the company looks higher than the supply.
This and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $1,33;
stop-loss — $1,02.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!
$AWX can rise in the next daysContextual immersion trading strategy idea.
Avalon Holdings Corporation provides waste management services to industrial, commercial, municipal, and governmental customers in the United States.
The demand for shares of the company looks higher than the supply.
This and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $3,53;
stop-loss — $3,06.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!
$SYPR can rise in the next daysContextual immersion trading strategy idea.
Sypris Solutions, Inc. provides truck components, oil and gas pipeline components, and aerospace and defense electronics primarily in North America and Mexico.
The demand for shares of the company looks higher than the supply.
This and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $2,46;
stop-loss — $2,03.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!
EURNZD short setup.EURNZD we are bearish on the weekly timeframe market is in a strong downtrend last weeks candle has closed below support and has closed in the way in which we expect the next weekly candle to fill in the wick, on the daily timeframe market has made a nice bearish impulse followed by a correction to the 0.382 fibonacci, which is also aligning perfectly with the new daily resistance and the daily downtrend giving us a confluence of resistance and a area of supply, we are now expecting the continuation to the downside and market to form a new lower low from a daily perspective.
NOKYJPY - longNOKJPY has respectedon the daily TF has made a strong bullish impulse followed by a nice correctio to test the daily support (demand zone) which it has respected , on the 4hr market has broke above this counter trendline/ descending triangle formation, after forming a nice double bottom. we can enter long on the retest.
UK100 Index bullish setup on 2H(based on weekly)My trade idea is based on weekly pattern(flip & MAs & momentum). Daily has on bullish candle reacted to the weekly zone.
So, if price takes out the control high on 2H, I will assume momentum on the small timeframe is up. Now, I got my big buddy as well as my little buddy on my side. The odds of the bullish setup is high.
BTC Add-on opportunity for previous bullish setupFirst of all, Target 1 got hit not long after I published the previous idea. Then, it moved between the entry zone and target 1 range for approximately 3 days.
Finally, it penetrate the zone today. Buyers takes control. So I'm looking for a pullback add-on opportunity.