QuantumScape - Short Term - We look to Sell at 19.53 (stop at 22.39) Preferred trade is to sell into rallies. The bias is still for lower levels and we look for any gains to be limited. The medium term bias remains bearish. A higher correction is expected. The trend of lower lows is located at 13.50. Previous support at 20.00 now becomes resistance. Our...
JP Morgan has been ranging for a few months now. I anticipate it to do the same thing it's been doing thus far and continue consolidating. We look to see a rejection in today's trading session and a confirmation of a bullish reversal by tomorrows trading session. JP Morgan will bounce off our strong support cluster to continue ranging until we get a confirmation...
Lloyds Banking Group - Short Term - We look to Sell at 2.75 (stop at 2.90) We look to sell rallies. We are assessed as being in a large channel formation with the resistance level located at 2.75. The bias is still for lower levels and we look for any gains to be limited. Risk/Reward would be poor to call a sell from current levels. Further downside is expected...
Shopify - Short Term - We look to Sell at 1266 (stop at 1328) A bearish Head and Shoulders has formed. Neckline resistance 1300. There is no indication that the selloff is coming to an end. The bias is still for lower levels and we look for any gains to be limited. Further downside is expected although we prefer to set shorts at our bespoke resistance levels at...
EU Breakdown of PA from yesterday. Also I explain the power of unmitigated zones and mitigated zones. Price is entering unmitigated zones from the prior NY session in London session today and playing the reactions would have resulted in big wins. Eu is very bearish rn but we will see if the bullish momentum from the 4H zone will hold or if it will fail. RECAP of...
What's Good TradingViewers, I Hope you're all having a wonderful trading day full of pips and blue numbers only. Today i just decided to share some results from a trade i took at NYSE Open (15HR30PM GMT+2). Maybe you might take something very valuable from this. Do let me know in the comment section if there's anything you've picked up! So what happenned? I...
Got a Fibonacci setup with price in consolidation and sitting on the trendline. If price breaks above I will wait for a retest before entering. A break down could be a fake out as there is a high chance it will hit the respective Fibonacci levels before heading up. News later might influence the direction of the market today so will remain neutral until I have the...
Hopefully not too cluttered with all the text - but usually when we see both the 50MA and 200MA leveling out, along with price consolidating between them, a large break-out can occur. If the bull run continues then we could see price heading towards 13440.
NETFLIX stocks price is inside a channel ranging with a small volatility, and here are our two possible scenarios: 1- Staying inside the channel: Price goes down, touches the lower trendline and our RRR will be perfect as the stop loss won't be too far. Plus, we will be around an important support zone, decreasing risk on our trade. 2- Going outside the...
Awsome NY open with TP1 & 2 smashedd! Lets gooooo TP3 & 4
I SEE A BULLISH MOVE ON EU! Price should go above 19100..... My fib zones are TP1 on .236 (1.18830) TP2 on 0 (1.18830) TP3 on -0.25 (1.19054) Tp4 on -0.61 (1.19224)
If you look at my previous trade idea for GBPUSD during the NY session you'll see that the target was smashed within 2hrs. This is what I try to aim for every session now that does not mean that you have to trade every session. You should only trade the sessions where you see the best trade idea.