Opportunity
✅CAD_JPY RISKY LONG🚀
✅CAD_JPY is trading in an uptrend
Along the rising support line
Which makes me bullish biased
And the pair is about to retest the rising support
Thus, a rebound and a move up is expected
With the target of retesting the level above
LONG🚀
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SPX500 getting absorbed by sellers!Hey tradomanics,
currently we see an inceberg-order and absorptionat the top of the day.
As long as aggressive sellers dont appear price wont drop as limit-orders can`t move the market, but we know we have a strong resistance here!
Overall a fakeout-zone so watch this price carefully! A another fakeout above this orderblock could provide more liquidity to the sellers.
Current situation is not very clear but buyers tend to exthaust so a drop is likely!
What do you think?
NZD/USD likely to fall!Hey tradomaniacs,
NZD/USD has re-tested a strong resistance-zone aswell as the current trendline.
Also see how price moves to the previous PoC, which could act as a resistance here.
Overall a great spot to short if we get more risk-off in equities.
Technically its good to wait for a break below the lower resistance-line of the zone to get a g ood confirmation as this would define a fakeout.
Let`s see =)
NZD-USD Rebound Ahead! Buy!
Hello,Traders!
NZD-USD keeps falling down
In a strong downtrend
And I believe the pair
Will keep falling down
Until it reaches the horizonral
Support level from where
A bullish rebound will happen
Buy!
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EUR-CHF Breakout Short! Sell!
Hello,Traders!
EUR-CHF is trading in a downtrend
And the pair made a bearish breakout
Of the key horizontal level
Which reinforces out bearish bias
And I think that after the pullback
And retest of the broken level
The pair will go further down
Sell!
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BTCUSDT - SellHello traders,
today, after a thorough analysis of bitcoin, I decided to mark out sell zones for you, where I will try to find an opportunity to sell. It is important to realize that we are expecting important news and therefore it is necessary to pay attention to the increased volatility of the market!
IMPORTANT WARNING:
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Rebounds from marked zones created by trading positions of large institutions such as banks or various financial funds may not create new HH or LL and therefore it is very important to collect partial profits at least according to these rules. This will help you to keep your equity curve constantly growing and protect your funds from big drops if the price unexpectedly turns against you. But the decision is only in your hands.
I personally prefer setting up multiple TPs , here's an explanation:
1) 1:1 allows you to take a 50% position and thus secure a balance against loss in case the market turns
2) 2-5 :1 means profit (25% trade volume ), after reaching this TP I move SL to BE
3) 5-10 :1 means bonus money with rest of trade volume (again 25%)
Money is lying on the ground, just bend down for it! Be patient and wait for the price to reach a strong zone and open a position!