Professionaltrader
USDJPY Intraday Trade
USDJPY M15- This pair was in an Uptrend with the market heading towards the Daily Resistance structure that has been tested multiple times in the past, making it a great area to look for Counter-Trend opportunities.
Reason For Entry- Double Top move followed by Engulfing Candle, Indication that the market would reverse to the downside.
11PIP SL🛑
34PIPS TP ✅
How To Think Like A Professional TraderA strategy is only as good as the trader using it. Patterns are not enough, neither is support or resistance. Candle patterns help, but will not do the trick alone. Unless you can understand the structures of the markets, alongside the behaviour, then really and truly you are just trading blind. In this short episode, I go through three trade ideas that were planned out today (03/12/2020) on the RockzFX Academy live trading session, so you can get an idea of what it means to plan your trade, and trade your plan!
Intraday GOLD TRADEIntraday GOLD Trade LIVE!
Reason For Entry- Price was around the Support Area which has been tested multiple times in the past, anticipating a great area to buy Double Bottom formed followed By Engulfing Candle.
SL- (1854.247) ⛔️
TP1- (1863.911)✅
TP2- (1866.934)✅
TP3- (1868.743) ✅
US30 Analysis SELLHappy Sunday Traders,👨🏿💻📉
US30 Daily Chart-
Fundermentals- U.S. stock indexes closed sharply higher Friday, notching a pair of fresh records, as Wall Street wrapped up a week framed by optimism over the prospects of vaccines and treatments for COVID-19 and yet gloom over a spike in the viral outbreak in the U.S. and Europe.
Markets also remain sensitive to talk of the possibility of another fiscal aid package that could help workers and businesses, despite a lack of political momentum to achieve a pact in the aftermath of a contentious U.S. presidential election.
Technical Analysis- Price currently around Monthly Resistance Zone which has been tested multiple times in the past, anticipating a great area to sell with price action patterns. I'll be looking at taking Counter-trend entries on the 4HR this week.
NAS100, What Goes Up Must Come Down!Nasdaq 100 Weekly/Daily Charts-
What goes up must come down! The US100 is operating @ an all time high with the market being in a very strong Uptrend.
Fundamentals- The Nasdaq has staged a massive rally over the last few trading sessions in the aftermath of election night. With challenger Joe Biden looking set to claim victory over incumbent Donald Trump, and prospects of a split congress squashing fears of higher corporate taxes, investors have pushed major stock indices notably higher this week. Nasdaq price action surged almost 10% from last Friday’s close while the S&P 500 and Dow both gained about 7% a piece. This coincided with a sharp slide in the US Dollar and breakout in gold prices.
Price is currently @Monthly Resistance level (brown zone) which has been respected multiple times and this is where I'll be looking for counter-trend opportunities on the 4HR Chart this week!
Link to Weekly Chart;
