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Pullback

Showcase: A quick trade on e-mini Dow Jones (YM, 25 July 2022)I recorded the video abit late: There was a nice pullback formation earlier and if you look on the left side of the chart, you can see the price was on downtrend before it made a reversal with high vol. (indicated in the video as SO, which is actually an SP based on the bar characteristics). I did set my EP at 31282 but the price volatility caught me off guard and I emotionally entered on market price. Eventually price went down to capture my earlier EP level before continue moving upwards. We managed to exit with 25pts profit for holding of less than 10mins. This shows that having a proper background and entry on Pullback would yield a good return; bear in mind that in Futures, you need to enter in and out quickly.
CBOT_MINI:YM1!Long
by mdalifalwi
Summer BTC Movement Scenarios (End of Summer Rally ?)Hello everyone, I would like to share with the community my first analysis ever. First thing first I am in the process of learning, so all the feedbacks are more than welcome. --------------------- Let's start, I have been watching BTC movement very closely more than ever this bear cycle. Even more so as we are more likely to enter a recession cycle within the next 12 months. Not to mention the disastrous world economic situation resulting in the spiking inflation rates, the devaluation of USD and the worst of all: Oil crisis. ------------------- July 13 After BTC started its rally to "summer moon," a sudden reversal in trend formed a wedge on the Jul 20 by a reversal in trend caused by Elon Musk's BTC announcement (short). ------------------- Jul 22 BTC price started to show premature signs of what seemed to be a regular range movement upward to retest the wedge resistance (yellow) in a natural accumulation pattern to break upward (as the wedge initially formed in an already developed up trend). But things didn't not go as expected. The first red flag was that when retesting the support, the price started consolidating longer than usual near the support area then quickly rested the closest resistance before reversion as quickly downward to retest the same support again. In other words, the consolidation happened suddenly for an unusual length of time (breaking the ranging pattern). All this, oddly near the support area. It seems to me like a failed bull trap (as buyers did not bite in) - Let me know what you guys think ? Next thing you know the BIG DUMP (breakdown) that we all witnessed a few hours ago. --------------------- To conclude this mini crash broke this short term rally as you can see on the chart I shared. Will it rally ? Will it pull back and bring us to the price levels before July 13th ? All in all, The next days will tell us for sure. The 2 decisive Macro factors will be: 1) Retail sentiment / Adaptation to this breakdown or upcoming breakdowns if there will be. 2) Big NEWS / Breaking News. Bullish or Bearish. As per my TA: I foresee that we will be pulling back one way of another towards the 21.6K in the short-term. Retesting the 19K resistance in the mid-term. Thank you for your time. Please leave a comment, any kind of support will be appreciated ! Your Truly :) --------------------- DISCLAIMER: THIS IS NOT A FINANCIAL ADVICE. These are just my own analysis and ideas about the current market. I am not a professional financial advisor. ----------------------
Short
by Tradamus
63
EUR ATTEMPTS TO RECOVERLast week EUR pairs experienced strong bearish pressure dropping to respective strong support levels. Eurjpy has played out a double bottom pattern and RSI bullish divergence on the support level suggesting a pullback is about to happen. EURUSD bounced on the support level and printed a rejection candle on the daily timeframe. EURAUD displays similar dynamics attempting to pullback. All these suggests the EUR might make recovery attempts in the coming week. Look out for entries on lower timeframes with proper risk management.
Long
by DennisDims
Is that the bottom on EURUSD?The main questions that we get right now are if that's the bottom and are we going to see a reversal. The downtrend is really strong and we're expecting to see a breakout of the 1,0000 level. Right now, we're in a pullback and we would expect to have more selling opportunities once it ends. Such opportunities would be if price manages to push higher to around 1,0150 and it then reverses. The targets will be again a retest of the lows and also a possible breakout. Therefore, the trend is still valid and we should see a new lower low!
by ForexTrendline
5