AMGN - potential short breakout from horizontal supportbroke horizontal support
Setup:
NASDAQ:AMGN 1D chart
enter with limit order when price pulls back - EP @ low of range
SL above last pullback
TP @ previous lows of Oct/Dec '21
R/R 3.7
⚠️ watch out for potential supports @ previous levels of resistance or support (marked with orange flags)
> 1:1 when hitting first support, 2:1 when hitting second, so trade should be risk free by then
Pullbackentry
⭕️SELL EURCAD at the best place and time 🔥🔰You can see the analysis of Euro to Canadian dollar in the four-hour time frame (EURCAD _ 4H)🧨🧨
💥As it is clear from the picture, it can be said that the price has a Range behavior❗🧐 If the black🖤 ascending trend line is broken and the price stabilizes❗ below this line and then the price pullback❗ to the trend line, we can expect the price to fall to the first DEMAND zone🔻
SUPPLY zone and DEMAND zones are specified in the picture👌
Do you think this analysis can be profitable❓
I hope the analysis was useful for you🤍🌹
📌Please introduce the channel to your friends 🙏🏻
__________📈TRADER STREET📉___________
⭕Best BUY area for NZDUSD🧨🔥 🔰You can see the analysis of New Zealand dollars in US dollars in 2-hour time frames (NZDUSD_ 2H)🔍❗
✴️As is evident in the description, the price after breaking the line has had an upward trend (black🖤) and pullback (orange🧡) has been rigged. If the price reaches the DEMAND range and also breaks the downtrend line (black🖤) we can expect the price to climb to the first supply zone(SUPPLY 1). In case of breaking the first supply zone(SUPPLY 1) , it can climb to the second supply zone(SUPPLY 2) and with the same conditions can climb to SUPPLY 4🧐❗
The areas of SUPPLY and DEMAND are clear in the picture👌
Do you think this analysis can be profitable❓❓
I hope the analysis was useful for you🤍🌹
📌Please introduce the channel to your friends 🙏🏻
__________📈TRADER STREET📉___________
ACMUSDT | Falling Parallel Channel - Bullish DivergencePrice action and chart pattern trading
> Falling parallel channel correction - Entry @ Pullback
> Target upper parallel channel resistance / SMA50
> 2nd target at key volume profile resistance level
> Stoploss at the lowest LLS bullish candlestick
> RRR: 3:1
Indicator:
> Smart money strong volume support
> Banker chip multiple entries
> Fundflow RSI bullish divergence signal coming out of the oversold zone
> KDJ stochastic bullish divergence
> BBD signal bullish approaching baseline indicating stong uptrend swing
Always trade with affordable risk and respect your stoploss
Bearish Outlook on the US100 NASDAQ100 - TRADE ALERTI see a tall trading range within a Bear Trend on the Daily Chart.
It has hit the highs multiple times.
The DAX40 is dropping , could the NAS also drop . (there is often less correlation, in fact the European indices usually follow the US indices)
I'm going short on the NASDAQ...
BTCUSD Long following a nice pullbackSo far, we've seen a nice run on BTC. And its been a while since I've traded BTC, but as I missed alot of opportunities since last week, I figured tonight would be a good night when I saw that nice pullback. As I am seeing bullish structure being formed, I entered a LONG, hoping for continuation.
Reasons for entering trade:
0.618 Pullback of the last push up
Wyckoff schematic, entry on retest
Entry on predefined POI
As more structure is being broken to the upside, BTC is showing signs of strength for continuation
To be honest, I am not confident that we are going too much higher. I would like to see more structure broken to the upside before I think there is a chance that this could continue up. Even if it does continue up, we will likely see a large pullback to grab some of the liquidity created along the way.
As for this trade, I've entered a low risk, narrow SL trade, so even if it goes against me, not a big deal. If it breaks the fractal AR, then I will set BE and let it run. And if it continues, I'll take partials at the target in the chart, and let the rest run, hoping for continuation.
$UNFI/USDT 8h (Binance Futures) Descending wedge breakout Unifi Protocol DAO broke-out and is looking ready for bullish continuation after a last pull-back!
Current Price= 9.247
Buy Entry= 8.560 - 7.870
Take Profit= 10.877 | 13.305 | 16.295
Stop Loss= 6.435
Risk/Reward= 1:1.5 | 1:2.86 | 1:4.54
Expected Profit= +32.40% | +61.96% | +98.36%
Possible Loss= -21.67%
Fib. Retracement= 0.382 | 0.5 | 0.618
Margin Leverage= 1x
Estimated Gain-time= 3 weeks
Weekly Perspective On BTCUSDA bigger picture on BTCUSD provides better understanding of price action and long-term direction . The third of highest selling price is clearly attracting demand and supporting price . The pair is forming a complex pullback pattern with 1/3 of the highest selling price as the bottom. This triangle's ABCD legs are formed already and currently the E leg down can easily print a low around $7000. Buying those areas with stops below $6200 for 2R-3R targets is a lower probability but good R:R trade set up. Worth a try.
2] How to use Traders Dynamic Index and Complementary OverlayWe here learn to observe the higher time frame 360, and analyse 1D that RSIPL are crossed down parallel. So lower than daily time frame= 540, 360 allows for trend entry at a 360 RSIPL and 'TSL initial cross down for max profit.
On 180 as on 360 allowed for entry using the RSIPL/TSL crosses down. Also observing Phaser very near price as it 'pushed' priced down until price could breakout Phaser which had much importance.
Price breakout of black Midline meant clear reversal and price retraced to it for support with target being HighPhaser or Fibonacci retracement tool for extension target. Entry for this retracement was possible by means of the countertrendline cross.
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