Scalp
AUDUSD WEEKLY OUTLOOK 3/28 - 4/2AUDUSD IS AT AN INTERESTING WITH GOOD RANGE TO BOTH THE UPSIDE AND DOWNSIDE. THE PREVIOUS 2 DAILY CANDLESTICKS INDICATE A POSSIBLE REVERSAL HAPPENING AND AUDUSD GOING LONG. IF SO, I HAVE TARGETS AT 0.77400 WHICH IS ABOUT 120 PIPS FROM WHERE PRICE IS CURRENTLY. TYPICALLY MY STOP LOSS RANGES FROM 10-20 PIPS ON THIS PAIR. THIS WILL LEAVE ME WITH ABOUT A 1:8 RISK TO REWARD RATIO. ON THE CONTRARY, IF PRICE PUSHES TO THE DOWNSIDE, I HAVE TARGETS SET AT 0.75200. THIS IS ABOUT 100 PIPS FROM CURRENT PRICE. IN ADDITION, WE HAVE A TRIPLE WICK (CIRCLED IN CHART) THAT HAS OCCURRED REPEATEDLY TO THE DOWNSIDE, REJECTED, AND PUSHED PRICE UP. I WOULD LIKE TO SEE A BULLISH AUDUSD NEXT WEEK, BUT WE WILL SEE WHAT THE MARKET HAS IN STORE.
Week 11: ZSK2021 Bull last pushThis week, especially today (Monday), is a good day to scalp until the price reaches $14.40 area.
Personally I will wait to sell once the price is at Seller area as I am aiming to have a good swing trade.
Here is my setup:
Sell Pending Order at $1440
Stop Loss at $1464
Take Profit at $1322
RRR = 4.87R
Let me know if you have a different idea, we can discuss it in the comment area below.
Have a good trading day ahead.
FTM weekly swing scalp reversiontes ago
Camarilla pivots and CPR on weekly levels. It will likely test the developing purple pivot around weekly close. Because carful if targeting there instead of simply selling because todays price action could alter it to retrace from lower point. average in method might be safer. Also if bearish can wait for weekly close and sell when it tests the new weekly pivot as it likely will.
PLTR Downtrend reversal, awaiting confirmationPotential swing trades & scalp plays coming soon for PLTR.
Potential scalp for XAU/USD retracement?Once again, glad to say the previous analysis played out according to expectations! XAU/USD is still very much in a bearish market structure, with next major stop at 1570 for swing traders. For intraday/scalp traders there is a potential for an upward movement with take profit at 1740. However, it may be a good idea to keep an eye out on the 1723 level. What are everyone's thoughts?
Long scalp idea ($51,111 target) Weekend price action (BTC)Good afternoon traders,
Just wanted to share with you my current thoughts on the market going into the daily close at 7pm EST.
Long scalp, target $51,111. (from there either take profits and sit out or trail stops in profit)
Please get this technical analysis to 30+ likes as it helps new traders find my page! 👍