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Scalptrading

US30 Scalp Trade IdeaUS30 is currently in a range but a clean break and close out of the range during the NYSE open can lead to a quick scalp trade opportunity. The market volume open can push price either to the upside or downside for a scalp trade. I am in favor of the bears due to the overall time, but I am still mindful of the major level of support below. Price could go bearish with the market open but then see a rejection from the support/demand zone below. Looking for a quick 50 point move.
U
by dreadhead4_life
US30 AnalysisUS30 looks like the bullish trend will continue. Price has broken and closed above resistance with multiple candles as confirmation. If price begins to pullback and form support along the previous level of resistance, we can expect for the bullish trend to continue. Since we are currently at midday, you can anticipate for this move to happen towards the market close when more volume enters the market. If price fails to form support and begins to close back into the bearish channel, the bullish setup will no longer be valid, and this bullish move would be considered a fakeout. Waiting for volume to re-enter the market (market close) before considering another entry. 1. Price broke and closed above with consecutive candles outside of the downward channel 2. The EMAs have crossed over which indicates bullish strength 3. If price forms support and rejects the trendline, it can continue bullish to retest the high created.
ULong
by dreadhead4_life
NZDUSD / m15 scalpBased off the momentum and exhaustion shown on the h1 and h4 where it uses the 800ma(h1) and 200ma(h4) as support, along with my pattern trading style where I see the exhaustion shown on the m15 with price outside bollinger bands and extreme TDI, I have entered this trade. In the bigger picture, on the daily, this looks like a retest of an inverted Head and Shoulders. This could take a few days to actually move up on the daily timeframe IF it finds sufficient buying pressure here. My trade however is short term and based on m15. Now let the trade gods smile on my behalf.
Long
by FaithEmmanuel
US30 1H TF Analysis 4-3-22US30 has been trending bullish all month last month and the candle closed with a retracement. There is a possibility that price may range since this is the first week of the month, but there are some scalp opportunities. Considering current market conditions, a low has been formed on the 1 hour timeframe and price failed to break above resistance and formed a lower high which tells me that price can continue bearish to retest the low and possibly create a lower low. Waiting for volume to enter the market to take the sell. If price fails to break below and create a lower low, then we can anticipate for price to range until a catalyst occurs to bring in enough volume to either break below or above. Patience is key. Wait for your setup and trade during a time with volume (NYSE open)
U
by dreadhead4_life
3
Gold Price action Breakdown-Scalp TradeThe trend is currently bearish for Gold, but price has met with support and has begun to retrace. I believe that if price fails to break and close above resistance, we can see more bearish momentum leading into the NY open and probably the rest of the week. If gold does decide to break and close above, we can possible see more bullish momentum to continue the trend on the HTF. This trade idea is for scalp opportunities during the London session.
OANDA:XAUUSD
by dreadhead4_life
3