Scapling
BULL WEEK! EURUSD Long from support + Weekly projectionFriday, price wicked off of the median price from the consolidation zone we broke out of the other week. Daily ATR is sitting at 103pips, Stochastic supports Friday's late reversal, but a little divergence would go a long way..still waiting on that. Scalpers should feel comfortable looking long on Monday. I'm aiming for the 1.06 mark on Monday. It would be asking a lot to see price break into my supply zone this early in the week, I'm thinking a drawback to support is more likely. 1.05 could be a discount price this week, before a late-week surge to the top of the channel, which price has formed on the Daily chart.
SPX500 BEARISH SCALPThis could be a triple top on the 15M time frame if price breaks support (3683.50) look for a nice bearish move to Dec 20 8:30 am Low. The trade is a a 1:1. If price breaks resistance at the top of the triple top structure kill this idea and wait for the next level of resistant at level 3693.
XRP Scalp QuickpostVery quick post. XRPUSD is outside the 4h bollinger band and it has a lot of hidden bullish divergence (higher low on the price action, lower low on the indicator) which behooved me to close my short and look for a move at least to the top of the bollinger band.
Price action has broken the resistance I was using to add to my shorts. This is a relatively high risk entry because I am using a low timeframe and pulling the trigger with little confirmation. There is a slight chance that XRPUSD goes out of my channel but that is basically hopium for me at this point.
My linked post shows my head and shoulders short entry and I made it very clear I was concerned that we would get a lot of under performance. With that background I am long right now. Due to the rapid nature of this trade I hope to have a profitable stop loss or manual close shortly. I hope to continue to beat money out of XRPUSD and buy ETH, which is a marginable collateral currency in Kraken.