Short-long
EURUSD…PatienceWait for the reversal. I could see price getting sandwiched in between the 1Hr channel and the top of the Daily channel. I’m going to wait to see which one wins before making any trading decisions today. If I was a betting man, I’d go short, but this isn’t a casino. Wait for the break and catch the retest, that’s today’s plan.
USDCAD SUPPLY AND DEMAND ZONES TO WATCH OUT FOR.USDCAD just broke out of a descending triangle on the 1HR TF. we expect price to rally down to 1.27900 DEMAND ZONE before moving up 1.2700, which is our SUPPLY ZONE. our (POI) is also the 0.618 fib level, and we are looking to short from here.
kindly follow back and leave a comment.
My trading plans for today. Choose what you like the most! 🔥🔥Here are all plans for today, all those coins have really good setups. Instead of giving you 1-2 coins per day in separate posts, I collected 6 setups in one post.
If you enjoy it, give it a like and a comment, so I will continue to do it in the future.
In order to enter in any of this positions with scalper stop loss 1%, you have to wait for price to squeeze to the level or trendline on 5m timeframe, see a base of 5-8 candles ready and look for activity in the DOM.
If you don't know how to do that, just wait for squeezing and use swing stop-losses of 3%.
P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones
Dow Jones Industrial (Fibonacci Analysis - DJI)Base Case:
Given the current macro risks to global markets, I anticipate markets enter the late cycle starting from Mid-to-Late July lasting until Q1 2023 for the oncoming bear market.
Idea:
(Long)
Entry Price: $30,000.00
Entry Date: Late July 22'
Price Target: $36,500.00
Date Target: Jan. 23'
(Short)
Entry Price: $36,500.00
Entry Date: Jan. 23' - Mar. 23'
Price Target: $2,600.00
Date Target: Q1 - Q2 24'
#Bitcoin to 41k then to 13k Hello Padawans,
Just a crazy chart I just tried to catch something. I will publish an analysis asap, needed to develop this analysis.
Anything can happen in this crypto space. Be smart, and manage your risk.
Buy and hold bitcoin. #Bitcoin is more precious than you think!!!
Cheers!
May the force be with you!
33k RESISTANCE!On average BTC moves anywhere from 30% to 50% between support and resistance on the daily, except for the few big moves up or down. On previous consolidation levels you can see how precise 31% is. I believe BTC will be trading from 25k to 33k for a while to form a chart pattern. After it forms a pattern I want to see it go to 19k to confirm my previous idea. Go check it out in the link bellow.
BTC in Rising Wedge You've Been Warned!If we also consider the stochastic relative strength index on the 4-hour timeframe, we will probably fall into the lower band of the channel.
Is the DAX toast?Chart features:
1 - It's a bear market at this time.
2- A clear death cross is seen.
3- Now a parallel channel has emerged.
To become bullish again the DAX would need to get above 14712 and stay above.
Disclaimer: This is not advice or encouragement to trade securities or any asset class. This is not investment advice. Chart positions shown are not suggestions intended to assure you of an advantage. No predictions and no guarantees are supplied or implied. The author trades mostly trend following set ups which have a low win rate of approximately 40%. Heavy losses can be expected if trading live accounts or investing in any asset class. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
Gold @ Crucial LevelDowntrend, now the price has broke out of it, potential upward movement/reversal towards 1950 as long as 1890-80 holds. If this level is broken then price will continue lower towards 1860, 1840, 1825.
WAVE: Wave 1: 2071 to 1896
Retraced almost 0.618 not exactly
Wave 2: 1998 to 1825?
What I am looking to see for NASDAQ, Tuesday 5/10/2022We're again on a key zone and it's hard to tell what market is gonna exactly do. So I have two scenarios that I will share with you.
I) I will BUY in this case :
I will buy in case of a clear break above the zone with enough volume (*) and a clean retrace .
SL : will be updated
TP : next zone ( 12721 )
II) I will SELL in this case
I will sell in case of a clear break below the zone with enough volume (*) and a clean retrace .
SL : will be updated
TP : round number of ( 12000 )
* : Only a strong bullish or bearish candle is accepted.
CAUTION :
Trading is a game of Patience. I don't trade in ranging days and only execute when market has already decided where to go.
Please Like, Share and follow for more Ideas to come
If you have any questions let me know in comments bellow
Thanks for the support
DISCLAIMER
I am not a registered investment, legal or tax advisor or a broker/ dealer. All investment/
financial opinions expressed by me are from the personal research and my own experience and are intended as educational material.
Although best efforts are made to ensure that all information is accurate and up to date, occasionally unintended errors and misprints may occur.
May the Support Zone of Steel Keep The Price of Bitcoin!Currently, we are all aware that we have broken the 50-week simple moving average. The result of such a situation, of course, results in a contact with the lower moving average, so I am talking about the 200-week simple moving average as the target.
But this goal does not have to come immediately.
As you know, we are experiencing negative situations in BTC parity with the crash of global markets. In the event that upward movements begin in the global markets, it is not even sincere that we will break the falling wedge formation that we are currently in.
In any case, I am sure that everyone shares the same wish with me. At the same time, we should not ignore this in the case that there are two separate ABCD setups with different goals in our falling wedge.
The status of the Relative Strength Indices at different time intervals and even the positive inconsistencies in these indices give us hope.
And what's more, we know that the falling wedge formation is a bullish formation, which should not be forgotten.
Weekly Prediction 9-13 May SPX/ES Iron CondorSPX
9 - 13 May
The weekly VIX -> Volatility Index for S&P 500 index
VIX = 30.2
In this we have to standard it for weekly session
30.2 / sqrt(52-> 52 weeks in a year) = 4.19%
My historical product is telling me with 1.5x coficient that the expected movement for this week
E Volatility = 31.69 / sqrt(52) = 4.39%
With this data, from my calculations, when EV > VIX, there were a 89% chance that the market
stay within the bottom and top created with the ranged from the E Vol
So for next week this range for us is going to be
TOP - 4305
BOT - 3942
Lets look into an iron condor oppotunity for trading:
4300Call Sell - 4325Call Buy
3950Put sell - 3925 Put buy
This is giving us at the current moment a 0.29 expectancy
So taking into account from 1166 weekly candles, that 89% of the times the market stay within our top/bot channel,
Our profit margin would be 89% * 0.29 - 11%*1 = 14.81 ROI after 100 trades
Bitcoin is all about the Story Bitcoin is all about the Story .. The massive Vol that the Lockdowns brings will never back.. the only way to take a ride on bitcoin is to wait for news.. the chart is just noting.. millions of fake brake outs..
non stop liquidations due to ppls that thinks that bitcoin going to 70k tomorrow.. the stable base of bitcoin is around 10k to 17k and this probably the way we doing now. im Short anyway.
SPY: Room for upside and then back downWell it looks like the result was as expected. A 50 pt basis increase which caused the market to relax and "price in" the rate hike just like last time. Now we go back up.
The timing of it is a bit sharper than last month. Previously we got a rate hike and needed to wait and entire month before the CPI told us that rates needed to rise faster than expected. This time we will get CPI on May 11th (It will be around 8%).
The fix is in on inflation. You see April of 2021 had very little inflation so the inflation rate of April won't be that different from march since prices have not really changed. In May & June we will start to see those inflation numbers head down (assuming prices don't rise from here) April will have high CPI.
I really do think it all coincides nicely with the blue line I have drawn on the channel and that yellow line which shows Horizontal resistance. We also cracked got above 50 on the 4 hour RSI which usually signals some bullish behavior if temporary. This causes me to feel we are going to stay bullish until around 440 and then once the new CPI numbers come in and everyone realizes we have another 50 pt hike coming in June the downward price movement will come again.
I personally have a 400-375-350 spread expiring on Jun 17th. I plan to add another short butterfly spread maybe 420-375-330 or something a little more conservative like 430-385-340 once we get near 435-440 (I might honestly add both depending on how the chart looks).
TLDR: Some more upside ahead as bulls push this thing, and then back down we go probably aiming towards the 375 support if we crack 400.
Just my art project.
Good luck out there.
BTCUSDTHI guyzzzzz
Bitcoin needs a valid break of the 39100 resistance line to get the uptrend
Otherwise we will continue to be in a downtrend which is likely to see a price of 36,500 given the weekly support line.
This pattern, along with divergence, has given day traders hope for the Saudi trend.
But there is still not enough capital to break the downtrend unless a positive news breaks the equation.
TAKE SAFE