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Upcoming week for NQYou can see here that price is currently between a daily support and resistance as MACD slightly on the rise. On Friday price regain a important daily support: Case 1: Price break through daily resistance (black line) buy. You can buy on retest of what would then be support for a conservative entry or on breakout of this same line for a aggressive entry. Personal opinion is I like aggressive entry because I am impatient and I just want to be in. But I still use good risk strategy and I never lose much. It is riskier but also more reward. Overall I don’t think much difference between aggressive or conservative entry by my own backtesting. You can see the Hull moving average right above which usually is a strong resistance/support. So if it breaks through the Hull I would add too a buy position. Case 2: Price loses the daily support it just regained. In which case this is a false breakout. False breakouts often lead to sharp reversals. So if daily support (white line) is lost is would sell. Then see what price does at the first black line (support). If it can’t hold this line we may be in for a bigger drop down 12700 which is a spot I have been eyeing for a while. See previous idas n links. So if price can’t hold support at about 13345 I will add to my short and hopefully ride this down to 12700. I will try to post other ideas this week too if I can. I haven’t been posting ideas as much because I just got a big unexpected promotion at work so I try to learn a new part of my job. But I will hopefully be posting many new ideas again. Thank you for reading. Happy trading! And please give me a thumbs up and a follow 😌 🥰Ms Bunny.
CME_MINI:NQ1!
by UnknownUnicorn11430563
11
BTC SHORT INTO LONG-EWI will be taking a short off of the 0.786 retracement/weekly levels based on a confluence of two Elliot wave counts-on being a c wave of a correction of the impulse down and the other being the end of wave 3 of the impulse up. Therefore profit taking 1 will be quite quick at the 0.382 and I will be waiting to see the reaction at these levels to decide whether or not to enter a long position on a different account. If we fall through this support them my target will be the monthly level and I will take a long off of that level. If we bounce off of the 0.382 (PT1) I will enter a long for the 5th wave of impulse and then enter a short, and then enter a long as this will be part of a bigger impulse move
BITSTAMP:BTCUSD
by maxj1012
GBP/JPY Bullish or Bearish?Good morning traders! This is our analysis on the GBP/JPY pair. First of all, the answer to the title of the post is that nobody is certain if the price will have a bullish or bearish behavior! But what we can do is establish what decision we will make based on whether certain behaviors occur that put the scenario and the odds in our favor. With that said, let's move on to the analysis: 🔸First, we see the clear and marked uptrend on the daily chart. Indisputable. Higher highs and lows within a bullish channel. 🔸What has generated many doubts in recent weeks is the recent behavior of the price, quite choppy remaining in a range, but this happens because the long-term chart is not taken into account and we focus on low temporality charts. ALWAYS look at the big picture. 🔸The current consolidation process, we personally choose NOT to trade within it. We are expecting one of the following two behaviors: 🔸Bullish Scenario: In case we see a bullish break of the resistance zone, we will wait for a correction or retest to look for a trade towards the next resistance zone. 🔸Bearish scenario: In case we see a bearish break of the Support zone, we will wait for a correction or retest to look for a trade towards the Ascending Trendline or the next support zone.
by ThinkingAntsOk
2
Flight Centre (ASX:FLT) Short term proposition Flight centre has been beat down since Covid-19 and as of today is 3rd most shorted stock on the ASX. This acts as some unflattering news for traders however could there be a potential upward movement? From my charting line i was alert today that FLT has seemed to touch and rebound on its support level after its 5% drop due to bad returns which personally indicates a bullish idea as despite negative news is unable to break this level. This had brought me to two possible conclusions. FLT will continue to be beat down by the shorts and maintain in sideways movement or FLT will rebound of the support level and reach its resistance level as shown in the diagram.
ASX:FLT
by Mikey_Scali
COME ON BEAR WHALE - ETC İS HODL TİMEIt is no different from etc ethereum. even the guy who wrote the software vitalik is the same vitalik. Don't be afraid to shake it off. Sharks are on hold. Whales are on hold, Special Software says BUY, BUY, BUY Of course, if there are whales that can break them, we are waiting. We are ready to wait 20 years to wait 10 years. If you can drop it, we will buy 2 times as 5 times. States forbid. Until you die Etc. We say. Our team Strong will laugh at those who sold it before $ 1000 because we expect it to come to $ 1300. There are no cheap goods left in this market. Don't be afraid. Do you think it is too low? Take it again. Since this mining system will not quite sink etc, there is no problem. It is definitely not investment advice. I share what I have invested in. I don't go in with all my money. It's Not Time to Fear, It's Time to Fear. Yearly ready Montly ready Weekly ready 3day ready day ready 12h ready 4h ready 1h ready Please scare us Bears :)
Long
by TraderEtc
3
SHORT that BERBthis is the analysis that i had decided to take. I am nowhere near a pro trader and this is just a good idea i thought. there is a head and shoulder pattern which indicates a short position after the long wave that occured. Be careful because of the news as the NZD trade balance will come out and is looking strong, so will cause an slight price increase for a short period (dont set SL too steep). The end of the Wave finished indicated at "E" and then started the pull back indicated by "1", looking for it to carry on shorting. let me know what you think, or what can be improved!
Short
by simonbland
Update $XAUUSD If Gold still strong bullish, She should break the yellow line up (as Chart) If not, Should rebound around the lower yellow line and should not break below the dotted line ( as Chart) IMO Gold should drop into gray area and I will buy more in that zone now I will scalping sell around this zone ( 1777 ) and hold short positions till it breaks up or down of the yellow channel *** Invalid for long if break down a red line #gold #xauusd #shortterm #sell #longterm #buy
OANDA:XAUUSDLong
by theoris
ADA - resumption off or a failed recoveryI’m watching closely here for Ada to keep this momentum on the 4 hour chart it just made a triple confirmation using market lib, potato, and wolfpack Now it’s coming back in to start this 4 hour candle, watching for Ada to play with the sell signal at 1.11-1.12 if it holds u can buy and cut losses after a completed sell signal on the four hour or start building a small short position until a triple confirmation tells us to go balls deep into a leverage short This weekend we either have a full recovery and start the next trip to new highs or we finally get down to the .70 level and test support off the 20 week MA I would love to see a clear signal but we are in No Mans Land so let’s wait for the triple confirmation to tell us what we do. Right now I’m leaning to the short side but I would love to see a rebound!
KRAKEN:ADAUSD
by WalrusFat
1