NTES 4th wale?It is highly possible that NTES can go much higher, especially in a longer-term, but from another, bit short term perspective, it is to expect some future drop.
My play is to buy, but S/L will be at 281 level. If the price goes below the same level my play will be buy as well but with a 2:7 R/R
Sl
GBPAUD 4H SHORT TRADEPrice is in between 50 sma and 100 sma.
Price fell half way to 100 sma and returned to 50 sma
Price should fall toward 100 sma
Price at 100 sma will either cross below 100 sma or consolidate sideways
Sell stop below 100 sma @ 1.7795
Take Profit @ 1.7728
SL as shown
If price crosses above 50 sma trade void
Trade the Fibonacci BounceUSDCAD was not able to break through the 61.8 fib level.
A possible trade on this setup is to open 2 small positions, both with the SL above the test of the 61.8 fib level. TP1 at the 50 fib level and TP2 at the support level showed in the graph. If TP1 is hit, move SL on the remaining positon to entry level.
If you have any questions or feedback on this analysis, feel free to share!
Happy Trading!
EUR/CAD PART 4 SL HIT Today but did not lose due to moving stop past entry point. Overall I feel like this is a winning trade, mentally due to sticking to all my rules and trading plan . I personally believe that defence is 10X more important than offence. I am still sticking to my analysis and will be looking for another entry.
EUR AUD on the rise i think. WEEKLY FRAMEWell, strong up trend has been continuing for some time met with some overbuying resulting some downtrend lately. This weeks inverted hammer candle shows a bullish reversal along with the 1.480 level of resistance shows bullish jumps with past price analysis shown with the green rectangle. Price has touched the 20 EMA (red) line and is just below the 50 EMA too (blue)