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Structure-trade

US500 3223.4 + 0.53% LONG IDEA * CONTINUATION & FUNDAMENTALS Good Day Everyone A look at US500 starting from the monthly perspective we remain in a bullish rally for third month in a row hitting ( HH ). Coming down to the weekly we broke level 3191.3 support level we could see a retest of this level before we see a continuation to the upside this week but on a larger scale we are still net long on the index. On the daily we broke out of a descending channel rallied up and we are now at level 3236.1 which saw a couple of rejections. S&P500 is still range bound within structure for now bound in a symetrical triangle on the 4H chart waiting for a breakout of structure to confirm and determine direction amongst other things as we are still net long on higher timeframes the sentiment is still net long. lets see how it goes. Good luck and happy trading everyone _________________________________________________________________________________________________________________________ ENTRY & SL - FOLLOW YOUR RULES ON PENDING ODER & SO FORTH RISK-MANAGEMENT PERIOD - SWING TRADE __________________________________________________________________________________________________________________________ If you like the idea kindly leave a like and a follow will definitely follow back and leave your idea & Comment on the pair in the comment section.
ULong
by PULEMokhothu
US30 26633 - 0.21% SHORT IDEA * STRUCTURE BOUND PATTNSGood Day Everyone A look at the US30 INDEX currently trading inside a symmetrical triangle range bound in a ascending triangle and we currently have a bullish flag on the index looking to see a push up as we are overbought on most indicators respect the symmetrical structure and see continuation to the down side with the bears... Good luck and happy trading everyone _________________________________________________________________________________________________________________________ ENTRY & SL - FOLLOW YOUR RULES ON PENDING ODER & SO FORTH RISK-MANAGEMENT PERIOD - SWING TRADE __________________________________________________________________________________________________________________________ If you like the idea kindly leave a like and a follow will definitely follow back and leave your idea & Comment on the pair in the comment section.
UShort
by PULEMokhothu
NZDUSD 0.66141 + 0.57 % LONG IDEA * BREAKOUT PATTERNS Good Day Everyone A look at the NZDUSD pair which is currently trading in a descending channel looking for a push up to retest the structures roof since the pair just broke out of a pennant formation. broke above looking maybe for a retest of this structure then continuation to the upside. any reversal pattens and significant moves to the downside will change the whole trading plan lets see how it goes... Good luck and happy trading everyone _________________________________________________________________________________________________________________________ ENTRY & SL - FOLLOW YOUR RULES ON PENDING ODER & SO FORTH RISK-MANAGEMENT PERIOD - DAY TRADE __________________________________________________________________________________________________________________________ If you like the idea kindly leave a like and a follow will definitely follow back and leave your idea & Comment on the pair in the comment section.
Long
by PULEMokhothu
2
trading a possible formation of "head-and-shoulder" patternthis is a fcpo trading we can actually use the structure formation to involve in our trading...for this example, we can use the formation of the right shoulder as a structure level to short the market...the neckline is possible to be formed at 2300, the psychological and strong support level...a breakout of this level will mark a turn to the downside... resistance : 2367-2400 support level : 2300 this is juz a trading idea, trade at your own risk... pliz like and share...
MYX:FCPO1!Short
by HAIDOJO_trading
XAUUSD 1769.13 -0.08 % LONG IDEAGood Day Everyone Here's a long idea on the GOLD provided the metal holds the ascending channel we are currently trading in. some fundamentals from DAILY FX - link attached GOLD PRICES LONG-TERM: STILL OVERBOUGHT Taking a step back to get some context and Gold prices remain in an overbought state on the monthly chart, largely owed the prolonged up-trend that’s helped to propel prices into this area on the chart. As discussed previously, the 1742.50 level was big, as this is the 14.4% Fibonacci retracement of the post-Financial Collapse move and, for two months, helped to set resistance in Gold. The notable exception during that two-month-range was the high set in mid-May, when Gold prices quickly broke out after the weekly open. But, as looked previously, that bullish drive was largely emanating from an interview that FOMC Chair Jerome Powell had on the US television program 60 Minutes, in which he said that there was ‘no limit’ to what the Fed could do with the liquidity programs available to them. This breakout-fake out scenario is shown in Green on the below chart, as price action merely reverted right back into the range. GOLD EIGHT-HOUR PRICE CHART www.dailyfx.com ___________________________________________________________________________________________________________________________ ENTRY & SL KINDLY FOLLOW YOUR RULES RISK-MANAGEMENT PERIOD - DAY TRADE TARGETS - MARKED ___________________________________________________________________________________________________________________________ If you like the idea kindly leave a like and a follow will definitely follow back and leave your idea & Comment on the pair in the comment section. APPRECIATE IT
OANDA:XAUUSDLong
by PULEMokhothu
US500 2988.4 - 0.33% LONG IDEAGOOD DAY EVERYONE HERE'S A LONG IDEA ON THE US500 INDEX, THE S&P 500 HAS RECOVERED A GREAT DEAL TO COVER LOST GROUND IN THE LAST COUPLE OF WEEKS.. > THE MARKET IS TRADING AT + 2 MONTH HIGH OR SO THE INDEX HAS BEEN STRUGGLING TO HIT THAT 3000 MARK BUT GAINING TRACTION NONETHELESS... > WE'VE SEEN THE FORMATION OF AN ASCENDING CHANNEL ON THE INDEX HOPING THE STRUCTURE HOLDS LOOKING FOR LONG OPPORTUNITIES IN THE INDEX TARGET - 3100 RISK MANAGEMENT PERIOD - DAY TRADE
ULong
by PULEMokhothu
AUD/USD DOUBLE RESISTANCE BREAKOUT|SCENARIO DECONSTRUCTION The strong bullish movement has culminated in the pair breaking out of the strong horizontal resistance, and also of the diagonal falling channel resistance lines. If the breakout is confirmed and the daily candle closes above both levels, then a move up towards two red resistance lines is likely. However, if it does not close above the levels, then, it might return into the channel, or at least retest the minor diagonal support line that is also visible on the chart. In case the breakout is rejected ,the bearish sentiment is then supported by the RSI being close to overbought levels, and also the fact that the pair is generally in downtrend on the weekly. I am slightly bullish biased, but our function is not to take sides but to play the probabilities around the key levels, with the help of patterns and other confirmation giving signals. So we shall wait and see how the situation plays out. Guys, like and subscribe for more updates on the market! Also, feel free to comment.I read and appreciate every comment! Every opinion is valuable for our growing community. Wish you best of luck in your trading!
Long
by ProSignalsFx
8