Nice reactions to supply zones.GBPJPY is in a down trend currently and I see good patterns for short setup.
Supply Zone
BTC/USD Weekly Death Cross?Dear Investors and Traders,
Based on my chart, I saw weekly death cross at weekly timeframe. Am I wrong?
Perhaps I wanna wait until 15k or below to entry. I reckon you guys as well.
Critics and comments are super appreciated !
Good luck!
PS: Don’t trade blindly. Please do research at the1st place
XAUUSD WILL SHORT ?As imy last weeks analysis said will will short GOLD until some factors change the market including the demanding of gold in very portential zone found in weekly chart.
NB.TAKE RISK WITH YOUR BRAIN THIS IS NOT ADVICE IS JUST AN IDEAL/CHEERS
POSITION TRADING: BUY LIMIT ORDER FOR USDCAD. TARGET 1.40600TRADE TYPE: BUY LIMIT ORDER
TRADE DIRECTION: LONG
TIMEFRAME: MONTHLY
ENTRY PRICE: 1.33100
STOP LOSS: 1.25500
TAKE PROFIT: 1.40600
RISK TO REWARD: 1:1
ANALYSIS: Price broke the supply zone comfortably and now shall look to aim towards the upcoming supply zone . stop loss ideally placed below swing low.
Follow this thread for any future updates regarding this specific trade.
CAUTION: Trading outcome is Probability Based and could wipe out your account if risk management and strategy is not followed properly. Cheers
SWING TRADING: SELL LIMIT ORDER FOR USDJPY. TARGET 129.550TRADE TYPE: SELL LIMIT
TRADE DIRECTION: SHORT
TIMEFRAME: 4H
ENTRY PRICE: 131.660
STOP LOSS: 133.100
TAKE PROFIT: 129.550
RISK TO REWARD: 1:1
ANALYSIS: Price broke the demand zone / support and is likely looking to aim for upcoming demand zone / support. stop loss ideally placed above supply zone / swing high
Follow this thread for any future updates regarding this specific trade.
CAUTION: Trading outcome is Probability Based and could wipe out your account if risk management and strategy is not followed properly. Cheers
NZDJPY - New Breakout 📉The NZDJPY price touched the daily Resistance Level 🧐
The Resistance Line and Key Level are broken 🔥
so, i predict a bearish move 📉🧐
TARGET: 82.129🎯
...
if you agreed with this IDEA, please leave a LIKE, FOLLOW or COMMENT!
I shorted this baby without telling my VIPs!These are Class C- trades. I design a Class system to differentiate trading setups and their value.
Indeed, I do not trade Class C most of the time, but I do trade them occasionally.
Class C generally don't produce a profit factor of 2 for my final target, so why do I still do it?
Boredom? Maybe
Like to earn some money? Maybe
Seek Trill? NO WAY
Trill seeking I'll do over my PlayStation, VR headset(wishlist) or Casino.
I treat trading as a profession, not gambling!
Analysis of US30 by SMC strategyAnalysis of US30 by SMC strategy. There are 2 possibilities at this moment from my point of view on US30.
The first is to reach the first supply area and react from that point or to reach the 2nd supply area to react from there
As a target/take profit, we have the liquidity area formed by the price area of 3950
Personally, I will set an alert in both supply zones and see how the ptree reacts, if there will be a continuous movement from the first supply zone or if it will react from that point.
Personally, I strongly believe that the price will react from the 2nd supply, but no one can confirm this.
USDJPY-Weekly Market Analysis-Feb23,Wk2My mid to long term bias on USDJPY remains Bullish, however, I'm looking for an Aggressive shorting opportunity for my short term trading plan. I'm waiting to engage the trade at 131.38.
GBPUSD-Weekly Market Analysis-Feb23,Wk2GBPUSD is on a Bullish Trend, however, I'm waiting for a counter-trend trading opportunity and waiting for a shorting opportunity at 1.2264. One of the reason is because it lands within the sell zone and the precise level is due to a more advanced charting technique that I want to keep it simple.
EURUSD-Weekly Market Analysis-Feb23,Wk2EURUSD is on a Bullish Trend, personally I'm waiting for a shorting on the 1-hour timeframe as a counter-trend trading opportunity. I'm waiting for the market to pullback to the Sell-zone area which is marked on the dotted line.
Pre Market Levels are CRITICAL in Day Trading 10X Gains For MeCME_MINI:ES1! AMEX:SPY NASDAQ:QQQ CME_MINI:NQ1! NASDAQ:TSLA
I wanted to share a basic strategy I've been using that has helped me increase my profitability almost 10X
Most people don't know that when the regular trading hours (RTH) markets are closed, the futures markets are running
Generally overnight action during the pre market will set a clear high and a clear low. Those key pivots are hidden support and resistance that you WILL NOT see on the normal chart.
Strategy
1 - Draw the Pre Market High/Low
2 - Use the Fibonacci tool in the direction of the overnight action either Bullish or Bearish
3 - Use the 0.618 Level as the KEY Algo level where you BUY THE DIP or SELL THE RIP
4 - Rinse and repeat - Always have a stop loss at the last major pivot and scale out profits over 25%
Here is a more complete video guide from a trade I took last week:
www.youtube.com
EURCHF potential short setupEURCHF seems to shaping a compressing pattern, which might lead to a potential short setup from a supply zone and top of the compressing triangle.
AUDCAD Trapped on Buy ChannelI personally Looking for buy opportunities at Rally Base Rally on H4 and swing until at lease previous swing high (resistance).
Is XOM a sell for the rest of this week? $110 or below?I have been patiently waiting for a break above $114.16 on XOM. (Typically very even level resistance and support levels are great traps to reverse us the opposite direction of the initial breakout) When we got it we immediately fell below on the retest, leading me to believe this is a false breakout to trap buyers from more volume based on earnings. Additionally, once we started selling above $117, we reclaimed the zone and retested earlier this morning and immediately rejecting all the way back down o $113. If the potential lower high is at $115.84 and can stay under $116, I think there's room to $110 or below.
Fed day is over, have we already had our fun for this week?
