Silver Bottomed Out?Major range drawn on the Hourly Time Frame.
Buyers has managed to get sellers to give a massive discount, at the Major Support price level of as drawn on the Hourly Time Frame(level is obvious, look at the Hourly Time Frame).
Sellers testing the water at raising prices bit by bit. Would the buyers bite? I am not sure.
I bought in based on the signs of buyers trying to get in cheap.
1034SGT
03062024
Add : Going for 1.59R TP
Swingtrade
Forex ICT short setup GBPCAD👋Hello Traders,
Our 🖥️ AI system detected that there is an H4 or higher timeframe ICT Short setup in GBPCAD for Swing trade.
Please refer to the details Stop loss, FVG(Sell Zone),open for take profit.
For more ideas, you are welcome to visit our profile in tradingview.
Have a good day!
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ICT Short setup H4 timeframe SOLUSDT👋Hello Traders,
Our 🖥️ AI system detected that there is an H4 or higher timeframe ICT Short setup in SOLUSDT for Swing trade.
Of course SPY is in up trend in Daily chart, so this is a retracement trade for reference.
Or you could consider to buy SPY after reaching the demand zone marked on chart.
Please refer to the details Stop loss, FVG(Sell Zone),open for take profit.
For more ideas, you are welcome to visit our profile in tradingview.
Have a good day!
Please give this post a like if you like this kind of simple idea, your feedback will bring our signal to next better level, thanks for support!
TFEX S50 : Swing TrendTFEX S50 : Swing Trend
Case Study : Entry short when the price moves up to the resistance level and makes a Reversal Pattern.
When the Minor Trend returns to Down Trend Bias, aligned with the Primary Trend, it is the entry point for a Short Position. So can take profit at the support Poc of Regression Trend Line.
GBPUSD Bearish Reversal: Key Sell Opportunity Ahead!Greetings, Traders,
Currently, on the H1 timeframe, the price is indicating a potential reversal. We have observed a market structure shift, suggesting that the internal structure has turned bearish. With this information, we focus on premium points of interest, such as the H1 bearish order block that the price has tapped into, which aligns with the Fair Value Gap (FVG) that has been completely filled. This confluence suggests looking for sell-side delivery towards the daily FVG, which serves as our draw on liquidity.
Kind Regards,
The_Architect
WheatUSD Oanda Buying Breakout Trend ContinuesRealising my folly from my previous trade, I recognised my faults.
Recap -
1st - I traded with the Higher Time Frame and Entry Time Frame Trends, but I am actually entering on a opposing trend against the Lower Time Frame, and that is why the price never move in my intended direction after hours.
The opposing trend movement is also a sign that price is tanking, and that the Big Boys might not be into this product anymore.
2nd - Trade Breakout Trends was my thang. But I subconsciously/consciously shifted my setups to Trend Following which is to buy high and sell higher. Low winrate, needs to gather a ton of trades before the results show, stressful way to trade. I recognised my fault and now I shifted myself back to Breakout Trends.
I would like to add on also that, I would see this as a price game instead of a time frame game. But I also recognise that 50/60MA on the 15Minutes Time Frame is very powerful, and I called it Duck Hunting and I would be hunting ducks again, on the 15 Minutes Time Frame.
Would I trade on the 4H Time Frame or the Hourly? It's a price game so as long as the price is right, and it aligns with my point 1 and 2, I would.
2019SGT
22052024
Riding the Trend on CH20CHFBought as I recognised the strong moving trend of CH20CHF trending on the 6EMA discounted price zone.
Despite multiple small "sellers" selling, price continued to trend upwards, and strongly.
Currently the buyers want the CH20CHF, so I bought some too, in hopes of selling to the next Big Boy Buyer.
Both TP at 1R. It isn't exactly 1R for me in terms of dollars(SGD), its more of like 1R = 28$ +- SGD, and it is fine.
1418SGT
21052024
Buying HK33HKD Oanda On An Up TrendRising demand for HK33HKD over several days on the Daily Time Frame based on the 6EMA.
I bought HK33HKD on both my FTMO 10K Challenge Phase One and on my Oanda Main Account.
Discount offered by seller at 6EMA on 4H Time Frame.
Initial SL set is wide, because I want to give myself more time if I am losing, to decide if I want to exit for a small loss or win instead of having it as a full blown 1R loss.
By setting my SL wide initially, my risk per pip becomes significantly smaller.
Besides, I am risking about 10% per trade(based on my previous account size).
If all is well, I will start trading 50$ SGD per trade next month.
All is well = My account size reach 1k SGD(currently sitting on 906$ SGD) and that it is a new month.
0950SGT
20052024
Feeling groggy.
Add : Now, instead of analysing the Daily Time Frame, first. I analysis the entry time frame first. Why? Because over the years I realised that i missed out on alot of opportunities that are better than the ones I am waiting for, because I analyse my watch list selections on the Daily Time Frame first.
By doing a top down analysis, I miss out on strong trends that are not visible on the Daily Time Frame, because price could be in a range on the Daily, but it has yet to reach the Daily's Major S&R levels. And so, the trend on the entry time frame is tradable, but I missed it because I have already eliminated it during my selection phase.
TLDR So, I am doing a bottoms up analysis from now on because I am missing out on trending opportunities on the lower time frame that is not visible on the higher time frame.
0954SGT
20052024
ETC Long - Wave 3 has potentially started. ETC is one of ur favourite tokens. Although it has so far underperformed against other alts, it respects technical analysis to a tee, allowing us to trade it profitably and hold it with clear invalidation points and targets.
We believe we have completed a wave 2 retracement to the 618 where the major 23$ support lies. Now we're looking for a wave 3 expansion which will be confirmed by taking out the 40$ high. We are inclined to believe that this expansion will outperform and reach the 2.618 as opposed to the 1.272 or 1.618.
Moreover, this looks to be a major wave count that could truly bring ETC well OVER 100$ potentially to the 786 high to low and maybe even to ATH.
However, if you know us then you know we play it level by level and that's what we are doing here also. First target 40-45$, invalidation point would be the break of the 23$ support which in our opinion is the most important level on the chart.
Citigroup is looking like an obvious buy!🔉Sound on!🔉
Thank you as always for watching my videos. I hope that you learned something very educational! Please feel free to like, share, and comment on this post. Remember only risk what you are willing to lose. Trading is very risky but it can change your life!
Citigroup is looking like an obvious buy!🔉Sound on!🔉
Thank you as always for watching my videos. I hope that you learned something very educational! Please feel free to like, share, and comment on this post. Remember only risk what you are willing to lose. Trading is very risky but it can change your life!
One last Bitcoin Swing Trade before bears takeoverBitcoin (BTCUSD) Weekly Forecast: May 11th - May 13th
Overview:
As we step into the week ahead, Bitcoin continues to exhibit signs of a bearish flag formation on the weekly chart, indicating potential downside momentum. The analysis considers a series of wave counts (a through e) within this pattern, with stochastic indicators showing a hooking pattern, suggesting a possible bearish turn in the short to mid-term.
Market Analysis:
Bitcoin, often viewed as a risk-on currency, shows correlation with the S&P 500 market. Notably, the S&P 500 displayed a bullish harami pattern two weeks ago, hinting at further bullish momentum. This suggests a possible upward movement in the S&P 500 towards the 5600 level. However, specific levels are not set in stone, and future rate cuts expected by Q3/Q4 might push it towards the psychological level of 6000.
Bitcoin Forecast:
In the current scenario, the outlook for Bitcoin is bearish on intermediate and long-term time frames. There's a likelihood of a double top formation around the 73,000 to 74,000 range. While there's a slim chance of surpassing the 80,000 resistance, the more probable scenario is a correction around the 73,000 level before a larger systemic risk-on crash.
Long-term Projection:
Bitcoin is expected to reach 72,000 to 75,000 (plus or minus 1-2k) before a significant downturn. A systemic risk-on crash could drive Bitcoin prices down to the high 30,000s or lower by early 2025.
Conclusion:
Given the bearish flag formation, hooking stochastics, and the anticipated performance of the S&P 500, Bitcoin's outlook for the coming week is leaning towards a bearish sentiment, with a potential double top formation around 73,000 to 74,000. However, the overall trajectory suggests Bitcoin's correction might be a prelude to a larger systemic downturn in late 2024 or early 2025. Traders are advised to proceed with caution and closely monitor key levels for potential entry and exit points.
A US stock Long setup👋Hello Traders,
Our 🖥️ AI system detected that there is an ICT Long setup in PM for swing trade
Please refer to the details Stop loss, FVG(Buy Zone),open for take profit.
For more ideas, you are welcome to visit our profile in tradingview.
Have a good day!
Please give this post a like if you like this kind of simple idea, your feedback will bring our signal to next better level, thanks for support!
$SLI Descending Broadening Wedge Formation Swing TradeHello, traders! Today, we’re diving into an interesting setup on AMEX:SLI (Standard Lithium Ltd), which has formed a Descending Broadening Wedge. This pattern is typically considered bullish and suggests a potential reversal from the current downtrend. Given the broader context and AMEX:SLI 's fundamentals, this could be the start of a significant long-term swing trade.
Chart Analysis:
Pattern: Descending Broadening Wedge
Current Price:
Volume: Look for increasing volume on the breakout as a confirmation of trend reversal.
Key Observations:
The Descending Broadening Wedge has been forming over the past few months, indicating volatility and uncertainty, but with a bullish bias for a breakout.
A solid breakout above the upper trendline could confirm the reversal and set the stage for progressive price climbs.
Trading Strategy and Targets:
First Target (TP1): The first significant take-profit area is between $3-$4, aligning with key resistance levels and a minor Fibonacci retracement.
Second Target (TP2): At $6, corresponding to a stronger historical resistance and a more substantial Fibonacci level.
Third Target (TP3): Aiming for $12, where we anticipate hitting pre-established highs and possibly entering a phase of price discovery.
Long-Term Target: Should AMEX:SLI break past $12 with strong fundamentals and market support, a speculative long-term price discovery target ranges from $25-$50.
Trade Setup:
Entry Point: Look for a breakout above the upper boundary of the wedge with high volume as a bullish entry signal.
Stop-Loss: Set a stop-loss just below the most recent low within the wedge to minimize potential downside.
Take-Profit: Adjust your take-profit levels to the Fibonacci retracements and psychological price points as outlined.
Risk Management:
This setup, while promising, carries risks typical of volatile stocks. Manage your investment size according to your risk tolerance, and consider using a trailing stop to protect gains as the stock price increases.
Conclusion:
AMEX:SLI presents an exciting opportunity for those looking for long-term growth in the commodities sector. As always, ensure you do your due diligence and keep an eye on sector-specific news that could impact price movements.
Disclaimer: This analysis is for educational purposes only and is not financial advice. Always perform your own research and consult with a professional before making any investment decisions. Happy trading!
Fundamental & Technical Analysis on NDQ100Fundamental : COT report shows a rise in shorts positions continuing the past 3-4 week while simultaneously showing a decrease in longs positions held the past 4 weeks. Net positions also show a large change from 7.8K down to 535, a -88.71% change. Open interest is split between both longs and shorts with neither showing an advantage, over all OI has decreased a little
COT Report : cot-reports.com
Technical : From a technical prospective price action is underneath the EMAs, were getting the 3 EMA cross down the 10 EMA while Momentum is negative, and the Stochastic is underneath 50%
TP/SL : Target around recent lows with a stop above highs
possible good swing trade with small Stop Losswith the way RPG Life Sciences is its support trendline, it can be a great buy for a swing trade with targets easily reaching 1800 and 1950 after that. So the target is nearly 30% gain, then it would be advisable to keep an SL of 10% to maintain a 1:3 trade at the minimum and then it can be further trailed to 1950.