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Ever seen a 🐳 w/ a POLKA #DOT tail? DOT/USD 12hr trade set up. Looking to go long if price action confirms $6.80 as support (Entry option #1). W/ a break down of $6.80 I will be looking to $6.44 to see if this level confirms as support (Entry option #2) Most Alts pose a bit higher risk at the moment due to the possibility of Bitcoin breaking down while it flirts with 19.3-19.5k but they also pose a higher reward. Entry 1: $6.80 Target 1: $7.90 Target 2: $8.60 Stop Loss: 4% below entry based on your own risk. Entry 2: $6.44 Targets: Nothing changes Stop Loss: 4% below entry based on your own risk. Never trade with out a stop loss unless you want your swing trade to turn into a HODL position. Should support break down and confirm, I will be looking for another Entry at #2.
BINANCEUS:DOTUSDLong
by jlouvierobv
1
EURUSD: Update & Bearish Bias 🇪🇺🇺🇸 As I predicted, EURUSD has perfectly respected the confluence zone based on a resistance line of a major falling parallel channel and a horizontal structure. Even though the pair remains quite weak the last few days, I remain very bearish biased and assume that the pair will manage to reach 0.9905 low soon. Once it is reached, I will post un update again! ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
Short
by VasilyTrader
5
CADCHF Swing SHORT + 150 PipsWelcome back! Let me know your thoughts in the comments! **CADCHF - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support! Brian & Kenya Horton, BK Forex Academy
Short
by BKTradingAcademy
4
A 3-wave rally on the DAX stalls at 13k ahead of ECBThe ECB (European Central Bank) raised rates in July for the first time in a decade. Today they will raise rates again, and the question is whether it will be by 50 or 75bp. With the Europe likely headed for double digit inflation then the case for a hawkish 75bp hike there. And like they did in the July meeting, ECB policy makers are also likely to express concerns over euro weakness – given it has since traded below parity since. But with Europe staring down the barrel of a recession, aggressive tightening won’t help fix high energy prices. So the ECB is caught between a rock and a hard place but on balance I suspect a 75b is on the cards (as it provided more room to cut when the inevitable recession makes its entry). The 4-hour chart shows the DAX has risen to the 13,000 resistance zone ahead of today’s ECB meeting. It has also formed in three waves which suggests it is corrective, so we’re on the lookout for a potential swing high to signal the end of the correction. Also note that the 100-bar EMA and weekly R1 pivot are in the resistance zone, which adds extra weight to the area. Should we see evidence of a swing high then the initial downside target becomes 12,800 – near the weekly pivot point and trend support, a break beneath which brings 12,600 into focus. The bias remains bearish beneath the 13,056 high – a break above which invalidates the 100-bar eMA and assumes bullish continuation.
CITYINDEX:GERMANY40CFDShort
by CityIndex