This is the perfect time to update my chart after coming off of a USDJPY winner. Price is in an uptrend. Notice how the exchange rates are increasing at each high and low. No trend lines or support and resistance are needed to identify trends but if thats your thing go for it! So to get back into the trade I'm setting a buy limit order. A buy limit is a...
A nice place to buy SPY may be at the triple confluence of the .236 retracement, upward trendline and previous pivot high. A pause or bounce at that level might make a good entry for another leg up.
This analysis is based on the fact I'm a trend follower. The setup of this pair is as simple as it can get. The first thing to notice is the ease of identifying the price in a downtrend. Secondly, the estimation zone can easily be plotted. Finally, there is no confusion about what price is done on the weekly or daily timeframe. This is what I love about the...
Looking at the chart above, i can see the bullish momentum is yet to cease and can see price pushing into the 1.22500 region
The BTC price have been in a downtrend since its peak, early November 2021 at a price high shy of $70,000 US Dollars. Since, price had decreased 50% plus to a local bottom around $33,000 US Dollars, Late January 2022. Followed by a relief rally with a peak around $48,000 US Dollars, Late March. For then continue its downtrend to the support area around the...
JSE:SHP might close this week below the 200 dMA. I don't hold anything trading below this level.
EURUSD long has alerted. Trend trade identified and entered. Working 2H timeframe on this strategy. Trade details can be found on the chart in printed label. Working to TP3 on this trend scalp trade. Trade box is tracking the trade. Want to know how I identified this trade you know what to do. Thanks for looking Darren🙌
I have a trade alert for CADJPY. Trend trade identified and entered. Working H1 timeframe. Trade details can be found on the chart in printed label. All the TP values same in label as that's what I'm aiming for on this strategy. Trade box is tracking the trade. Want to know how I identified this trade you know what to do. Thanks for looking Darren🙌
SHIB dumped 70% (purple price range) after the bear Supertrend Ninja - Clean signals (red vertical line on the background). Now there is a bull signal (green vertical line on the background) indicating a possible bull run to around to 2000 sats (0.382) or 2800 (0.618)) forming Wave 4. Which is about 143% (orange price range) possible gain. SHIB is still below the...
Being conservative in approach means there is a chance for you to miss your trade. The Bullish Bat and AB=CD Pattern retest price could go as early as 135.02 a much more conservative trader might wait as far as 134.06 before engaging the trade. This is a perfect example for you to decide on your trade plan. Engaging early could be that you have a higher chance of...
Basic idea of trading a trend and keeping the daily range in mind when trading.
There is a probability of Shark Pattern on the daily chart of Nifty50. We have seen a rapid up move in the past two weeks and this week also nifty opened on a positive note and might see some more upside in the coming trading sessions. Though the Nifty 50 is coming close to a major supply zone and we might see it either halting or a sharp correction from...
Rules : -If price break Point 2, 4, or 6 cancel the setup -Price needs to break Point 1, 3, and 5 to confirm the setup When price reach the 100FE(BLUE BOX) it normally does a pullback or reversal The market can Truncate
STXWDM fund tracks the performance of the MSCI World (Developed Markets) Index in South African Rand - Price has retreated to the 200 day moving average and area of major support - This is an area of accumulation if you believe the trend will continue... -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial...
i just forgot to post the chart but I think it can have good UP trend after touch the 114.683
What's going on traders. This is a great example of my entry model playing out over and over again. the things to look for : 1. range 2. initiation 3. mitigation 4. continuation We follow the trend till it ends and squeeze the most we can out of the market. Happy Trading!
We are using our trend following EDGE strategy for this trade. Entry details are shown on the chart. Working the H1 time frame here and we're only looking for TP3. The trade history can be seen at the foot of this trade idea too for full transparency. In that box every trade is logged and can be viewed by clicking the tabs in the report box. You as the viewer...
Rules: -If price break Point 2, 4, or 6 cancel the setup -Price needs to break Point 1, 3, and 5 to confirm the setup When price reach the 100FE it normally does a pullback or reversal The market can Truncate