Mayvune

Mayvune Updated 

The Entry here is not final put quite good for the start - it's based on the oversold Momentumpeak (2nd panel) and old S/R on the Daily chart which gives a semi good Entry based on S/R Horizontal Levels The Goal is basically 2h Resistance of this Breakdown

Mayvune Updated 

On this 2h Setup we have found a nice Inside Bar - Blue Candle aswell - followed by strong entry bar the confirmed Reversal here The Goal buy as low as possible in the Blue Candle Range. We Have 3 Resistance Points on this Setup in the upside area: 1: 1.32223 2. 1.32381 3. our Final TP area of 1,32525 we could take some off at previous Resistance Points like 20%...

Mayvune Updated 

A retrace of this nice Push is needed - we see overbought conditions (2nd panel) our Target is quite modest and the SL is simple a new High

Mayvune Updated 

The oversold Momentum Peak (2nd panel) gives a good bottoming signal while we get Reversal signals aswell (blue candles) followed by the valid Reversal (z) given this setup is quite profitable is fair to use over 2% equityrisk. The SL can be a new Low or the low of the Blue Candle

Mayvune Updated 

After this breakdown Support/Demand is holding "for now" - on lower TF there is a nice entry setup so it is quite good to long this support level Still clear long singals are missing not risking much on it

Mayvune Updated 

Support Level is holding at 0.76 area while we have Oversold Momentum Peaks (2nd panel) followed by a nice Blue Canlde (potential Reversal) -> Grey Candle (Trendless) most likely turned into a confirmed Reversal!

Mayvune Updated 

It's a quite good R/R on this Neckline resistancet in my opinion while the Risk is not that much but the Reward quite okay and possible. The Volume Profile suggests the Resistance is good defended. Not that great with words, so i make an update to form my thoughts on this properly.

Mayvune Updated 

Bouncing of the POC (Point of Control of the Volume Profile) - while leaving just wicks below it. Also we are having a quite nice Inside Bar hopefully follow by a strong Entry Bar to give it some momentum. (candle not finished yet - so the position sizing is not final -> update will follow) TP1 at previous resistance of 4020 and the final TP area in the upper...

Mayvune Updated 

The previous trade didn't go as planned, so why not another try! With higher lows and generally good Candlestructure the trade looks very promising, Ideal entry would have been 1.29 (still open bids). The Entry should be around the Blue Candle ( H: 1.30512, L: 1.28737) where it shows strong buy support The Final TP area is around 1,47499, but taking off up to...

Mayvune Updated 

A clean setup: Rejection wick on the POC with a "H" (High Volume Label) Atleast 1:2 on this trade is my guess.

Mayvune Updated 

Again a nice setup here: - Blue Candle + CR UP (green candle which i personally don't like very much - because it's mostly a fomo toppish reversal) -> so some bids plcaed inside the Blue Candle range (100.677 - 100.856) - Strong Inside Bar on Support followed by this strong Entry Bar Given this Setup has a potential Successrate of 42,6% and R/R 2.98 = optimal...

Mayvune Updated 

We have a really nice entry bar here on the 2h - a good spot to long and TP1 at previous resistance at 1.33101 and finally at 1.31589

Mayvune Updated 

The Blue Candle is a really good entry - given the fact of a nice Bullish engulfing the probability is quite high for more upside here given the probability of success and r/r equity risk can be up to 2,5%

Mayvune Updated 

The Point of Control is a good entry for a short term bounce Target might not be reached but a small profit should be there

Mayvune Updated 

With the 4H Blue Candle + Confirmed Reversal (CR UP/O) showing a strong buying intrest in this area. The goal: buy as low as possible in the Buy area to start off with a nice solid position. Given the current setup of a success rate of 43,91% and the R/R of 4.73 a good Equity Risk is 3%

Mayvune

Accumulate a position around the 0.0004 mark or lower where it shows strong support - this should be a longer trade so target might hit end of the year or later be prepared for it.

Mayvune Updated 

A nice trade in sight on the Wick rejection strategy: most common is 1:1 but 1:2 is also quite possible depending on the momentum. Once position is good in favour move SL to B/E with some pips profit and let it run or bust.

Mayvune Updated 

While holding the horizontal level the oversold Momentum Peak (2nd panel) is showing a nice spot for an entry around this price level. Given the Candle Structure Oil might be looking quite good for some more upwards Movement. - The deviation of the lower Band is showing a strong deviation and good "bottom" given the avg Dailyrange (14) of $1,63 the TP area...