A nice sell opportunity. Use proper risk management.
The market broke out of the ascending channel and came back to retest it, thereby giving us an entry point. TP is at 90%.
SL: 1.26782
TP: 1.22931
We're still in the corrective phase, but here's an opportunity to capitalize on. Remember, use proper risk management so that your account lives to trade another day. My entry point is at 80.863, SL is at 81.320, TP is at 78.558 . When the market reaches TP, I will start looking for Long opportunities.
Quick Scalp Opportunity on Nasdaq
SL: 15326.5
TP: 15461.4
A classic technical analysis pattern, which is a descending wedge. The market broke out of the descending wedge and also came back to retest the broken level.
SELL OPPORTUNITY
SL: 114.949
TP 1: 112.537
TP 2: 110.806
Or you can wait for a reduced risk entry after the breakout and retest of the support level (red box).
Will be anticipating market reversal around the TP 2 area.
Well from what I can gather, EURUSD's main direction is bearish. As you can see on the chart, it's on its way to completing the second shoulder of the head and shoulders formation, and it has also broken the red horizontal zone (support that turned into a resistance level) and the red trend line which was acting as an inner channel. Since it has been respecting...
From what I can see on my NZDUSD analysis, it looks like it is on its way to form the second shoulder of the inverse head and shoulders formation. I'm looking to go long once it reaches my purple zone and bounces on the black trend line. My take profit level is at the next upper purple zone, which will be my sell zone once it reaches that point since we're...
