Rendon1

Rendon1

These are key targets for OIL short trade. Due to geopolitical situation in US, possible taxes on the Chinese products, and also the technical levels I´m expecting a weakening in the demand for OIL. The targets are key weekly levels, TP your trades partially as always. Don´t let your floating profit to disappear. Final target is at 56 till end of the year. Wish...

Rendon1

As it looks now we need a big correction on indices. The most important level - "point of control" is actually around 20211-20250. This is the ideal entry point to re-buy Nas. BUT, DO NOT ENTER BLINDLY on the entry line. Wait for a retest. Today is Friday, so TP phase can send price very deep. When-if entry conditions are met, I will update this trade. Wish you...

Rendon1 Updated 

I´m expecting this pair will pullback to 0,60, where is the 4H supply zone located. Together with the 1H trendline it is creating a solid resistance zone. Sell this area after a rejection on lower TF(15M), volatility spike and BOS or CHOC on this TF. Eventually you can use also 5M chart for entry. DO NOT ENTER BLINDLY ON THE ENTRY LINE!!!. Also don´t use this idea...

Rendon1

I´m expecting a major breakout towards 20K or a test of 18473 level. There is a volatility squeeze clearly visible on 1D chart. Personally I think that the first move will be a false one and the market will move the opposite direction, so be careful with the entry and do not FOMO. Try to trade the retests combined with CHOC, BOD on lower TF. If-when entry...

Rendon1

Im expecting a correction towards 76K very soon, where is a good opportunity to rebuy BTC. 76K represents the last point of control, from which this move has started and will be most likely defended by buyers. This is not a sell idea, please do not used it like this. Also do not enter blindly at 76K. Wait for a reaction instead, CHOC, BOS and volume spike. Then...

Rendon1

I´m expecting a short pullback to 2737 and due to US presidential election active buyers in this level. If you decide to trade this idea, monitor 1-5M TF for the entries. DO not enter blindly in the entry zone. TP your partially during the way up. I will try to update this trade if-when entry conditions are met. Not guaranteed. If any 15M candle closes below the...

Rendon1

There is a clear bull flag on daily, which will soon broken upwards. The liquidity hunt is happening around 2731 area with zone between 2714 and 2746. So be careful with the entry, do not enter blindly on entry line. Wait for rejection to happen. If-when entry conditions are met, I will update this idea if possible. Check my previous ideas how it works. TP your...

Rendon1

Hello traders, this is my plan for today, gold is actually in 1H supply zone, where it is possible to short it towards 4H demand zone. It is a pullback trade, so please do not enter blindly. I will update this trade, when-if entry conditions are met. Red lines are profit targets. When the trade go in your favor, set SL to BE ASAP. Wish you good luck.

Rendon1

GOLD is entering to the 4H strong supply which is represented by 2650-2660 yellow rectangle. The best way how to enter is wait for a reaction on the entry line at 2655 or even higher. Entry without reaction, blindly on entry line wont work. You will just loose your money. I will try to update this trade when-if entry conditions are met. Wish you good luck.

Rendon1

I´m expecting that this stock is on the way to fall below 18,84 and start move towards 10. However one more aggressive spike at 18,84 is very likely from "averaging traders". So be careful with entry. Wish you good luck.

Rendon1

EURUSD is showing the signs of strenght, however it is a bit tricky and you have to be careful with entries due to FOMC meeting today. On the chart you can see the important zones for this pair, red - weakly demand, yellow daily demand, blue 4H demand. Weakly and daily demand are string (led to the BOS) but 4H zone is weak. It haven´t led to the BOS. If you...

Rendon1

I´m expecting a strong close above the entry line this week and start of the uptrend towards 64K. Enter just if this close occurs, do not enter earlier (because of better price). Set SL after the entry. TP your trade partially. Wish you good luck.

Rendon1

We are in the 4H demand zone with a solid sign of a rejection. Buy it now. If any of 4H closes below the SL zone, cutloss your trade. Wish you good luck.

Rendon1 Updated 

I´m expecting BTC to fall back to 64000-64500 zone where is a good place to rebuy it and target 72K. There is a significant gap created by 2 bullish candles. This gap will be most likely filled and rejection will occurs at the demand zone. If you decide to trade this idea, don´t enter on the entry line blindly, wait for rejection and monitor this rejection on...

Rendon1 Updated 

As shown on chart, this idea is based on reaching the closest daily demand zone located between 19480 as a bottom and 19755 as a top of the demand zone. The entry line is at 50% of this zone at 19624. If you decide to trade this idea, wait for confirmation candle on lower TF like 30M-1H. I will update this trade when entry conditions are met. Do not enter blindly...

Rendon1

Overview GameStop Corporation (NYSE: GME) appears to be in a bearish trend with recent price actions indicating potential further decline. This idea explores a short-selling strategy based on key support and resistance levels identified in the attached chart. Technical Analysis Resistance Levels: $27.78: Major resistance zone, indicating a potential reversal...

Rendon1 Updated 

I´m expecting a reaction at 2317-20 level (bottom of the daily supply zone). If you have decided to trade this idea, do not enter blindly on the entry line. As you see, the SL is tight, it would trigger just after your entry. Wait for price to react the supply zone and monitor this reaction on lower time frame like 15-30M. I will try to update this trade, not...

Rendon1

Current Price: 1.73218 Resistance Zone: 1.7330 to 1.7350 (highlighted in red) Support Levels: 1.7240, 1.7150, 1.7110 (highlighted in red) Overall Trend: Downtrend on higher timeframes (1-hour, 4-hour, and daily charts) Trade Setup Given the bearish trend and the resistance zone, the plan is to enter a short position when the price confirms a rejection from the...