RonnyNilsson

RonnyNilsson

Morning traders! ☕ My plan today...I'm interested in GBPUSD shorts. 4H broke structure to the downside yesterday during NY open, 15M structure is bearish with a series of mitigations and relatively equal lows with liquidity below, which I'm planning to target for my first TP. I'm personally monitoring for trade entry on 1M timeframe, where we got a change of...

RonnyNilsson

Hey traders! Ok so here is what I'm looking at going into London session today... GBPUSD reacted from origin supply on 15M. Confluence with 4H supply. I took a long trade into this zone yesterday, which hit TP pretty quickly (wish all trades were that easy haha). Here and now...looking for shorts after a pullback into premium of this bearish drive and the last...

RonnyNilsson

Hey traders, FX:AUDNZD recently tested demand above the recent pivot high and failed. But in the process, stop orders in that zone were triggered, which qualifies as manipulation in my book. We then got a strong drop, formed a short base and continued down breaking structure to confirm downtrend. The base is a nice supply zone in itself, where I expect...

RonnyNilsson

Hey traders, nice setup is presenting itself on FX:EURGBP . As you can see, on Friday we got a bounce off a trendline on the daily chart. And on the hourly chart, we can see an ascending triangle with a nice role reversal level. I'm looking to enter on a hard retest. Fist profit target being the 0.863 local high and main target the recent swing high at 0.874.

RonnyNilsson

Scanning through higher time frame charts, NYSE:DAL caught my attention. The stock has been beaten down with the whole industry due to the Covid pandemic. Shares sold off heavily in February and March 2020, dropping about 70% from pre-Covid levels. Bottom was established on 14 May las year at $17.51. Since then though, the stock has been in a relatively clean...

RonnyNilsson

ZM (Zoom Video Communications Inc) was one of the companies that benefited most from the Covid pandemic. Revenue literally quintupled during one year and stock prices soared up to all time highs of $588.84 in October last year. Buying interest has faded since then, stocks currently trading 27% below these highs. The local low on 12 January was almost 44% below the...

RonnyNilsson

❤️‍🔥 DraftKings: The Future Looks Good ❤️‍🔥 After rallying more than 40% since the start of 2021, the question comes to mind if $DKNG (Draftkings Inc) is getting overbought. We have seen many other titles in the consumer/technology space cool off significantly. But DraftKings seems to be going up without looking back. So if you're long as me, should you perhaps...

RonnyNilsson

I believe it was Baron Rothschild, who said "the time to buy is when there's blood in the streets." And Warren Buffett famously said "be fearful when others are greedy, and greedy when others are fearful." BA stock has certainly been beat down, currently sitting at -56.3% off it's highs in February and March 2019. Not an easy two years...let's recap: The...