AUDUSD D1 is at key level, and we seem to have a price cap developing on LTF
Monitoring AUDUSD on intraday timeframes to form a price cap. I don’t like the impulsive move on H1 into this zone, but D1 takes precedence and there might be shorting opportunities tomorrow during London session, providing there will be a valid price cap to confirm the end of this trend. However the RBA has not ruled out another interest rate hike for the...
USD Monthly is at at Median Line. It's a very long term timeframe, however it still relevant information for position and swing traders. Then again, line is just a line, and ultimately it's the price action around supply/demand zones which provides the trading opportunities.
AUDUSD D1 - trading near key level. . . . . . . . . . .
EURUSD D1 - getting to get rejected from zone of confluence. This zone could play vital part causing the in DXY to reverse. Other USD pairs including Gold near key levels as well. This week in FX will be worth to watch.
BOs are safe only when the market / sector looks healthy, otherwise it’s much safer to wait for PBs. Second mouse gets the cheese.
Gold is extended and at confluence zone after almost 20% run. Profit taking and bit of a correction or at least at pause is expected. Gold and Silver often have false breakouts, so a last brief spike would not surprise me.
SPX D1 - Price is tightening under 200 EMA. Contracted volatility always eventually reverts to the mean over the time. At this stage it's better not lean in either direction
Another stock that seems to respect median lines and provides good reversal zones for option spreads strategies, especially around earnings next week
SLB D1 –rejection from W1 supply, and from TL. Earnings are coming up.SLB D1 –rejection from W1 supply, and from TL. Earnings are coming up.
OIH D1 – couldn’t hold above SR, reversed on volume.. Unfortunately anything oil related is always risky to short, and options strikes are not liquid enough on OIH
TSLA D1 – still sliding down with the sloping line, needs time to consolidate, good zone to start legging into butterfly.
If SPX (SPY) busts through the flip zone with conviction, it would be a good for the other positions.
AMZN D1: BEOB at confluence of ML, TL and 1:1. Watch for potential entry setups on LTFs
“Discipline is only difficult when you look at it as something unenjoyable. When you re-frame cutting losses and celebrate avoiding a large loss and freeing up capital for a better trade, suddenly having discipline becomes second nature and being undisciplined becomes painful.” ~Mark Minervini~
“Discipline is only difficult when you look at it as something unenjoyable. When you re-frame cutting losses and celebrate avoiding a large loss and freeing up capital for a better trade, suddenly having discipline becomes second nature and being undisciplined becomes painful.” ~Mark Minervini~
“Discipline is only difficult when you look at it as something unenjoyable. When you re-frame cutting losses and celebrate avoiding a large loss and freeing up capital for a better trade, suddenly having discipline becomes second nature and being undisciplined becomes painful.” ~Mark Minervini~
“Discipline is only difficult when you look at it as something unenjoyable. When you re-frame cutting losses and celebrate avoiding a large loss and freeing up capital for a better trade, suddenly having discipline becomes second nature and being undisciplined becomes painful.” ~Mark Minervini~