3 Long scenarios Fundamentals - General One scenario developing doenst invalidate the other. Would trade one after another if it should happen - or all at the same time. Scenario 1 (Green arrow) Target Next resistance level (level 1). Confluence with the 50% level of a monthly range. Requirements - Price closes above buy zone 1 ...
Overlook If i look at the previous Uptrend of Gold (1976 -> 1980) and our current swing we see the following similarities: 1. Uptrend 2. Downbreak to the 50% of the move 3. Uptrend to the big resistance level (Orange Line) that held price down 4. Engulf of said resistance level but no follow through If Gold price moves like the in the previous swing the...
BTC price currentl moving down towards a big support level that generated the last ATH. I marked 3 Zones where i will buy equally amounts for a long term hold. Target is the orange rectangle (Target Zone). Favorite Zone is Buy Zone 1 as it has a nice confluence with the 50% of the current range and as mentioned above its from where the last ATH (all_time_high)...
General TELL recently visited the bottom of the range and started heading higher in the last months. Planning to take a little position if price should manage to get above "Level 1", generating a new swing and getting above it again. Target: A bit under the 50% of the range SL: I dont want price going lower than the swing after breaking it. Invalidation: ...
Two long trades Plan Its one positon. Where 80% will be closed at the first target and 20% on the second target. Scenario (Green arrows) Target Next resistance level (level 1). Requirments - Close above level 2 - Close above 50% Fib level - Break of the generated swing (generated swing 1) after break of level 2 Invalidation / SL - Fall under...
General EURUSD price beeing rejected by that s/r level (area 1 also in confluence with the 50% Fib. I currently debating if thats the actual range. But for now i will keep it like that. 1. Long (Green arrow) Requirements - Price moves above area 1 and forms a swing - Prices moves down and when passing the formed swing enter the trade Target Former...
General My monthly chart of USDJPY. 50% line of the range in confluence with the yearly open. Price currently reacted to the area 1 resistance zone. I dont feel comfortable shorting at this point so i marked a scenario out under which i would enter a short. Also added a long in case we manage to break through the level. If we should go lower from here i might...
General GBPUSD in an interesting spot. Its under the bottom of the current minor range which is in confluence with the weekly open and its at the 50% of a monthly range. I marked out 3 trades i would take either or all. Be aware that i usually use LTF (such as the 1 hour chart to plan my entries). Meaning the SLs and RR are not completly as shown. 1. Long...
2h time frame. Break, retake of level 1. Buy was on retest.
General FNMAS recently visited the bottom of the range. While i personally would prefered a dip under it - didnt happened yet - we shall see. So far i will stay on the sidelines aslong price didnt break above "Area 1". Another potential buy for me would be if price breaks above the 50% of the range and generates a higher swing. 1. Long (Black arrow)...
General Wheat seems to generate a nasty SFP. It took out the recent Swing High and then dropped over 22%. With the monthly close coming soon i could image it going lower before finding support. I marked 4 Scenarios which i would be happy to take either. 1. Long (Blue arrow) Price moves to the red rectangle (area 1), finds support and "generates a swing"....
Short scenario General Currently we are below the Weekly open which is in confluence with the HTF range 50% (untested though). The orange level is a weekly s/r level. If price manages to break under the green s/r level (level 1). I expect a move down to the 50% fib level of the recent range. Maybe lower. But given the current situation and that we are...
General After years of general rise in price i dont feel comfortable to buy stocks at this point and hope for a retrace. 2 Scenarios under which i would be happy to buy are marked in the chart. 1. Long (Orange arrow) Requirements - Price drops under level 1and retakes it Target Shortly under the $200 mark Invalidation - Price cant retake level 1 -...
Two scenarios. One Long. Two Short. Fundamentals: - Scenario 1 (Orange arrow) Target: Next resistance level (upper red rectangle) Requirments: - retake of first resistance level 1 (red line) - generating higher highs on the 1 hour chart after retake Invalidation / SL: - Fall under first resistance level 1 (lower red rectangle) after retake AND...
One long / One short scenario Fundamentals - TA One scenario developing doenst invalidate the other including my linked BTC analysis. Would take one after another if it should develop. Be aware this one is LTF. Scenario 1 (Green arrow) Target Next resistance level (upper red rectangle ). Recent swing top. Top of the current ltf range. ...