two targets 1: 100pints 2: no target just a trailing stop Concerns: the market reverses on monday as I dont really believe that the CPI data really justified a complete market shift fundementally but I am following the trend cautiously stop 100 points Trade rating 4/5
I'm looking at weekly timeframe of BTC chart. I'm comparing 2021 Bull market top with 2022 bear market bottom. Call me crazy but I think a real bottom of BTC bear market was in June 2022/at 17.5K/ as BTC real top of Bull run was in April 2021/at 65K/ Nov 2022 bottom is a bear trap and fake break down like Nov 2021 top which was bull trap and fake break out. I...
Good morning!!! Wow....just wow. What a day yesterday. Caught me way off guard, that's for sure. The CPI report really just lit the markets on fire bringing it back to that upward channel from the October 13th low. A few days ago I was already mentally preparing myself that this market could go touch 4000 or even 4100. I just wasn't expecting to get there so soon....
I'm looking at weekly timeframe. To tell the truth I haven't expected BTC to go lower than June low coz 17.5K was my bottom target as I mentioned in my previous analyses based on my analyses, all history data and more than 100 indicators that flashed bottom signal. Really this time it was different. In any way I think this is the biggest bear trap in BTC history...
A descending triangle pattern has formed on the daily chart of XAU/USD (gold). It now offers an opportunity for a short trade in case of a bearish breakout. The triangle's borders are marked with the yellow lines. The cyan line is where my potential entry level will be. It is located at 10% of the pattern's height below the lower border. The green line denotes my...
Looks like we could get a nice reaction from this breakout support level on the 30 minute T/F. If we see a nice pullback I will take this with a limit order. Let see what happens... Happy trading and happy Friday 🤑
The DXY tracking the USD Currency is currently taking a massive hit while stocks surge on CPI data. Generally, the DXY tends to move inversely with the Stock Market overall and is a good place to find resistance and support levels that are hidden in the Stock Market. (As DXY Finds support, stocks hit resistance; vice versa) Recently the US Dollar Index has taken...
✅GOLD is paining an interesting technical picture But first thing first, the downtrend is over Both the falling and horizontal resistance areas Were decisively broken. However, the price Went up by almost 8.5% in less than a week Without any pullbacks so a correction is inevitable. The price will gpo down into the supply ara below And from there it can start...
This a break out trade on positve CPI News looking for upward momentum trade rating 3/5
trade rating 4/5 looking for a strong move to the downside over the next week looks like the markets are making a downside move and this breakout creates a strong set up I will say I hate to short such a great company even though its a short term trade
Concerns: we could be over extended at this point and in this market the sp 500 could take dive at any moment Trade rating 3.5/5 R:R 3.7:1 Trade18
✅EUR_USD fist broke the falling resistance And now broke a horizontal supply level too And established a second higher high So the downtrend on the pair is over And that needs to be reflected In our bias on the pair which is now bullish And I think that after the retest Of the broken level the pair will grow LONG🚀 ✅Like and subscribe to never miss a new idea!✅
Hello,Traders! AUD-USD broke the key horizontal level In a sudden and powerful move up So we are bullish now And after the pullback and retest Further move up is to be expected Buy! Like, comment and subscribe to boost your trading! See other ideas below too!
If Fridays Impulsive move carries on we should see the EURUSD testing the late October swing high around 1.0050 This would also encourage the GBPUSD to continue higher today as well as the EURJPY higher. If we don't get a breakout higher in the London session, my hope is that we reverse and continue with the previous downtrend possibly after a spike high on...
Much the same as yesterday. The markets are waiting on the midterm elections from the USA. Crypto has also seen volatility due to the FTX / Binance mess. A weaker US dollar will continue to be good for the crypto, precious metals, indices etc. but I am focusing on being long EURUSD and short USDJPY.
✅AUD_USD is going up currently And the pair broke the key structure level Which is now a support, and after the pullback And the retest, I think the price will go up LONG🚀 ✅Like and subscribe to never miss a new idea!✅
These 3 stocks look like leaders, and all are making the same patter. The play is simple, wait for a throwback from the gap and then buy the close above the high. The thing is that as they are all real moovers, I'd try staggering stops. Is the best way I know to manage risk in stocks with hihg volatility. NASDAQ:WING is the first to breakout but with a doji...
hey traders In today's session, we are looking forward to gold for a Selling opportunity if I get a clear break of the level of 1699.800 Trade is executed