Baite

Baite Apr 9, 2021

Based on a head and shoulder formation.

Baite Updated  Apr 2, 2021

Weekly and 4HR Price Action

Baite Apr 2, 2021

Been on trying out the strat and applying other knowledge on price action. Here I try to trade the retest to the upside with a tight stop loss.

Baite Jan 18, 2021

Price seems to have made the high of the week, but use of stop loss key as the week just started..

Baite Updated  Dec 23, 2020

Technicals: Low of the Week expecting likely price reversal Fundamentals:the dollar could weaken further due to the stimulus package talks. Trade Management: Place Stop Loss like 20-30 pips range. TP 1: 10Pips , TP 2: 20pips

Baite Updated  Dec 17, 2020

Technicals: Price action may retrace the previous spike up. keep watch though due to the JPY weakness in the past few days. current support broken.

Baite Updated  Dec 14, 2020

Potential buy opportunity: Technically: Previous support restest possible before further downward. Fundamentals: USD may strengthen slightly before the continued weakness. Always exercise proper risk management as this is not investment advice just a learning opinion.

Baite Updated  Nov 9, 2020

Fundamentals: With US Elections down to the last four states, the results will definitely shake the markets but still USD Comes to a winner. Fundamentally the markets moved up and hence dollar weakens but when the dust settles dollar strength is anticipated. Technically: The price is at a resistance level and been on a bullish run this week. Sentiments: USD...

Baite Updated  Oct 27, 2020

Technical Analysis; A Sell idea on the GBPUSD on the 4HR based on the support and resistance levels with the trendlines. Fundamental Analysis; With the Brexit negotiations not yet concluded we could potentially see a drop before a pump. On the flip side, the USD could experience strengthening before the elections. Risk Management is critical on this pair...

Baite Updated  Oct 27, 2020

Technical Analysis; EU at Resistance level and we expect to spike down to levels below 1.1800 Fundamentals; Euro has had spiked up on the positive German Manufacturing numbers, USD is at a critical point before the US Elections and has been on its low levels a rebound to risk-off may suffice. Sentimentals; The levels of 1.1800-1.1900 have previously been sell...

Baite Updated  Oct 27, 2020

Technicals; Price on downward trend, It has just crossed the 50-MA on both the 4hr and 2hr HTF. But we have our SL on the previous candle high just incase the week ahead opens with a reversal upwards.

Baite Updated  Oct 27, 2020

Technicals; RSI at overbought levels and the downward trend at the critical resistance level. Unless the weeks open on the upward trend continuation we have a great sell opportunity. Exercise proper risk management, here we are expecting a handsome RR 1:5.

Baite Oct 25, 2020

Technically price is at a level where you can only make a move once the market provides direction either upside on break of the resistance level OR downside on the reversal of this level. Fundamentally; Euro is at crossroads which much happening on Brexit and US elections plus the stimulus debate that keeps coming up. hence a wait and see approach for this pair.

Baite Oct 25, 2020

Resistance and support levels on the 4HR if they hold we have the continuation of the reversal

Baite Updated  Jul 30, 2020

Based on the 1Hr RSI and the basic fundamentals around corona virus spike in the US, Regardless of the FED intervention a drop in the index is looming.

Baite Updated  Jul 30, 2020

Trade bias sell setup