Hi Traders, If we open below yesterday's close. ew might test 404,401 level, watch resistance of 410,413
For my bears this is my current strategy in the immediate and short-term. So far in 5 minute candles my strategy is playing out which is also supported w 4hr view.
FOREXCOM:USDJPY Looks bearish, signal is there we just need a little more follow through and we'll enter a position to the downside.
Hi Traders, SPY ETF has much better price action and set up for day trade if we compare with QQQ ETF Market rallied on Wednesday due to Earning / FED meeting was positive (No change in interest rate) Watch out these key levels of SPY. Support -403.13,396.40,391.63 ( Good scalping area) Big companies are reporting earning hence market will be volatile
Hi Team, We are almost at the Fed rate decision, which is widely expected to see a rate hike that will bolster the strength of the dollar. EURUSD is completing an ABCDE corrective climb within an established channel, and this looks likely to complete just before FED rate decision. We can use this for two trades! The first is a scalp buy up to the larger time...
As of right now the 5 up off the dump looks bearish in nature. Likely an A wave on the daily as part of a zig zag ABC correction and we are now finished with wave B. The C wave can extend past the recent highs and the bulls can flip the 5 up in a HTF wave 1,2 and start a 3 wave off the recent lows. But gun to my head that's not likely anytime soon.
Price opening above the declining 50DMA. 20DMA and 5DMA are ascending, and we have a higher high! Good bullish signs. Possible long swing trade. Intraday levels of interest and targets in video.
In this blog post you will learn what to do when your friends and family think you are gambling by being a trader. First of all let me start by saying this... If you are a gambler (And YES, you should know that!) then this is NOT for you and you should seek help. But if you are someone who is looking at trading as a potential future source of income then my...
-holding above 20 SMA at ~282.70 -building up a flag -gap to fill at 285.65
Closed out previous trade in profit ahead of NFP. Here is my plan to get back in Trade safely!
Hey tradomanics, looks like last bullish move after the fed-protocoll (Seriously... so bearish )... looks very suspicious especially in the market-depth showing absoprtion in form of a lot of iceberg-orders at the resistance. I will give it a shot and go short from here on. What do you think?
Looking to short us30 to weekly support @29950 if 4hr candle closes below 30439
Important zone.. GbpAud Harmonic & Liq. Short Setup.
Hey tradomaniacs, looking at EUR/USD I see a potential move down due to recent fakeouts with trapped buyers aswell as the absorption before (Market-depth). AS long as risk-off continues we might see more dollar-strenght especially after that ridiculous statement by the ECB saying they dont see an upcomign recession as a likely scenario. (lul). However,...
Hey tradomaniacs, previous breakout out of the correction shows nice volume so the breakout looks pretty valid. If the price re-tests the area we can consider to short with a tight stop-loss-level for a good risk-reward. What do you think?
In the screenshot shown, people are buying the dip, causing bitcoin to suddenly spike back up.
Bloom energy is looking good for now. The current downtrend on a larger timeframe looks strong
We are looking at a move to the upside of this long term channel, I would expect to reverse back down within 12 days