Hey traders, in today's trading session we are monitoring US30 for a buying opportunity around 36050 zone, once we will receive any bullish confirmation the trade will be executed. Trade safe, Joe.
• If the price can be stabilized above the 7475 area, we will see a rise in price, otherwise the price will fall to the bottom of the triangle.
Hey traders, today we are monitoring GER30 for a buying opportunity around 15682 zone, once we will receive any buying confirmation we will execute the trade. remember to use proper risk management especially with the INDICES since their movements are more big and violent comparing to forex pairs. Trade Safe, Joe.
Trade details for current trade are shown on the chart. We are working the 15M time frame on this strategy. We're looking for the green line which is take profit target. Little blue long arrow is entry point and purple line is stop loss. Trade history can be seen at the foot of this trade idea too for full transparency. Second trade of the day for this...
France 40 - Short Order Entry: €5,659.6 TP & RR: €5,569.7 (1.7) Stop Loss: €5,710.8 REASONS FOR THE TRADE Typically this isn't a trade I would take as the RR is less than 2 and I consider those unfavorable. However, the price may form a lower high and I want to take advantage of the action if that is the case. The SL is placed just above the previous high....
General overview - Asia leads FX market and the Western Indices were incredibly boring last week, with DXY, DAX and S&P500 staying in the consolidation. Asian markets continued to advance. In SG30SGD (Singaporean index), you can find some of the smoothest and strongest uptrends. The Singaporean market seems to be relatively strong, along with India, Australia and...
NASDAQ is looking for 50% correction, potential to reverse until the support line 10178 before even rallying up again. Key Trading Plan: i) SHORT from the current price to the support level 10178. ii) LONG if the price breaks resistance level at 11124 ‼️Disclaimer: Please be advised that we are NOT Financial Advisors. We are not responsible for the results...
Based on previous result and still the same trend pattern we are going short again. Last time we didn't make take profit just a few points short.
Based on previous moves and normal wave pattern behaviour of charts this is a great moment to short it again. First take profit at 1 level lower in 2/3 days Second take profit 2 levels lower in 5/7 days After that we can go up again.
I am seeking alternative views and opinions on this. I see a head and shoulder formation forming right after a head and shoulder formation. Current price is positioned at the key resistance neckline of both formations. Let me know your views on this! Iapiew
Hi traders, this is my view on FRA40 the french economy indice. Here we can see a perfect educational market struktur to show how important it is to know the work of fibonacci retracement. Beweent 0.786 & 0.618 Fibonacci retracement is the golden zone to enter for trendfollowing trades. And what does the price? The price on this indice change the direction at...
USDOIL is approaching our first support at 39.86 (horizontal swing low support, 100% fibonacci extension, 76.4% fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 49.62 (horizontal pullback resistance, 23.6% fibonacci retracement). Stochastic (89,5,3) is also approaching support where we might see...