It seems like we might get a short term correction on NZDUSD There is high odds for a correction if we get a close below the daily support trendline around 0.71115 (20.01.21). It might make sense to go short on a retest on the weekly resistance around 0.71550. it looks like we have a bigger player building a short position and might be ready to finish up before...
Sterling is still displaying a degree of resilience on BoE rate recalibration grounds due to Governor Bailey’s NIRP push-back yesterday, but also on a slightly more positive note from UK PM Johnson who claims to see signs that national lockdown is stemming the pandemic spread. Cable has rejected 1.3700 again, but bounced from sub-1.3650 lows after a temporary...
when the market makes a new impulse and pulls back it is said to be operating in a range. within the range we observe internal liquidity formed within the range and external liquidity resting on the tips/swing points of the impulse. as the tape winds the market prefers to make attempts on internal liquidity followed by external liquidity or vice versa and the...
Fundamentally there is a rush into dollars because of new swap lines to other countries and government handouts. Another supply issue imminent?
XAGUSD WILL PROBABLY TRADE BETWEEN 15,33 - 15,03. I HAVE A BEARISH BIAS!
XAUUSD WILL PROBABLY TRADE BETWEEN 1728,36 - 1705,35. I HAVE A LONG BIAS!
Into 50% of range below Back above current range low RR not favourable so looking for dip down into range low for buying opportunity Range high first target Will look to add once initial position taken
Hello guys, I found a good opportunity. Just want to tell you to wait for the downtrend confirmation, so we don't get fooled by a zone breakout.
Hey traders!! Couple days ago I posted my idea of bitcoin re-testing $8600-8400 zone before heading towards 12k. I'm changing my mind for the time being.. I'll share bunch of thoughts that are going through my mind right now.. What if market wants "orange box shorts" to suffer and liquidate more people? What if we are going after traders who opened shorts in...
Seems like a completely different perspective to traditional daily charts. I think the pattern is easier to digest here. Either it's continuing to repeat the fractal in smaller size, or it breaks upwards if there is growing volume. I don't see a growing volume so far...
Tesla is considered to be a volatile stock and it's showing just that when it gets the chance. Even so, it does tend to range and respect certain levels; rallying impressively but falling hard as well. The latest decline started near the area of the all-time highs around $380-$390, peak levels that were visited 4 times during the last 2 years. This time, the...
My momentum, momo stoch and stochastic etc. indicators/oscillators shows a very strong sign of overbought in the pair and a start for a downward trend. Highly overbought If it does broke the support it is a good entry watch for days range it could affect your s/l, t/l & t/p. Breaking it's chart atr the pair is highly volatile and overbought and AUD cs is highly...
Hey guys, just a quick update and short-term-perspective of BTC! It`s getting exciting! Cheers and good trades Irasor Wanna see more`Don`t forget to follow me for daily ideas and posts!
The first chart of Bitcoin I posted was was an overall look at the speculation bubble that BTC was and still is today. For FY 2018, BTC/USD is on a downtrend. As Indicated in my handle, I'm a fan of the Fibonacci number sequences in general; however, I formulated my own "compacted" version of the sequence using units of measurement of "100.00" rather than the...
From bigpicture, We estimate this product : Range - high stability of force Major resistance - supply zone 87 - 90 Major support - 76-80 We like to play short in supply zone, long around major support zone, by wait to see price action-pullback signal in zone For short term trading, Use support + offset as SL (in case of long) Use resistance + offset as SL (in...
Here's a quick lesson on how to look at trading ranges with TSLA and FB as an example. Expansion to contraction is an excellent tool to help you go a little further on your trading journey. Learn more by joining the CTP Group. We will teach you how to use charts to do a top down approach on any stock in under 5 minutes just for joining. Look to get 1-4 emails...