Stellar is an entire ecosystem with expanding potential. Here is something I have positioned in for now. TRADING IS NOT SUITABLE FOR EVERYONE. If you don't know what you're doing... TRADING CAN CAUSE YOU TO COMPLETE LOSE ALL OF YOUR MONEY. Even if you "know what you're doing" you can still experience expensive LOSSES and lessons. You could use a practice...
Audusd is caught in overall channelling. Both buyers and sellers are compelling strong, while the overall channel is in sellers territory. It is hard to know which side should continue trending move, but we can still trade it well. We are looking this trade as potential if price broke through first support level at price 0.72363. Sellers might push price lower...
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I had already highlighted that for buys to be valid, price needed to break resistance and form a support. Price did exactly this and as support was formed, I looked for confirmations to enter buys. When the bullish 15m candle broke the high of the previous 15m candle which was our formation of support, I entered the trade. My stops were below the current 30m...
Price broke support and created a resistance on smaller timeframes allowing us to enter sells, we secured our entries at 12 pips and moved stops to BE, price then retraced and would be in heavy drawdown if we didn't secure our profits. So overall we won the trade and managed it to perfection to ensure we didn't get caught out in that retracement.
NZDUSD Parallel Channel | 4.99R
Novonix Limited (ASX: NVX) is an integrated developer and supplier of high-performance materials, equipment and services for the global lithium-ion battery industry with operations in the USA and Canada and sales in more than 14 countries. Bulls Hunting +100% Huge Fractal Bullish Pennant + Targets 1.925 & 2.800 From point of break Fib Extension Targets -...
EURUSD 3.88 REWARD:RISK Risk $3,150.00 Stop-Loss, Pips 31.5 Lotsize 10.000
Hi All! Hope you're keeping well and having a great weekend! Just wanted to share a personal analysis I've made on GBPCHF! Please feel free to comment below any questions you may have! With GBPCHF, I would personally like to see some movement to the downside towards the marked 4hr structure, to retest it as a support for price then to move back and follow the...
$ 8200 retest is highly possible for sweeping the current range low. 8.2K is a minor support imo 6K support probably major refill area for HH Playing cont atm is too risky if the trader hasn't been taken some chips of when we touched 9Keks. If 6K game would flash signal i would definitely play it too. Eventually look for longs from 6Kek(as short on the chart) I'm...
Here is a more in depth analysis of yesterday's published idea. WTI has appeared to have confirmed a new bottom with the EMI after closing repeatedly above bottom support (scripting thanks to @bonic) signaling a heavy buy signal on the weekly and monthly charts. We have to manage risk here. I have place a strong watch on the bottom uptrend support around 1.8 up to...
Setup is pretty smooth and easy to do Green circle shows where i can enter the trade. I'm planning 2 entries in it. ( $77 and $57) Stop Below the ATL I may compound on the way up, if that happens It is not suitable to risk lower than R and risking more than 5R, I have to make an exception because while market retracing i need as much as cash i could spare. I...
I think the markets are pricing that the US-China Phase 1 deal is going to be signed, so the risk-off sentiment is still present. The idea of going short in USDJPY is based on a well-known phrase: buy the rumor, sell the fact (news). Are we going to see the price going down? Who knows, but it's better to be prepared, if the price breaks the support zone around...
Price extended to the highs of $9000, however, was not able to sustain this level as price clearly has been trading sideways around the psychological level of $8000. With singular wicks hitting both the highs and lows, however, the head and shoulder pattern could elude to the fact that reversal may be imminent. Bear in mind that from the new monthly highs price...
Am looking to take a short should the daily candle close within the descending trendline I have drawn in my analysis. Confluence with at least 10 times the price touched 1.13420 levels over the past 2 months and failed to close above those regions. Am looking for the first take profit regions to be at the previous daily candles wicks, and further take profits at...
Explaining why I took this position