Hello Traders,
Trust everyone is well. The markets will continue being hevily volatile so lets make sure we are staying present and clear minded for opportunities like these.
Please provide feedback if you wish. My goal with my posts is for you to learn something to apply in your own trading! Knowledge shared is knowledge gained.
@adamj_trades
Strategy Being...
US30 has been very bearish for weeks as a result of the Russia Ukraine crisis and rising USD rates.
From the impulsive bearish movement price has tested a major supporting trendline on the weekly for the third time, sparking a bullish movement.
An inverse head and shoulders was formed and the price broke the neckline, moving higher.
The market is now approaching...
Strong weekly Bullish candle from the previous week. Broke Monthly 1.300 Level. Daily retest of key level. trading above 200 EMA (4hr). Currently retesting structure. I see a few wicks indicating weakness respecting 20 EMA (1hr). Need a reversal signal 30 min , 15 min, looking for entry at last resistance which is now support. Lines up with our Fib Level. Split...
Buyers look towards September month high, sellers await the break of short-term support line for fresh entry.
Overbought RSI conditions favor the Bears’ entry.
While September month top, near $63.15, seems to be on the Bulls’ radar, May 20 low near $62.60 can act as an intermediate halt during the black gold’s further rise.
However, overbought conditions of...
The buyers need a successful breakout above the 1480/85 resistance zone. If this happens, the next main resistance is likely the 1515 level. On the flip side, if the bears fade the current resistance zone, the market could drop to 1465 and potentially to the 1455/50 and 1430 next nearest support zone.
At the time of writing, gold is trading at $1475.36 having...
Strong charts selling on earnings is the new trend this earnings season. Looking for a downside move to 132-131 Lance Ippolito Ceo of TradingCoachLance.com
Just look, study and begin to see.
If you know the rules about Action/Reaction, about the Forks, you have a better sense what potentially could happen when price reaches the centerline, or breaks out of the U-MLH and comes back ("overshoot" - "back to centerline" in pink).
Follow each bar, from left to right...slowly...think about what's going on bevor going to...
Hello all.
Forex basics says that if we are in a uptrend and you have a correction with no new lower low then is a good time to buy, lets see if this idea works. Trade with a SL just below yesterday low.
