i forgot to publish this analysis i did on saturday...
• an inner downward trendline was broken and on the H1 and H4 there were candlesticks that closed above the trendline
• so looking for market to continue going up towards the other downward trendline
CHFJPY has broken out with major bearish momentum
looking for a retest of the trendline and bearish continuation.
Perfect scalp opportunities!
Goodluck traders.
Trade with wisdom.
This pair is pushing down currently towards a level of structure that has been tested multiple times. The Monthly Support Zone(brown) is likely to provide some type of bounce out of this market. Because of that, this is an area that I will be looking at for possible long opportunities when price gets to this zone throughout this week.
Monthly Support Zone-...
Hello Successful Traders,
The stock (DAL) has manifested a volatile move within today's (April 10th) fundamental release. Acknowledging the release (positive), followed by an immediate (almost) bearish movement. To numerous traders, this ideology of direction may be quite concerning as many indicators (approaches) had proved sufficient approval for a movement...
Hello Successful Traders,
The stock (NBEV) has none-the-less manifested a northward (bullish) spike in price action. There is a plausibility to acknowledge a position (breakout) forming within the next couple of weeks. Awareness of fundamentals and current market trends is salient in-order to identifying a proper enter (and exit) point.
Resistance Level 2 -...
Hello Fellow Successful Traders,
The stock (DXF) has had a significant amount of consolidation throughout that previous years. Utilizing various technical approaches, as well as fundamental observations, the stock will (soon more or less) experience volatile PA (Price Action) Levels. Be diligent and consider the prevalent (adverse) risks associated with emotional...
Hello Fellow Traders,
The stock (JCS) manifests a current (or within the next few days) opportunity to transfer towards northward (bullish) trajectory. Considering that the stock has contested previous (all time lows), there is correction imminent.
Resistance Level 2 - (4.65 - 4.85) 20 cent interval
Resistance Level 1 - (3.15 - 3.45) 30 cent interval
Key Price...
Hello Fellow Traders,
The stock (SPI) appears to be experiencing a sudden surge of PA (Price Action). However, the current price is attempting to infiltrate Support Level 1. (Wait For Correction, and Enter the Market Accordingly).
Resistance Level 1 - (7.15 - 7.45) 30 cent interval
Key Price Zone (KPZ) - (5.10 - 5.35) 25 cent interval
Support Level 1 - (3.60 -...
I have found that big round numbers tend to draw out the orders. This has been confirmed by ex-bank traders I have chatted with and my observing the market over the years. I tend to think of support and resistance as zones, not a hard number.
Remember, the only way you can win is if other traders enter orders on your side of the order flow. So the question I ask...
