MESU2020 Long. Great entry point for with 6 contracts.
This is my second short trade today on the MESM2020. $300 profit from the first trade. Looking for a retest of this lower level. Will use proper risk management and see how far we can go.
Triple top short on the 5th wave in the trend on the 30 minute chart
Look for the Gap fill on the pullback NYSE:GE
TVC:DJI Winter is coming.... Classic Double Top with RSI Divergence. We have just closed below the 8 EMA on the monthly chart. We are in a extended trend on the 7th wave and a failed 9th wave. I will be looking for shorting opportunities on the weekly and daily charts. Panic is going to set in and the media is going to love it. This is the set up for the...
Micro AUD/USD Long, Trendline break to the upside on the weekly chart, MACD crossing above the zero line, good risk to reward ratio.
FX:GBPCHF
Lets see what happens at the Weekly 50 SMA. We can find an opportunity based on the reaction we get off of this major level of resistance.
Lets see if we get another push down with a new structure low or some consolidation.
Price has never filled this Gap on the Daily chart and below we see the obvious supply zone. These are very important levels to pay close attention to.
Nice retrace to the Weekly 50 SMA. Also shows nice breakouts on the weekly consolidation boxes. All the bad news has brought price back to the 50 SMA in one week rather than over several months. News is always a catalyst to price action but it still follows the technicals.
PRICE ACTION IS UP ON BOTH THE WEEKLY AND THE DAILY, WEEKLY MACD MOMENTUM IS UP, HOWEVER WE ARE ON THE 9TH WAVE IN THE WEEKLY TREND WHICH IS CONSIDERED TO BE "EXTENDED"... WE DONT LIKE TO TAKE ENTRIES LONG ON AN "EXTENDED" TREND... WE ONLY TAKE ENTRIES AT THE BEGINNING OF TRENDS. SO I WILL HAVE TO STAY NEUTRAL ON THIS UNTIL WE BREAK DOWN PAST THE TRENDLINE IN...