mikas_h

mikas_h Updated 

With both bullish and bearish scenarios in play (for the medium-term)... also giving a consolidation period a look as price action could stay at the current level for a couple of days (or not - monthly close has the potential to make some moves) so establishing a scalping range for the next little bit. Be wary of the circled level as correction we had bounced off...

mikas_h Updated 

The market is at the cusp of very volatile activity. Movement can happen in either direction. This idea is drawn up on the daily time-frame and is a plan for the next couple of weeks. Not much to say right now but will be updating the post if bearish movement is confirmed. For now, I am preparing for movement in either direction, waiting for trend confirmation.

mikas_h

The market is at the cusp of very volatile activity. Movement can happen in either direction. This idea is drawn up on the daily and 2D time-frame and is a plan for the next couple of weeks and should be used in conjunction with my bearish scenario as both are valid. Not much to say right now but will be updating the post if bullish movement is confirmed. For now,...

mikas_h Updated 

This position is contingent on the idea that we may have reached some sort of top. If price retraces I would expect it to at least come down to the green box along with the potential outlined targets. As mentioned in my bullish scenario this could be a bull trap so if the momentum is there this might be the beginning of a bigger correction, will be leaning more...

mikas_h Updated 

Bull trap Warning. Although we've broken through critical resistance can't help but considering this being a bull trap so watch out! Need closures on the higher time frames (at least a 4 hourly double closure above most recent green box to confirm the level). Manage those SLs. Broke through key resistance levels and currently moving to the upside. Today is an...

mikas_h Updated 

Currently at a pivot point where the market could break either way. This is the bearish scenario I am preparing for.

mikas_h Updated 

Breakdown is expected any day but as traders its important to be ready for movement in either direction. As long as hourly (at least) candles are closing above trendline supports I am not dismissing a bullish scenario. This scenario works in synergy with my bearish scenario as the first TP level of the short equates to this entry-level, however since we are...

mikas_h Updated 

This is the higher risk trade imo... many trend-line supports below us so targets are real tight (probably looking at mostly a scalping opportunity - but breakdown could begin any day). Breakdown confirmation would be candle closure (1hrly/2hrly/4hrly) below blue trendline support.

mikas_h Updated 

Currently at a pivot point where the market could break either way. This is the bullish scenario I am preparing for.