Trading Smart MoneyTrading Smart Money, some cash and patience is all it takes (:
I have placed buy limits on support levels.
Smart money buys the dip to sell with big gains. It's all about PATIENCE, the market will recover, as always.
No leverage, no short's, just patience
Banks
Ripple(XRP)-4H & D Ripple is very much like moving bitcoin.
The recent decline and outflow of dollars from bitcoin could be a good opportunity for other altcoins to grow
Ripple is one of the currencies that has the potential to increase 10x !!
According to Wal-Alert data this month and the past few days, a large number of ripples are coming out of CEX and circulating among whales.
2022 will be a very important year for Ripple, given the positive news from Ripple courts, the world's banks are gradually preparing to accept Ripple.
Ripple is currently in a correction process inside a rectangle AND below is its down trend line :
Support channel 1 is very important and strong, if it returns from this area, it can start its movement to stabilize above $ 1 and touch $ 3 in a short time.
( high probability)
If it fails to maintain this support, it should be expected to hit support channel 2
(Low probability)
Support channel 1 : 0.8066 --- 0.7690
Support channel 2 : 0.6436 --- 0.6001
good luck
GBPUSD Swing Trade 5R+This trade wasn't intended to be a swing trade, but I had a profit target I calculated that price would reach, so I held the trade and waited for the target while trailing my stop behind to keep me safe. I took the entry off the 70.5% Fibonacci level and rode price action down as it broke for new lows over the past 2 days. I took this trade on Wednesday 24 November and today 2 days later it hits the final profit target before the markets close for the weekend. Overall a very good trade with great profit management
SMART MONEY | EURUSD | 25/11/2021Keep in mind that price already hit daily mitigation candlestick for buy entry. But is too risky because of daily downtrend. 71% of retailers are on long position, that means we keep looking for sell opportunities, but carefully. Fast break evens and more quality short entries are suggested in order to minimize our losses in case of trend change because of the fact above.
Buy entries are very risky now until the crowd sentiment change.
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Bank of AmericaLooks like we are at a higher high on the weekly and daily timeframes. Bank of America is a nice safe stock in my eyes. Although we are in a season where alot of shopping will go on, I can see this being bullish for banks and other holiday related tickers. Bank of America holds a high position in many prominent portfolios including my Uncle Buffet's. I want to see if price can continue trading above the 20 and 50 ema. Say if there is a pullback i'd at least feel that a 38% is realistic on the daily timeframe. If it surprisingly pasts that support level, price could reach the support that was created back in July of this year. Let's see what happens. Alot of credit cards will be swiped this season and for swipe a BAC customer pays, BAC will charge a surcharge to the business for every transaction that is made. Looking forward to a nice but slow ride. Good luck!
BBVA bearish scenario:The technical figure Triangle can be found in Spanish company Banco Bilbao Vizcaya Argentaria, S.A. (BBVA.mc) at daily chart. Banco Bilbao Vizcaya Argentaria, S.A., better known by its initialism BBVA, is a Spanish multinational financial services company based in Madrid and Bilbao, Spain. It is one of the largest financial institutions in the world, and is present mainly in Spain, South America, North America, Turkey, and Romania. The Triangle has broken through the support line on 22/10/2021, if the price holds below this level you can have a possible bearish price movement with a forecast for the next 7 days towards 5.440 EUR. Your stop loss order according to experts should be placed at 5.8620 EUR if you decide to enter this position.
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$XLF: Long financials now...We have a tremendous signal to go long financial names now, as the yield curve is set to steepen once again and yields are rising on the back of the last FOMC meeting outcome, and the reopening momentum generated by the evolution of the Delta variant, and news of an antiviral pill from Merck that can cause a 50% reduction of fatalities and hospitalizations that recently surfaced. Charts are very constructive, as the $USB one I pointed out. I'm currently long a variety of value/financials/energy names as well as crude oil futures options for a while now, since AAII readings sunk below 25% recently. Now the broad market chart looks like a bottom is forming, and today a buy signal popped in $XLF, so the time is now!
Cheers,
Ivan Labrie.