Breakandretest
NQ Power Range Report with FIB Ext - 2/24/2022 SessionCME_MINI:NQH2022
- PR High: 13517.75
- PR Low: 13457.25
Evening Stats (As of 11:50 PM)
- Gap: = N/A
- Session Open ATR: 446.46
- Volume: 161k
- Open Int: 261k
- Trend Grade: Neutral
- From ATH: -21.5% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 14675
- Mid: 13500
- Short: 12390
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
How Flytheus Trade The Markets In An UpTrend Using Break&RetestWatch for a close above a horizontal resistance level or a diagonal resistance level. A close above a resistance level turns level into support. Next watch for bullish price action at support in the form of a rejection candlestick like a pin bar; an engulfing bar; or an inside bar. Enter the market after the candlestick closes.
DXY 95.31 - 0.7 % SHORT IDEA * CONTINUATION PTTNSHEY TO EVERYONE WHO SEE THIS
HOPE EVERYONE IS DOING GOOD HAVING A GOOD
SOME OPPORTUNITIES IN THE COMING WEEK.
LOOKING AT THE DOLLAR INDEX
* From the H&S the index has been on a down trend hitting LL & HL.
* Due to the bearish momentum looking for possible continuation towards the next major support level.
* The index already broke support level pushed up for a retest, rejection from this level will be the key for this set up.
lets see how it goes
IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE
SMASH THAT LIKE BUTTON & LEAVE A COMMENT.
ALWAYS APPRECIATED
____________________________________________________________________________________________________________________
* Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT.
_____________________________________________________________________________________________________________________
| * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - SWING TRADE
SYMETRICAL TRIANGLEa break of symmetrical triangle and a valid retest, we should approach the top of right shoulder above. a short buy
CADCHF SHORT OPPORTUNITYThe risk here is that the CAD has been showing some strength across the board, however there is a solid break of the ascending channel which appears to be a complex pullback after an important rejection of a key area from HTFs.
Price is likely to create a new low before doing anything else, however before doing that, we could see price to capture some liquidity by breaking current intraday equal highs. Will see how it develops
EURUSD: Downside Incoming ⬇️The break and re-test buy looked promising but the buying pressure could not hold.
We have now shifted the structure to the downside.
If price gives me a valid pullback with rejection, I will join the sellers down into my target region.
Price doesn't have to make a pullback, it could be ready to go to the downside from here.
EURUSD LONG BIASThis pair is retesting a monthly zone along with a break and retest of trendline and it looks to be making a higher low 2nd touch of a newly formed upward trend and all this is on a monthly chart. I'll be looking for break and retests on the Daily and 4hr charts timeframes in the upward direction... Will update once I get a setup... Keep your eyes on this pair this week...
GBP / CAD 1.69925 -0.41 % LONG IDEA * PRICE ACTIONHELLO EVERYONE
HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE, HERE'S A LOOK AT POSSIBLE SCENARIOS THAT COULD PLAY OUT IN THIS WEEK ON THE POUND CAD.
- completion of the INVERSE H&S ON higher time frames played out well
here's where we were last trading week
- reversal at 61.8% fib level
- LOOKIMG FOR REVERSAL CONFIRMATIONS ON THE PAIR and possibly a retest of either the 50% fib or 61.8 fib
* looking for trend continuation on this pair.
lets see how it goes
IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE
SMASH THAT LIKE BUTTON & LEAVE A COMMENT.
ALWAYS APPRECIATED
____________________________________________________________________________________________________________________
* Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT.
_____________________________________________________________________________________________________________________
| * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - SWING TRADE
USD / JPY 113.380 - 1.72 % SHORT IDEA * PRICE ACTIONHELLO EVERYONE
HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE, HERE'S A LOOK AT POSSIBLE SCENARIOS THAT COULD PLAY OUT IN THIS WEEK ON THE USD/JPY .
- Price failed to rally with the bulls seeing a push down closed last week with a retest of support.
- should this strucuture hould and we see continuation of this move looking for trend continuation on this pair.
IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE
SMASH THAT LIKE BUTTON & LEAVE A COMMENT.
ALWAYS APPRECIATED
____________________________________________________________________________________________________________________
* Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT.
_____________________________________________________________________________________________________________________
| * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - SWING TRADE