Is This Another Lower High Incoming for Russell 2000?Check out the Equity Channel Podcast for more insightful trading and investing ideas.
Listen Here:
Breakinglevels
ready for ATH ?? comment your view The Scrip is consolidating for a long time and now its preparing to breakout after forming Cup & Handle pattern, keep this in radar, can give a good move
FCPO - SEPT21 - Support and Resistance (SNR) - 29/06/2021Breakout (Buy), Fail To Breakout (Sell), Break-in (Sell), Fail To Break-in (Buy).
Valid on the said date.
Enjoy and feel it. Hopefully, it's useful.
This is for study and educational purposes only.
GBPJPY Short after breaking several LevelsFX:GBPJPY
You can already see in my Charts where I would Enter, put SL and TP.
Before I personally Enter, I want to see Price breaking at least through that 144.773 Level, but even better closing bellow
that 143.802 Level.
Also look at those 4H SMA 50 / 100 / 200 on the bottom right. Maybe working out a longer DT Phase as well!?
XRP/BTC Both sides possible at this moment, quick potential 30% Hello traders!
I have looked in a Xrp/bitcoin and i have come to this. Xrp is not in a triangle for couple of days now, but that doesnt mean it could go lower!
As i looked in to it i saw a potential long and a short on really short term.
Both trades look promising but for both we need only daily charts!
If we bounce up from this, that could mean a second try on breaking the 0.5 FIB and a later nice uptrend!
If we do NOT bounce back up that would be a short! mostly everything will be depending on today's canddle and maybe the next one!
Slo_Crypto
Corn Futures Breaking Year Long Resistance LevelI believe this is my first post about Corn Futures, so let's see how this goes! Daily charts so that corn futures are trading within a channel, with resistance being the 50 MA and the support line being the 200 MA and the price support level of 356. Corn Futures shot up today above both the 50 MA and the resistance portion of the channel in which they were trading.
That price resistance level of 370 goes back into the start of 2016 and has carried with force except for last April when Corn Futures shot past it and ballooned up to 440.
The reason I like using TA is that you can easily see the human nature of the markets. Being irrational beings, we influence markets without even thinking. Most of the TA that I do is based on the overlying assumption that it is a self fulfilling prophecy, where it matters only because other investors and traders think it matters. Regardless, there could be a play here.
Am I suggesting that Corn Futures will rise into the 400s again? No. I have no idea where corn futures will go. I'm trying to give myself the best probability of being on the right side of the trend.
The setup I would use to play this bullish trade would be to enter right above the 50 MA breakout. I would put my stop at 365.4, which is just below the 50 MA. To me, this makes sense because any move lower than that would discredit my bullish hypothesis.
With the stop loss at 365.4 I would begin to take profits at the 390 level. This gives me a risk reward ratio of 3:1.
All the best,
RC
