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Breakofstructure

Zantat Holdings Bhd to Gain Momentum for New HighIn daily timeframe, price is holding well above the MA 20 indicates the momentum still intact for short term period. In lower timeframe H1, we can see a reversal followed by a bullish continuation pattern and currently price is capped below the supply zone area of 0.515 to 0.525. To further validate the bullish movement, price to close above 0.515 in weekly timeframe as a breakout from the previous weekly bear candle. A break below 0.470 invalidates the bullish movement and will further move downwards to 0.455.
MYX:ZANTATLong
by fuad_khairi
Bursa Malaysia Technology Index - Bullish Break of StructureOver the past six months, the Bursa Malaysia Technology Index has exhibited moderate performance, reflecting the global tech sector's fluctuating conditions. The index saw a notable uptick in the last quarter of 2023, driven by a rebound in semiconductor demand and increased investments in digital infrastructure. However, it faced headwinds in early 2024 due to concerns over global supply chain disruptions and rising interest rates impacting tech valuations. Overall, the index demonstrated resilience with a gradual recovery in recent months, although it remains below its peak levels from the previous year. Supported with the Nasdaq Composite Index, a prominent benchmark for U.S. tech stocks, has been relatively strong, reflecting the interconnected nature of the global tech market. When the Nasdaq experienced a surge in late 2023, fueled by impressive earnings from major tech firms and positive investor sentiment, the Malaysia Technology Index mirrored this trend with a delayed but noticeable rise. Conversely, when the Nasdaq dipped due to regulatory pressures and inflation fears, the Malaysia Technology Index also saw declines, albeit to a lesser extent. This correlation underscores the global tech sector's sensitivity to macroeconomic factors and investor sentiment, influencing market performance across different regions. Last week we can see that the index became one of the factors that lifted the FBM KLCI Index to make new high as the index made a valid Bullish Continuation Pattern by making Break of Structure on Thursday with a bullish closing on Friday. There are two key things that are worth to be observed: 1. Bullish Break of Structure (BoS) at 69.91 on Thursday. 2. To observe rejection at the area of weekly supply around 75.00 to 80.00 confluence with the fibonacci area. 3. Minor supports at the area 66.64, 62.20 and 60.53. A break below 56.93 is a sign of Bearish Change of Character (ChoCh) where the index changes the trend from bullish to bearish. Disclaimer: The information provided is for educational and informational purposes only and should not be construed as financial advice. Before making any investment decisions, individuals should conduct thorough research and consider their financial situation, risk tolerance, and investment objectives. Investing in stocks involves significant risk and may not be suitable for all investors. The value of stocks can fluctuate and may result in partial or total loss of investment capital. Past performance is not indicative of future results. Furthermore, the content provided does not constitute a solicitation or recommendation to buy, sell, or hold any particular security or investment strategy. Investors are encouraged to consult with a qualified financial advisor or investment professional before making any investment decisions. All investments carry risks, including the risk of loss of principal. Investors should be aware of the potential for volatility, market fluctuations, and geopolitical events that may impact the value of their investments. Investors are solely responsible for their investment decisions, and any reliance on the information provided is at their own risk. The author and publisher of this disclaimer disclaim any liability for any direct, indirect, incidental, or consequential damages arising out of or in connection with the use of the information provided herein.
MYX:TECHNOLOGYLong
by fuad_khairi
How to Find a High Probability Trade in an Uptrend Hey Traders, We'll show you how you can find an easy trade with a high risk-to-reward ratio using some basic concepts. - Step One: Spot an uptrend where you have higher highs and higher lows. - Step two: Spot the last break of structure. - Step three: Use the Fibonacci tool and connect it from the recent lows to the recent highs. - Step Four: Watch prices coming back to the broken structure that lines up with any Fibonacci level. ( Focus on the 50% - 61.8% - 78.6% Levels ) - Step Five: Wait for a clear bullish candle and then enter with stoploss structure - Step Six: Take partial profits at the recent highs and the Fibonacci extensions ( - 0.27 & -0.618 )
Education
by Tradenessfx
3
A guide to Profitable Scalping (why waste a price action)In the world of trading, many participants find themselves constantly waiting for the perfect confirmation for swing positions or entries, often missing out on the rapid movements that characterize financial markets. This is where the art of scalping comes into play, a strategy vastly different from swing trading, yet equally, if not more, compelling for those who master it because it offers way more opportunities to make money. In this blog post, I'll guide you through the essentials of becoming an effective scalper, focusing on market structure theory, the significance of Break of Structure (BOS), and the nuances that set scalping apart from swing trading. Understanding Market Structure Theory To excel in scalping, one must first be well-versed in market structure theory. This theory is the backbone of understanding how markets move and why they behave in certain patterns. It involves analyzing price highs and lows, trends, and ranges to predict future price movements. For a comprehensive understanding of market structure theory, this resource offers an in-depth explanation, it's not complete, but the best one freely available so I suggest you understand the content properly. www.youtube.com The Role of Break of Structure (BOS) A critical concept in scalping is the Break of Structure (BOS). When we observe a confirmed BOS to the upside or downside, it indicates a significant shift in market sentiment. The order block that caused this break becomes a focal point of interest. This is because, in the realm of scalping, these points often act as magnets for price, offering high-probability entry points. Capitalizing on Order Blocks Once a BOS is identified, scalpers must pay close attention to the order block that instigated this shift. When the price returns to this order block, a reaction is typically expected. This reaction is the bread and butter of scalping. Unlike swing traders who seek to capture larger market moves over extended periods, scalpers thrive in these quick, precise moments. Scalping vs. Swing Trading: A Different Focus The primary difference between scalping and swing trading lies in their respective focuses and timeframes. Swing trading involves holding positions for several days to weeks, aiming to profit from substantial price moves. Traders in this domain often focus on potential targets for a trade, analyzing broader market trends and economic factors. Conversely, scalping is a short-term strategy where trades last from a few minutes to hours. The focus here is not on the potential extent of a price move but, on the risk, -to-reward ratio. Scalpers typically aim for a 1 to 3 risk-reward ratio, meaning they risk one unit to gain three. This approach requires quick decision-making so it's much more involved than swing trading. Before we go on to see some examples following are the key things to remember to be effective in scalping To be an effective scalper, you need to: 1. Develop a proper Understanding of Market Structure 2. Identify High-Probability Order Blocks 3. Master Risk Management: Given the high-speed nature of scalping, managing risk is paramount. This involves setting strict stop-loss orders and having a clear risk-to-reward ratio for each trade. 4. Stay Disciplined and Agile: Scalping requires discipline to follow your trading plan and agility to adapt quickly to changing market conditions. Examples: Scalable OBs with results. This happened today: on SPX and NAS100 NAS100: SPX: How to pick an order block to trade for scalping: Entry for Scalping should be between 0.25 to 0.5 level inside the Order Block, you can use FIB tool to get these levels, this is highlighted in the Images above. 1. Do not go above 4h TF for this strategy. 2. Make sure Order block is caused a BOS 3. Notice the time frame of BOS, Pick the Order block in relation to the BOS timeframe. 4. Makes sure Prior to BOS the Order block resulted in FVG 5. Make sure the Order Block is not too big as it will result in greater risk, which I do not prefer. 6. If price does not hit your entry do not chase price, move on to next one. I want to emphasize here again , the goal of scalping is to capture the small move , not the whole move , so your focus should be one getting 2X or max 3X of your trade once , you do you get out and move on to next one , the good thing about this strategy is you can always find multiple assets where BOS is happening on anywhere from 1h to 4H TF. Finally, nothing in the world of trading is 100% so it's possible this may not work sometimes, which you should be okay with as long as it works more than 50% of the time. I n my experience it works more than 80% of the time. Conclusion Scalping is a dynamic and potentially lucrative trading strategy that requires a unique skill set, distinct from swing trading. By understanding market structure theory, focusing on order blocks following a BOS, and maintaining a disciplined approach to risk management, traders can exploit the rapid movements of the market for steady income. Remember, the key to successful scalping lies in quick, informed decisions and an unwavering commitment to your strategy. Like and Leave comment to this post to seek further clarifications if needed. Happy trading!
Education
by zakoraio
Gold Run Big Time Bullishretraced into a FVG recently broke structure on the 5 min so either it swept its liquidity down there in the FVG and continues breaking the old high that i marked out as black (5 min, 15 min, 1h, 4h) and just rallies or it´ll go down again sweep liquidity once again and then will continue to break the last highs. tp under the FVG that i marked out that could bring sells. also the other higher time frames are bullish. so lets look for thos longs and start makin bread!!
OANDA:XAUUSDLong
by Tradingvali
AMZN to $157.00 in less than a monthToday 9/13/2023 AMZN broke resistance at $144. The 8 hour time frame is showing a golden cross and all exponential moving averages above the 200 (orange line) & 50 day ema (pink line). To step it up for even more confirmation the 10 day ema (baby blue line) and 20 day ema (yellow line) shown by the blue and yellow lines also reflect a bullish break of structure. Our target prices to look for are: $147.27 the upside before we potentially break $150, and if we fall expect the ticker to hold at $138.16 to the downside for solid support in the supply zone. Before 9/15/2023 we want to see AMZN above $145.19. The question is why is AMZN so bullish? Theoretically it could be based on the momentum of ADBE reporting earnings on the evening of 9/14/2023. The next thought is the demand of AMZN web services and increase of it's AI innovation for the ecommerce aspect of the company. Many are calling for $160 before the end of November. What are your thoughts?
NASDAQ:AMZNLong
by rogers1906