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Londen Setup EURUSDGood Morning traders, There is a possibility that the market can switch Short term bullish to grab better sells and get some BSL and sell stops out. Overall market switched Bearish for me. I will be looking at the green orderblock for a possible Long entry by Londen making the Low off the day, between 8-11AM UCT+1 If price shows me bullish short term switch my targets would be the red box and will take partials on an Daily Breakerblock structure. Looking at a Bearish weekly perspective the first two days can be seen some bullish price action to mitigate more Shorts and the rest off the week can be continuing bearish. Just a weekly forecast and possible scenario. Have a great trading week, Dave
Long
by Dave_DayTrader
1
EURUSD -Big Short opportunity-Good day traders, Im Looking at the weekly profile to get into a short for the weeks ending, and possible high chance of Bearish reversal and making off the weekly high. Market has been building alot of SSL without a big retracement yet. Price took BSL bigger timeframe, that was a high probability for the market to grab for a long time now. Was acting as (fake) resistance line. Above my range there is a FVG on the 4H way back in priceaction where potential big instutions can be Shorting. Im expecting market to range before the NFP release and with the release start the reversal. I will enter on re-entry short for extra confirmation, and avoid the big volatility NFP brings. Watching for price/NFP to create a last (Fake run) bullish to trap most traders in the market with long positions. Alert: Wait first for the setup to create after the news release. Could be volatile wicks. No financial advice. Have a great day, Dave
Short
by Dave_DayTrader
1
Is XOM a sell for the rest of this week? $110 or below?I have been patiently waiting for a break above $114.16 on XOM. (Typically very even level resistance and support levels are great traps to reverse us the opposite direction of the initial breakout) When we got it we immediately fell below on the retest, leading me to believe this is a false breakout to trap buyers from more volume based on earnings. Additionally, once we started selling above $117, we reclaimed the zone and retested earlier this morning and immediately rejecting all the way back down o $113. If the potential lower high is at $115.84 and can stay under $116, I think there's room to $110 or below. Fed day is over, have we already had our fun for this week?
NYSE:XOMShort
by Macks_MoneyTree
Gala To $0.058 Cents Again In The RageGala has been having tons of volatility and as of right now we're at the bottom of this channel on the 30 minute time fame. Mostly everything has taken a slight dip this morning. The short term trend is still bullish and I believe given the volatility we should see a revisit to the point of control on this range which is at around $0.058 cents. The 30 minute MACD is looking like it's setting up for a bullish divergence as well. The $0.06 cents area has been given Gala a lot of resistance so be mindful of that. Remember this is very short term much peace, love, health, and wealth! Target: $0.058 Cents Stop Loss: $0.055 Cents
Long
by peacefuljustin
Week of 1/30: SPY Supply and Demand LevelsI'm expecting a retest of supply around $407-$408.20. Otherwise, I'll be expecting a retest of the broken $403-$404 supply. If we start to reject and stay under this 2nd level, I'll be waiting for $400. If we can hold and break above $408.60 next week, I think the next stop is to retest $410, where we are likely to face some strong resistance. Left Chart Indicators: - 9 SMA: Yellow - 200 SMA: Red - VWAP: Blue Right Chart Indicators: - 9 SMA: Yellow - 50 SMA: Green - VWAP: Blue
AMEX:SPY
by Macks_MoneyTree
EURUSD 2 possible tradesGoodmorning traders, Im looking for these 2 scenario's on EURUSD to take a long trade on. Both the goals on the trade are to take out the Old High. Market took enough SSL already so a high chance its seeking BSL and take out the old high. Also we are still bullish bigger tiemframe, So these 2 trades are with the big trend and bias. Scenario 1: Aggresive buy. Scenario 2: Best buy option in discount prices of the swing and has an Optimal trade entry. NO financial advice Have a great day.
by Dave_DayTrader
3
#ES_F Overview for Monday 1.23.23 Review: Last week Thursday we got back to our possible support area under 3930 and we could see the short covering stabilize the price before RTH at 3915-10 area which was important going forward, during RTH we failed to continue lower and only did a look below Globex low and came back in without reaching next level and taking out the low from 1.10 signaling that sellers are running out. Friday Globex we consolidated more getting all the supply secured, RTH open gave us a flush under VWAP to get the last sellers out and once we got over 30 again shorts were trapped and we began mark up back to our Supply area which is over 3990. Overview: That flush Wednesday took out a lot sellers from this area so now we might be able to get through it easier and head for our next Resistance area. As we know the goal is to sell product higher to willing buyers and we need to create some demand, ideally we can hold over this 76-71 area or at least over 60 as we now have support below those areas and see a move higher to take out last weeks high which will bring in more demand to the store. I will be looking to see if we get any pull back tonight towards 76-71 area and if it holds or not, the way we high closed Friday we might not get much of a pull back and instead take out 94-89 area first and head for 4000 pocket, if that happens then any pull back to and under 94-89 could be a good opportunity to buy and eventually if we hold over this area and get through that 4000 pocket we can see a push higher into next resistance area to 4046-61 maybe little over it depending how much buying we get. Levels to Watch: 3976-71 // 3995-89 // 4012-08 // 4030-25 // 4046-42 // 4061-56 For better confirmation we can wait until 4012-08 gets taken/hold either in Globex or RTH tomorrow, if in Globex then we might see a re-test in RTH but either way if we get over this area we could see our move to 4030-25 // 4046-42 and if that is that 61-56. Trading it level to level is a safer bet since we would be in supply area and never know what can happen but ideally everything holds up nicely and we get the full move. IF we don't hold 76-71 first red flag, breaking under 60 big red flag and will need to wait because if that happens then trip lower could happen but being up here I would think that they will try to run the highs to bring in more buyers to sell product into.
CME_MINI:ES1!
by HollowMn
4
DAY TRADING: SHORT EURUSD. TARGET 1.07940TRADE TYPE: INSTANT ENTRY SHORT TRADE DIRECTION: SHORT TIMEFRAME: 4H ENTRY PRICE: 1.08500 STOP LOSS: 1.08900 TAKE PROFIT: 1.07940 RISK TO REWARD: > 1:1 ANALYSIS: Price broke the demand zone / support and is likely looking to aim for upcoming demand zone / support. stop loss ideally placed above supply zone / swing high Follow this thread for any future updates regarding this specific trade. CAUTION: Trading is a Probability Game and could wipe out your account if risk management and strategy is not followed properly. Cheers
Short
by FX618Analysis
EURUSD Smart Money ConceptsWelcome, fellow speculators. Here I have EURUSD which I have assessed as being bullish due to evidence of the market structure forming higher highs and higher lows via my 15M-4H timeframes. I want to see price give a pullback to my deepest order block which I have refined with my Fibonacci retracement tool. I have set an alert above my speculated entry level so I can properly assess the price action before aiming to enter. I want to see positions become liquidated before even pondering entering into my long position. Trust & Patience -KWH
Long
by Harbmayg
2
BTCUSDT IMPORTANT UPDATE!You can't expect the market just go from 1 direction to the opposite one directly. After the market picks up a specific direction, we don't instantly reverse on the daily timeframe, we mostly should see the market rotating for 2 to 3 days minimum, before we either see a continuation to the upside, OR reversal. For the last 3 days Bitcoin has started rotating a little bit, and forming a zone of balance, which means that the Phase 1 of One Timeframing Higher has came to an end. We should wait for a legit breakout to know where would the next direction be at.
by AltSh
2
MSFT Big Short side possibleWe have a very small inverted hammer on the weekly. This is a bullish reversal. We need to see confirmation over the next couple days. The weekly 200ema is feeling the pressure of MSFT trying to push lower. On the daily we see multiple attempts at the 9 EMA. We also see strong resistance and selling pressure in the 228.40-232.20 area. We also see similar behavior on the weekly chart. Right now the area holding up MSFT from lower lows is the 225-228 area. Long trigger is 230 - 231 Short trigger is 222 - 224 Watching this one closely. This one based on the weekly is a 50/50 based on the daily I think we will see some lower consolidation before a direction is decided on the weekly.
NASDAQ:MSFT
by Battle-Trading
$128.50 Temp Bottom on AAPL going into CPI?Once AAPL broke $128.65 last Friday, I've been patiently waiting on a retest. Today at 10:45 we retested, dipped below level and reclaimed it and then retest it again at 12 and has a strong upside move. With this context, the rejection wicks on the 1h candles and the fact that we've broken out of this channel that apple has had for a few weeks, I am anticipating $128.50 to be an excellent long level to lead us to 134+ later this week. Stay tuned and please follow to show support! Thank you.
NASDAQ:AAPLLong
by Macks_MoneyTree