AUD/USD likely to fall!Hey tradomaniacs,
recent news have caused a huge stop-hunt at the topside of the range which is a strong indication of a move down.
If the current breakout continues and we see more momentum we can expect price to re-test the market-up support-zones.
Be cautious as we are going to see NFPs tomorrow, means price can stay choppy until then.
What do you think?
Daytrade
TARGET PROJECTION FOR GMTUSDT IN THE DIARYPrice formed a double bottom pattern, in a downtrend, also characterizing a descending triangle and, in my view, if it breaks ~up, the price can seek this price projection.
Obviously it may take a few days, even because the chart is in the diary. But I believe you can look for that price region.
disclaimer
*** In accordance with CVM Instruction No. 598, of May 3, 2018, Art. 21, I declare that the recommendations of this analysis reflect solely and exclusively my personal opinions and perceptions and that they were prepared independently and autonomously. Not being considered a purchase and/or sale recommendation. ***
Any questions do not hesitate to contact me. I'm happy to be able to help you in the best way I can. 🙏
US30 short daytradetechmnical analysis hints that bears are coming into the market. looking to short us30 CURRENCYCOM:US30
ETH Long daytrade ETH currently in a long impulse to let Big Hedgers close their Long positions BE.
My Idea is to buy the Breakout of ETH above 1917,5 and hold until price reaches 1956 lvl.
Price action shows us that Hedgers are not actually buying here, they accumulate short positions - so be prepared for a big dump once we reach that 1956 lvl bc they might close their long positions there and price could dump back to 1850 or below.
Price could reject at 1933 zone, so be prepared to pay yourself and manage the trade.
Joe Gun2Head Trade - Still looking for downside on GBPCHFTrade Idea: Selling a retest of the broken range
Reasoning: CFTC data recorded a renewed net advance in short non-commercial Sterling positions
Entry Level: 1.2076
Take Profit Level: 1.1705
Stop Loss: 1.2126
Risk/Reward: 7.5:1
Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
#ES_Futures 5.26.22 Overview for Globex and RTH Today we broke into 3971-4030 range and came back in, N period bounced right from tomorrows T+2 High area of 3954, will we be able to stay above T+2 until tomorrow and get back over 3971-76 and maybe get more buy ins to take the upper stops and test the top of that range at 4025-4030 which is also a level we came through a few times already that hasnt been tested since last break down on the 18th, or do we accept back in T+2 and test the lower stops? Month end is coming up and 3 day weekend, maybe we can end on a positive note . Will watch what we do in globex tonight but so far we accepted in 3927-3976 range and trapped people short at the lower end of it with that flush after the 2pm minutes release. To the upside Key Resistance is 3976.50-3971.50 if we get through that watch for upper levels to get tested which are 3994.50-3988.75, 4012.50-4008.75 and next Key Resistance at 4030.75-4025.25. On the downside watching T+2 high area at 3957.25-3953.25 if that breaks we have 3944.25-3940.25 and Key Support at 3931.75-3927.25
#ES Futures 5.19.22 Overview and Levels to WatchYesterday we had a big sell off, I had it market that we would visit our Key Support at 3976.50-3971.50 and if selling is strong then can see lower levels as well, did not expect to that much but we got what we got. Today we are set to open on a gap down and below T+2 low of Tuesday. Currently inventory is short and we found some buyers before our swing low and Key Support of 3853.25-3847.25, at the open I want to see if we get any correction and maybe try to fill the gap at around 3905 area, if we cant fill the gap and stay above our Key Resistance of 3892.25-3887.25 then on the downside my targets are 3878.75-3874.75, 3866.75-3863.25, Support at 3853.25-3847.25 if that breaks and then we have room to visit lower levels of 3839-3835.50, 3825.50-3820.25 and next support at 3811-3804.50, if the selling is strong as yday I expect us to test the bottom of this daily range we are in since we are currently at half point, those levels would be 3791.50-3787.75, 3780.50-3776.75 and KEY support at 3764.75-3758.25. On the upside holding above Key Support of 3892.25-3887.25 we can see a push to test 3901-3898, 3914.75-3910.75 and next Key Resistance at 3931.75-3927.25. Careful with longs today because we do expect margin call selling, will only be looking for longs if key levels hold and show support, other than that looking to short from Key levels down.
#ES Futures 5.18.22 Overview and Levels to WatchYesterday we found buyers at the levels we expected and were able to close above T+2 for today. Globex session we tried to push to extend into the next range over 4084.50-4077.25 but failed, currently inventory is short and selling off to find buyers. We have broke into and accepted into T+2 so far, if we dont come back out and hold then we can see lower levels get tested down to Half Back, T+2 low and maybe lower depending on sell volume. On the downside we have Key Support at 4030.75-4025.25 if that goes we have 4012.50-4008.75, 3994.50-3988.75 and next Key support at 3976.50-3971.50 if the selling is strong we can expect to look below that, would not buying until I see Key Supports holding. On The upside if we hold our Key Support or look below and fail we have 4046-4042.25, 4061.50-4056.50 Key Resistance at 4084.50-4077.25 which would need to be broken to see anymore upside, considering all the inventory that is now trapped above 4061.50-4056.50 it would take good amount of buying to chew through.
Joe Gun2Head Trade - Selling EURUSD into resistanceTrade Idea: Selling EURUSD into resistance
Reasoning: Rallied into resistance and a 38.2% Fibonacci level
Entry Level: 1.0461
Take Profit Level: 1.0354
Stop Loss: 1.0477
Risk/Reward: 6.67:1
Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
EUR/JPY (Cypher Pattern) 1HRPAIR: EURJPY
TRADE: CYPHER PATTERN
POSITION: BUY
TIME-FRAME: 1HR
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What a month it has been for patterns. During the Star
Live Trading room, we've seen pattern formations all over
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For other pattern lovers like myself, this month has been
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When I can, I post trade ideas here to inspire other people
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Let's have a great week of trading ahead. Always, always
always, trade your plan please.
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Truly grateful to be here and share my thoughts with
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everyone and be safe in the markets, always.
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#ES_F 5.13.22 OverviewYesterday we tested midpoint of the current range we are in on the daily, so far was a look below and fail. End of the day rally buyers were able to bring the price towards the T+2 low for today. All the sellers were taken out lower and in Globex be broke into the T+2 range and over out 3931.75-3927.25 Key Resistance, this morning we hit our next Key Resistance level of 3976.50-4971.50 and T+2 half back. So far it was look above and come back in so at the open will be watching for us to test lower levels down to 3957.25-3953.25, and 394.25-3940.25 where we should start seeing buying response, if we break under that we can test our Key support T+2 low area down to 3931.75-3927.25 but ideally we should see buyers step in before that if we will go higher today. If Key support holds and we can see a trip back over 3976.50-3971.50 and test the upper levels of that value zone, which are 3994.50-3988.75, 4012.50-4008.75 where we should see sellers because there is supply above, if we get through that then can test next Key Resistance of 4030.75-4025.25 and also the T+2 high area. Have to be patience we are in a market with supply, have to let things set up and show the way around important levels and not get caught up in the chop.
Long Tesla $TSLABounced off-key level of support in FIB, RSI is starting to point up, on balance volume is still pointing down, the stock had good news today, MACD hasn't switched over, has unusual call volume. Possibly room up to the 9 SMA.
Disclaimer: Stratford Research newsletters reflect the research and opinions of only the authors who are associated persons of Stratford Consulting Ltd. The newsletters are for informational purposes only and are not a recommendation of an investment strategy or recommendation to buy or sell any security or digital asset (cryptocurrency, etc.) in any account. The information provided within the newsletters is not intended to serve as the basis for any investment decision and is for entertainment purposes only. Any third-party information provided therein does not reflect the views of Stratford Consulting Ltd. or any of its subsidiaries or affiliates. All investments involve risk including the loss of principal and past performance does not guarantee future results.
USDCAD: SHORT Day Trade. Likely Headed Towards 1.29160USDCAD broke 1.29800 support on the 1H Timeframe & now looks to head to its next support which lies in the 1.29160 area. All the trade criteria have been met, have a look at the main chart for all the trade instructions and levels.
Shall there be any updates, i shall provide them in this thread. cheers
DAX (GER30) about to follow US!Hey tradomaniacs,
DAX (Ger30) looks pretty bearish to me and could fall very soon in order to follow the US-Indices.
So far price has been more stable, but orderflow aswell as technicals do look bearish to me and we should see a drop very soon.
What do you think?
DAY TRADING STRATEGY USING TOP DOWN ANALYSISIn this video i walk you through my day trading strategy from higher time frame to lower time frame.
In the video, you will discover;
How to day trade
How to analyze the market from a higher time frame to a lower time frame
How to pick the best trades that win.
How to mark your support and resistance.
How to follow the trend and many more.
Key points Short ETH 06 May 2022We can estimate with a 75.5% confidence that the volatility for today is going to be below 3.07% for this the market will stay within
TOP 2830
BOT 2660
All of this being calculated with the opening value candle of today or yesterday close daily candle
From the funding rate point of view, the shorts have to pay the funding fee to the long positions,
giving us the idea that there are currently more shorts than long in the market(bearish)
From the fundamental point of view
NFP
Unemployment
Both of them are expected to be lower values than last month -> bearish.
With all of this in mind, we can try a scalp entry for today with the next setup
stop loss 1: 2750 or the opening price 36500
stop loss 2: 2830 expected top for today
take profit 1: 2700
take profit 2: 2650 expected bot for today