Daytrade
SPX500 with a potential fakerally!Hey tradomanics,
looks like last bullish move after the fed-protocoll (Seriously... so bearish )... looks very suspicious especially in the market-depth showing absoprtion in form of a lot of iceberg-orders at the resistance.
I will give it a shot and go short from here on.
What do you think?
EUR/USD Likely to fall!Hey tradomaniacs,
looking at EUR/USD I see a potential move down due to recent fakeouts with trapped buyers aswell as the absorption before (Market-depth).
AS long as risk-off continues we might see more dollar-strenght especially after that ridiculous statement by the ECB saying they dont see an upcomign recession as a likely scenario. (lul).
However, probably a good spot to short with a nice risk-reward-ratio.
Waht do you think?
Joe Gun2Head Trade - Gap fill on NASDAQTrade Idea: NASDAQ
Reasoning: Gap fill on NASDAQ
Entry Level: 11797
Take Profit Level: 11035
Stop Loss: 11905
Risk/Reward: 6.83:1
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.
Joe Gun2Head Trade - Short term double top on EURJPYTrade Idea: Short term double top on EURJPY
Reasoning: Stalling on the daily, double top on the 60min. Possible intervention?
Entry Level: 142.42
Take Profit Level: 140.50
Stop Loss: 142.97
Risk/Reward: 3.4:1
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.
Joe Gun2Head Trade - Selling GBPNZDTrade Idea: Selling GBPNZD
Reasoning: Large engulfing candle on the 60min
Entry Level: 1.9452
Take Profit Level: 1.9257
Stop Loss: 1.9550
Risk/Reward : 2:1
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.
Joe Gun2Head Trade - Speculative EURUSD longTrade Idea: Speculative EURUSD long
Reasoning: Potential double bottom on the Daily Chart
Entry Level: 1.0561
Take Profit Level: 1.0746
Stop Loss: 1.0510
Risk/Reward: 3.65:1
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.
Bitcoin with more bearish signsHey traders and happy Sunday!
In this post we are going over Bitcoins bearish movement using multiple timeframe analysis (MTFA)
On the left you see the 5min chart of BTCUSD, where we have formed a double top + a lower high following the doutble top, in the PrimedTraders community & courses this is a must know pattern as it has yielded us many profitable pips. For now we believe that we are making a push towards the daily VWAP once we come to it we will determine if its time to get out of the shorts taken @ 19599.50 or build on them further.
We are taking day trades while we run our position trades on bitcoin (see related post)
Joe Gun2Head Trade - Speculative EURUSD longTrade Idea: Speculative EURUSD long
Reasoning: Potential double bottom on the Daily Chart/Bull Flag on the 60min?
Entry Level: 1.0511
Take Profit Level: 1.0735
Stop Loss: 1.0490
Risk/Reward: 8.85:1
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.
What Actually Happened To Bitcoin Price Action EditionSo I decided to see why this big ol' drop is happening with Bitcoin.
The answer?
We're filling a very old order block that was never
completed in July 2021. So it makes sense price has dropped ALL the
way to where we are now. Time to analyze where we may be going from
here.
According to this current situation, once the years-old order block is
retested, we should make a long push back up to the 38810.05 weekly
zone since it was never retested on the 4hr. It just dropped like a brick.
If we are not ready for the giant uptick back up yet, and we
breakthrough the monthly 28990.63 zone, the next pivot area will be
24337.80 daily zone. We're about to find out what happens.
BULL TPS:
• 32788.17
• 34337.72
• 35504.62
• 36622.43
• 38810.05
BEAR TPS:
• 29315.72
• 27774.40
• 26233.07
• 24475.42