GBPUSD Looking Decisive NowWhats going on guys, welcome back to my page, hope you all had a wonderful trading day yesterday and carry that momentum into today. Ill make this one short and sweet
As we can see, price has made a lower high on the 1H chart when some of us were asleep, this is telling me that a downtrend is prevalent and I should bias shorts over longs. This along with other confirmations of a continuation are as follows:
- Price is under a recently created crossover on the 1H chart
-Lower Highs Formed
-Long upper wicks present on recent 1H candle
Now things that DONT support a sell include these:
- Price is in a liquidity zone I have marked from last week
- Price could reverse because of the NY session beginning soon
My advice to you all is to favor a short over the reversal simply because if you take a look on the 4H chart you can see the whole picture much easier. You could wait for price to exit the liquidity zone as well
Trade Safe, Trade Smart, Trade Precise; see yall in the next idea!
Daytrade
XAUUSD day trade longHey hey!
Its been a busy and good start for the new week and month for us!
based on the related video idea, we banged a big profit on XAUUSD short... but now its time for us to go looong!
We're trading the range here on 1h, and believe price can retrace up...after all the daily and 4H look bullish.
The 10m chart is where the entry comes into play... its looking like a bull reversal.
GBPUSD Potential Bull Reversal Whats up yall, back with another idea. This week has been especially hard for me to trade but its not stopping me, just making me even smarter. Without any further explanations, lets hop into this one.
This early morning we can see price gradually dropped during early London session, and now we are at a point of liquidity, we can tell by the extreme candles going in every single direction besides a trend. So this is telling me price is preparing to do something.
We do some further analysis and see that we have a potential liquidity zone which I have marked in purple. We can use this in aiding us determine which direction price will decide to go, just by waiting for a candle to close outside of the box either on the bottom or the top, then waiting for a supporting candle to back our chosen direction.
Price has been downtrending lately so short orders would seem more reasonable, however, it is still very possible for price to decide to reverse as soon as NY session starts.
Not too much in terms of technical structure today but we can work with what we got.
Yall let me know how you feel about the idea, LIKE AND FOLLOW FOR MORE!!!
Quick Scalp on Z1PThis was very interesting today, first it was not on my radar this morning, once it gaps up I thought I will go for a buy, then for some reason I was trading it like a demon. I was gambling with this stock today and I was trading emotionally.
On the one minute chart my entry was all over the place, I think moving forward if it gaps up wait for a pull back once it come to the high then go for a break out trade. If the gap up but goes below the opening price let it go though then wait for a rally then go for your short and vice versa if it gaps down.
Reddit army set sights on Silver!News this morning out on CNN that Reddit mania is now focussed on Silver. This is an ambitious move as playing with silver is a dangerous game. The reason being that it's a global market, with powerful players, with deep pockets. Having said that, it will be interesting to see a global mobilization of Reddit and other activist trading groups and if they are able to exactly exert real market pressure on markets at scale globally.
Either way, silver looks set to be a long day trade according to both the intraday technicals as well as the primary driver being the news and hype on Silver. that will surely develop over the trading day.
Caution: Big chance of high volatility and sharp reversals. :
Day Trade Idea: Silver Long 29.550 - 29.750 +
!. Technicals very bullish on intraday charts
2. Reddit army seems to be targeting Silver
3. Cnn has a headline front page about the above.
4. I think that will mobilize Reddit mania.
This is not advise to trade or enter any position based on my analysis.
US30 day trade longWe recently went short Silver (XAGUSD)... we dont see a GME on it... Infact we think the hedge funds might just pull a sneaky on everyone!
Anyway our shorts are locked. Moving on to US30 long.
We see lots of potential for a day trade profit on this one. We have a bullish continuation pattern indicating that we could see a strong push up.
BUT! When price comes to our 38.2% on the 4H chart (left) we are planning to go short... not 100% yet we will decide when price comes there and see whats up..
USDCAD long / Bull continuation pushing to 1.30Hey again!
We just took a long on USDCAD, right after the WTI short as per the related idea.
We see good reasons for USDCAD to trend higher today, and perhaps even push to the 1.29715 price level which is listed as our next potential profit target on the 4H chart. (left)
In regards to what we see, its simple,
4H chart:
- Pirce is above the middle of the DC and currently finding support at the 61.8% fib, both of these are bull indications, while RSI 5 is pretty low.
10M chart:
- Another test of the recent 30% zone fibs with a contraction / wedge leading to the fibs. (this is a strong bull indicator based on the primed system)
Thats all! See you again soon!