Daytrade
CL1! Crude Oil Day Trade 5-Oct-2023TRADE DIRECTION: SHORT; as indicated by the downward trendline (red line) and the market structure.
KEY LEVEL: Round numbers S&R with 50 ticks range between each level.
TRIGGER SIGNAL: Broke bearish pennant with the confluence from 2 trend continuation candles (red arrows).
RR: 1:1.7
SL: 88 Ticks
TP: 150 Ticks
EURUSD: Theory of daily movement: Trading RangeHello
Considering the movements, I think today's movements are suffering
Today, our movement scenarios are a bit too much. But the move I expect for the #EURUSD today:
Let's have a temporary bullish move first, if it reaches my desired point, I'll look to sell at that point
If it's against my opinion and I see a drop, I try not to trade unless the price reaches the area I specified on the floor.
GBPUSD: Theory of daily movementHello
Today, our movement scenarios are a bit too much. But the move I expect for the pound today:
Let's have a temporary bullish move first, if it reaches my desired point, I'll look to sell at that point
If it's against my opinion and I see a drop, I try not to trade unless the price reaches the area I specified on the floor.
Considering the movements, I think today's movements are suffering
Nasdaq Futures to test 50EMA on dailyThere is a very high chance that Nasdaq futures can test 50-day EMA on the daily Level tomorrow since today was an inside day. It may get rejected on the 50 day EMA. If Futures can hold above 15050 level that is prior day's range high, then there is a very high probability of testing the 50EMA tomorrow.