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
Daytrade
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.
HG1! Copper Day Trade 28-Sept-2023TRADE DIRECTION: LONG
Price broke and closed above the Short-Term Trendline (red line). Before that, there were many candlesticks with long lower wicks (yellow eclipses) and bullish reversal candles (green arrows) formed around the lower line of the Parallel Channel (green dashed line), indicating buyers had started to accumulate long positions and sellers took profit off their short positions.
KEY LEVELS:
1. Short Term Trendline (red line)
2. Parallel Channel (green dashed line)
3. Daily Pivot (Traditional Type)
TRIGGER SIGNAL:
Bullish Pin Bar (yellow arrow) and prior bullish reversal candles.