EURJPY 2nd April 15min setup here for EURJPY we moved into our supply with clear bullish momentum and created a new swing range to the upside so iam looking for a new shift to take us higher and out of the current range we are in, if we don't react at demand shown at the base of our swing we will look for a bearish setup to give us that reversal that we had marked from last week, now of course how we open up this week will give us a better idea of what we can expect for this setup!
We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
Entry
Bitcoin Scalping Signal for Day Trading🖥️ We have determined there is a 70% chance Bitcoin will Rise from our current entry point.
We had a nice Bounce off our 0.786 Fibonacci, and with a majority of the uncertainty over - some upward movement is our belief.
📉 LONG - BTC : $27,250 📉
💵 Length of trade: we are expecting BTC to hit a $550 scalp, with a high end of $1,100, and a minimum expectation of $300.
🕰️ Duration of trade: we are expecting the minimum target to occur within 10 hours. Then we see the rest of this trade playing out within 3 hours of market open for NYSE.
Daily review of ETH interval 1HHello everyone, I invite you to a quick update of the situation of ETH to USDT on the 1H interval.
As we can see, we have formed a Rising Wedge pattern, which unfortunately is characterized by an exit from the bottom.
We can use the current situation to play the position, for this purpose we will mark the Stop Loss at $1618, which should be taken into account when playing short.
Entering positions in the area of the formation or just after leaving the formation at the bottom at $1525.
However, the target that can be taken into account is $ 1434.
2022 Entry Model ExampleThis is a video journal and example of one of the most profitable and easy to execute ICT entry models. Not only are the entry criteria objective but so are the targets. You can look for previous highs or lows as your target or fib retracements, DR levels, whatever works for you.
SPY THE NEXT LEG DOWN TO 360s The market is finally breaking down! We had another short entry at 405 which is discussed in my last video; if you aren’t already in a short- its best to wait for a entry. The market WILL go to 360s however your entry needs to be on point otherwise you will take a loss on any small move up on the way down!
How to do accurate entries using the 50% fib levelThis strategy will require you to be able to distinguish between the impulsive move and the retracement since we only apply the fib retracement tool to the impulsive move.
What you do is just lay your fib from the body to the body (not the wicks) then identify the 50% retracement level.
Now if you're an aggressive trader you can set a pending order or just execute an instant entry once price reaches your 50% retracement level.
On the other hand if you're a less aggressive trader, you will make a decision based on what price action will reveal at the 50% retracement level. I'll leave it to you to decide what kind of trader you are.
FREE - EURUSD - Key Levels Mapped Out In this post we have mapped out all of the major key levels to watch over the coming weeks for EURUSD.
They comprise of Monthly, Yearly & Structural Major Key Levels essential for price action in EURUSD charts. For any new followers, you are able to use these key levels to guide your trading decisions and watch for how price reacts to them in order to place trades.
Monthly Key Levels:
Monthly key levels are important because they represent longer-term support and resistance levels. These levels are significant because they can provide traders with a better indication of where the market is likely to move next, and may be used as an entry or exit point for a trade. Long-term support and resistance levels can also be used to identify possible reversal areas and to set profit targets.
Structural Key Levels:
Structural key levels are important because they help traders identify potential areas of support and resistance. These areas are important because they provide insight into the underlying strength of a trend and can be used to identify potential entry and exit points. By analyzing these levels, traders can better determine when to enter or exit positions in order to maximize profits. Additionally, these levels can also be used to indicate when a trend is reversing, allowing traders to position themselves accordingly.
Summary
These are all important levels to be aware of when trading EURUSD. Being aware of these levels will help you to identify potential entry and exit points for your trades, as well as identify potential support and resistance levels. Additionally, it is important to remember that these are just a few of the key levels to watch out for, as there are many other levels that will be important to be aware of. Knowing these levels will help you to make informed trading decisions, and ultimately increase your chances of success in the market.
I encourage you to like, follow, and share to stay up-to-date with the latest news and information on this chart throughout the week.
Confirmation entry 101Hello traders
- In this example, we will talk about confirmation entry.
- What is confirmation entry?
- Confirmation entry is shown in the picture above, and in this situation, we chose a safer order block for our entry.
- Below, we will break down the entire PA in detail and explain this example better.
1) We see that the momentum is present, the price has left an imbalance, and we have a nice candle close.
2) The price creates liquidity and returns to the retest, but in the end the price does not reach our order block, and here we have a missed entry.
3) The price impulsively broke through the low again, leaving the imbalance behind, and we see a nice candle close.
4) This second impulse can easily be a fakeout, so it is safer to wait for entry on the first order block
5) The price makes more liquidity that needs to be picked up
6) In the end, the price has taken out all the other traders who had open positions here, and our confirmation entry comes from where the price impulsively continues bearish.
-When you trade, you have to learn to read the PA in small details in order to better understand the PA and the language of the market.
- If this example helped you to better understand PA and confirmation entry, leave a like, and if you have any questions, you can ask below in the comments.
5 Market entry Orders Easily ExplainedBack in the old days, to action a trade you only had two easy options.
Buy or sell…
Fast-forward into the present day, and today you get slapped with five different options to choose from when you get into a trade.
Right now, I’m going to simplify these five trading entry orders in way that you’ll never forget.
Entry Order #1: Market Order
The first entry order is the easiest to understand.
This is where you’ll buy or sell at the most current market price.
When you choose a market order, it is the quickest, most effective and easiest way to enter into your ‘long’ or ‘short’ trade at the current bid (buy) or offer (sell).
Entry Order #2: BUY Limit
When you place a ‘Buy Limit Order’, you’ll place your long trade entry price BELOW where the current price is trading at.
Once the market price drops on or below the Buy Limit Order price, you will be automatically entered into your ‘long’ trade.
EXAMPLE: BUY Limit
If BHP Billiton’s share price is currently trading at R305 per share and you would like to buy (go long) at R300 per share, you’ll choose the Buy Limit Order.
You’ll then wait for the market price to drop to your chosen order price or below it where you’ll then be automatically entered into your ‘long’ trade.
Entry Order #3: SELL Limit
When you place a ‘Sell Limit Order’, you’ll place your short trade entry price ABOVE where the current price is trading at.
Once the market price hits this entry point or above it, you will be automatically entered into your ‘short’ trade.
EXAMPLE: SELL Limit
If BHP Billiton’s share price is currently trading at R300 per share and you would like to sell (go short) at R305 per share, you’ll choose the Sell Limit Order.
You’ll then wait for the market price to rise to or above your chosen order price, where you’ll then be automatically entered into your ‘short’ trade.
Entry Order #4: BUY Stop
When you place a ‘Buy Stop Order’, you’ll place your long trade entry price ABOVE where the current price is trading at.
Once the market price hits this entry point or above it, you will be automatically entered into your ‘long’ trade.
EXAMPLE: BUY Stop
If BHP Billiton’s share price is currently trading at R300 per share and you would like to buy (go long) at R305 per share, you’ll choose the Buy Stop Order.
You’ll then wait for the market price to rise to or above your chosen order price, where you’ll then be automatically entered into your ‘long’ trade.
Entry Order #5: SELL Stop
When you place a ‘Sell Stop Order’, you’ll place your short trade entry price BELOW where the current price is trading at.
Once the market price drops on or below the Sell Stop Order price, you will be automatically entered into your ‘short’ trade.
EXAMPLE: SELL Stop
If BHP Billiton’s share price is currently trading at R305 per share and you would like to sell (go short) at R300 per share, you’ll choose the Sell Stop Order.
You’ll then wait for the market price to drop to your chosen order price or below it where you’ll then be automatically entered into your ‘short’ trade.
I hope this helps with knowing how to place an entry order for next time!
Trade well, live free...
Timon
MATI Trader