Flip
DXY with trading direction into Qm area DXY found support on a flip area now going north in direction of a QM area i would love to see some PA in giving dollar some bearish flavor ;-)
so ltf is the place to trade in direction of qm area if when we arrive there i would look for a short signs and set ups
GBPJPY options for me after building up pressure here right at a flip zone i see 2 possible ways to go before taking ation...
1) we break out below the sideway move at the moment going into demand at lower flip level before price starts another rally
2) we break above the sideway move at the moment just to pullback andretest the break out area and start the rally
so i will take action when we arrive demand or pullback after a break out above the range
cheers
EurUsd likes to flips this is my view on eurusd for the daily ...we see some nice s/r flips and just got a second touch at a flip level ..also supply in play ...i see a short coming at least to the previous s/r level ..if it breaks further we have open space
Plan B would be a break above flip level and supply and a long entry on retesting it ...
Aud Cad 2nd Daily RetestAud Cad just touched for a second time a flip zone which was already a point of a drop ...can we see a second reaction now...
depending on daily close i would consider a short position here..
Plan B in case of a clear upward break we look for retest of flip zone to get into a long ...
I prefere the short for now ..
have great Hallllloooweeeeennnn everybody ! keep it spooky ;-)
Long the fear, sell the fomo- 200 MA Weekly bouncing the price twice (red)
- Sell volume drying
- RSI bounced above 2015 support and leaving oversold zone
- MACD crossed bullish
Long now, and then short the fomo when 50 and 128 MA weekly death crosses (yellow, blue), at 5200 target by week of april 22.
Long idea invalidated if a weekly close below 200 MA occurs.
Short idea invalidated if a weekly close above 6500 swing high occurs.
A 100 pip short based on a support-to-resistance flipFirst of all, this is the ICT Breaker concept from ICT (Inner Circle Trader) on YouTube, all credit goes to him.
I've outlined a nice example of this strategy in the chart. I use this a lot and it's really simple to understand and notice once you catch a few of them.
I'd love to see you try to find more examples. Feel free to post them in the comments and we can discuss them!
Things to look for:
- Same concept applies for longs, but inverse.
- The candle block you're using must precede a move that takes out a previous swing point (low or high).
- If the price does retrace to that block as you expect, but starts consolidating and pushes back into it repeatedly, it could be a sign that it wants to move back through it. The market is sometimes tricky like that.
Also, here's a bonus confluence factor - if you pull the fib retrace tool from the top to the bottom of the move, you can see that our block falls right between .62 and .79 fib levels. This is another good indicator to confirm your bias.
Easy trading. POLYBTC for a quick +15% hit. Possible hold???While we wait, a nice entry for a quick 15% flip target.
Practice solid trading habits daily.
check the chart.
Zoom out far enough and see that this could be an impulse wave to something big.
Pour a little volume on it and watch her take off.
Probable Demand ZoneEURUSD has been going through an extended complex pullback pattern on higher TFs. It seems another bear leg to 1.1175, the FIB 61.80% retracement level, is becoming a probable scenario. Selling short to 1.1175-1.1250, covering and flipping long is the potential setup. As always, managing risk is the most important part. Fractional risk of 1.5-3% approach is the default approach. The size of a trade decreases as the risked price range increases. In another words, trading higher TFs requires a longer wait and a smaller size. Extremely boring.
Squeezed OUT - XRP FLIP iminnent!XMR has enjoyed a nice ascent to glory the last couple days, and the time of reckoning is here. The downward wedge is pretty much always indicative of a price decline. I am going SHORT on XMR here.
Entered position at 1420.
Target: 1180 - 1230
Stop: 1480
Comment and let me know whether you agree or think I am going to lose all of my money.
Dis gun b gud.
SPX Monthly Pivot Resistance?For the SPX to go higher imo, it has to clearly trade above the monthly pivot currently at 1985 SPX500 CFD. At the moment if resistance holds with observed selling, am looking for possible more downside price action. If price can trade above 1985, price could try to trade back up to highs? To be honest, I have no clue where the SPX is heading!