EURUSD EMBARKING ON A BULLISH ASSIGNMENT TO PREMIUM PRICE. Last week we saw price took out the sellside liquidity in the old lows below, before Friday last week we saw price distribute slightly lower, were now currently at deep discount on EU and were going to start seeing smart money push the price up.
as I we know, smart money buy at discount and they sell at premium.
we already have an institutional backing on the bullish move, we have an order block which is the sign of the banks or smart money placing their orders to get prepared for the bullish moves.
I'm expecting price to take out the series of buyside liquidity above the old highs marked out above, seeing it return to a fair value at premium before we start expecting the reversal in the direction if the order flow.
EU is going to be bullish for this week, going long will be more profitable than short positions.
STEFANFX.......
IDEA
DJIA1! SHORTS 1HI'd like to say to everyone reading this hello! I like to draw symmetrical lines and uncover hidden meanings in their relationships. This is a chart of lines I have drawn. Sometimes I like to illustrate my drawings with icons. Historiclese ensures the historical accuracy of each drawing. I hope it speaks to you too!
HAVE YOU TICKED THE BOXES!?!? PLAN/RISK/EXECUTEIts simple.. fail to plan, plan to fail, just a few things that a plan includes are entry and exit rules, any rules that you can add to control your behaviour behind the chart, set times to trade, your strategy and the list goes on depending on the trader... a risk management strategy also ties into your plan, for me risk is the game changer in becoming a consistent trader. In your risk strategy you should have what your comfortable losing each trade, where to place stops, lot sizes, your leverage amounts to stick to your total risk each trade.. a strategy in place will ease the mind and give you a lot more control when in positions. Of course you need reasons for entering the trade.. how many confluences do you have? time frames? does it fit my trading strategy? is this my decision not based solely off someone else opinion... there a many questions to ask yourself without getting to confused... the market as I've always said is a hard way to make easy money, most will fail but the ones that want to learn and put the time and work in can succeed. Anyway hope everyone smashes it this week!!
BREAK AND RETEST OF THE TRENDLINEThe simple beginner-old way of trading. A basic break and retest of a downward trendline.
BTC - BITCOIN LONG TERM VIEW!Without going into to much detail I've got 2 areas that I like the support from... major area of 12000 which was the high of 2019s bull run and the area we are currently struggling to break through at 20k which was the high in 2018. I like the idea of short term positions from 20k but I do believe we may make one last push down before bringing the bulls back in control. Many outside things affecting the price at the moment but been a crypto currency we have huge potential for long term plays. This is just my view so make sure you do your own analysis and research.
Gold Setup Idea: Pre New York (Oct 6, 2022)Here is my analysis during Pre-NY. I will likely wait for either a bullish break out to retest the highs; or, a bearish reversal where price breaks down, and if it retests the support as resistance, and continues bearish, that would be a sell in my eyes. Remember to follow your trading plan today and stick to it!
US30 - How I See ThemHello guys, its been a while since last time i make a posting regarding my analysis, so here 1 of the trade idea i saw...
Gold Setup Idea: Pre New York (Oct 5, 2022)Analyzing price action from the past 2 Sessions, Asia and London, I see bears stepping in. The Bulls are hitting daily resistance and may need to breathe. Asia and Pre-London both retested the high formed, both Monday + Tuesday were very bullish days, so I am not going to be surprised if we see a Bearish NY session today, or possibly some consolidation. But what I am looking for is price to break the 1H Support, and then form a LTF resistance; once the resistance low is broken I will enter my short trade assuming the range is still 50+ pips.
USDJPY BEWARE OF THE MANIPULATION!! UPDATELooking for shorts but still holding off for now, price struggling around the resistance but also giving no real direction. Ill be waiting for a better move and if you are taking shorts now I would be keeping stops nice and tight! Never forget the overall directions!!
NAS100 Short idea Entry : 11740.88
Stop loss : 11976.74
Target 1 : 10833.75
Take profit : 10666.13
RRR : 1:4.5
Gold Setup Idea: Pre New York (Oct 4, 2022)Please note that these long and short positions are not at all strategically positioned; instead I simply am showing a general idea of what price could do, so please set your own SL and TP. But the fact is price has been extremely bullish since last week when the weekly candle respected a supply zone. Price is now retracing which shows us the bullish daily candles, and today may be another bullish day. I could envision price forming support pre-ny on 30M timeframe around $1700 level for another retest of london high, and then potentially further. But if price returns bearish on 1H and close below $1700, and then continues below $1695, sells could be very good too. Let us see what NY has in store for us. Also, News at 8am to remember.
BTC Monday For Crypto WatchersBTC Market is open 24H a week and seven days a week. What does that mean for traders? I need to be on point while trading! More Hours are put into analysis and following Trends. More work and hours following Movements of the market. It is all over the place. Hard to believe one idea, but you can learn and Backtest an idea until you get it correctly.
BTC Volatility will show us a movement if it will likely move to the Bearish or the Bullish side very Soon.
It's great to keep track of these data for future trading Strategies and more illuminated entry and exit points.
Todays #CryptoWhale100Billion Analysis:
I am more bullish due to the resistance at $19100 and a large buyback broken up to $19500-$20000, and we may see it run around up to $20600
For Bearish if it can not break the $20000 line we will see it go back to the $18000
Shoot me a message with your Technical Analysis would like to see what your thoughts are and trading strategies.
Have a wonderful week!
Gold Setup Idea: Pre New York (Oct 3, 2022)It is a new month! Here is my first setup idea for today's NY Session based on last week and todays price action. Keep in mind news at 10am est, ISM Manufacturing PMI which could impact USD and Gold. I am leaning towards longs based on recent price action but if price breaks down i will look for support to form below $1659 on LTF and then sell if the low breaks. But probably looking at longs today - what do you think?
EURUSD SELL OFF COMING?!!?EURUSD I'm expecting to see another longer term push down to 0.95600 to continue long term trend as DXY bulls still in full control. Another failed push into my sell zone will be confirmation for me to enter shorts to at least take out 0.975 but hopefully back down to long term support at 0.956.
NIFTY50 is looking Bullish.🤑 Nifty is likely to be Bullish till it's above 16930.
❓ Reason: Because there is ATM Machine No trade Zone Bottom Point.
🚧 Upside Hurdles: 17100, 17240.
🌈 Advice: 1.) Take reversal trade near these levels, or 2.) Wait for Breakout and Sustainability.
🟢 Positional Trend is Positive.
🟢 Long Term Trend is Positive.
📢 Disclaimer: We are NISM Certified so we don't hold any position in Nifty Future or Options as per SEBI guidelines. Take trades as per your own technical analysis, we are just educating you. We are not using any type of indicators for finding out of levels.
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