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$SPX - Short Or Long? Range 3706-3818I'm not sure if SPX is going to continue doing what it has been for most of the week as usually the last day of the week can be a turnaround day. SO I've drawn up a lot on this chart that I've hidden but, I'm looking for two thigs to happen and either way I don't think it can go wrong. 1. The day starts at 9:30 a.m NY time and it moves up into the box I have set between 3798.6-3818 at that point I would should as has been the case for the last two days and the price will reach for a low that would be lower than yesterdays low between 3722-3706. 2. Or the the day could start and thE price reach into that low mentioned above 3722-3706 but we see a rebound at the end of the week and long the SPX at this point until it hits the box above around 3798-3818. 3. There is a third option I see less likely but still likely, and that is as the day starts, price reaches just below 3722 before longing just above it's current high 3783 before plummeting further down. I'm waiting til 9:30 to make a better informed decision but I just wanted to put my thoughts out there as the possible scenarios as to what I believe will happen wIth then SPX. I'm leaning toward option 1, but that's just me. Will Update at 9:30 or just post the idea to short or long. And my finger will be ready to press either button on MT4. OANDA:SPX500USD
OANDA:SPX500USD
by BodiesXWix
$ETH - Bullish Buy Entry Since Break Of Structure (1496)Since the most recent low of 1293, we have surpassed an intermediate high signifying a break of structure, hopefully turning a bit more bullish although I fully expect ETH to go sideways for quite some time due to gas fees and Cardano and PolkaDot taking up market share. Nevertheless, Etheereum is still in a class of it's own. I am expecting a pull back below current sell-side liquidity points but not lower than the bounce at 1420 or else that would shift the market structure bearish again in which you should be out of the trade anyway. Exit strategy would be to aim for equal highs where there are around 1605, 1677, and the last spike up around 1715. The third target is at the 162% extension which is a great confluence with this trade. These are my take profit zones. Checking on the 4 hour time frame is where I derived most of this idea. However there is a small gap that it could reach if it does get past the stop loss. 1398 -1413 is the "NO, But if Yes Entry" Zone. I don't want to see it get here but if it does I will reluctantly enter a trade once it EXITS this zone, not while it is entering it as it could drive down even further. Let me know your thought's. And Good Luck!
BITSTAMP:ETHUSDLong
by BodiesXWix
01/03/2021 London open 1st day of march, with the summer rapidly approaching, I have set myself a target to be a full time trader by June this year. In order to do this I will have to gain 20% on my account every week. Looking forward to the journey and also showing it day by day, to the people who f*ck with me on here! Monday morning start of a fresh week.. 3 potential entries this morning, the one i'll be going for is EU. Remember take at your own risk, this is just my personal opinion. Happy Monday people.... #7FigureGANG
by Tommyfade
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