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Long BTC/USDTP - Potential MM's Weekend TrapLooks like a 5-wave Elliott wave move up, with waves 3 and 5 hopefully hitting over the weekend. Wave 0 starting during the NYC session/reversal, potentially offering-up a nice “market maker weekend trap”, topping-out at wave 5. If true, price should also retrace back down for the “midweek reversal” next week. Invalidation (stop loss) would be price closing below wave 0 (red S1 line on the CPR). Shout out to Tino @TradersReality Craig Percoco, @TradeTravelChill and Anup's magical CPR.
Long
by dimuthj
PCDR - FiftyFifty. How to deal with this,As we see, price is sitting right at the CL. But what does this even mean, if price is at the Center line? It is, that price has found it's balance. Anything can happen from here. Chances for Long or Short are 50% in general. Any other hints from the Chart? Yes! Price jumped above the CL. Then it bounced back two times. In between jump 1 and 2, price got hit on the head at the 1/4 line of the white Fork and fell out of the most probable path of price - it's what Pitchforks project (not predict). But wait, there's more! We have a Hagopian. Price was not able to reach the U-MLH. And our rules dictate that price will move in the opposite direction more than from where it came...from the Center line. Ahaaaa... ...so could it be that price will, at least, pierce the CL? Absolutely! So no hurries to jump in too early. Stay tuned and observe this stock! Thanks for any support guys & gals. §8-)
NYSE:PCORLong
by Tr8dingN3rd
#Nifty Expiry Levels for 10-08-2023#Nifty50 Expiry Levels for 10-08-2023 > If you're following these zones then kindly follow the rules too. Risk management, Position sizing, and Rules. > This is my perception of the market so, kindly do your analysis to get more clarity on the market. > These levels might help you guys. As per my view, I'm sharing it with you guys. > This is not a blueprint to happen so, kindly do your own analysis along with my view. Thank you for your SUPPORT.
NSE:NIFTYLong
by Financial_School
Corn: Prepare to pop 🍿Corn has continued to sell off over the last few days and is now approaching our blue buy zone from USX 496 to USX 470. The downward movement in the form of the blue wave (b) should end there. Subsequently, we expect the blue wave (c) to rise to around USX 600, making it worthwhile for prospective buyers to place long orders in our blue buy zone. Our alternative scenario, with a 25% probability, occurs if the price falls further than we expect. In this case, a break of the support level at USX 474.25 would give it significant downside momentum that buyers should take note of.
CBOT:ZC1!Long
by MarketIntel
1
GBPDKK Sideways Trading Strategy! 📈 GBPDKK Sideways Trading Strategy! 📉 Hello traders! 📊 Today, I'd like to present a compelling trading opportunity in the GBPDKK currency pair. The 1-hour chart indicates a sideways market, with no clear bearish or bullish trend. To make the most of this situation, I have devised two trade plans using buy stop and sell stop orders, targeting potential support and resistance levels. 📉 Trade Plan 1 - Sell Stop 📉 🎯 Entry: Below S2 at 8.6742 🛡️ Stop Loss: Above S1 at 8.6852 🎯 Take Profit: 1:1 at 8.6632 In this plan, we are looking to capitalize on potential downside movement from the current sideways range. The entry point below S2 suggests a bearish continuation, while the stop loss above S1 provides a safety net in case of a reversal. The take profit is set at 1:1, aiming for a reasonable target within the range. 📈 Trade Plan 2 - Buy Stop 📈 🎯 Entry: Above R2 at 8.7212 🛡️ Stop Loss: Below R1 at 8.7161 🎯 Take Profit: 1:1 at 8.7263 In this plan, we are seeking to profit from potential upward movement. The entry above R2 implies a bullish breakout, while the stop loss below R1 mitigates risk if the price retraces. The take profit is set at 1:1, providing a balanced reward-to-risk ratio. It's important to note that trading in a sideways market carries inherent risks, and caution should be exercised. As always, I advise using appropriate risk management techniques and not risking more than you can afford to lose. Good luck! 🍀 Happy trading! 📈💹 #GBPDKK #Forex #TradingStrategy #TechnicalAnalysis #SidewaysMarket
by T-Q
Technical Analysis: #EURNOK Sideways Trading Strategy!📈 Technical Analysis: #EURNOK Sideways Trading Strategy! 📉 Hey traders! 🌟 Today, I present to you a fascinating opportunity in the EUR/NOK forex currency pair. The 1-hour chart suggests that the pair is currently moving sideways, lacking a clear bullish or bearish trend. But fear not, as we can capitalize on this situation by employing two smart trade plans with buy and sell stop orders, targeting key support and resistance levels. Let's dive into the details: Trade Plan 1: #SellStop 🛒 🎯 Entry (Below S2): 11.10542 🛑 SL (Above S1): 11.0691 🎯 TP (1:1): 11.0691 Trade Plan 2: #BuyStop 🛒 🎯 Entry (At R2): 11.24950 🛑 SL (Below R1): 11.20195 🎯 TP (1:1): 11.2970 The logic behind these trades is simple. For Trade Plan 1, we expect the pair to break below the S2 support level, triggering a potential bearish movement. The Stop Loss (SL) is set above S1 to manage risk, and the Take Profit (TP) level is placed at the same distance as the SL, aiming for a 1:1 risk-reward ratio. On the other hand, for Trade Plan 2, we anticipate a bullish move if the pair breaches the R2 resistance level. The SL is placed below R1 to protect our investment, and the TP is set at the same distance as the SL, ensuring a 1:1 risk-reward ratio. ⚠️ Investment Advice: Remember, trading involves risk, and it's crucial to manage your positions carefully. Always use appropriate risk management techniques, such as position sizing and setting stop-loss levels, to safeguard your capital. Consider using these trade plans as a part of a diversified trading strategy and avoid risking more than you can afford to lose. Trade with discipline and patience, and never let emotions dictate your decisions. Stay updated with the market developments and adjust your trades accordingly. Good luck on your trading journey! 🍀💹 (Note: This analysis is for educational purposes only and not financial advice. Make sure to do your own research before making any investment decisions.) #Forex #TradingOpportunity #SidewaysMarket #TechnicalAnalysis #RiskManagement #TradingStrategies
by T-Q
2