Swing Sniper Signals Long for $EURGBPLong signal printed. Coming off bottom of bearish channel. Should be long @ market open up to 0.8590 (near top of channel and major supply zone).
Pivotlow
NQ Power Range Report with FIB Ext - 3/28/2024 SessionCME_MINI:NQM2024
- PR High: 18507.00
- PR Low: 18477.00
- NZ Spread: 67.0
Key economic calendar events
08:30 | Initial Jobless Claims
- GDP
09:45 | Chicago PMI
Prev session closed flat with high vol
- Another inventory dip back inside week range
- Holding inside prev 3 session range
- Last trading day of month ahead of long weekend
Evening Stats (As of 12:05 AM)
- Weekend Gap: N/A
- Gap 10/30 +0.47% (open < 14272)
- Session Open ATR: 232.83
- Volume: 21K
- Open Int: 258K
- Trend Grade: Bull
- From BA ATH: -1.0% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 18675
- Mid: 18106
- Short: 16963
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
BA: Back Adjusted
BuZ/BeZ: Bull Zone / Bear Zone
NZ: Neutral Zone
KO - a Warren Buffet Fav setup long from bottom of cycleKO as a long standing Buffet holding- is a slow mover with a decent dividend. For stock and
options traders like myself, it is now well positioned for a long trade. KO's recent pivot
highs were early to mid May with the highest trading volume at $64 according to the interval
volume profile. KO descended mid-May into June 1st and then had a Fib. retracement and
reversal. On the 4H chart, KO price is now at the bottom of the high volume area of the overall
while the RSI / MTF ( Chris Moody) shows relative strengths in the range of 25.
I see this as a classical opportunity to buy low and sell high. Trade specifics are a stop loss
of 59.30 and targets based on anchored VWAP lines of 61 (25% off) 62.5 (50%) and
63.75 (25%). As a low-risk trade for the stop loss compared with the potential profit, I will
devote 5 % of the account to this trade. Once price hits $60.25, I will raise the stop loss to
the break-even price of the entry and the trade will become stress and risk free. I will
select an entry buy focusing down onto the 5-15 minute time frame. Profits from a low
risk trade like this will be re-deployed into others a bit riskier as a means of stratifying
risk and its managment.
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EURZAR Trade Idea On September 6th 2022EUR/ZAR hit take profit from the September 6th, 2022 trade idea.
Link To Chart:
Link To Image:
How Low Will it Go?Maybe halfway down the flagpole. Had a pennant form around 4700, usually a continuation pattern.
Might get another waterfall straight off, or a B wave and then lower. 50 DMA likely target for support.
Be Real Carefull about Buyin this Dip, these dots may not be done dippin. A bounce is certainly possible before lower, wouldn't bet on it.
We had two weak bounces, failed rallies on 1/6, 1/7 suggesting there just might not be much bounce in this Tigger.
There is a definite impulsive EW pattern in the downtrend suggesting it may bounce first and then rollover again.
(Not shown, see it better in smaller timeframe.) A pivot reversal will appear within a few sessions IMO, leading to a right shoulder.
Not investing advice; trade at your own risk! GLTA!!
#bitcoin - Daily Parallel Channel & Yearly PivotGood morning traders,
some of you have taken a long position yesterday, after the small inverted Head & Shoulder on a smaller interval seemed to break upwards. The target for this small IHS is roughly located just under the so important Yearly Pivot . The November is nearly finished and we will get new Monthly Pivots in a couple of days. To be honest, I am under the impression that it will be decided between the Channel Middle Line and the Yearly Pivot if this heads further down towards Quarterly S1 or will end this correcture. A bearish retest of that Yearly Pivot is within possibilities and would send us likely to the lower 6k´s.
To mention is the regular bullish divergence on this Daily and the fact it accepted again the Channel Support. We are not out of the woods, but have a new local low with a key-level to break, before further down-action. (blue)
Happy trading.
_________________
Neru
Major Resistance Ahead for Bitcoin.Bitcoin is approaching a major resistance point that it has already failed on the last two candles, forming a pivot. If this pivot begins to fail for a third time I will look for a Daily short play with a loose target around the daily pivot high and daily pivot low.
If we can S/R flip this Weekly Pivot then I will look for a Daily Long play with a loose target around 8900-9400.
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EURUSD - buy after new low createdlooking to buy near the low and support as described on the chart.
Best of luck :-)
looking to buy XAGUSD after another low will be madeXAGUSD is going up as everyone can see + price is above major support ( from daily and 4h charts ).
So i will look to buy in support zone after accumulation / reversal pattern as described on the chart.
Best of luck :-)
looking to buy AUDNZD after break above resistance and retraceAUDNZD bounced from the channel bottom and stalled under resistance.
I'll wait after resistance will be broken and buy on support after some accumulation / reversal pattern .
Best of luck :-)
Buy audusd in support zoneThis pair is in potential reversal zone.
Target upper resistance and near top of the channel.
best of luck :-)
USOIL - looking to buy after more Price actionAfter a rapid move down Oil stalled on support area.
I'll be waiting for more Price action to come , will wait for a reverasl pattern / some accumulation and false break of a low before buying.
Best of luck :-)
EURGBP possible buyPrice inside strong buy zone - looking to buy after reversal pattern.
Might get a nice pivot long here if trend will continue to the upside
RL breaks down below previous supportEarlier this month RL broke down below recent support and beyond the consolidation zone where price has been trading since mid-2013. The downtrend began to develop a few days after the earnings announcement on 4th February.
Throughout the majority of February price has been trading between the lows of 2014 and 2012 - with 2012 acting as support and 2014 as resistance. On Friday price broke below the 2012 pivot, with a very bearish bar, and the weakness looks likely to continue.
With the next major support zone at around $105 there is some room for price to continue to fall. There may be a retest of the 2012 pivot and, on the weekly chart, the 50ma is still above the 200ma (we would ideally like to see the weekly 50ma cross below the 200ma to give us an additional reason to short this stock).
RL is trading against the markets in general and, if entering this trade, it would be a longer-term sell (to give the bear trend time to develop). With over $25 to the next support level this could be a good opportunity for those who are happy to short stocks at this time.
