PG - range bound This is my kind of gamble...Proctor Gamble. Less of a gamble when you allow the trade to come to you.
Knowing where yearly high/low sit, you wait for the perfect setup. Although not 100% perfect yet, we have the price bouncing off yearly acting as support with pinbar setup pinning not only off of support but the Bollinger band as well. A solid confluence. With the TRND Bot buy signal about to fire, I'm heavy on calls here once I see how Tuesdays open turns out. Placing a stop loss right under support makes this less of a gamble trade and more of a proctor trade!
"Proctor is a person who takes charge of, or acts for, another. Purpose to provide accountability" Are you accountable for your trades?!
Good luck and safe trading!
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Rangebound
BP - Range BoundBP bounce off key support created a opportunity to buy on the pinbar candle off support. I waited for the pin off and retest of support for my entry, this is the most conservative entry on a pinbar setup. You can enter at close of pinbar to aggressively enter the market. I waited for confirmation of TRND Bot buy signal! Clean charts = Clean profits! Long calls to $25.
If you like this idea follow for more and hit that like button! Good luck! Trade smart! Cheers!
Neo relief rally in Q1? Long-term downtrend so no reason to be bullish vs BTC at present
NEOUSD chart has reasonable chance of rocketing up to ATH in the next 2-3 months, given how often its bowl market structure has repeated in crypto.
If it does can expect revisit of the top of this range.
No idea if NEO fundementals are still good. Was big coin in 2017 so let's see.
USDJPY 103.96 - 0.25 % * PRICE ACTION INTRA-DAY OPPORTUNITYHey everyone
A look at the DOLLAR / YEN the pair has been range bound within support & resistance structure perfect opportunities for the more aggressive trader.
if you are looking to hold the pair swing we wait for that break out and confirmations of the move.
many stars must align with the plan before executing the trade, kindly follow your rules.
LET'S SEE HOW IT GOES..
HAPPY TRADING EVERYONE & LET YOUR WINS RUN...
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ENTRY & SL - FOLLOW YOUR RULES
here's some of my rules if they help.
1. look at structure be it descending channels, pennants and so forth.
2. RSI is overbought/oversold so will be looking for a pull back to structure before continuation.
3. will be looking for entries from 30M , 1H, 2H & 4H time-frames if taking the trade long term.
4. aggressive trades can be executed on the pull back
5. price action must definitely align with the plan.'
6. structure definitely
7. the 20 EMA must be respected as support / see a bounce at this structure
8. FIBONACCI EXTENSIONS AS GUIDELINES FOR SL & TP'S .
9. CANDLE STICK PATTERNS.
so i will most like's enter this one in a bit but i hope this idea assists in any way on your trading plan.
RISK-MANAGEMENT
PERIOD - SWING TRADE
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If this idea helps with your trading plan kindly leave a like definitely appreciate it.
AUDUSD — Range-bound with potential upsideAUDUSD is currently trading sideways in a range. A break to the upside, after clearing immediate resistance levels above, could offer a fine long position. Invalidation of this trade idea would be a breakdown below 0.7000.
A support level has formed at the 0.7000 level. This level held on three re-tests throughout September-November, after previously acting as resistance in June and July.
The equilibrium of the range area is supported by the high volume node in the volume profile. Pure price action also shows that this area is a prominent level, as it has shifted between being support/resistance. The level furthermore coincides with a 38.2% Fibonacci Retracement level, measured on the latest move up, as well as S/R signals on the RSI indicator.
Price is presently trading at the higher end of the range. Seemingly, it continues to face resistence at 0.7350, marked with red arrows in the chart. A break above this area would signify strength, and a further break of 0.7415 would likely mean continued moves upwards.
DXY displays continued weakness in its price action, which if continued signals for a good long opportunity on the Aussie-Dollar.
Keeping an eye on developments here. A strong(er) rejection of the current resistence level could potentially also be used as a basis for swing trading downards towards established support levels within the range.
Induslnd Bank bullish Induslnd bank is for the time being range bound
but watching Banknifty, which is at a very crucial point of near 25000, induslnd bank can test the upper bound of its range in future
watch and go long with respect to bamk nifty
if bankfnifty crosses 25000 with good volumes and sustains it then induslnd will easily give target 2 at least
also the area of target 1 is in 0.618 region fib level, so it can be considered as a safe target
safe traders can go for target 1 ( my recommendation )
medium risky traders can go for target 2
while khatro kkhiladi nibbas can target 3 aswell
trade cautiously
use appropriate stoploss
TSLA Still Range Bound, Can't Breakout Without A close Over 431Keep watching TSLA close, it's falling inline with a lot of the other QQQ and Big tech stocks we mentioned in other ideas. AMD, AAPL, QQQ, NVDA and TSLA are coiling tighter below key resistance levels.
If TSLA can get a close over 431 it could finally trigger the move the 450 and 500+.
Price Makes False BreakPrice attempted a breakout higher in this pair last week that turned into a fakeout with a daily bearish 2 bar reversal.
Price was looking to breakout higher and through what has been a tight ranging period.
Now price has moved back lower into the range, more sideways price action could play out.
In the short-term the intraday price flip level we discussed last week looks important. If it holds as a new resistance it could contain prices lower.
(Episode #386) CADJPY - Support and Resistance (9 Aug 2020)I am waiting to short CADJPY, a retracement to the sell zone or at least at the previous consolidation area 79.70 will be an ideal level for me to engage the trade.
Sometimes analysis is that straight forward and you just have to wait for confirmation and engage the trade from there.
S&P500 in short term consolidationThe S&P500 futures the ES1! 4H chart shows a consolidation range of about 150 points with the 55EMA running in the middle of this range acting as a medial resistance. The 4H MACD suggests of a bearish bias; and breaking out of this range below the support means a continuation of the downside. 3100 appears to be the strong resistance at this point.
Some things are clear:
1. The S&P500 peaked out at 3230 (see daily chart too); and
2. The daily MACD is in line with the 4H MACD crossover into bearish territory, likely over the next two days.
We had earlier warnings, now is yet another. Watch carefully.
Last chance!!
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Do share your comments and views too, please. Am open to exchange views and learn from each other.
NZDCAD Intraday BuyNZDCAD is still trading within the range of 0.87200 and 0.87820 and right now we've seen it reject prices lower then the 0.87200 support zone. The market simply created pinbars confirming that the price is rejecting. A buy trade would give us a Risk-reward of 1:2.5 and greater depending on the entry level.
Thanks for viewing.
Comment with your thoughts I'd like to hear them.
Disclaimer
the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
USDJPY-Weekly Market Analysis-May20,Wk4During Wednesday Midweek Market Analysis, we did talk about this didn't we?
The double top was there at 107.54, I've shared that it has to touch 107.33 and wait for a rebound before I will be interested to short at 61.8%-78.6% rebound. See what happen to the market. Isn't that beautiful?
Stay close in our community for every session so you won't miss out any of the trade ideas. Most important is to observe how the trade ideas were generated.
Right now I'm waiting for it to retest the previous high for a shorting opportunity. The overall trend is still on a bullish setup.