Rejectioncandle
MFT/USDT - LONG - POTENTIAL 27%Look after your portfolio and it will look after you & If you liked this idea, please like and subscribe to my profile
PAIR: MFT/USDT
T/F: 1 HOUR
LENGTH: MEDIUM
RISK - MEDIUM
ENTRY: 939
TP1: 961
TP2: 1023
TP3: 1084
TP4: 1139
TP5: 1198
SL: 882
NOTES:
- IF TP1 AND TREND LINE IS BROKEN THEN STRONG INDICATION OF FURTHER TARGETS HIT
- UPTREND
- SUPPORT BREAKUP CANDLE
- STRONG SUPPORT ZONE
- CONSOLIDATION TO PULLBACK ON SUPPORT
- STRONG SUPPORT REJECTION CANDLE
KEY:
LENGTH:
SHORT = 1-2 DAYS
MEDIUM = LESS THAN 1 WEEK
LONG = > LESS THAN 1 MONTH
INVEST = MORE THAN 1 MONTH
RISK:
LOW = EG. STRONG SUPPORT // MULTIPLE BOUNCES // STRONG UPTREND // OVERSOLD // BREAKOUT > PULLBACK > SUPPORT // REJECTION CANDLES
MEDIUM = EG. BROKEN SUPPORT // TREND REVERSAL // CONSOLIDATION
HIGH = EG. NOT FULLY BROKEN SUPPORT // OVERBOUGHT // OVERLY MATURE UPTREND
***Please note that all of my suggested Entries, TP's and SL's always ignore any precursor 0's***
Please always trade with caution, manage your trades and stop-losses This is not professional financial advice, just my thoughts and trades I am
AUD USD short 1 hour intraday trade Swings
The technical side;
Supply imbalance - weekly
Daily - manipulation move in the supply zone
1 hour chart shows a wedge pattern which allowed the bullish momentum to correct and look for upside potential, however this failed and we caught the trade during the London open.
If you did not catch this move, this is no problem. Look for a pullback and re-enter when price has shown good wicks to reject upside moves.
or Fibonacci 1 hour levels for intra-day trades.
Watch out for on the way down for false dips, but the confluence of the trade will take us down to a level of 67.5 before hitting a strong zone with a trend breather, we will look to close 80% of the trade around 67.5 level from here we can expect consolidation build up below this level as the busy days of the week are Wednesday and Thursday.
COT:
Long Short Total %Long %Short
Avg_13 26,250 58,009 84,259 31% 69%
USD is showing it's strength now as a time of uncertainty.
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Updates on our pairs as and when we can.
Swing trade out looks
10 years combined experience in capital markets
simple breakdowns for beginners to advanced .
KISS - keep it simple stupid.
We trade purely from naked charts, less indicators - remove the noise.
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Team Lupa.
DJIA: B wave reaction rally of ABC minor correction pause to ATHGot a typical reactionary rally after breakdown from rising wedge. Price moves back to kiss TL then rejects into C leg. This is a minor shallow correction of perhaps ~3%; a pause on road to ultimate ATH.
Gaps to fill down to 2949 on SPX will be the best yardstick for pivot. Buy all-in when price fills that gap IMO. Donald will make some deal with China soon as he wants to get elected, and that draws near. Expect some development in mid-Dec as catalyst.
Market knows he will get re-elected, Dems have no competitive candidate in field, their prospects are amusing at best and impeachment is a farce.
This isn't investing advice! Trade at your own risk! GLTA!