Possible Demand AreasHi traders,
The yellow areas are the areas where there are high demand to buy or sell. You can short or long depending on the position of price regarding those areas.
Also If there is likely a breakout, The volume generally shows us if it is fake or not. So,
1- Positions are indicated. Do not set high leverage in these volatile days
2- While you are taking short or long positions, must look at the volume. If the volume is decreasing toward the demand area or trend lines, then it is likely to bounce from there.
Note: Do not forget to decrease your cost by taking profit at proper levels. I won't share any of these levels because it depends on your wallet and your own risk.
Stay safe ^^.
Scalp
US30 Dow Jones ---- Long on H1 Scalp Trading IdeaHigher high, higher low, bounce off 200ema, targeting next area of resistance and the following area as TP1 and TP2 respectively. Let's see if it plays out.
Trading Idea --- NOT AN INVESTMENT OPPORTUNITY
USDCAD H1 Short on Monday's Open (Scalp) IDEAShort Opportunity - Read description. Quite straightforward, targeting the demand zone at 1.2056 area. May go down further but will be looking to take most profits at 1.2056 region. Could get close to the major 1.20 support level.
TRADE IDEA --- NOT AN INVESTMENT OPPORTUNITY
LevelsAll market structure levels are based off of high & low volume nodes.
Dashed Lines = LVN , low volume node.
Solid Lines = HVN , high volume node.
Green = Highlighting bullish structure nodes.
Pink = Highlighting bearish structure nodes.
Blue = Market structure level but no bias at current time.
Requested: Update on WINUSDT (yet another scalp, maybe)After my last idea on WIN, which played wonderfully as expected (.012 to .0.15, see previous idea), this altcoin did get into a descending channel, bringing the price all the way down to .0009
Right now everything looks bearish, there’s no volume (barring the exact candle that got the coin out of the downtrend, most probably a whale/insider bought to save it).
However, we can wait and see a break out of the green triangle. If this does happen with a strong volume candle, we can expect some kind of parabolic move to at least the first resistance, which is at 0.012. Pay attention to the 4hrs candle the most, don’t be fooled by some fake breakouts in the 15m/1hr.
Good luck, and stay safe!
Not financial advice.
Potential 80+ pip tradeExpecting AUDUSD to rise to near 0.78 at the top of the current consolidation zone. AUDUSD recently broke out of a bullish wedge on the daily and ranging between 0.7680 and 0.7820. There is completed double top formation on the 4 hour chart and this next move would be a retest of the neckline. There's also a nice pinbar (dragonfly doji) at current support on the 4 hour.
WHAT A GOOD DAY TO SCALP !!!!!!!!GO TO 1M AND 5M TO UNDERSTAND IT BETTER
USUALLY DONT SCALP BUT HOW CAN YOU MISS AN OPPORTUNITY IF ITS IN FRONT OF YOU /////////////// AND IF YOU ARE NEW TO TRADING JUST PLEASE DONT DO THAT IT WILL BLOW YOUR ACCOUNT.
50+ PIPS BANKED FOR TODAY.
JUT USE PRICE ACTION TRY TO SYNC WITH THE MARKETS.
STOCH RSI I USE IT FOR POSSIBLE PULBACKS STILL ITS AN INDICATOR BUT PRICE ACTION WITH THIS INDICATOR IS MIND BLOWING
Potential 50+ pip retracement tradeExpecting EURUSD to find support near the strong psychological level of 1.20, which has been tested multiple times recently on the 1 hour chart, and retrace to 1.2050-1.2060. This retracement within this correction is in line with overall trend from the daily frame as price is still in an expanding bullish wedge on the daily chart.
$TKAT bull run next week?If you missed the $TKAT and general NFT craze from a few weeks ago, it's back. $TKAT has had 3 strong days and now closed kissing top of Keltner channel closing up 36.65% :o
Generally I don't like to enter swing trades Friday afternoon or after such a strong green day, but made an exception here due to the potential for an explosive move next week. $TKAT did this before on it's insane March 15-23 run. On the daily we see something looking like a Bull Flag Breakout. Resistance free to $46. If it breaks though that with force I think there a shot at breaking all time highs at $74 to who knows where.
Trading these guys is tough as they jump around A LOT, up to 40% a day. If you're only into FANG and fundamentals, this is NOT for you. I'm trying to be careful with my risk management and hope you will be too. This is very low float and with 42% insider ownership, so if they hold we're good, if they dump... well not so much.
Any thoughts on all of this? Agree? Disagree? Please let me know. I want to hear your analysis. Any tips on holding through gut wrenching pull backs on this kind of trade and timing the exits would be appreciated..
SRM/USDT quick long entry for a express tradeAs you can see from the 1H chart of SRM, we are seeing a resistance breakout. This is a good sign for a possible bull moment.
We can enter a quick scalp trade at the current price with 1-3% trailing stop-loss.
I will update if there are any changes in the trade.
Cheers