On EUR/CAD, we have a bearish setup following the PMI data in the Eurozone. The market is approaching the level of 1.4570, where we have a Forex48 block, indicating a potential reversal zone. If we receive valid confirmations on the M15 timeframe, a long position could be considered with a target at 1.47, aiming to capitalize on the inefficiency created by today's...
GU is currently at a significant level. This region is favourable for short positions. I anticipate 0.38/0.50% fib level of retracement to be swept. This also aligns with daily FVG. This is not financial advice. Do your own due diligence. Longs are then to be expected as COT increases in long positions.
On the SPX500, we have a bullish trend and a price that, after the approval of the US debt package, could reach the 4300 area where we have a supply zone in H1. The price could bounce before going back down to the 4130 area, creating a short setup according to the Forex48 strategy. Let me know what you think. Happy trading to everyone.
On EURCHF, we have a bearish setup this morning with the price declining and forming a short setup, making it an excellent entry point around 0.971 area. The trade offers a 1:25 risk-to-reward ratio, which is a great setup with the Forex48 strategy. Let me know what you think. Happy trading to everyone.
Follow up from our last DXY post, this is our smaller time frame possibility if we don't break out of this range! not a huge amount to add to this, very simple setup just an alternative to our bigger bias overall. We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below...
Hello Traders / Investors Seems like Wall st. Cheat sheet is CORRECT. Sad for me I realized it too late and missed some profits in last weeks. Considering my DXY Elliot Wave coun, my expectation is another drop of STNE price where wave C will be 1.618 of A = Price around 5.5 USD. (Best place to buy some shares + Also watch Konvergence of RSI on 1D/1W TF). ...
It's a killzone. It doesn't mean you're going to make tons of money. In fact you have a better chance of losing money. Unfortunately - I tend to talk more about losses, cuz it's the most important thing in trading to control. Sorry! Assess your ATR, on this time frame. Know your acceptable loss. Control the loss if shorting in the killzone. Prepare to lose!...
Price is slowly inching our direction shorts! Looking for downtrend to continue and first major pullback around 1.205
So these are the 2 possible scenarios I see taking place. If you bought in at the first support and are worried don't be its probably gonna graze the 50% fib support and should bounce off of it. I have drawn 2 different pathway's for you to look at to get the gist of what I believe we should see over the next 24 - 48 hours. This is not Financial Advice only...
So I know a lot of you have trouble knowing when you should reenter the trade or even enter the trade so I made this up to give u a idea of where u need to be entering into the trade if you sold at the 78.6% lvl and then are now waiting for it to settle. I would say it is going to just barely touch the 61.8% support and bounce off of it and start heading back up...
These are possible entries for both long and short. Keep an eye on MacD on all timeframes. 4hr looks Bearish. Wait for confirmation of a trend line and support/resistance break and retest if you want to be sure!
write AND share you thoughts in the comment below :)
possible short till the marked level , then long till the resistence ( eventually a new high ) let me know if you hoppin on this one ,cheers !
Alrighty guys... Let me get this out of the way now: BIAS: Long-term, I'm still freaking bullish on ADA. If you are bullish on this MARKET in the long-term, then you have NOTHING to worry about with Cardano. It's a legit project with a lot of hype behind it, and it's just finding itself struggle because it was SEVERELY overbought and then dragged into a bear...
Litecoin in a strong impulse. Since falling is the strongest of all. Very low-risk setup on Short position. Shot pulse channel and fulfilled its purpose. Target on the chart
strong elongation in the wave 3, called the truncation in wave 5, which led to the triangle with the outlet down. The release happened on impulse. An upward channel has been broken through. It is too early to talk about a change in trend, but ABC correction will be. Support levels, although they are quite rough. Need to look for the situation
Entry @ 1.0759 Target @ 1.0818 Stop @ 1.0735
Welcome to EBall's trader's thread. Where I analyze Bitcoin's wave count with alternatives and ultimately don't give a damn about what news causes the price action. This is a place of many updates, long threads, and the goal of making money. Opinions change quite often here. Investors beware, this is not the place for you. I still think we are downtrending. Can...