The Trade Desk Short Setup Trade the Range until it breaks and here we have a classic example .
TTD has been inside this range since Nov 2020 and has respected
the Top , Bottom and mid range of this descending channel .
We are currently approaching a key resistance at the top of the
Descending channel .
Hitting the very top Fib level that I have marked and rejecting there would add to the
pattern thus far of another lower high.
This of course can claim that resistance and hold but keeping things
simple and trading the range until it breaks is the best play.
SL placement is straight forward here and depending on your appetite for
risk the widest option is above the ATH or the alternative lower highs depending on your entry and risk management .
Know your invalidation and Like and Follow for regular analysis .
Shorttrade
SHORT trade for GBP/USD Short trade for GU. A little premature on my entry but it wound up not being so bad. Solid show on the minor resistance to the previous major. Barring any bad news from either country, I don't expect too much resistance towards my profit target. I am currently in this trade. Will keep up to date. Here are my numbers for the trade.
Entry - 1.37144
Stop Loss - 1.36141
Stop Loss - 1.35814
Risk - 1%
R/R -2
As always,
Stay safe and stick with your plan.
SHORT trade for GJShort trade for GJ. Finally broke past support and made a move to the downside. I expect to see a little bit of price action between the minor resistance levels on the way to my profit target. I don't expect to see much overall resistance for the move to continue seeing as there are no major news announcements for either country at the moment. Price could very well head all the way down to the previous support level below my profit target. Here are my numbers for the trade. I am currently in this trade and will update with news on the trade.
Entry - 155.552
Stop Loss - 156.052
Profit Target - 154.560
Risk - 1%
R/R - 2
As always,
Stay safe and stick with your plan.
USD/CAD LongThis is a short term 4H long trade as we expect dollar to appreciate in value as the FOMC is expected to announce the tapering of the QE Program this week. The ISM manufacturing PMI at 4 PM GMT will be the key catalyst of this trade if it comes out POSITIVE and beat the market expectations. However is at 4 PM GMT the Manufacturing PMI comes out positive without the price reaching entry level, you are clear to take the trade.
New Ginsu Knife PatternAMEX:NXE
Here is a pattern that I am seeing more and more when drawing in charts. I use it to short stocks. This is for entertainment purposes only. However I am nailing some shorts and actually make money with this pattern. Lets see what happens. Hoping to find more Stage 3 Tops with this.
GER30 Short Trade SetupIt seems like we may have a complete running flat between the green lines. If this is the case, a reversal structure should be in the making. I'm waiting for a trade setup on the lower time-frame to sell it. The second scenario is a correction over the blue trendline and more upside. That's why I'll try to move SL to BE around trendline if I take a trade.
UPL-Short trade opportunity -Futures trade Hi Traders,
As per the above chart , UPL is currently at good support zone, if the price breaks the support zone in downward direction and closes below Rs.693/- (in 1 hour chart) you can take the short trade, stop loss is based on your risk appetite and Target 1 is Rs.640 to 630 and Target 2 is Rs.600 to 590/-.
1 Lot of UPL futures is 1300 shares and margin required for this trade is around Rs.2,35,000/-.
This analysis is for short term trade (i.e. Positional trading) and not for intraday.
Note : This is not a financial advice and trade at your own risk.
Thank you.
Enjoy the trading.
SELL LITECOIN! Move to SHIB!If you hold LiteCoin, ask yourself WHY? If it's because "it's number 3", that WAS accurate. But research and verify with the charts.
Compare to the gold standard, Bitcoin, Litecoin is a confirmed looser! Sell and by BTC if you can understand this chart. If you want #3, I challenge you to tell me which coin, Comment below.
From a pure metrix and risk/reward, SHIB Shiba Inu, Is the rocket scientists' choice. The mascot astronaut is on board and we're about to take off to SHIB
$0.00003 ->
$0.0003 ->
$0.003 ->
$0.03 ->
$0.01 over a decade?
Is it ok for you for you to wait? On this rocket, "moonshot" is just to refuel for Mars! That's the destination.
PS Serious money should really be on ETH and BTC.
CADJPY Short Trade SetupAlthough we have a new high, the previous monthly top (the red A), which is shown by the dashed line, hasn't been broken yet. This means, the monthly structure remains a running flat. That's why I want to take a short trade. Structure-wise, the minimum target will be 73.700, but it won't be my trading target since it will take a long time to get there. I placed a pending order under the potential reversal impulse. The risk here is having a small correction like the previous one that is marked by the yellow box. If it makes a bigger correction like the blue one, we will have time to move SL to BE.