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Ethereum remains stuck in the same liquidity zoneEthereum remains stuck in the same liquidity zone. It has shown a bit of strength in the past few days, but the buying pressure is still not enough. I invite you to check out my analysis on Bitcoin, as it’s currently in a bullish pattern that will cause Bitcoin to take off very soon, which will pull the entire crypto market, including ETH, along with it. So, for now, we are still in the same zone I indicated several weeks ago and moving sideways. Thank you for supporting my analysis. For now, it's just a matter of waiting and continuing to buy for the next breakout! Best regards.
COINBASE:ETHUSD
by RocketMike111
SPY Lovers ! Bullish and Strong but wait... there is a challengeThere's really not much to analyze here. As we can see on the chart, SPY remains strong and in an upward direction. What I'm expecting: I'm waiting for the price to reach my 565.16 zone as a rejection or liquidity point so that it can regain strength and eventually break through the zone later on. Other than that, there's not much to analyze—SPY remains strong. The challenge this week will be reaching new highs, as we have very important economic news coming up, which could bring a lot of volatility. We'll see what happens this week. Thank you for supporting my analysis.
AMEX:SPYLong
by RocketMike111
Trading EURUSD | Judas Swing Strategy 12/08/2024We ended last week on a positive note, with four trades taken and three big wins on #EURUSD, #GBPUSD and #NZDUSD. This success has heightened our anticipation for the opportunities this week may present. We began our trading day at 8:25 EST by marking the zones for the Judas Swing strategy. This is a fundamental part of the checklist and cannot be skipped. After an hour and 5 minutes, there was a sweep of liquidity at the high of the zone, indicating we will be looking for potential selling opportunities this trading session. Following the liquidity sweep, there was a break of structure (BOS). Now, we simply need to wait for price to retrace into the fair value gap (FVG) that was created before entering a sell position. Although we had a bias for the trading session, we do not rush into every selling opportunity. Instead, we wait for a Break of Structure (BOS) on the sell side. The price leg that establishes this BOS should leave behind a Fair Value Gap (FVG), and price must retrace into this FVG before we consider executing a trade using this strategy. After 30 minutes a bullish candle filled the FVG, indicating that upon its close, we could execute our trade as all the prerequisites for entry on our checklist were satisfied. Our position was profitable for approximately 15 minutes before plunging us into a drawdown. During this drawdown period, we remained composed because we had a solid risk management strategy and only risked what we could afford to lose. We allocated just 1% of our trading account to this trade, targeting a 2% return. After 30 minutes into the trade, our stop loss was triggered, resulting in a 1% loss of our trading account. It's important to note that incurring losses is a normal part of trading. This particular strategy has a win rate of approximately 50%. However, with a positive risk-reward ratio of 1:2, adhering to this strategy can lead to consistent profitability in the long run.
by CleoFinance