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Virgin Galactic - SPCE outlook showing signs of strengthLooking a the SPCE chart from a birds eye view it shows the company is overdue for a run. For months it's been trading sideways. It almost looks like it's break out of an inverse head and shoulders pattern. Until recently a spike caused by bullish news sending the stock from around 4.04 to 6.50. On the run up it rejected the 6.50 price and came back mid day to the 4.50 level. The Fixed range volume profile showed from 4.04 to 6.50 on the initial the point of control was shifted to 6.50 where most volume was traded at the top. It showed a new level of support based on the visible range volume profile after it was rejected in the 4.81 - 4.63 range which to me was a buy zone. Even if it drops a little bit im okay with the risk to reward ratio with calls out to July 7th. I wanted to get in it but I wasn't going to buy in at the top. The visible range volume profile showed me that most the volume came from these price levels. The fixed So I took the trade and look for a momentum run up in anticipation of the commercial flight between june 27th and june 30th. The blue horizontal lines represent my take profit levels with the first retesting the 6.50 level. If price moves agressive I'm looking for it to close gaps from the prior months. The closer to launch date I can see it running up because people don't want to miss the run and a lot of buying pressure should be coming in up to these dates. Not to mention there's another flight shortly after in July I believe if there are no delays. We will see how this plays out. My calls don't expire until July 7th after the first flight if there are no delays. Thanks for taking the time out to read this. Trade responsible, Jay #TradeTheWave
NYSE:SPCELong
by FinesseTheWave
Institutional Demand: EUR/AUD LongHi trader! Lovely momentum on CPI today, with price-action starting to chop a bit, but ending up with clean moves! Of course, I try to share as much charts as possible, but that's not really doable here on TradingView... However, I found the time to share a few this week, and now EUR/AUD is added to that list! I really like how price is shaping up within our beautiful demand area, I'll be waiting for the 4hour time-frame to close nicely, and take this hybrid trade when it met all my criteria! Kind regards, Max Nieveld
Long
by newcapitalfx
Institutional Supply: AUD/JPY ShortHappy monday! Just finished my weekly live webinar and now it's time to share some of the charts with you here! One of them is AUD/JPY, very similar to the previous ideas I've shared last week on TradingView. AUD/JPY is getting a bit over-extended, but more importantly AUD/JPY is moving to a very nice supply zone for me! When price reaches this area, we'll be patiently waiting for clear 4hour confirmation to take this one lower with our fixed 1:3 risk to reward strategy. Kind regards, Max Nieveld
Short
by newcapitalfx
Institutional Supply: AUD/USD ShortHappy Friday, Look - the next pair on my watch list is definitely AUD/USD, now that the DXY is showing some weakness, this one is flying towards our key area of supply. A beautiful area to look at for a nice push lower for the AUD pairs. I'll be waiting until the zone is hit, and my alerts trigger. From that point, it is just watching the 4hour chart for me to confirm my higher time-frame bias and look for a nice 1:3 play lower. If it starts falling, of course scale-in opportunities are next for those that understand my type of trading. Kind regards, Max Nieveld
Short
by newcapitalfx
AUDUSD pivots suggest a short scalp`I believe that price is retracing bearish for its 4H higher low, in the meantime, intraday swings on a lower timeframe must correlate with becoming bearish. The 1H has already began creating lower lows and a lower high. I will monitor to see if price creates a higher high of gets rejected at a key neckline, resistance, trendline, and reversal area. There's a lot confluence in this area. Currently price is relatively close to breaching the bearish correction, indecision is needed, along with volatility and indecision or a reversal at a key area.
Short
by DesharedPierreJr.
EURAUD I Approaching daily structure and strong demandWelcome back! Let me know your thoughts in the comments! ** GBPUSD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Long
by BKTradingAcademy
6
I'm correcting errors mid-weekI decided to publish a video about the recent trades taken and the aftermath. I believe that I see structure clearly, however my bias changes depending on the timeframe. I'll be ultimately bearish on Sunday and Monday, then decide I want to be bullish Monday night to trade up to the sell. I understand that counter trend trading is dangerous to the risk: reward portfolio. This video will be watched back 2-3 times by myself as I learn more about the market from "teaching" it. I'll also be posting more videos regarding pre analysis, leading up the decision to take the trade.
OANDA:XAUUSD
by DesharedPierreJr.