Price Action & Psychology - Pattern & MTFAHello !
Key points
Triple bottom pattern
Price rejection
Significant support zone
Hourly chart : On that timeframe, we get a confirmation from the price rejection we see on the daily chart. The stock gapped down, triggered stop-losses and panic selling. Afterwards, we see a wide bullish candlestick (kind of "Tweezer Bottom") that has approximately the same volume.
I see two different ways to play that trade :
"Aggressive" entry : buying around the previous close
"Safer" entry : waiting for a breakout on the hourly chart
Either way, in my opinion the stop-loss should go above the Tweezer Bottom. On a 15-min chart, we see that the price action was pretty straightforward, kind of an instant correction from the morning panic.
Thanks for reading and if you have suggestions or want to discuss the idea, just leave a comment, I'll be happy to answer.
***Disclaimer : This is not an advice to buy the stock. Please, be aware that trading is a matter of probabilities and that it only takes ONE trader to deny your trade.***
Swingsetup
EUR/JPY SELL SIGNALHey tradomaniacs,
welcome to another free trade-plan .
Important: This is meant to be a preparation for you. As always we will have to wait for a confirmation.
Market-Sell-Order: 116,300
Stop-Loss: 117,035
Target 1: 116,035
Target 2: 115,000
Target 3: 114,465
Stop-Loss: 73,5 pips
Risk: 1%
Risk-Reward: 2,60
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me.
USD/CHF SELL SIGNALHey tradomaniacs,
welcome to another free trade-plan .
Important: This is meant to be a preparation for you. As always we will have to wait for a confirmation.
Market-Sell-Order: 0,97265
Stop-Loss: 0,97750
Target 1: 0,96865
Target 2: 0,96400
Target 3: 0,96000
Stop-Loss: 48,5 pips
Risk: 1%
Risk-Reward: 2,60
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me.
USD/JPY: Your OPPORTUNITIES for the WEEKHey tradomaniacs,
this is just meant to be a weekly preparation and shows that USD/JPY is currently right at a significant level.
Plans are noted in the chart so there is not much more to add. ;-)
Make sure to note that you need an confirmation for each scenario.
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me.
Any questions? PM me. :-)
EUR/USD BUY SIGNAL Hey tradomaniacs,
welcome to another free trade-plan.
Important: This is meant to be a preparation for you. As always we will have to wait for a confirmation.
It`s risky to trade EUR ahead the Non-Farm-Payrolls!
Martket Buy: 1,08090
Stop-Loss: 1,07640
Target 1: 1,08515
Target 2: 1,08860
Target 3: 1,09300
Stop-Loss: 45 pips
Risk: 1%
Risk-Reward: 2,65
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me.
Any questions? PM me. :-)
AUD/NZD SELL SIGNALHey tradomaniacs,
welcome to another free trade-plan.
Important: This is meant to be a preparation for you. As always we will have to wait for a breakout and confirmation.
AUD/NZD: Swingtrade-Execution
Sell-Limit: 1,06860
Stop-Loss: 1,07750
Target 1: 1,05900
Target 2: 1,05260
Target 3: 1,03930
Stop-Loss: 89 pips
Risk: 1-2%
Risk-Reward: 3,33
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me.
Any questions? PM me. :-)
EUR/GBP LONG SIGNALHey tradomaniacs,
welcome to another free trade-plan.
Important: This is meant to be a preparation for you. As always we will have to wait for a breakout and confirmation.
Market Buy: 0,87470
Stop-Loss: 0,86650
Target 1: 0,88560
Target 2: 0,89740
Target 3: 0,90720
Stop-Loss: 82 pips
Risk: 1%
Risk-Reward: 4,02
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me.
Any questions? PM me. :-)
NZD/USD BUY SIGNALHey tradomaniacs,
welcome to another free trade-plan.
Important: This is meant to be a preparation for you. As always we will have to wait for a breakout and confirmation.
Market Buy: 0,60175
Stop-Loss: 0,59290
Target 1: 0,61075
Target 2: 0,61570
Target 3: 0,62430
Stop-Loss: 88,5 pips
Risk: 1%
Risk-Reward: 2,46
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me.
Any questions? PM me. :-)
AUD/JPY SELL SIGNALHey tradomaniacs,
welcome to another free trade-plan.
Important: This is meant to be a preparation for you. As always we will have to wait for a breakout and confirmation.
Market Sell: 67,700
Stop-Loss: 68,500
Target 1: 66,700
Target 2: 66,100
Target 3: 65,500
Stop-Loss: 80 pips
Risk: 1-2%
Risk-Reward: 2,75
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me.
Any questions? PM me. :-)
#ETH max 231-234$?? - #Swing setup I am long on ETH -
also have been accumulating, after bitcoin I think only Ethereum has a good chance of surviving on the long run
for ETH to start a BULLRUN & achieve new highs we have to break the weekly trendline
last time interestingly price was stopped at .705 Fibonacci retracement from the top, this time around it's at around 234$
I will keep an eye on this level if I see good rejection might just enter a swing short!
also, this will confirm an HTF downtrend Lowerhighs & Lower Lows, which will lead to my idea what if we just go sideways for a few years before starting a new Bull cycle -
interestingly trend line resistance at 234 & IF we hold the support on weekly at 100$ will confirm a descending triangle that might be forming
USD/SEK BUY SIGNAL
Hey tradomaniacs,
welcome to another free trade-plan.
Important: This is meant to be a preparation for you. As always we will have to wait for a breakout and confirmation.
Market-Buy-Order: 10,01315
Stop-Loss: 9,83750
Target 1: 10,20400
Target 2: 10,32330
Target 3: 10,44300
Stop-Loss: 750 pips
Risk: 1-2%
Risk-Reward: 2,45
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me.
Any questions? PM me. :-)
EUR/USD SELL SIGNALHey tradomaniacs,
welcome to another free trade-plan.
Important: This is meant to be a preparation for you. As always we will have to wait for a breakout and confirmation.
Type: Day-Swingtrade
Market Sell: 1,09025
Stop-Loss: 1,10385
Target 1: 1,08530
Target 2: 1,07750
Target 3: 1,06500
Stop-Loss: 136 pips
Risk: 1-2%
Risk-Reward: 2,77
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me.
Any questions? PM me. :-)
CAD/JPY BUY SIGNALHey tradomaniacs,
welcome to another free trade-plan.
Important: This is meant to be a preparation for you. As always we will have to wait for a breakout and confirmation.
Type: Day-Swingtrade
Market-Buy: 77,760
Stop-Loss: 76,100
Target 1: 79,780
Target 2: 80,140
Target 3: 82,950
Stop-Loss: 166 pips
Risk: 1-2%
Risk-Reward: 3,20
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me.
Any questions? PM me. :-)
AU: Holds Bearish SentimentAUD/USD set for another drop this week with immediate support at 0.59600..I'm currently holding short from last week, but am looking to add to my short position on a break of that level.
Australian data indicating a sharper economic slowdown
DXY showing broad strength as risk-off remains in the markets. Still a lot of uncertainty over COVID-19 as the virus continues to spread.
*Preservation of capital is crucial, especially these days - so trade with proper money/risk management.
-Krecioch
GBP/USD SELL SIGNAL
Hey tradomaniacs,
welcome to another free trade-plan.
Important: This is meant to be a preparation for you. As always we will have to wait for a breakout and confirmation.
Type: Day-Swingtrade
Market-Sell-Order: 1,23950
Stop-loss: 1,24950
Target 1: 1,22800
Target 2: 1,21510
Target 3: 1,20000
Stop-Loss: 100 pips
Risk: 1-2%
Risk-Reward: 3,88
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me.
Any questions? PM me. :-)
DXY BUY SIGNALHey tradomaniacs,
welcome to another free trade-plan.
Important: This is meant to be a preparation for you. As always we will have to wait for a breakout and confirmation.
Type: Day-Swingtrade
Market-Buy: 99,45
Stop-Loss: 99,75
Target 1: 100,40
Target 2: 100,95
Target 3: 101,80
Stop-Loss: 70 pips
Risk: 1-2%
Risk-Reward: 3,39
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me.
Any questions? PM me. :-)
EUR/USD SELL SIGNALHey tradomaniacs,
welcome to another free trade-plan.
Important: This is meant to be a preparation for you. As always we will have to wait for a breakout and confirmation.
Type: Daytrade
Market Sell: 1,09930
Stop-Loss: 1,10750
Target 1: 1,09030
Target 2: 1,08600
Target 3: 1,08200
Stop-Loss: 82 pips
Risk: 1-2%
Risk-Reward: 2,1
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me.
Any questions? PM me. :-)