TA
AUD CAD Short Idea AUDCAD has been in a decent uptrend for most of December, however, it has started to approach a key resistance level on the 4hr time frame. The key level mentioned is the 0.925 level which is the high of early November. The RSI indicators on the daily/4hr time frame show an overbought bias, coupled with the approach to the key level mentioned above leads me to think that the price will drop from here. The initial target of this trade is located at the 0.9175 area, following this then the next target lies at 0.9143. The stop-loss area for this trade is at the 0.93 level. A likely scenario that I'm looking for sells near to the 0.925 area.
DHI ATH Break Weekly Options PlayDescription
DHI's primary bull trend remains well-intact and has raced up after entering it's corrective intermediate down-trend beginning with setting its previous ATH in May.
This is essentially a continuation play from the linked idea, when we played the break in the Descending Trend Channel, and gave the criteria for a new entry when the target was reached.
Today's break and close over its previous ATH close indicates that supply is exhausted and DHI is primed to make new ATHs.
Using Long Calls so as not to cap gains.
Long Call
Levels on Chart
SL < 104.45
PT : No price target set for the ATH, looking for a sharp move and then to roll a percentage of profits to more OTM calls.
*Stops based off underlying stock price, not mark to market loss
The Trade
BUY
12/17 106C
R/R & Breakevens vary on fill.
Manage Risk
Only invest what you are willing to lose
BTC/USDT TA,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,
GBP - USD Deep TA - Final Part 4/4 -1HGBP USD TA final part 4 from the 4 parts. Overview of 1H chart and putting puzzle pieces all together. TA in 1 - 3 parts clearly pointing to continuous trend down. S/R levels, channel, pattern and trend direction . A Clasical trend down collecting pips within channel down and looks like has still got a bit way to go down. We’ve got some general picture over here for now.
Someone says time to buy and jumped to BUY. I did opposite, I did open sell position. I do believe, jumping is good for fitness or fun only. I do believe in extended TA and ENTERING trades with a well chosen entry point, SL and TP levels. I would like to do some “Jumping” after profit pips collection only. Even if you missed a perfect “entry” point, you still have a trend heading in the clear direction on the higher timeframes and easily guessed reverse levels. Please don’t forget about retracements. Please be patient, check first at all higher times frames ,do TA and just after only, look for a “perfect” entry on the smaller time frames of your liking.
It is not some financial advice, just my way of going through with TA and preparing for the “perfect” entry.
Share your TA, thoughts , likes as well please!
Long live and prosper to all traders!
GBP USD Deep TA Part 3/4 - 4HGBP USD TA part 3 from the 4 parts. Overview of 4H chart and establishing key S/R levels. Also , we are stepping back a few steps and overviewing whole trend picture and direction . A Clasical trend down collecting pips within channel down. We’ve got general picture over here now and we are heading to the final part 4 for the further TA.
Can you see bouncing back from the key S/R levels? In the past same levels played as key levels for reverse of trend . Channel down? Share your TA, thoughts , likes as well please!
GBP - USD Deep TA - Part 2/4 - 1DGBP USD TA part 1 from the 4 parts. Overview of 1D chart and establishing key S/R levels. Also , we are stepping back a few steps and overviewing whole trend picture and direction .
Please to pay some attention to EMAs and you gonna come to clear conclusion regarding Trend… We’ve got a general picture over here and we are heading to the part 3- 4H charts for the further TA.
Can you see bouncing back from the key S/R levels? Penetrated 100/200 EMAs? Direction of trend clearly down… In the past same levels played as key levels for reverse of trend as well.Share your TA and thoughts as well please!
GBP-USD Deep TA - Part 1/4 - 1WGBP USD TA part 1 from the 4 parts. Overview of 1W chart and establishing key S/R levels. Also , we are stepping back a few steps and overviewing whole trend picture and direction . We’ve got general picture over here and we are heading to the part 2 - 1D charts for the further TA.
Can you see bouncing back from the key S/R levels? In the past same levels played as key levels for reverse of trend .Share your TA and thoughts as well please!
What is happening with Bitcoin? 4H chart explained:
Falcon Waves are ABC waves that are not based on Elliott Wave concept but completely different momentum based concept. Wave A is three waves down, wave B is three waves up and wave C is 5 waves down.
Here we are looking at pattern that is unfolding into 5 waves down for completion of wave C.
Everything is marked in the chart with expectations.
I will post more chart once we reach these levels.
Deep dive for a Gold on the 1W chartsIf you had a look in the previous 1M Gold chart, you still do remember about sell possibility. Like as you see 25,25,50 EMAs taken down already. You can observe some hesitation on 100EMA and most likely after hesistation going to head for the 200EMA.
It is just main observations only and I would like to hear yours opinion and/or TA as well.
Right know we a heading for 1D charts to look closer for “our” GOLD!
Diving to deep for Gold - TA on the 1M chartsIt seams that gold “hung up” on same level as in 2011. Briefly looking, it is going to drop, at least in the near future. 1M charts pointing for the moving down and for a bit. Look to the rest charts with a TA on a different timeframes with a thought in the back of your head about sell on the 1M charts
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BTC UsdtBTC played trap game in market . on Monday monthly candle are about to close and market was in red but suddenly market pumped. It all about creating fear and panic selling in market. And also BTC want to liquidate high leverage traders.
Now Btc need to break falling wedge to become more Bullish . BTC will try to liquidate more people whose stoploss are near to 53k to 55k. Try to play safe or with proper risk management.