Daily analysis and trade setups on NASDAQ 20220809Happy Tuesday,
Macro : US Nonfarm Productivity, Unit Labor Costs
NDX is making rounds in the zone waiting for either leak of CPI today and/or official CPI tomorrow
NQ_F's line in the sand today is 13260. Bulls want to go above 13380 and bears want to push it below 13k handle.
Buy
Break: 13225, 13350, 13435
Reversal: 13090, 13000, 12930, 12860
Sell
Break: 13115, 13020, 12950
Reversal: 13240, 13375, 13450, 13535, 13610
Green Goblin levels are here >>>
Fibonacci confluence levels are here >>>
Tradingstrategy
xaauusd bullish potential on xauusd it has reached the closest supply and has the potential to continue its decline but below there is still fresh demand more or less it will be a good enough block to hold it temporarily but unfortunately today is the first Friday of the week where nfp will take place so I think this is quite dangerous to do purchase even though there is potential with minimum risk there
Cult Dao continues to impress me from a technical perspective! Traders,
From a technical perspective CULT DAO remains absolutely perfect. So, in this video, I will both do technical analysis on this coin and I will also use the chart to show you how I will trade this going forward.
Best to you all!
- Stewdam.us
xauusd simple trade idea simple analysis for gold, at this point we see that it is already in the demand area and also has a fairly good probability potential because it is in a large timeframe demand area but needs to be paid attention to on a smaller timeframe and you can speculate that gold will retracement towards supply zone for the next two to three days
The PIK Trading Strategy & Key Lessons for Day Traders!Hey Traders!
Happy Sunday!
In this video, which ends a little earlier as I didn't know videos have a limit, we go over a few key points, starting from the PIK trading strategy which you guys will hear about much more over the next few days, mindset, motivation and guidance is covered too!
When it comes to the PIK trading strategy, we go over the indicators that are used, price action and key levels!
The video isn't our best one, but it does have plenty of value and we hope you enjoy it!
Thanks and all the best!
usdcad fakeout master set up usdcad is preparing to form a fakeout pattern with three resistances and a fairly small fakeout area. I'm trying to minimize my area to get a good enough area. From the h4 timeframe I scaled down to the m15 timeframe and found a point that was quite optimal with low risk. enough to use SL only 20 pips with a high risk reward ratio of approximately 1:10
note : minimum risk and reward : 1:2
AUS200 - Bullish StrategyAccording to chart analysis, We can see a bullish trend and a double bottom but there is a resistance that needs to be broken, and make sure to ride the trend because there is a bearish divergence on RSI.
Plan A: Long
Entry: 7613.3 (Current)
SL: 7524.6
TP: 7755.6
Plan B: Long
Entry: 7663.4
SL: 7561.4
TP: 7904.3
TRACKING MARKET MAKER BOTS TP EDITION- MUST READ!!Mater Jedi`s, Sith Lord`s and Padawan`s
Tonight I show you in in depth details How I use the Sith Hunter along with other indicators to set up a trade after tracking the Market maker whale bot and using multiple confirmations to confirm whether my idea is correct. The trade is still ongoing.
1. April 18th 11 pm EST the Market maker BOT entered the market.
2. April 19th 10 am the Market maker BOT entered the Market .
3. The RSI on 5 timeframes at this point is super oversold.
4. The coin has broken 5 resistance levels and flipped them to support(Green Lines)
5. The coin has risen 15% in 2 hours as the Market maker is building short positions, Lulling retail traders to Fomo in trapping there liquidity at Higher Prices (Padawan`s this is a fatal mistake).
6. Then I post the signal with my entry band being at the 3rd resistance level and My confirmation is rejection here and I am in at the top because I am waiting.
7. Then you move your stop Loss to entry while u ride that rejection wave down. Because you entered higher, You adjust and take some profit earlier.
9. This is just one method you can use confirmation Trading along with tracking the Whale Bots to create a trade
10. I invite you to read the rest of my series and the indicator is below.
May the force be with you Jedi. I am coming for you Sith and my Lightsaber with me.
AUS200 - Trading StrategyAccording to chart analysis, it is a bullish rectangle breakdown so it can be a bullish ride so we have a breakpoint at 7646.12 to make sure. If it did not test this point then strategy 2 will be short.
Plan A: Long
Entry: 7646.12
SL: 7567.88
TP: 7725.74
Plan B: Short
Entry: 7510.22
SL: 7567.88
TP: 7414.14
EURUSD - Trading StrategyAccording to chart analysis, it is in a bearish trend because of the trendline but the divergence is bullish in RSI and the falling wedge, Double Bottom is detected.
Plan A: Long
Entry: 1.08361
SL: 1.08131
TP: 1.09138
Plan B: Short
Entry: 1.9222 (Current)
SL: 1.08213
TP: 1.07549
Plan C: Short
Entry: 1.07569
SL: 1.08131
TP: 1.06806
XAGUSD - Trading StrategyAccording to chart analysis, we can see a bullish trend but it is possible that it will correct itself so we can have the following plans.
Plan A: Long
Entry: 25.924
SL: 25.729
TP: 26.925
Plan B: Long
Entry: 26.318
SL: 25.842
TP: 26.925
Plan C: Short
Entry: 25.729
SL: 26.001
TP: 24.568
Plan D: Short
Entry: 25.298
SL: 25.729
TP: 24.568