Currently looking at XRP which is consolidating around 0.47000 cents since the start of October. Price broke out and is looking to pickup some liquidity from the area of Demand that is laying around 0.44000 this time i take an Agressive entry and aim to ride the wave into 0.60000 and if there is a conformation entry on the lower Time frames i will be looking for...
If you saw my previous setup on this pair i placed the stop loss on 1% profit. we banked a 1% and then i mentioned that if the price broke SL we will look for another short setup. And here it is. no rocket science just a basic s&d setup. 1:18 let's see.
As we always start looking at the major bias which is bearish in this case. we go and look for potential POI's (points of interest) on the USDCHF we found one which looks good enough for some shorts. adding the confluence of the 2 equal low area's which the price seems to take out in a bit. let's see how this one plays out. when the price hits the first liquidity...
The rumours that the Case is coming to an end gave the price the push to change weekly character. adding that confluence to our plan which is as follows: Awaiting the price to pickup liquidity in the BOS/Demand area and make a possible rally into previous retail liquidity laying around 0.55 Eurocents. expecting a proper 1:9 risk to reward position. DO YOUR OWN...
Inefficient PA has been filled in. Major bias is bearish so taking little shorts only. As you can see there is a small reversal is in play so aiming to drop and take out the Stops around $1650 nice quick 1:5 setup. -- Trading and investing carry a HIGH LEVEL OF RISK, you could lose some or all of your investment. Trading currencies or any other financial...
Waiting for the price to drop to the major support which is the orange horizontal line and which also contains a lots of stop losses from retail traders. price will be pushed to take those stops out and breaks the support does a retest and then jumps to $22500 area. retail will think that the break of the support and retest is a nice time to short the btc price...
currently looking for a shortterm position on the GN pair. R:R 1:2.8 first awaiting 1H confirmation in order to execute the position.
Looking at the Palantir charts and at the performance of the stock during the lockdown and during jabseason. i can see that it has a huge impact on the price. price bounced back reaching a strong Demand area which will push the price.
GBP/JPY major bias is bullish. so we take longs when possible. i see a nice opportunity to bank 3% on this long trade which will execute entering the green zone. ---- Trading and investing carry a HIGH LEVEL OF RISK, you could lose some or all of your investment. Trading Cryptocurrencies or any other financial instrument may not be suitable for all investors. ...
EUR/JPY entered a strong Demand Zone which will give the price a push to the upside.
EUR/USD overall Bias is bearish so looking for a potential short trade(s). found 2 opportunities where I will risk 1% per trade. ----- Trading and investing carry a HIGH LEVEL OF RISK, you could lose some or all of your investment. Trading Cryptocurrencies or any other financial instrument may not be suitable for all investors. Before deciding to trade, you...
EUR/NZD weekly outlook based on PA and TA.