TradingAthena

TradingAthena Updated 

Good day all, Confident on this trade. However, keep in mind that market can do anything it wants! Keep risk to 1% Why Long bias? Confluence 1: Why Long bias? Monthly trendline which is the long term outer trendline is down. It was observed to be broken and shown in the drawing. Which means we are boooolish! Additional confluences to add on long trade sentiment...

TradingAthena Updated 

Good day all, After crazy price volatility from inflation report, price has settled and in my opinion bulls has taken over in GBPUSD. In other words in DXY bears are in control. Confluence 1: Price retraced to 61.80% and gave a Doji candle stick. Confluence 2: Bullish engulfing candle spotted right after doji candle. engulfing candle spotted with lower...

TradingAthena

Good day all, Why long trade? Confluence 1: Price rebounded 10690.2 Support 5 times in the past which means price not going bearish anytime soon. Confluence 2: Trajectory of bullish movement started of by rebound of 10690.2 support zone. Current price is in an uptrend make HHs and HLs. Confluence 3: Tweezer spotted at Fib retracement in 4H charts at...

TradingAthena Updated 

Good day all, Starting with some psychological reminders: When you're not in right state of mind, DO NOT trade. Ask yourself before placing a trade what emotion are you feeling? Fear of missing out? Overconfidence? Fear of pulling the trigger? Do figure out why you're feeling this because trading shouldn't be hard. Using too big of a position size? Entering...

TradingAthena Updated 

Good day all, First off, New year is coming which means time to start afresh and eliminate our fears and mistakes in terms of trading! Some phycological note to remind ourselves - Market can do anything it wants - Any one trader can manipulate the market with 1 Trade! - Keep trade position to 1% of account size! - Let the trade play out - Don't take losses...

TradingAthena Updated 

Good day all, TRADE Technical Analysis Trade sentiment: Sell Why sell? Confluence 1: Long term outer trend is down, both inner and outer up trendline broken. Currently price is in the sell zone. Confluence 2: Liquidity zone spotted price reacted multiple times in the past, resistance and support shown as "R" and "S" Confluence 3: Angle of outer up...

TradingAthena Updated 

Confluence 1: new channel formed, price respecting new Trend line Confluence 2: fib golden zone 71-78 indecision observed Confluence 3: liquidity observed in fib Confluence 4 EMA 50 4H 8H below price entry TP SL as shown. Trade at your own risk. Market can do anything it wants.

TradingAthena Updated 

Fib strategy, potential short NOW. Confluence 1: 4H 50EMA respected twice in this downtrend line. Confluence 2: 4H 8H 50EMA approaching price and act as resistance. Confluence 3: Trendline third touch! 3 is the magic number. Confluence 4: Price rejected once in golden fib zone in 71-78% Confluence 5: Momentum slowed in 1H charts Confluence 6: Price in...

TradingAthena Updated 

Good day all! Disclaimer, I am a learning trader and please trade at your own risk given any analysis by me. EURCAD 1H Charts Potential short position for short term Strategy: Fib strat. Confluence 1: Inner uptrendline broken Confluence 2: Inner up trendline broken which leads to retest of the backside of uptrendline . Confluence 3: Retest of the backside...

TradingAthena Updated 

Fib strat Price entering liquidity zone which coincides with 71-78 fib golden zone. Potential long towards 61.8. Confluence 1: Price enter area of value, fib golden zone 71-78 Confluence 2: golden zone coincides with liquidity zone as it is a key level. Look to the history price reacted with wicks at this golden zone multiple times. Confluence3: trendline...

TradingAthena

Price failed to break supply zone 4 times in 1H charts. Created new LH. Shorting it till it reaches outer uptrend line in4H will see how it goes

TradingAthena

Good day all, This is my first analysis. Trend currently is up, trend is your friend. 4H outer trend line respected. Currently price is respecting inner trade line in 1H. Confluence 1: double bottom spotted Confluence 2: lower wicks spotted in double bottom Confluence 3: support found in 78.6 level Entry price:1.05028 Take profit at -27 extension:...