Signs pointing to a correction in DXY pairs can land us a quick 1:2 trade until market decides the next move
Several signs of confluence point to momentum building back into gold as the dollar continues to decline. RSI showing bullish push could be probable and PA supporting a trade meeting our risk to reward rules
With the current trend unable to make higher highs, we can look for a continuation on the bearish push down. WTI Oil also looks to continue its rally to the upside for a confirming negative correlation.
Assuming the market really is in profit taking mode or distribution phase we can aim for a 1:2 risk to reward trade in anticipation of the S&P correcting down to a more attractive level for bulls to step in
Banks seem to be taking profit on recent rally and EJ is looking prime for a setup. This trade may be choppy and take some time due to the coming holidays but may be worth considering
Earlier today, gold gave us a beautiful trade off institutions taking profit from the previous run and our system points to a similar situation here. Always trade with a plan and with managed risk.
Assuming price can't break 1.36, UCad is making a nice setup for a continuation with the 618 fib as a longer term larget and 1:2 for risk management purposes as the first profit taking level
After a long bearish candle was quickly bought back up to end in a wick, Im looking for a continuation upwards to at least test prior highs. The entire picture tells me that price is squeezing and looking to break out to one side or the other and our job is to be on the right side of probability when this move happens while risk managing because at the end of the...
Short term sell off is probable given the key level reaction and price action and volume
Previous short on this pair has been stopped out and market seems to have decided the current direction of the dollar, with that being said we have enough confluence with volume, RSI and PA to enter in anticipation of triangle break up in continuation of previous bullish run
One of my favorite setups to trade, structure breakout and retest can give us a similar entry to tag along the institutions that accumulated positions during range. If this plan works out it can easily reach 1:2 R/R
The recent price action tell us that buyers are still being heavily outweighed in volume and we can use this to our advantage to take a short term sell in hopes of price reaching twice our risk
After breakout of consolidation we get bullish price action with great volume for a trade that can easily hit 1:2 risk/reward
Dollar weakness is increasing and GU looks primed for a rise at a good price level
After many bull traps, GU seems to have decided direction and a great opportunity can come from the 4h Inside bar that broke down
RSI broke trend line, daily candle broke structure and pattern. BTC liquidity is volatile but the risk to reward for this setup meets at least 1:2
Low location plus buying setup and indicators point to a swing opportunity solely based off technicals
XBIT is at a great location for a mid term trade based off the weekly chart, using a weekly inside bar as an entry point