My first forex trade. Here it goes!
GBPAUD is at a weekly resistance at around 1.91880. Daily was a 2U bearish candle and far away from the moving averages.
Idea is to go short at the break of Friday's candle (1.91664). Ideally SL would be at the high of same candle (1.92818) and TP can be atleast 1:1 RR.
As I was typing this, got into the trade. Hope it goes well.
NASDAQ:UAL has been trading in a range since Nov 2021. Currently at the top of the range. On daily its a 2D with Stochastics and MACD pointing downwards. On weekly its an inside bar.
Idea is to go short at the break of weekly low ($51.81). Take profit is at $48.19 where there has been multiple S&R bounces.
NASDAQ:DKNG has been sideways last few weeks. Now its showing weakness.
On daily its an outside bar downside. A bit of stochastics divergence and 20MA starting to turn down. On weekly its a 2D and far from 20 and 50 MAs.
Plan is to enter at low of Friday's candle ($24.39) and take profits at least at $23.
Two weeks ago, I published a bearish trading idea on NASDAQ:AMD saying that I would go short if it broke $115.80. Apparently it didn't break, so didn't take any trades. Here is the link to that post:
This week, we have an interesting scenario. Its a double top on daily chart and an outside bar. Additionally there is a divergence on stochastics. On weekly...
AMD gapped up on Thursday 25th May 2023. Adter 2 days of run up, AMD is showing certain weakness. This could be a good "back to the mean" play (20 EMA). My idea is to go bearish if it breaks the low of the 25th May candle ($115.80 - Blue Line). Target would be the high of the day prior ($127.43) or to be safe the high of 23rd May ($110.99 - Green Line). Stop loss...
