Last trade recap- Was a loser but that's ok I learned where price really wanted to go and why. I spent some time on the basic stuff and realized I was trading against the trend, so those past two trades were on me and I thought I was going to see a reversal but did not. Todays Trade- For Eth we see that price has swept all those highs and that's what i was hoping for to get a better confirmation of a reversal to the downside. On the daily we see both of the highs swept creating a liquidity sweep. On the 1 hour, I entered because we seen a break of structure to the downside. The only thing I think I could of done better was to wait for a confirmation on the 4hr for a Break of Structure, But I wouldn't of took this trade if I wasn't confident. Also a fvg Looks like its being created so that could bring a pullback to the upside so I have my stop above that. I put my TP very low, But I have partial positions that are way higher so If one of those get hit, Then I can set stop to breakeven and get a freeride trade. This is my thoughts, I'd like to hear yours.
Yesterday Asia was bringing the price up until NY session dumped it. Will wait for an aggressive move down today until London. Will also look for buyers if the move down is being accepted.
I think GBPUSD will go down soon, because in last few days GBPUSD seems exhausted to go up.
The pair is very oversold, and it requires corrective action. RSI very low, and also we are well GANN supported but require to overcome the resistance at 0.6430 area. Strategy BUY current 0.6360-0.6375 and take profit near 0.6478 for now.
I’m bullish on USD/JPY from 154.160 with a stop loss at 154.005 and a take profit at 155.415. Price has bounced off a key Fibonacci retracement level, showing strong upside momentum. I’m targeting the resistance at 155.415, and if it breaks and holds above, I’ll watch for potential further continuation to the upside.
Been waiting on gold to set up and find stability. Now I'm looking for it to take out low and make a low for the week before we get a strong move. We have to wait for the killzones to know what we will do or how it will play out.
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XLMUSDT has had a strong run up to ~$0.63, as have many other alts, but is now struggling to maintain that bullish momentum. Looking at a fib retracement view of the bullish push, we can see that the price action has been oscillating between the 0.5 and 0.618 fib levels and has once again been rejected off the bottom of the 0.5 level. https://www.tradingview.com/x/726Pef34/ This chart shows a lower timeframe snapshot of that price action rejection off the bottom of the 0.5 fib. https://www.tradingview.com/x/IzK6mK0E/ From a bearish push fib retracement view, we can see that there is confluence between the 0.5 bullish fib level and the 0.618 bearish fib retracement region. We can see this level holding well and a potential rejection back down towards another bearish move. https://www.tradingview.com/x/v1eRSPlL/ The target for this short idea is a combination of the supply order block level sitting around 0.26, and the -0.618 fib extension level of the bearish fib retracement fib. Stop placement is above the order block flip zone indicated by the yellow box. For lower timeframe traders, a tighter stop could be attempted if you watch the price action closely following a breakdown below the last point of support at 0.38. https://www.tradingview.com/x/vf2YxB0V/
Starts shaping up from $2, I alert a buy to our trading community at $3 with commentary. Then it goes to $4 I post about it online and next thing you know everyone wants a piece and it goes into vertical $7 area ?
IDX:STRK just the beginning of this move. Long break of accumulation and now retesting... Longing anywhere from here... BUY before it starts a monmental move instead of chasing price. Targets can be any fib levels but considering the chart I think it will blow through them all.