Analysis - Option 2 To complete the Inverse H&S pattern, because, only now proper neck is formed - 30% chance
Short on Ustech 100 Looking to capture Fib Retracement 15000 psych Level
Fundamentally, JPY is strong and GBP is weakening for the past week, and we expect it to become more stronger this week Break of Structure. also containing a H&S formation in Daily graph and moving average cross - over gives us strong signs to SHORT -> GBPJPY. IF the Structure Breaks the Resistance Zone of 150, then exit the Short Position! Take Lesser Contracts...
Trading Scenario: We Expect Silver to retest 25.75 region and take a rocket shift to 27.5 in a couple of weeks. If it breaks 25.00 region, lets wait for confirmations to short XAGUSD. Fundamentally, As COVID - 19 cases are increasing we expect commodities to rise up. Let's see what happens
Trade Scenario 1: Immediate Bullish - For us to go long we need to see price retrace to our edge of value at 1.2030. We will then wait for price to find support and enter on strong bullish setups, first targeting previous highs around 1.2075 Trade Scenario 2: Bullish after Retest- For us to go Long after a retest we want to see price retest 1.2000. We will then...
Sure, Crypto is the next future, you can enter now, or wait for the expected move to enter at right time( lowest possible price)
If you think of investing for long term, say 2-3 years, better time to enter now. But, If you look to trade, wait for the double bottom/ inverse H&S formation
Better to Entry, OR wait to retest after the Resistance is Broken and then enter
Its Good To Enter Now, Best to enter if the price rehits/retests the previous lower spike
Wait to Retest 0.7700, and if the Triangle Structure breaks, let's look for BUY ( LONG) entries, but just after retesting the hypotenuse support that it broke (or) 0.7700 region. Look for some confirmation/confluences in candle stick pattern.
Trade Scenario 1: Bullish - For us to go long we need to see price break above 1.2630 and retest the same zone again to our edge of value at 1.2630. We will then wait for price to find support and enter on strong bullish setups, first targeting previous highs around 1.2695 Trade Scenario 2: Bearish - For us to go short we want to see price break below 1.2630. We...
Trade Scenario 1: Bullish - For us to go long we want to see price retest 1.3900 zone. We will then for 1.3900 to act as support. Enter on strong bullish setups, first targeting our edge of value at 1.4000 (Key Level) and expect it will travel till 1.425 Trade Scenario 2: Bearish - For us to go short we want to see price break 1.3900. We will wait for a quick...
DISCLAIMER: I am not a financial advisor. The Analysis I post here are for educational purposes only. Investing of any kind involves risk, and past results are no indication of future performance. Your investments are solely your responsibility and not mine. While day trading can bring serious gains, it can (and often does) also bring a likelihood of serious...
WE EXPECT IT TO RETRACE BACK to 25.75 AND expect to MOVE TILL 26.3 IF IT BREAKS BELOW 25.75 ZONE, wait for confirmations to SELL
Scenario1: We expect it to retest the 1755 region ( Previous BOS) and then travel back to 1850 Level ( of course need to see if we have 3 confluence after it retests 1755 zone) Scenario2 : If it breaks below 1750, wait for LL & LH Formation in lower time frames, and have your TP1@ 1680 and TP2@ 1600
A small Retracement to capture 1:10 RR