What's going on traders?! This is the breakdown analysis I came up with for the end of the week. Price is currently in a range so the investment strategy is neutral. However, there are still great opportunities to maximise for next week and more. Hope this analysis gives you a clear view on what to look for!
Price seems to be losing a little volume especially in a key area of price action. Worse case scenario stop loss is spacious above resistance area to confirm price is not done going to the upside. Remember traders we can't control the market, we can control how we approach it.
Good morning traders! Took some great losses earlier in the week, but one thing about price it will always return to the overall trend. Therefore, maximises gain from those losses by being patient, managing risk and staying alert of key areas of entry opportunities. Hope you guys capitalised on this trade but if not there's always another opportunity in the market!
Nice break out and retest setup for the asian session. Evening star printed on previous support now as resistance. With a great 1:2 risk to reward.
Price giving a deeper retracement for a possible larger profit range back to previous swing high/support. Took a great loss this morning, and now adjusting to the market while managing risk.
Great setup that cannot be passed up. Remember to always set alerts to prevent hawking the market which will lead to impulsive trading or FOMO (fear of missing out). Keep risk to reward high, stop loss spacious, and take profit achievable.
Just a morning setup for you to capitalise. I'd wait it out for a bearish candlestick rejection specifically on the lower time frames for precise entry.
Hope this analysis gives you a clear view on what to look for!