US100 11481.5 + 1.91 % LONG INTRA-DAY IDEA * PRCE ACTION & STRUCHEY EVERYONE
Here an idea on the US100 intra-day trade from an hour perspective. most details are on the chart so i hope this assests in anyway with your trading.
The trading plan changes completelty should the ascending triangle structure hold, follow the price.
LET'S SEE HOW IT GOES..
HAPPY TRADING EVERYONE
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ENTRY & SL - FOLLOW YOUR RULES
RISK-MANAGEMENT
PERIOD - INTRA-DAY TRADE
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If this idea helps with your trading plan kindly leave a like definitely appreciate it.
50ma
S&P500 3356.8 - 0.66 % SHORT IDEA * PRICE ACTION, PULL BACK TRADHELLO EVERYONE
Here's an idea on the S&P500 which is currently in an uptrend on higher time-frames but saw some losses in momentum in the last couple of days, targeting this pull back from higher time-frames.
On the DAILY time-frames the index broke the 50 M.A and is currently retesting this moving average and support level now resistance level 3401.8 now will be looking for a continuation of this pull back with the bears on the index. hope this idea assists in anyway on your trading of the S&P 500.
LET'S SEE HOW IT GOES..
HAPPY TRADING EVERYONE
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ENTRY & SL - FOLLOW YOUR RULES
RISK-MANAGEMENT
PERIOD - SWING TRADE
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DXY 93.81 + 0.09 % LONG IDEA * PRICE ACTION, BREAKOUT & CNT PTNSHELLO EVERYONE
Here's an idea on the DOLLAR INDEX that has seen seen some bullish moves in the last couples of weeks after a bearish trend since march. the INDEX broke the 50 M.A and is currently trading above this level. most of the details are in the chart so hope this idea assists in anyway on your trading of the index.
LET'S SEE HOW IT GOES..
HAPPY TRADING EVERYONE
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ENTRY & SL - FOLLOW YOUR RULES
RISK-MANAGEMENT
PERIOD - SWING TRADE
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USOIL 37.01 - 4.02% * SHORT IDEA CONTINUATION PTTNS & STRUCTR GOOD DAY EVERYONE
Here's an idea on the USOIL which closed at 37.01 looking at the monthly chart the oil just broke the 61.8 % fib testing resistance level 43. 27 where it was rejected and pushed down with the bears by almost 5% , currently trading at a significant level waiting to see a break of this level to see continuation with the bears targeting support level 35.24. fundamentally this move is highly possible and from higher time-frames the sentiment is fairly bearish so waiting for price to indicate and will be looking for entries on lower time-frames. hope this idea assists in any way on your trades on oil.
LET'S SEE HOW IT GOES..
HAPPY TRADING EVERYONE
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ENTRY & SL - FOLLOW YOUR RULES
RISK-MANAGEMENT
PERIOD - SWING TRADE
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If this idea helps with your trading plan kindly leave a like definitely appreciate it.
XAUUSD 1899.16 - 0.36% * PRICE ACTION & BREAKOUT, SWING IDEAHELLO EVERYONE
Here's a look at GOLD/DOLLAR which experienced some strength last week as it was recovering from some worst levels since july.
most of the details are in the chart.
hope this idea assists in a way on your trades on the pair.
LET'S SEE HOW IT GOES..
HAPPY TRADING EVERYONE
_________________________________________________________________________________________________________________________
ENTRY & SL - FOLLOW YOUR RULES
RISK-MANAGEMENT
PERIOD - SWING TRADE
__________________________________________________________________________________________________________________________
If this idea helps with your trading plan kindly leave a like definitely appreciate it.
QQQ overview 23/09/2020QQQ about to get a reversal for the short term into #2 trend line.
There are few reasons for that:
1. QQQ had amazing rally since March
2. On 2nd september, a correction from the high started. it blocked exactly at the 23% Fibonacci level (see linked overview)
3. after a small correction, QQQ fell down below 50MA
4. Now, after a correction, 50MA should be used as resistance level.
My assume is that 50MA will be a resistance level, and then QQQ will fall staright to #2 trend line which is also arounf the 38% Fibonacci level
From my Point of view, as lone as we're above #2 line, we're still buillish.
SPX Gives Bulls a glimmer of HopeAt first when the price action fell below the 200 MA on Friday, I was a bit nervous. Luckily we had a bounce back above the 200 hundred. Which then left the price action stuck between the 50 MA and the 200 MA. Leaving it a guessing game as which direction we might be heading. Oddly we have settled on a support line... which is the same suppot line when Biden accounced harris as his running mate. Yup, the 11th of August.. that big red candle I have circle. I'm not exactly sure what that means. But hopefully that wil be the last support line we'll see for a while. Which is why I saw it's a glimmer of hope. Yes, we've closed below the 200 MA on the 4 HR. Now we just need a comeback.
AAPL Fell to the 50
MSFT Fell tpo the 618
I think the worst is over... I hope.
***USDJPY*** Bears are starting the weekI believe that USD/JPY will continue bearish at market open. Monday morning market open is always risky but I believe my analysis holds a strong case for it to remain bearish. Firstly on the 5 minute chart, we see a engulfing bearish candle with the overall session pushing to the downside. We are also trending below the 50 MA which to me indicates a continuation of the downtrend. This small pullback has also held up nicely on the FIB as we see strong rejections of the 0.78 and 0.5 zone.
On market open i will wait to see if we see a small retest of the zone and then look at entering for a short, targeting the recent lows. If I am sure the lows will be hit I will trail and stop my way to the bottom of the trend.
Remember this is just my opinion, take it with a grain of salt and use proper risk management.
Please comment, like and follow so I can continue to provide helpful content.
HAPPY TRADING
-MATT
NZDJPY reacts to 50 EMA and might break strong resistance NWNZDJPY is one foot on the path to strong daily resistance (dark blue). It stopped there twice and it also respected the level in history. Let us see what it does. I would like a little bearish Monday opening to get a good price and kickstart the upwards move mid-through the day.
Pinbar makes it unlikely to get 50 EMA price, but on an intraday basis, a good long can be caught and perhaps even held for a few days. There is also 50x200 crossover, so I suppose crossover traders might be boarding and eventually push the price even through the blue zone.