US30 33155 + 0.33 % LONG IDEA * PRICE ACTION & STRUCTURE HELLO EVERYONE
HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE IN THE MARKET THIS WEEK, HERE'S A LOOK AT THE US 30 .
* follow your entry rules on entries
* significant moves with the bears change the plan.
lets see how it goes.
many stars must align with the plan before executing the trade, kindly follow your rules.
HAPPY TRADING EVERYONE & LET YOUR WINS RUN...
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ENTRY & SL - FOLLOW YOUR RULES
some rules on exits & entries hope they help.
1. look at structure be it descending channels, pennants and so forth basically price action whats price doing.
2. If you use indicator determine does it align with your play e.g is it overbought/oversold where there market is it in a pull back to structure or continuing does price alighn with your indicator.
3. entries from 30M , 1H, 2H & 4H time-frames the higher the time-frame the more likely it will end up swing or long term.
4. aggressive trades can be executed on the pull back / or at ranges of structure that's when you are a scalper or your trade are Intra - day based
5. price action must definitely align with the plan.'
6. structure definitely
7. FIBONACCI EXTENSIONS AS GUIDELINES FOR SL & TP'S .
9. CANDLE STICK PATTERNS.
That's basically entry & exits plan basic guide lines
RISK-MANAGEMENT
PERIOD - SWING TRADE
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If this idea helps with your trading plan kindly leave a like definitely appreciate it.
Structureanalysis
BTCUSD Trend Continuation PatternIf you like the content and are getting value out of it, please make sure to hit that like button and leave a comment. Also, if you're interested in seeing more of my analysis don't forget to follow me, and make sure to check out my profile/bio for more in-depth analysis.
Welcome back for some more chart analysis practice. I found another trend continuation pattern opportunity here on BTCUSD.
Entry: 54,799.9
Target: 57,059.7
Stop Loss: 52,891.1
Opinion: Unfortunately, this trade came to fruition before I could post it. That said, it thankfully was a winner.
Ultimately guys, while trading can be very simplistic at times, it is genuinely a hard skill to master, and if you are serious about becoming a consistently profitable trader, then you need to master chart analysis. So, take it seriously, get out there and practice it every day.
Disclaimer: This is not a recommendation or an endorsement to buy, sell, or take any positions of any kind, in any market. This is for educational purposes only. I am not taking this trade in real life, and I have not back-tested this particular strategy on this currency pair, so I really don't know how this type of trading strategy will work on this currency pair. That being said, never trade anything you haven't back-tested on your own. Don't trade a strategy just because someone tells you it's a good strategy, always back-test the strategy in question over historical data before trading it with real money. Trading a strategy that has not been back-tested is the equivalence of gambling your money away, or trying to shoot a target when its pitch-black outside. You work hard for your money, so don't throw it away.
NZDJPY Nice Long OpportunityNZDJPY has the overall trend that is pushing up, price breached above local resistance that can potentially act as a support now., I'm waiting for a re-test of that area, I'm expecting a continuation to the upside
TRXUSD good buying opportunity
- TRXUSD is retesting structure support
- Structure is pushing up
- Market formed a harmonic pattern
- Price was building in a symmetrical triangle
- Confluence of the counter-trendline support and local support area
- Overall trend is bullish
- Sentiment - Neutral
- ( Candlestick ) ??
- Plan is to go Long on a rejection of support zone
- Take the trade when your rules are fulfilled
A BULLISH MOVE is probable in this market.
BTCUSD Next Area To Be Looking For BUY Opportunity
- BTCUSD is on a previous high Resistance
- Expecting a pullback before a continuation to the upside
- Overall trend is bullish
- Structure is pushing up
- Sentiment - Positive
- ( Candlestick ) ??
- Plan is to go Long on a retest of support
- Take the trade when your rules are fulfilled
A BULLISH MOVE is probable in this market.
SILVER next good area to be looking for SELL- SILVER is launching to Resistance Area
- Price broke the support counter-trendline
- Structure predilection is pushing down
- Sentiment - still positive
- ( Candlestick ) ??
- Plan is to look for a Short opportunity at Resistance
- Take the trade when your rules are fulfilled
A BEARISH MOVE is probable in this market.
US30 Bullish Continuation!?With a descending bullish wedge on US30, and the price was just bouncing off a resistance zone that is acting support... I expect the exit to be bullish considering that the overall trend is also bullish
EURZAR Possible Long - EURZAR
- Price was building in a bearsih Channel
- Aptness to go UP
- Market formed a harmonic pattern
- Break a down structure support trend line
- ( Candlestick ) Bullish Signal
- Plan is to go Long on EURZAR
- Take the trade when your rules are fulfilled
A BULLISH MOVE is probable in this market.
DXY Bearish continuation pattern - DXY was developing in a bearish flag pattern
- Perfect break and retest of the support trend line
- Structure is pushing down
- Overall trend is bearish
- ( Candlestick ) Bearish Signal
- Plan is to go SHORT on DXY
- Take the trade when your rules are fulfilled
A BEARISH MOVE is probable in this market.
EURJPY a good buying opportunity- EURJPY is back to our previous resistance now is support
- As long as this area holds there is a good buying opportunity here
- Structure is pushing up
- Market formed a harmonic pattern that pushed the price to our area of interest
- Overall trend is bullish
- ( Candlestick ) Bullish Signal
- Plan is to go Long on EURJPY
- Target 128.800
- Take the trade when your rules are fulfilled
A BULLISH MOVE is probable in this market.
DXY US dollar Index- Will the dollar keep getting weaker?Weekly Time Frame (TF)
- Bearish trend
- Current weekly candlestick near previous weeks low 90.244(support)
Daily (TF)
- Bearish trend
- Couple of wick rejections of last weeks low 90.244(Support)
4hr (TF)
-Bearish trend
- Many wicks made by the bears show bearish power wanting to come in the market.
BIAS
Looking for price to shoot bellow previous week low
When the low is broken through we should look for:
1) Retest on the level support turned resistance
2) Continuation patterns or candlesticks
Tip!!!
Just be aware that anything can happen in the market so react to what the market is telling you once it reaches your opportunity points.
Probable Bearish view on EURUSD
The Daily candles show difficulty going up with the most recent candle closing bearish. The 4H structure has shifted by creating a Lower Low and is currently in a pullback.
This week, a shift of 1H structure will mean that the 4H is ready for the bearish impulse.
Note:
This is for educational purposes only and not a signal.
DXY and an absolutley SENSELESS move!Hey tradomaniacs,
like mentioned something isn`t right here.
The stockmarket fell sharply, e.g. Nasdaq100 with 2,75%.
US YIELDS are falling aswell with METALLS and partially nourishments like wheat. So where is the money going?
Into a currency (USD) which is suffering from inflation and upcoming Stimulus? All this seriously smells fishy....
DXY has re-tested a strong resistance-zone and we might see a move down soon.