Scalping
EURCHFOn this exchange, the price has just broken through a strong demand zone and subsequently retraced to a supply zone that the price generated within that main one. My view is highly bearish so I entered a short position with a 1:4 risk-reward ratio target.
Let me know what you think in the comments.
Have a nice trading day!
AUDUSDAUDUSD presents an interesting scenario as it shows a very strong demand zone where the price has attempted to drop multiple times, creating spikes. However, we do not yet have any interesting points for a long trade, so if the price were to break this zone, we could consider a short trade.
Let me know what you think in the comments.
Have nice trading day!
Bitcoin Scalping Signal for Day Trading🖥️ We have determined there is a 60% chance Bitcoin will Rise from our current entry point.
📉 LONG - BTC : 29,150 📉
💵 Length of trade: we are expecting BTC to hit a HKEX:650 scalp, with a high end of HKEX:900 , with a possible rejection signified by the red boxes, and will look to short.
🕰️ Duration of trade: we are expecting the minimum target to occur within 10 hours. Then we see the rest of this trade playing out by Thursday.
Xauusd Projection on 17/4/2023Hello everyone,
I wanted to share my trading plan for XAAUSD and provide a quick analysis on the current price action.
As we can see from the chart, XAAUSD is currently trading at a higher high price, which suggests that the market is in an uptrend. Additionally, the price is approaching a key resistance level, which if broken, could signal a continuation of the uptrend.
However, it's important to always be cautious when trading and manage risk appropriately. While the possibility of a breakout is high, there is always a chance of a reversal or a false breakout.
It's also worth noting that the price recently touched a support level and made a pullback towards the resistance level. This could indicate that the support level is acting as a level of demand, where buyers are stepping in and pushing the price back up.
Once the price bounces off the support level and moves back towards the resistance, traders will be watching closely to see if the resistance level holds or if it breaks. If the resistance level holds, the price could potentially move back down towards the support level, creating a trading range. If the resistance level breaks, it could signal a continuation of the uptrend.
As always, make sure to do your own analysis and use proper risk management techniques in your trades.
Good luck and happy trading!
GOLD | Xauusd Technical analysisOANDA:XAUUSD
Hi , trader's , as you can see in short term , Market is making M shape
M shape chart pattern is Double top pattern , IT's a bearish reversal pattern
Market can Go Down from 2006-2007 area to 1996 to back test the support
Major resistance is at 2023-25 area in 4hr TF
Market needs to do a correction for further uptrend
GBPJPY Breakout scalpingLooking at tow key levels on the chart, using the 5 minute and just taking a breakout above or below the level
Short 8-12 pip stops with next level target/exhaustion of the move
Quick trades, may open and close a few times, market entries, tight stops, low risk. All stops will adjust to the exact base of the breakout candle, + 3 pip spread for shorts
Enter, it goes, great, it don't goes, cut it immediately
Break must happen with momentum, otherwise, adjust the levels
Overall looking short for downtrend, but just taking breaks up or down, because the market can change at any time, and this is speed trading so not going to super analyze it, just KISS it
Bitcoin Scalping Signal for Day Trading🖥️ We have determined there is a 65% chance Bitcoin will Rise from our current entry point.
📉 LONG - BTC : $27,850 📉
💵 Length of trade: we are expecting BTC to hit a $400 scalp, with a high end of $650 and a minimum expectation of $250.
🕰️ Duration of trade: we are expecting the minimum target to occur within 7 hours. Then we see the rest of this trade playing out by mid day after market open for NYSE.
Bitcoin Scalping Signal for Day Trading🖥️ We have determined there is a 70% chance Bitcoin will Fall from our current entry point.
📉 SHORT - BTC : $28.550 📉
💵 Length of trade: we are expecting BTC to hit a $1,000 scalp, with a high end of $1,500, and a minimum expectation of $550.
🕰️ Duration of trade: we are expecting the minimum profit target to possible get hit by market open in NYC. Then we see the rest of this trade playing out until Friday.
Bitcoin Scalping Signal for Day Trading🖥️ We have determined there is a 70% chance Bitcoin will Rise from our current entry point.
We had a nice Bounce off our 0.786 Fibonacci, and with a majority of the uncertainty over - some upward movement is our belief.
📉 LONG - BTC : $27,250 📉
💵 Length of trade: we are expecting BTC to hit a $550 scalp, with a high end of $1,100, and a minimum expectation of $300.
🕰️ Duration of trade: we are expecting the minimum target to occur within 10 hours. Then we see the rest of this trade playing out within 3 hours of market open for NYSE.