Forwarded from DovyFX | PREMIUM
US100
We all saw the crazy selloff yesterday. It was over 5% decline for Nasdaq which is a lot. I don't see the price dropping much further without a bigger retracement. So I have 2 zones as you can see on the screen, where I will be looking to take short positions and follow the momentum.
We all saw the crazy selloff yesterday. It was over 5% decline for Nasdaq which is a lot. I don't see the price dropping much further without a bigger retracement. So I have 2 zones as you can see on the screen, where I will be looking to take short positions and follow the momentum.
Forwarded from DovyFX | PREMIUM
There is also an opportunity to go long for a scalp (short-term) trade, but only using very small risk.
Confirmations on the trade:
1. Price is sitting at Monthly + Daily support
2. 10min inverse head&shoulders
3. 3-10min price structure shift to bullish
1. Price is sitting at Monthly + Daily support
2. 10min inverse head&shoulders
3. 3-10min price structure shift to bullish
Forwarded from DovyFX | PREMIUM
US30
We might see a double bottom forming here on the 1H timeframe. I recommend to look at daily timeframes on all indexes and you will see a strong rejection candle that also left a small gap. Anyways if it ends up breaking the demand below, there will be a great short opportunity to follow the momentum on the bigger picture.
We might see a double bottom forming here on the 1H timeframe. I recommend to look at daily timeframes on all indexes and you will see a strong rejection candle that also left a small gap. Anyways if it ends up breaking the demand below, there will be a great short opportunity to follow the momentum on the bigger picture.
DOVYFX
XAU/USD BUY NOW (1674.87) SL: 1666.25 (96 pips) TP1: 1684 TP2: 1694 TP3: 1705 (300 pips) 1:3.1 RR
Closing this trade early.
Not something I prefer holding over night.
Not something I prefer holding over night.
Forwarded from DovyFX | PREMIUM
US100
Here I am sharing a weekly chart. As you can see the price has approached 200MA and monthly support. If you look to the candles right beside it, you will see what was the reaction when this happened last time.
Very interesting time in the markets for the next couple weeks, as break of that may cause big drops or if the price respects it, we may see some recovery.
Here I am sharing a weekly chart. As you can see the price has approached 200MA and monthly support. If you look to the candles right beside it, you will see what was the reaction when this happened last time.
Very interesting time in the markets for the next couple weeks, as break of that may cause big drops or if the price respects it, we may see some recovery.