RSI under 40, 200 SMA and AVWAP from Aug 5 lows showing support.
Hello Traders! I hope this video uploads to YouTube. AU will be the pair I track and trade for March. Looking forward to finding some good day trades and potential swing ideas.
This chart has seen some interesting movement in the past few weeks and I believe, pending a quality liquidity build, that we'll see ourselves back in the $30 range fairly soon. Happy Trading :)
OANDA:CADCHF is approaching a key support zone, marked by strong buying pressure. This area has historically served as a demand zone, suggesting the potential for a bullish reversal if buyers step in. The current market structure indicates that if the price confirms a rejection from this support zone, there is a high probability of an upward move. I anticipate that if buyers defend this level, the market may head higher toward the 0.61890 target, which represents a logical target within the current market structure. However, a break below this support would invalidate the bullish bias and could lead to further declines. If you have any thoughts on this setup or see an alternative perspective, feel free to comment!
How can we get involved to the downside if we missed the initial dump? Well, here's how! Look out for guiding algorithms and keep in mind larger/higher time frame algorithms at play as well. Even though we take the elevator down, you don't want to get stuck bagholding puts when a necessary pullback/liquidity build comes! Happy Trading :)
I expect the APT price to decrease in the POI 4H block, in which I will work out a long position with the goals indicated on the trading chart : Targets: $5.77 $6.44 $7.34 $8.23 Risk management - 1% on stop order
Morning Star Formation on Daily TF. No Bearish Divergence yet that has matured. a Very Important Support lies arround 173.50 - 177.50 Beautifully printed HL & Moving Up now. Crossing & Sustaining 194 may lead it towards 200+ with ultimate target around 230.
We are right at the 200 day moving average - a major level. I think we see a small bounce here. The weekly 35EMA is here too and the two together can be a force.
A sell at previous weeks high to fill some of the inside gap. Overall still in bullish mode but maybe needs to create efficiency to keep the run going.
SoundHound has remained on a downward trajectory, and now all eyes are on the SMA 200 as the next key support level. With the stock approaching this level, how it reacts here will be critical in determining the next move. A strong bounce here could indicate some stabilization, while a decisive break below would suggest continued downside pressure. Keeping a close watch to see if buyers step in or if this support fails to hold. Stay tuned. ?