The price reacted exactly at 17.40. Ideally, you should now move your Stop Loss to your Entry (Break Even). This would make the trade risk-free, and you could let it run towards 23.
Because of the changed market situation, it is possible that we could see much lower prices, as the SPX is close to a top.
In this case, it would not matter, as the trade is already at Break Even and there is no risk of losing money.
Possible long entries for UNIQA. The risk-reward ratio is great here. A large part of the profits should be taken at around €23.
However, I will not trade this asset. There are other markets that can make bigger moves in a shorter period of time. It will probably take some time until it reaches the €23 level.
Update on My Bitcoin Price Prediction.
I noticed that we had almost the exact same structure in 2022–2023. Because of this, I don't think we will fill the entire Fair Value Gap.
Ideally, we take the previous high but fail to close above it. After that, I expect price to move lower and take the liquidity inside the double Fair Value Gap.
This will most likely push us much higher, ideally together with the start of the altcoin rotation.
I went through several scenarios for Bitcoin, and this is the most likely one for me.
We take the last high, which creates euphoria and makes many people go long. Then the reverse card: a big flush to the downside.
After that, we slowly build higher highs and higher lows again to build liquidity. The trap hits again: a sharp move to the upside.
My Future Trade Setups for USDJPY
On the higher timeframes, we can clearly see an uptrend. Because of that, short positions are not ideal for me, so I will use less risk on shorts.
However, I still think there is a good chance that we will see lower levels soon. There is a gap below us that I expect to be filled sooner or later. For me, this creates a great setup.
If we see a BOS above the previous high, I will wait for a pullback and look for a long position.
Blood Moon to light up North and South America tonight
About 96% of the Moon will enter Earth’s darkest shadow, creating a striking reddish-orange appearance during the near-total lunar eclipse
@Moneytaur_ I can’t really imagine that, because you were probably vaccinated as a child? (Diphtheria, tetanus, whooping cough, polio, etc.)
But since I assume your message is about the COVID vaccine, I would be interested to know why.
McDonalds: We are close to reaching our entry, but the environment has changed.
The VIX is currently in deep demand, which suggests that we could see a move down in the SPX. This would also decrease the chances of seeing an upward move in McDonalds, since both usually correlate with each other.
I have added a chart in the attachment where I compared MCD with the SPX. We can see that McDonalds will likely perform stronger than the SPX in the future. But we have to be careful here, because this does not automatically mean that McDonalds will go up.
It could also be possible that both fall, but the SPX falls stronger. This would still cause an upward move in MCD/SPX, even if MCD is moving down.
For me, this is not the best setup right now. I will still enter, but with less risk. If the market environment changes and we see a bullish structure on the LTF, I will enter later.
Over the next few weeks, I want to focus more on higher time frame (HTF) stock setups because they are easier and safer to trade.
I want to start with McDonalds. On the chart, we can see a ChoCh (Change of Character). This could mean that the price may move lower in the future.
Even so, I plan to open a low-risk long position around $260.00. If the opportunity comes, I will take most of my profits around $305.00 and then open a short position.
I believe there is a high chance that the price will reach the $197.00 level. For me, the question is not if it will reach this level, but when.
If that was the top for EURUSD, these would be my potential entries.
Both trades have a risk of only 0.075% and 0.10%. I would target 1.105 and take partial profits on the way down.
There is a high chance that these trades could end in a loss, so I won’t risk too much.
I think Wheat and Corn will go up in the long term. I already got an entry on Wheat. If Corn gets a small rejection around 570, I will wait for a pullback and look for a long entry.
@LeTraderStoique I just noticed that you are posting more regularly. I hope you keep it up! Your charts really help me see things from a different angle and give me another view on possible future price movements.
Possible 100% upside move for SUI.
The risk-reward ratio here is 16. You could also play this setup with a smaller Stop Loss by placing the entry just above the 1W HOB. This would give a risk-reward ratio of 30!
However, since this 1W HOB is inside a 13D HOB, it is possible that we front-run this level.
I would take most of my profits between $1.50 and $1.70. I will leave a small part of my position open in case we reach the upper area between $2.40 and $3.40.
This is not even that unlikely if we see a strong drop in BTC.D towards ~46% and a rise in SUI.D towards 0.29%.
What a time to be alive.
As perfect as my posts and trades may look from the outside, you should also know that I make decisions that are sometimes terrible.
Here is an example with Binance. I should have simply moved my Stop Loss to Break Even and let the trade run.
Instead, I was impatient. I was afraid that we would see another sell-off. Before ending up with no profits at all, I decided to close the entire trade.
Not even one day later: a parabolic move with up to a 26% price increase.