$WLD LONG IDEA
The Boss @thelordofentry is looking at longing WLD.
We were talking after the show about all these earnings coming out in the next couple days and how that may re-invigorate the AI plays if earnings are good.
That's why he's interested in WLD this time.
Our entry zone is just a bit lower and with the incoming volatility with earnings and FOMC tomorrow, it should hit.
We have the 0.786 fib, 100 and 200 day sma, a horizontal level, and an oscillator that is already looking good and may print some additional bullish divergence as our entry hits.
As usual we recommend laddering into the position on the way down, in order to limit any potential risk.
ENTRY: 0.415 - 0.40
SL: (1hr candle close below) 0.39
TP1: 0.435
TP2: 0.465
TP3: 0.49
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IS THE MIDWEEK REVERSAL SETUP TOO OBVIOUS?
James says the timing of FOMC and PCE could support @thelordofentry idea of a pump followed by a sharp reversal. But seeing the same clear setup is also what makes them hesitate.
“Hit your upper zone there, reject and then fall down.”
“It just lines up perfectly.”
“It sounds a little too easy though, cause it's too easy to see.”
“That's making me nervous.”
Ft. @TheChartHackers
Full Show: youtube.com/live/b277rLC5XO0…
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This is what happens when you cut out the noise.
$BTC update.
Have a great Sunday fam!
@adriaan_nagel 🔊
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$ZEC Long Setup
Looking for a long at the 0.618 Fibonacci retracement, where it lines up with a 4hr order block and a clear horizontal support/resistance level.
The range POC at 1131 provides additional support below the entry.
Entry: 1189
SL: 1114
TP: 1333
Not for the scalping crew.
GOLD | $XAU @ArabianPandosky
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