Mission briefing
January 19, 2023
- Our preference: “Bullish” on the trend and pivot point. Alpha1’s favored outcome is illustrated by the directional arrow on the chart image.
- Pivot (Purple horizontal line): is the key level within every Technical Analysis Report. It is a key technical level (support or resistance), where Alpha1 would turn bullish from bearish, or bearish from bullish.
- A comment that briefly describes the arguments underlying the strategy and how Alpha1 formed its opinion.
- The pair has been trending upward on the daily chart. Price is above SMA 200.
- Price is generally making higher highs and higher lows.
- Price recently rejected EMA21 in an upward path.
- The pair has been trending upward on the daily chart. Price is above SMA 200.
- The ST and MT trend summarizes Alpha1’s opinion and is Short Term (ST) over one week or Medium Term (MT) over a one-month horizon.
- Short Term – A1’s opinion within two weeks- Bearish
- Medium Term – A1’s opinion within one month – Bearish
Trading rules & checklist
☐Clear directional scenario with price targets
- Entry: Look for an entry on 1-hour chart, price rejects EMA21, Bearish candlestick confirmation.
- Exit:
☐Stop loss level and alternative scenario
- Stop Loss Level:
- —–
- Alternative Scenario:
- Price could gain support at daily SMA 200 and reverse trend higher. If this happens, we will look to get out of a losing trade quickly. If the price breaches current resistance and/or EMA 21 and closes to the upside, we need to exit a short position.
☐Clear risk management plan
- Limit for a single position – 2%
Chart Analysis:
DAILY CHART
- Graphical indicators and technical commentary
- Short-term and mid-term trend overview
- Details on the significance of key supports & resistance levels
- A chartist approach to assessing directional moves and price targets
- Japanese candlesticks to confirm trend reversal or acceleration
4-hour chart
- Graphical indicators and technical commentary
- Short-term and mid-term trend overview
- Details on the significance of key supports & resistance levels
- A chartist approach to assessing directional moves and price targets
- Japanese candlesticks to confirm trend reversal or acceleration
1 Hour chart
- Graphical indicators and technical commentary
- Short-term and mid-term trend overview
- Details on the significance of key supports & resistance levels
- A chartist approach to assessing directional moves and price targets
- Japanese candlesticks to confirm trend reversal or acceleration
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