Entries by Spencer Li

US Stock Indices | S&P 500 – Rising Wedge

Making a great effort to rise, giving rise to a wedge-shaped pattern. Market could either aim to test the old high of 1415 before coming back down, or go straight down from here to test the previous low of 1267. For the former to occur, the market would have to take out the most recent […]

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Forex Trading | EUR/USD – Breakout to New Lows?

Breakout to new lows on the daily chart Expecting more opportunities to the downside Intraday wedge breakdown which coincided with news release… Stars in Alignment: Price, Pattern, Time An intraday double bottom near support after a long decline. A pullback after the double bottom provided another long opportunity. Let’s see if it can hit the […]

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Forex Trading | AUD/USD – Wedge Breakdown

Shorted on wedge breakdown, target at where the arrow is. Level is 1.0360. Spencer LiSpencer is an avid globetrotter who achieved financial freedom in his 20s, while trading & teaching across 70+ countries. As a former professional trader in private equity and proprietary funds, he has over 15 years of market experience, and has been […]

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Forex Trading | EUR/USD – Initiate Longs

Initiated longs in anticipation of inverted H&S breakout Took partial profits near neckline, and added longs after breakout Exited all positions on weakness Spencer LiSpencer is an avid globetrotter who achieved financial freedom in his 20s, while trading & teaching across 70+ countries. As a former professional trader in private equity and proprietary funds, he […]

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Intraday Forex Trading | EUR/USD – Intraday Trading with Price Action

Using 3 timeframes of 5-min, 1-hour and 1-min, this is a simple way to pinpoint entries and exits to scalp the EUR/USD, as well as take longer term intraday swing positions. From the chart, it is obvious the price action is contained in a downwards sloping channel, which means that most opportunities will have a […]

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