Decided to publish this to show how I go about analyzing a market with contradicting signals
EURUSD is approaching a key daily structure resistance. 1.15 is year's high, short rally from that level was just crazy in march. we don't know how the market will react this time, so we must be prepared for both scenarios: in case of a bullish violation of the underlined resistance (daily higher high higher close) the pair will most likely keep growing. next...
hey guys, EURGBP has broken above a key daily structure last week. Here are the key levels from where we will be looking for new trading opportunities. 0.90 - recent resistance that turned to support after a breakout 0.93 - major resistance and 2019's high 0.95 - major resistance and 2020's high just in case of the start of a selling rally here are the key...
OANDA:EURUSD is setting up for a potential bull flag, wait for the retest of the support line, then attempt for a long as it gives good RR
EURUSD (Update) In 4h Chart, EURO Has been forming Falling Wedge Pattern. At the Moment, It's Heading towards the Major Trendline. (Still in Uptrend) Now There Are Two Possible Scenarios...!! 1- If Trendline Broken Down, It Might test the 1.102** (Fib 38.2%) Area. 2- If Bulls Hold the Trendline, & Bounced Back, Expecting Wedge Breakout. In Case of Wedge...
hey guys, analyzing the price action on EURUSD we may notice that: 1.14 is our current structure high once it was reached, the price dropped to 1.123 structure support and failed to retest the high, setting a lower high. then one more retest of horizontal support. equal lows and a new bullish movement brought a lower high again. for now, bulls are clearly...
EURUSD top-down analysis and thoughts. Please, like this video if you find it useful :)
Potential scenarios for EURUSD: bearish scenario and how to catch it bullish scenario and how to catch it enjoy!
EURUSD started a strong bullish movement. Multiple strong resistances are ahead. Key levels based on 3 days chart analysis: Resistance 1 - 1.11 level based on a resistance line of a major channel + horizontal 3 days/daily structure Resistance 2 - 1.12 level based on a horizontal weekly/3 days/daily structure Resistance 3 - 1.15 levels based on a horizontal...
EURUSD is stuck within a wide indecision range since 1st of April. if you want to know where the pair will go next, the only way to clarify it is to wait for a daily breakout. daily candle close will show the future direction of the pair. for now we are stuck within: 1.1 is your resistance 1.078 is your support!
Hello Traders! To find out if price is in bullish or bearish global trend a half year ACD should be applied. Only half yearly Initial Balance can do this. Conditions: If weekly price stays primarily BELOW HALF YEARLY OPENING RANGE (INITIAL BALANCE - IB ) AND in-between IB and lower A-PIVOT = BEAR MARKET If weekly price stays primarily ABOVE HALF YEARLY OPENING...
A-pivots (called A-UP and A-DOWN) are calculated using the opening range (OR - that is where price "belongs") often referred as Initial Balance ( IB ), in our case - monthly opening range. You can find the formula in Fisher´s book. Red lines are opening range (the range of first 2 or 3 trading days in the beginning of month). Then one multiplies a specified...
---Possible Product Review--- Okay, I have some serious mixed feelings today. I dont typically trade on mondays as today is the shake up of the market from the weekend and people's emotions from the market. So, I thought I would buy Scott Carney's harmonic scanner for trading view. the software was very pricey and i honestly had i very high hopes for the...
In this post I demonstrate how you may use Central Pivot Range (CPR) to find the best entries. CPR is leading and static indicator that opens ahead of day. It acts as support or resistance during trends. Price usually pulls back to CPR in trending markets. In fact, any pivot is a Fibonacci retracement level (33.3 or 66.6) from the previous low (33.3) or high...
See chart for details, still bullish but will we have a pullback first? stay sharp stay focused on candlestick formations at key areas
Daily Supply & Demand Zones - any divergence shaping up? Just assessing key levels. Our indicator on the chart is Mayfair's OBV Divergence, Moving fibs and support/resistance from higher timeframes. Be great to get comments on the coming week's thoughts for this pair. Have a great weekend!
The times have changed for the retail trader, and in essence scalping and day, trading has, in essence, become a complete waste of time for the average person looking to make even a small gain in the FX market. In the last 6 years, day trading and scalping have become worthless strategies, only done by those who are ignorant to the situation behind the scenes that...
$1,000,000.00 a year is only $2730 a day. $2730 a day is only $110 per hour if you earn money 24 hours a day. If you're only working 8 hours a day, how do you make money in the other 16 hours? You need a business that pays you whilst you sleep. Simple! There is nothing wrong with having a job to pay the bills, but a job rarely sets you financially free....