Recent short term rebound shows peak sign yesterday with morning price surge erased in the afternoon. Which indicates selling pressure are coming back after rebound. We entered into a Callable Bear Contract yesterday at the peak with the analysis of current downtrend reacts more sensitive to sign of selling pressures. Which we see a possible short term price...
The market peaked in a rising wedge pattern completing leg V of a major contracting triangle. Price action ahead is about to drop in a bearish impulse wave.
I'll be looking to see if price pushes up further. I will sell if price reaches my first level but I do think that it may reach the second one or close to it. This may take a week to set up if this were to happen. FX:GBPCAD
Here is a potential short setting up. I think it will be a while until price gets there if it choses to push up. It looks very similar to GBP/JPY but a few days ahead. I'll break down the similarities in the future. There were levels that were hit and price barely missed this last level before turning down. This level is still in play and I will be paying close...
The game plan is still the same. The only difference is that a level was recently added. 1.65556. If this level is reached, I believe that there is a good chance that price will reverse from there or not go too far if it price goes above. It may not get there at all and that's fine. I'm still selling at the bottom two levels if price gets to those. FX:EURAUD
Nothing much has really changed since my first posting on this. Price has hit my first two levels and since then been skirting on top of them for a while. So the levels underneath are still at play. Price hasn't moved up enough to invalidate them. Maybe it will push up soon. If it does, I will go short from my short zone. If price goes lower, I'm interested to see...
I'm a bit late on this one since I haven't been working on any JPY pairs. But I'll start. My first level was reached and there has been a push down from it so far. Not sure how deep it will push for or for how long. I marked the first level retrospectively but as you can see from my past postings, I always draw the zones out like that. I will be paying attention...
The price action is printing a peak formation making an iv wave of a potential expanding diagonal ending. This contractive path suggests a possible diamond pattern to be formed, in which structure price can form a counter triangle. The expected swing down tends to led the price to extend an 2.618 Fibonacci ratio of a potential Harmonic Bat C-D leg @ pivot support...
We are are pushing up into new yearly highs. Price has nibbled through a few times from what it looks like from the three push pattern. It was good for a 150 pip drop. Sellers who took their profits are good. What about the sellers who anticipated a further drop and held on? They are in serious heat right now and trailing/break even stops have been hit. Now we...
DXY officially peaked after J Powell meeting, IMHO, technically there are divergences at the month RSI, that is a inevitably reversion sign, is like a marathon runner drinking martinis, it will fall but when? I think the time has come
now price reach daily bullish ob and in h1 price bounce 2 time down so i am interested to looking peak that accrue if swing high break strongly , so not needed to price come back and retest ob or breaker and may go up, so i have many technique for entry
That's just an idea, never take a prediction for granted!
Good morning traders As we can see that there is a clear peak formation high on the EURUSD, as you are probably aware, we do not trade against these kinds of moves. Remember to keep the risk managed! Cheers :D
Good morning traders, So yesterday, I did post an idea about the usdcad going higher, how ever, I woke up this morning morning and noticed a PFH has been printed. Which has dramatically changed my bias on the direction. USDCAD is now a clear short to me, would be looking to enter on a pullback. As always, keep the risk managed! Cheers :D
Tron topped with highest trading volume yesterday. The price went parabolic, which is not sustainable in the end. It crashed along with other cryptos. Tron will continue to drop but in a less volatility.
- peak low set on Tuesday - peak high set on Thursday after stop hunt from previous high on the 0.236 fib level that happened on Wed - m pattern on the high - take the short to the 50 fibonacci retracement level - risk/reward: 1:1
- peak of week high and low established - tp: 1.70311 - sl: 1.71756 - right time to take move would have been during the asian session but momentum is still evident - take profit expected to hit on Friday - risk/reward: 1.46 - pips gained: roughly 800
- Peak high of week formed with 3 touches to the high on Mon + previous spike on last week Friday - Low of week formed on Monday - T1: 50 EMA Pullback - T2: 50 Fibonacci Retracement - Risk/Reward: 1/2.5