Price has been in a down trend as indicated by the lower highs and the descending trend line... After the minor support broke, price moved down then pulled back and tested the 50.0 / 61.8 fibo levels of the bearish move plus printed a sell signal (hanging man) I am shorting at market price 145.396 and SL above highs @ 145.766 and TP lower around support @...
Confluence of a few factors: 1. Downward trend line serving as resistance 2. Bearish engulfing candle pattern (sell signal) 3. Pinning 21 SMA 4. All happening at 14.13959 short term resistance I am selling at market price with #Sl just above the bearish engulfing @ 14.18403 and #Tp lower down at previous demand zone around 13.85317 As usual don't bet the...
The trend is currently bullish so I am looking for buying opportunities Using the 21 MA I spotted a bullish engulfing candle pattern just completed Buying @ market price 1.00008 with Sl below the candle pattern @ 0.99737 and Tp higher up around resistance @ 1.00568 Always exercise good risk management For trade management details please join Forex Bootcamp...
Looking to short once the yellow bar has been reached. I will be waiting for a sell signal to form around this area before making any decision. For real time updates, exact entries and trade management details please join Forex Bootcamp using the Telegram link below.
The yellow bar represents the 50 and 61.8 fibonacci levels based on the first bullish move after the drop. Price printed a pin bar pinning both these levels, also note the trend line remains unchallenged. I have bought at market price 0.99466 and # placed my stop just below the trend line and previous low @ 0.98876 and # my take profit is below the resistance...
The resistance level has been holding well and the support trend line broke on Friday indicating possible change in the trend. I will be looking to sell IF the following conditions are met: I have marked with the yellow bar the 50 and 61.8 fibo levels based on the last bearish move. I want to see if this level will be tested and IF a sell signal prints, to...
Lower highs on Daily and H4 time frame = bearish market structure I am looking too sell this pair once conditions have been met. After the drop that took place on Friday I have marked the 50 and 61.8 fibo retracement levels with a yellow bar. This is where I will be waiting to see if price prints a sell signal before considering to short. The area of interest is...
When checking the D1 and W1 time frame I can see an ascending triangle pattern formed, equal highs but more specifically higher lows = bullish market structure Price may fall lower down to the trend line BUT IF price prints a buy signal on the yellow bar (50 and 61.8 fibo levels for recent bullish move, although small) I will look to buy My level of interest to...
We saw a nice bearish move on Friday as money flowed out USD into safe havens like the yen and gold. The up channel has been broken and I am looking for a retracement to the 50.0 or 61.8 fibonacci levels. Once price reaches the 110.396 level I will look to price action for a sell signal to short this pair: IF the above happens I will have my stop above...
Price has printed a buy signal on the trend line (doji) Note the ascending triangle pattern, so this setup offers a great risk to reward ratio! Entering at market price 0.68417 with SL below the low at 0.68154 and TP as per the triangle pattern target IF it breaks higher at 0.70768 Don't bet the farm, always exercise good risk management! Follow me in Telegram...
I am only looking to buy as I can see the market is currently bullish on the weekly and daily time frame. The last bullish impulse move took place and I want to see if the pullback is a correction by testing the 61.8% fibo level. IF a buy signal prints on the 61.8 retracement level (1.32611) I will open a buy order with my stop below support and targeting...
Check out the ascending triangle pattern and more interestingly the bullish inside bar pattern. IF the current candle closes bullish above the inside bar pattern it is a price action buy signal. Follow me in telegram messenger using the link below for live updates.
Double top / M formation completed. Price also re tested the minor resistance marked (pinning the level is a big price action clue) Entered @ market price 1.00608 and TP lower down at next support 0.99907 and SL above the high @ 1.00890 Don't bet the farm and always exercise healthy risk management :)
Will the double top pattern prevail? I have marked key levels where I will be using price action to look for clues. Follow me on Telegram messenger using the link below for more details when the trade goes live
Looking to trade the bounce off the major support (marked the false breakout with a yellow box) Now that the impulse move has shown a retracement pinning the 61.8 Fib level making it good for a buy with a strong risk to reward ratio... I am buying at market price @ 0.70628 and TP @ 0.71601 (resistance) and SL below the low @ 0.70454 The market offers no...
Resistance tested as support and a buy signal (hammer) has printed. I am buying @ market price 111.379 with TP @ 111.986 and SL @ 111.059 Stop just below the support and take profit at the resistance level
Price has been hanging around the supply zone for a while so I have been looking for clues to short. We now have a small support that was broken and tested as resistance plus a bearish engulfing pattern has printed Short @ market price 146.935 and SL above the high of the bearish engulfing pattern @ 147.935 and TP at support lower down @ 144.584 Don't bet the...
There was a false breakout above the resistance level at 1.93982 so I have been waiting for a short signal which has been completed. Notice the bearish engulfing candle pattern that has printed and pulled price back below the resistance level? Thats the signal... Shorting at market price 1.93895 with Stop loss placed just above the bearish engulfing pattern at...