Digital-nomad

Digital-nomad

As you can see in the New Zealand Dollar/ U.S Dollar H4 chart , The market formed a nice double top , and a breakout trap at the second top . The breakout of the neckline confirms the chart pattern , and if the market approaches the demand zone , we can predict a strong impulsive move upwards .

Digital-nomad

The market trapped me in a false breakout, I thought that the market will break the support level and go lower but the breakout was only a trap before going up strongly

Digital-nomad

The market broke the range and it is likely to go down .

Digital-nomad Updated 

Good buying opportunity The market was ranging and this strong breakout of range is an indication that the market will go up.it can retrace back to the range and then goes up again but the best entry is after the breakout

Digital-nomad

The market was ranging and now it broke the range to go down more and more

Digital-nomad

The market is still going up and a after this engulfing bar the market will still go up

Digital-nomad

As you can see on the USD JPY Daily chart , the market broke the bullish trend line (look at the big red candle mentioned on the chart), and pulled back to test the bullish trend line ( look at how the market rejected prices after the pullback). We also noticed that there is a nice double top pattern that was formed at the end of the bullish trend which indicates...

Digital-nomad

The GBP USD is still ranging on the daily chart, the false breakout of the support level of the range is an indication of a bear trap which means that buyers are willing to go and reach the resistance level of the range. No we have two scenarios : -If the market breaks the support level of the range , it will go to test the strong supply zone, which will be a...

Digital-nomad

The market was trending up, prices broke the bullish trend line and comes back to retest it

Digital-nomad

The Market was trending up, and then made a double top which is a reversal top.the breakout of the trend line was strong and indicated the end of this trend up and the beginning of a new downtrend.

Digital-nomad

On the H4 time frame the market was rejected from a strong supply zone ( look at my previous analysis on my account) and on the hourly time frame the market broke the the bullish trend line which is and indication of change in momentum Sellers are going to be in charge of the market. we can see a pullback to the trend line after this breakout but there is a high...

Digital-nomad

A great opportunity to take a long position after the false breakout of the support level. This false breakout was made by two pin bars which indicates that sellers were trapped by buyers and a trend reversal is likely to happen

Digital-nomad

as you can see the market is trending up following a bullish trend line, buyers are going to be challenged at the supply zone . I mentioned the bullish trend line and the supply zone as important levels that can give a clue what the market is going to do. the best entry setups that aim waiting for are the following : 1-A pin bar rejected from the supply which...

Digital-nomad

As you can see the market made a double top which is an indication of a trend reversal. As you see there is a false breakout of the resistance level (the slight red line around the double top).this false breakout indicated a trend reversal as well.The divergence between the price and the relative strength index confirmed this trend reversal signal. now the...

Digital-nomad

The market finds difficulties to break this level and once it reached it again ,There is a false breakout of the support level which indicates an other move up, the profit target should be at the next resistance level, because this move can be also just a retardement a downtrend.

Digital-nomad

The market is still ranging which means that buyers and sellers are still equal. The slight false breakout of the support level can give us an important information of what is going to happen because when the market is ranging , it makes always a false breakout before moving to the opposite direction. It is not the case every time but this happens frequently in...

Digital-nomad

it is the best time for a short position on this pair , look at my previous idea about this pair and my expectations.

Digital-nomad

As you can see the market is ranging and made a false breakout at the resistance level of the range. this false breakout is always made before a strong move to the opposite direction. if the market breaks the support level , prices will continue going down. this is not the right moment to enter we still need more confirmations