Hello All,
Today's Market is slow as always, since it's the beginning of the week, we expect momentum to increase mainly during NEW YORK Session, However it does not mean we should not make some profits and as i promised last week, this week i will be on 30Min AND 45MIn TIME FRAMES, i believe this should be a good illustration for those whose equity is low.
Today there is nothing much to disclose, we can see that OUR PREVIOUS Down TREND LINE was broken this is mainly an indication that sellers are loosing Momentum however we still expect a fall, the orange box on my chart indicating the above statement, since it's the beginning of the week and there is not enough momentum the least we should expect is a CONSOLIDATION and then at least a retest to either $1818 and if it's to extend further then it should be $1820, however if our level $1820 is broken this could mean there is change in trend and instead of the fall we were waiting for we will see a rise to $1834 and possibly hit $1846.(This all depends on the patterns formed)
Note if $1820 is broken, and the price moves towards $1834 at this level we will be considering Price Action and the PATTERNS FORMATION so as to give us more information on where our trend is headed to.
My ENTRIES since the start of last week (Monday) at $1839-45 are active and as always in BIG BLUE, i also had 4 Entries at $1826 which are currently running PROFITS, NOW with all being said if level $1807 is broken then we should expect $1795 HIT and if it's to run further down then $1783 is the 2nd TAKE PROFIT ZONE.
For those Few words, I hope you all enjoy this week's ENTRIES and have success throughout your lives! Up until then Wish you all A wonderful Start Of BlUE DAY.
NOTE : Whatever I SHARE with you here IS NOT A Recommendation, I share this for KNOWLEDGE PURPOSES ONLY, This is my OWN ANALYSIS, using my Head and Indicators to evaluate, However i always give you the insights so that you can conclude on your OWN. PLEASE FEEL FREE to share your IDEAS OF THE SAME in the Comment Section, we ain't here to argue coz depending on your analysis you may be right and I MIGHT be wrong ,WE COULD ALL BE RIGHT and also WE COULD ALL BE WRONG!, and if I'm Right it does not MEAN your WRONG!
Today's Market is slow as always, since it's the beginning of the week, we expect momentum to increase mainly during NEW YORK Session, However it does not mean we should not make some profits and as i promised last week, this week i will be on 30Min AND 45MIn TIME FRAMES, i believe this should be a good illustration for those whose equity is low.
Today there is nothing much to disclose, we can see that OUR PREVIOUS Down TREND LINE was broken this is mainly an indication that sellers are loosing Momentum however we still expect a fall, the orange box on my chart indicating the above statement, since it's the beginning of the week and there is not enough momentum the least we should expect is a CONSOLIDATION and then at least a retest to either $1818 and if it's to extend further then it should be $1820, however if our level $1820 is broken this could mean there is change in trend and instead of the fall we were waiting for we will see a rise to $1834 and possibly hit $1846.(This all depends on the patterns formed)
Note if $1820 is broken, and the price moves towards $1834 at this level we will be considering Price Action and the PATTERNS FORMATION so as to give us more information on where our trend is headed to.
My ENTRIES since the start of last week (Monday) at $1839-45 are active and as always in BIG BLUE, i also had 4 Entries at $1826 which are currently running PROFITS, NOW with all being said if level $1807 is broken then we should expect $1795 HIT and if it's to run further down then $1783 is the 2nd TAKE PROFIT ZONE.
For those Few words, I hope you all enjoy this week's ENTRIES and have success throughout your lives! Up until then Wish you all A wonderful Start Of BlUE DAY.
NOTE : Whatever I SHARE with you here IS NOT A Recommendation, I share this for KNOWLEDGE PURPOSES ONLY, This is my OWN ANALYSIS, using my Head and Indicators to evaluate, However i always give you the insights so that you can conclude on your OWN. PLEASE FEEL FREE to share your IDEAS OF THE SAME in the Comment Section, we ain't here to argue coz depending on your analysis you may be right and I MIGHT be wrong ,WE COULD ALL BE RIGHT and also WE COULD ALL BE WRONG!, and if I'm Right it does not MEAN your WRONG!
Trade active:
Our Bands seem to be loosing momentum which could be an indication of CONSOLIDATION in 1 Hour Time Frame, but we should expect our fall to continue, possibly during the evening hours in (LONDON SESSION) for kenyans this session starts from 4p.m.
The fall is certain as of now we are seeing consolidation, as we await for major breakouts.
Up until then will be back with an update soon.
The fall is certain as of now we are seeing consolidation, as we await for major breakouts.
Up until then will be back with an update soon.
Trade active:
Hello all , hope you all had a good start of the week, As i indicated yesterday i was expecting a retest to $1818-20 and we did get our retest now what should we expect next?
As always we are we have our traps set for now $1820 is still a level of concern since our trend is hanging around there, so for this reason i say we wait for further confirmation because of our broken downtrend formation line , although expectations should be the same, that is if level $1820 is broken then it only means the trend has changed it's move from downside to the upside and if level $1808 is broken this means a continuation of our downtrend.
Considering the PRICE ACTION in 1 Hr Time Frame, we can see both Sellers and Buyers have not made any decisions yet, reason being all candles formed have no momentum increase they actually are almost the same, this could lead to CONSOLIDATION for sometime then we see our breakouts later.
My intention remains the same, Targets remain the same but as of now i'm thinking of canceling the entries i had earlier last week and execute new ENTRIES, I'm in good profits but i hate the idea that i have to stay in the market for this long.
Anyways that's up to me, for now that is what we should expect and until then wish you all a good day!
NOTE: Don't forget to comment or share your ideas, remember this all is for educational purposes and if you have an idea then share it for the betterment of our knowledge.
As always we are we have our traps set for now $1820 is still a level of concern since our trend is hanging around there, so for this reason i say we wait for further confirmation because of our broken downtrend formation line , although expectations should be the same, that is if level $1820 is broken then it only means the trend has changed it's move from downside to the upside and if level $1808 is broken this means a continuation of our downtrend.
Considering the PRICE ACTION in 1 Hr Time Frame, we can see both Sellers and Buyers have not made any decisions yet, reason being all candles formed have no momentum increase they actually are almost the same, this could lead to CONSOLIDATION for sometime then we see our breakouts later.
My intention remains the same, Targets remain the same but as of now i'm thinking of canceling the entries i had earlier last week and execute new ENTRIES, I'm in good profits but i hate the idea that i have to stay in the market for this long.
Anyways that's up to me, for now that is what we should expect and until then wish you all a good day!
NOTE: Don't forget to comment or share your ideas, remember this all is for educational purposes and if you have an idea then share it for the betterment of our knowledge.
Trade active:
The second Downtrend which was formed late last week is as well broken, this is an indication that sellers are loosing their grip on the market and there could be a change in our trend movement.
Note: This is the second time our trend formation are broken, i'll be looking for a third trend which is broken there and then will have my conclusions on what's next.
Meanwhile sellers are still in control of the market and let's see how today is going to be, up until then do wish you all a wonderful trading session, will be back later for updates and remember the IDEA remains the same.
Note: This is the second time our trend formation are broken, i'll be looking for a third trend which is broken there and then will have my conclusions on what's next.
Meanwhile sellers are still in control of the market and let's see how today is going to be, up until then do wish you all a wonderful trading session, will be back later for updates and remember the IDEA remains the same.
Trade active:
As i had indicated in my first post, we should expect a retest to $1818 and possibly reach $1820 however if we see level $1820 broken we should expect our trend to change it's direction and instead of the fall we will see a rise.
It has come to pass we are currently heading to my first Take Profit Zone at $1834 and possibly hit my second Take Profit Zone at $1846.but as always the evening hours are not meant for trading, this just an update to you Fam. Although possibilities of zone $1846 are so minimum but that's what we might see and mostly expect a rebounce from $1830 and a continuation.
Let's see what tomorrow brings and i might be coming back with a new post.
for nowit's a good night from me to you until tomorrow wish you all the best
It has come to pass we are currently heading to my first Take Profit Zone at $1834 and possibly hit my second Take Profit Zone at $1846.but as always the evening hours are not meant for trading, this just an update to you Fam. Although possibilities of zone $1846 are so minimum but that's what we might see and mostly expect a rebounce from $1830 and a continuation.
Let's see what tomorrow brings and i might be coming back with a new post.
for nowit's a good night from me to you until tomorrow wish you all the best