Hi guys, this is a simple structure trade: you can see price is coming back to retest the former resistance that once broken should turn into support. This is also lining up pretty well with a 618 retracement and a psychological number (1,40). You can see also a pin bar just formed with OVERSOLD condition. All those clues together make this trade a nobrainer. If...
Hi guys, this is a simple structure trade: you can see price is coming back to retest the former resistance that once broken should turn into support. This is also lining up pretty well with a 618 retracement and a psychological number (1,40). You can see also a pin bar just formed with OVERSOLD condition. All those clues together make this trade a nobrainer. If...
Hi guys, i don't trade gold yet but i want to apply some of my structure analysis here for i think this could be interesting. As you can see price is now testing a resistance zone, that also lines up with the 618 retracement of the bigger daily leg. On the bottom of the screen you can also see some divergence on the RSI. At the moment price is also showing some...
Please see annotated chart for details.
This pair is short term long and will head down for a short. Short from key resistance level to key support. Looking for rejection of 61.8 fib and will exit at -27.0 fib.
Spotted a XABCD pattern that occurred and this indicates that the market will long. Last move before the market closed, retracement showed 0.618 which indicates the pull back to go long and the profit target used shows a desired profit area of 2.618. Small stop loss but should look like a potential market to follow as there are long opportunities to seize in the moment.
FX:AUDUSD Opportunity to sell from 61.8 FIB LV
Hi guys, few days ago i've published a shorting opportunity on this pair. But that doesn't mean we can't change our mind. In this particular case, i've missed the short entry but that was in fact a counter trend trade. Now price has retraced back right on the previous resistance that was broken and that could turn into support (black box). Since we have a double...
Hi guys, few days ago i've published a shorting opportunity on this pair. But that doesn't mean we can't change our mind. In this particular case, i've missed the short entry but that was in fact a counter trend trade. Now price has retraced back right on the previous resistance that was broken and that could turn into support (black box). Since we have a double...
Hey guys, today i want to bring your attention to GBPUSD. As you can see, looking left, there are multiple structure level that acted as supports or resistances. This level also lines up with the 618 retracement and a psychological number. So i'm going to look for a double top or a simple candlestick formation right there. I'll keep you updated. If you want to...
GBPUSD Bearish bias downtrend closed below FIB The EMA's confirm a strong uptrend. A break of my CTL will confirm shorts. If 1.24 is broken and re-tesed then i will be bullish. But time will tell.
Hi guys, here on AUDNZD we have no structure looking left on the higher timeframe. In cases like this i start looking for simple pattern formations, like flags, triangles and wedges in the trend direction. On the chart above you have what could be considered a flag pattern that's been broken to the upside. Price is now retracing back and giving us a better risk to...
Hi guys, here on AUDNZD we have no structure looking left on the higher timeframe. In cases like this i start looking for simple pattern formations, like flags, triangles and wedges in the trend direction. On the chart above you have what could be considered a flag pattern that's been broken to the upside. Price is now retracing back and giving us a better risk to...
Hey guys, in this pair price recently broke and closed above the previous resistance area. Therefore we're looking to get on the trend as soon as we can. When such big impulses happen, there's usually no space for deep retracements, and so we need to use some simple patterns (flag, triangles) in order to catch the move higher. In this case you can see a flag...
Hi guys, this time i want to share with you a simple structure trade, in order to let you understand how i analyze markets so that i can find the best opportunities. I utilized two charts in this case for you have to get the reasons behind this thought process. In the left hand side of your screen, there's the 4HR chart, and you can see price has created two...
sell on structure and 61.8 level
61,8 fibonacci rejection and breakout of bullish trend line. Must be carefully with 1,000 support level. Once that level breaks, we can add more volume.
Hi guys, i want to explain to you why i'm going to short this pair if price pulls back a little bit more. As you may know audnzd -0.12% has been moving upward without interruption: both in the daily and 4hr chart Rsi is in overbought condition, and this tells us that market is overextended and there's maybe some room to retrace and let the trend breath....