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...
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 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. Obviously i don't...
Daily & hourly 618 retracement. Potential AB=CD move. Completion 1213.27
Hey guys, after banking some pips over the night on the AUDCAD trade (see attachment) i want to share with you a 2618 trade that's forming on EURUSD. For those of you who aren't familiar with this formation it basically consists on selling/buying the .618 retracement of the leg that breaks the double top/bottom's neckline. You can see the visual illustration...
TVC:DXY 4h Chart: Safe Trades;
Hi guys, This will be a nice sell set up when it breaks the daily uptrend. It will either consolidate and break or retest the double top before breakout. Looking for a sell set using your trading strategy is probably a good idea. Like and follow to receive instant notifications and updates on all my ideas. Thank you for your support.
Nice rally of price on D1 chart, small correction, and now after removed last peak on H1 chart I see possibility to go 'long'. I will place buy order around FIBO61.8 retracement with TP on 2:1.
Next one USD pair with potential to form another one wave up. I will wait around FIBO 61.8 retracement to open Long position with R/R 2:1.
618 retracement & previous resistance structure ahead. Look for pin bar, potential short.
I am shorting GBPUSD in the 1.28-1.29 zone because of 4 technical reasons. 1. It broke out of the Brexit channel in October and now is close to testing the previous support of the channel (the red line and green arrows) 2. This zone is also an 618 retracement of the impulse move marked as "1 to 2" 3. The RSI/7 will most likely be overbought once it hits this...
Since venturing below the established trend line set this year, NZDUSD had retraced to 61.8% of it's last down swing. To add confidence to this trade yesterday formed an bearish engulfing bar that move price quite a bit lower. Suggested SL is above the recent high and profit targets are in the 1.272 - 1.618 Fibonacci extension area.
Something I've spotted with is pair , after the bullish momentum from the 1.41600 price zone , price seems to have found resistance area close to daily resistance too which is 1.44000. we can see price is struglling take break this resistance area , daily candlesticks have failed to close strongly above the price of 1.44000. Just a small short idea all the to...
AUDCAD POSSIBLE BULLISH PATTERN SOON ON .618 ALSO GOOD SUPPORT
LETS SEE PRICE ACTION WHEN TOUCHES .618 LEVEL