Hello Traders! Witaj!
We play with Smartmoney concepts, that means that we focus mostly on price action to determine what will happen in future.
As we all know, price is moved by BIG players: Banks, Institutional traders, HFT bots (we call them all of them SmartMoney).
They can't play as we do, cause of a HUGE lot sizes, so cause of that they need to SELL to...
REASONS:
-Monthly Timeframe candlestick is bullish
-Weekly Timeframe candlestick is showing sellers exhaustion (wick on the bottom of candle )
-Daily Timeframe , the past 4 candlesticks showing sellers exhaustion (wicks on the bottom of candles)
-Lower Timeframe correlating with higher timeframes
My Purpose:
I am executing projections and trades that create...
Monday morning, great week ahead - unemployment data from Europe, Non-farm from USA. But today more concentration on technical analysis, check pattern bullish Head and Shoulders on EUR - USD currency pier (H1 timeframe). If price will cross T1 trendline- the target will be 1.1023. Be careful as it is Monday and price still can test 1.0905, last week lowest price....
Quite interesting situation on Australian - US dollar currency pier today. Last downtrend channel with T1;T2 trendlines is under pressure to cross T1. Also two important prices for next week, which where formatted during this trading week, resistance level L1 - 0.6809 and support L2 0.6738 . In case if price will cross T1 trendline the target will be L1...
US dollar fell by 180 pips against Turkish currency during Asia session on Monday. Now you need focus on two main technical aspect of this currency pier. The first - Fibonacci level 23 (5.7410) and pattern triangular (L1-L2 trend lines). Fibonacci level served as quite strong resistance level and pushed price in the pattern. Today price may keep range 5.7080 -...
Hello Traders!
We play with Smartmoney concepts, that means that we look mostly on PA to determine what will happen in future.
As we all know, price is moved by BIG players: Banks, Institutional traders, HFT bots (we call them all of them SM).
They can't play as we do, cause of a HUGE lot sizes, so cause of that they need to SELL to BUY and BUY to SELL for...
Follow up USDCHF technical analysis. Yesterday Sep. 3, we have posted analysis on US - Swiss currency pier, the pattern wedge were broker on Asian session today. This fact is a good signal for short term trend formation - correction of USD bullish period. We have also predicted USD trend correction to major currencies and yesterday US Manufacturing PMI pushed ...
US currency continuous its rally against major currencies. But based on technical analysis short correction is relevant, for example against CHF you can find pattern wedge on H4 chart, which also is a signal for short US dollar. This week is complicated, keep your attention on US manufacturing PMI release today.
Interesting situation on EURUSD chart today. Fundamentally you need to focus on US-China trade war positive messages, which cause sharp gain of US currency on Friday. Today banks are closed in USA, due to labor day, so markets will be calm after European session. More attention on technical analysis, now EURUSD is trading at 1.0989.
Two main aspects of...
Great opportunity for trading on US dollar - Mexican Peso currency pier. On friday price has formed pattern "double top", after crossing support 20 20.0512 we predict drop to 19.8550
CadChf possible forming a inverted head and shoulder on weekly,
on daily large bearish engulfing sets the tone for the first move down and I'm aiming for 0.73343 for the end of the right shoulder
Perfect rejection on daily for the 61.8 fib.
I expect CJ to go down and retest the monthly low of Feb., possibly a break of the monthly low since it is on downtrend.
Ill be looking on shorts for CJ.
10-02
I expect Cadchf go go north again.
On monthly there is a large bullish engulfing, and I expect price to restest structure as we can see here on the 4h chart.
I have a pending @
1) 0.75170
2) 0.74724
TP @ 0.77644 (244 pips )
Sl @ 0.74590 ( 58 & 13 pips )
Seems Sellers have to sign the trend first, before buyers kick in. The thing is that we are in buyers trend, but my all time I'm more focus on psychology from both parties. I make my decision for quick and very good profitable trades, but for even more I have to see what's going on with mentality on market, then we can hit even more profit or get in with even more...
Trending down, still waiting for the retest of structure, was rejected once, but price cam back strong,
I have 2 pendings with 2 tp's
Pending sell limit
Entry @145.388
TP 1 @ 141.5
TP 2 @ 139.5
SL @ 146.169
GCAD is channeling bullish, it hits the resistance at 1.73225, which is a quite strong resistance, I expect price to retrace towards 1.70500 area ( half quarter ) before going Long again making a new HH, and breaking resistance and turning it into support.
