Based on many divergences + confluencing with a Daily Base Institutional Pattern. WyckOff also discovered in the change of trend, also looking at price action.
I personally think that price will retrace back to the 1.10 Support zone as its exhaustion phase before pushing up to the 1.115 Area (1st potential Take profit). Highest Take profit target being 1.15 after another retest to relevant support zone (Swing Trade) A reason for this is because on the daily chart we can see a wick rejection towards the 1.115 Resistance...
Hello, good day traders this is price analysis for The GER30
Price for EURCHF has been trading in a range for some time. Now, price is at resistance and a high volatility two bar resistance has formed. This is very significant. I think it will push price downwards to the next support. Whatever happens after that support is left to the market. I expect few pips from this short trade. Somewhat like 50 pips.
This is a eurusd short opportunity for the coming week of trading. I see exhaustion of the bullish trend at the resistance and this is followed by a three bar reversal with momentum and volatility. That means price will most probably reverse. But since the pair is trading in a range, the fall in price would be like 100 pips or less.
You can see the good supports level and resistance levels in this picture. Right now gold bounce from this levels My target is 1800 level.
FX:EURUSD Price got to a major Resistance area @ 1.09885 and reversed back down breaking a supporting trendline @ 1.09316 making that a new resistance trendline. after the retest of the new resistance trendline above, the expectation is that price would return to the major support area around 1.07800
As always, idk what I'm doing. Just want to save this idea for the future. Let's see how it plays out. Let me know if you think I am way off base, or don't know anything. RSI headed south while price still moving up slowly. Will the MMs fill that gap next week only to push it up again? Looks like MMs averaged down in price earlier this week. May happen again...
possible bull rally, entry based on reversal candle set SL/CL 30 -40 pips from entry price depend on your risk tolerant set BE when price move over 30 pips from entry cut losses run winners RM,MM is a must good luck and happy trading. TQ
A bearish engulfing bar has formed at the resistance of the AUDJPY on 4Hr. The bearish engulfing pattern has momentum behind it as it is reversing a sharp uptrend that shows signs of exhaustion. Good trade. Have to watch it though because there might be some traffic along the way down. Place pending order according to entry strategy. Use due risk and money management.
Our price action indicator signals us a long entry on XAUUSD. According to our analysis, the price could break the small support created and continue rising, also considering the American situation.
really appreciate a like or a comment if you agree
A pin bar has appeared that is confluent with resistance and a downward trendline on the GBPUSD 4Hr time frame. It is large and gives good signal. I believe that there is high probability that price will go south. So, this gives an opportunity to go short. Set pending order at the break of the low of the pin bar and stop loss just some pips above the high of...
Our price action indicator shows us a bearish entry on US30. Set a sell limit to the indicated level.
Our price action indicator signal us a long entry un UKOIL.