Hello Traders ! Last GBPJPY Trading Idea was not confirmed. Price broke through the Demand Zone and I adapted now the charts. I am looking at the daily level which is very powerful. Also here watch for Price Action confirmation. Let me know your view on GBPJPY and what you think about my Analysis. Please leave a LIKE to support me if you like the Content I...
Hello Traders ! I already posted this setup. I updated the charts with new Zones and Lines. I expect a push to the upside to the Supply Zone. Structure: We can definitely see bearish pressure. It would not surprise me if the Supply Zone will push the price after a bullish move more to the down side. But we will see. Watch Price Action, follow your trading plan...
Hello Traders ! I marked 2 possible scenarios on EURNZD. 1) We could see the price moving to the Resistance Level and from there to see a nice big drop. 2) Instant drop from our Zone marked on the charts Watch Price Action, follow your trading plan and trade carefully friends. Let me know your view on EURNZD and what you think about my Analysis. Please leave...
After a month of sideways action, UTX broke to the upside to resume an uptrend. UTX candlesticks lengthened just prior to the run up.
MCD turned and ran down at a strong previous all time high. The action was on moderate volume. The bottom failed to complete, and a retest of the bottom support levels may develop.
From my last post to now, what did you observe? If we look into the lower timeframes, we notice one thing: - we get scared. - we read headlines. - we cloud our judgment. The most successful and rewarding trades of all are always done on a macro scale. With this simple fact we must learn to be patient and trust in the macro timeframes. IMO , this is a long. A...
Hello Traders ! We got 2 possibilities on EURJPY. We are currently at a nice Demand. From here the price could go to the Supply Zone or even to the second Supply Zone. But we also could see EURJPY going through the Demand Zone. Keep in mind that it is a daily Demand and we will need to see a daily close for the final Confirmation. Of course you can read on h4 or...
ISRG dropped sharply from its recent new all time high. The stock is struggling with heavier large lot rotation action at this level. Volume is too low and Balance of Power shows heavy rotation.
Hello Traders, Here you go for the AUDUSD analyst as price move within the descending channel and currently price was respecting the major support on the trend line. Therefore before we place the trade, please wait for the buyer to come in by the impulsive movement and retest the minor support. Please kindly see the confirmation until the price was confirmed at...
Here I present my indictor for longterm swing trades and/or general market cycle analysis of bitcoin: the top & bottom price action integral bands (short: PAIBs)! Instead of fitting some curve dependent on time (~ f(t)), I integrate over price action with two custom functionals. Then if I expand those functionals by +- 5% I get two bands, in blue the top price...
I'm expecting price to return to the long term descending channel as there is a lot of liquidity there for the taking. I expect this to happen via the channel breaking (wiping out stop losses) then price to continue downward. I have a trade idea already generated before price even reaches that destination, so when it does I am fully prepared for any...
Price at daily important area (54.98). Now in the daily chart price formed a hammer and in the 4H chart there is an engulfing. My first TP is 57.80, final TP could be 60.60. SL 54.40.
We have bullish divergence on the OBV, as well as this you can see from the market structure, price has hit off the golden zone and is now its way to rally and complete an 'M' shape which is a very important pattern when trading Forex. Once price hits the resistance to complete the 'M', only then will it be time to go short on this currency pair.
Hello Traders, Here you go for the GBPNZD analyst as price has been moving within ascending channel. However i may see the price to retest and make the higher low around 96.500 area. If the price has been confirm by respecting the zone then it may the good confluences to decided as valid bullish movement. Mind your core principles of your trading confluences...