Good day traders! Hope you all are enjoying your pleasant weekend! Take some time to clear your mind and come back stronger into the market again! Everything will be alright!
AUDUSD has rejected to move higher on Friday and closed in bearish pinbar candlestick under weekly candlestick. The upcoming week will be a challenging week ahead of AUD as major data and...
STRATEGY: Support/Resistance Trading Strategy
Focus Time Frame: 1H
Long Term Trend Time Frame: 1D/4H
Market Condition: Ranging
Area of Value (AOV): Resistance (Price at Resistance Zone) 1.47387 - 1.46936
1H: Bearish Pin Bar
4H: Bearish Engulfing
Entry Price (EP): 1.46725
Stop Loss (SL): 1.47432
Take Profit (TP): 1.44753 (2.79R)
Entry was at 50% if it comes again you can reenter
this is a swing trade on the daily time frame
3 seperate tps you may secure partials at each level
or 3 separate positions 3 tps
this is a trade idea take at your own risk.
AAPL has gone up a ton in the recent days especially after the news that Buffet has been stocking up his position.
However it seems that now it is a bit overbought and with the bearish pin formation, this could be a good short setup as well
... and here is our bounce on the daily chart.
The dip buyers have arrived and they are buying. I highlighted 5 falling stars on the daily chart at daily cycle tops where we got the next day/days a convincing bounce but on the second or third day the drop always arrived...
Sometimes the drop arrives on the same day, sometimes only the next day.
But it's coming....
Here we have a valid bearish cypher pattern on FX:GBPAUD , that is coming close to its completion point. After adding few Fibonacci extensions and inversions, I was able to obtain 3 Fibonacci confluence zones and all of them are located between our short entry (1st zone from the bottom) and the X point of the cypher pattern. Also note we have a...
After doing top down analysis on FX:EURGBP , I have couple of key ideas that I would like to share with you guys. First of all we can see a clear rising channel (purple in color) formed on the 4 hour chart. Do notice the 2 false breakouts that we got in that channel. I only consider any level being broken only when we get a valid retest after the...
This short trade setup on FX:NZDCAD is simply based on current price action and the key levels that are labelled on the chart above. As we can see that after every consolidation periods (yellow lines) we got breakouts in the form of strong impulse moves (blue arrows). After being in a strong impulse move for the past 4 weeks, the buyers seems to...