The NZDUSD pair has formed a nice, large bearish pin bar. The pin bar has a lot of positives going for it such as a very large upper wick, narrow body, and also the fact that it has closed below the upper trend line of the pennant that is currently forming. The negatives with this setup that I think weakens it a bit is the fact that price is still contained...
Silver has formed a bearish pin bar setup. There is a bit to be desired in this setup, but I think it does set up an opportunity for price to break lower and retest the 14.80 region. In regards to the pin bar, the real body is sitting a little bit high with a little too much bottom wick. I think it weakens the pattern a bit, but it is a fake out none the less...
CONSTRUCTIVE CRITICISM WELCOME. Confluences as annotated. Top Down Analysis Weekly: In up trend ranging between monthly levels 106 and 114 Daily: Uptrend line with three touches
Once again I want to apologise, for the previous post. Honestly it's been a f**ked up week, reason for that a lot of fundamentals news especially from GBP ( Brexit which affected EUR also) EurJpy was for sell, but brexit news sent EUR higher than it should, We had dollar news (very very good) but the market didn't respond, very confusing. My fav quote about...
FX:GBPCAD With the failure of breaking through the previous main resistance zone at the 1.7528 region, we are able to see a bearish indecision candle. Short position is targeted to achieve the first support zone at the 1.7295 region.
Disclaimer: If you are primarily interested in copying other people’s trades then this is not for you. However, if you are willing to put in the work that it takes to learn how to trade for yourself then you have found the right place! Nevertheless please be advised that you can give 10 people a profitable trading strategy and only 1-2 of them will be able to...
This is my weekly view and if this levels are broken.. it will try to retest or bounce back to another higher level. Important things to watch is whether it retest 1315 or it will go further down. Or it will bounce back to 1338 and above. This is the weekly scenario. Will post Daily chart with figures after some movements happens in the market. Weekly figures or...
The 124.750 highlighted region is looking to give way relatively soon. On Friday we saw a breakout of the counter trendline followed by a retest which managed to hold back above, currently the top highlighted region is providing some strong resistance however, once we do see a strong push to the upside the probability of pushing higher into the target region of...
What to say else? Am short on OANDA:EURUSD The price have been ranging since 2018 Q4. We see that it is difficult for bulls to reach, talkless to say break, the 1.1500 level since october 2018. Almost tested twice first on november at lately last week (02 jan 19). I believe shorting now, just after the formation of the marubozu has good chance. Moreover, SL...
Long trade to 1300 level worked and as expected we saw a pull back from 1300 area back to 1284. Price closed weekly below the 61.8% fib level and formed an inverted hammer with a long upper wick, could be a sign of reversal. Price is still above the broken yellow uptrend line. Next uptrend only confirmed by close above the 1300. If you did not short at 1300 area,...
I believe that it is possible to beat the market through a consistent and unemotional approach. This is primarily achieved through preparing instead of reacting. Click here to learn more about how I use the indicators below and Click here to get my complete trading strategy! Please be advised that I swing trade and will often hold onto a position for > 1...
I believe that it is possible to beat the market through a consistent and unemotional approach. This is primarily achieved through preparing instead of reacting. Click here to learn more about how I use the indicators below and Click here to get my complete trading strategy! Please be advised that I swing trade and will often hold onto a position for > 1...
XAUUSD *Anticipating the marked waves. I will be looking for the opportunity to BUY gold once we reach the expected support area*
We can see nice price action playing out at this zone, we have a 3 candle stick rule to the down side, and 2 reverse hammer on a down trend. Mi ratio is 2:3 wich is not bad for this quick intra day trade. I will see how it will play out
I believe that it is possible to beat the market through a consistent and unemotional approach. This is primarily achieved through preparing instead of reacting. Click here to learn more about how I use the indicators below and Click here to get my complete trading strategy! Please be advised that I swing trade and will often hold onto a position for > 1...
I believe that it is possible to beat the market through a consistent and unemotional approach. This is primarily achieved through preparing instead of reacting. Click here to learn more about how I use the indicators below and Click here to get my complete trading strategy! Please be advised that I swing trade and will often hold onto a position for > 1...