Today, we have ECB Interest Rate decision. We should see a higher interest rate. However, this won't reverse the trend and our main idea is to look for short positions! Best case scenario would be if price moves up to 1,0360 and it then leaves a rejection wick. This will be our entry signal and we will then expect a lower low! We're not looking for long...
A Bullish Bat setup is here for sideway, counter-trend, and harmonic pattern traders. Two things to note, the market has not retraced to 1.7366 to validate the setup and Point C touches Point A candle body, which always bothers me. Despite of that, what I like about this setup is its profit factor and the RSI Divergence.
AUD/NZD Fundamental, Technical, and Signal ( NZD fundamentals and events, click link ) *AUD events will be the drivers during trade. AUD Previous Important Economic Events: - Consumer Confidence and Confidence Change ( Both actuals below forecast and previous supporting consumers low enthusiasm to spend in the future. ) - Business Confidence ( Below...
Yesterday, we saw reaction at 1,0200 followed by rejection. It looks like this pullback will have enough strength to continue around 1,0360 which is the 61,8 Fibonacci level on the last move. Once we see the market trading around those levels, we will look for further sell positions. Don't forget about the ECB interest rate decision that comes out on Thursday....
We're going to see interest rates by the ECB this week. This may lead to more volatility in EURUSD and a deeper correction. We're expecting to reach 38,2 of the last decline which is at 1.0204 level. Once the market reaches these levels we're be looking for reversal signals and new sell opportunities.
A Bearish Butterfly rested in the key resistance zone is usually a perfect setup for me, however, there are some imperfection on this setup. A break and close above the previous Bearish Trendline. This is true, but at least it didn't break and close above previous structure, fingercross. The next thing I'm not comfortable is that the 4-hourly chart has an...
Long Call! BINANCE:ETHUSDT Consolidation Broke! Trend Line Broke! Made Big Bullish Candle! Application of Ffibonacci retracement for corrections
CADJPY has a potential Bearish Bat Pattern that completes at 106.77. A candlestick pattern confirmation is important, and that's because there's a Potential Bearish Butterfly Pattern on the Daily Chart. There's no need to be over concern about that; as long as you are following the trading rules, it will be fine.
The Bearish Deep Crab Pattern completes at 86.05 which is within the structure retest on the daily chart, a perfect setup for counter-trend traders to head in for a shorting opportunity.
GBPUSD is on a very bearish trend. Trend traders who are looking to ride on the wave can wait for a candlestick pattern confirmation at 1.1943 to head in with the Bearish Bat Pattern setup.
The Bullish Deep Crab Pattern on the Daily Chart might not form up, and even if it did, it might not be ideal. However, if you have long based on the counter-trend trade on the Bearish Parallel Channel, congratulation is in place.(check out last week's chart at the bottom of the tradingview link). Alternatively, you can wait for the Bearish Shark Pattern on the...
Yesterday, EURUSD created a new low and it reached 0,9950. Today, we can actually expect a test of that low and eventually a breakout. We will be looking for a possible move up to around 1,0120
The main questions that we get right now are if that's the bottom and are we going to see a reversal. The downtrend is really strong and we're expecting to see a breakout of the 1,0000 level. Right now, we're in a pullback and we would expect to have more selling opportunities once it ends. Such opportunities would be if price manages to push higher to around...
Hey everyone, today we have a nice bullish setup on gold based on a bullish Crab (harmonic pattern) which is a pattern with a very high winning rate of 90%, so this trade should go well. Also there is the bullish engulfing which is a trend reversal candlestick where the buyers engulfed the whole bearish candle, meaning that bulls took all the strenght from the...
Short Call! FX:USDCHF It seems like USD/CHF initiates a downtrend on an hourly timeframe. Application of Dow Theory Candle Stick Patterns
key levels are some strong they can send the price up or down To create a leve first 1 Go to daily time frame and find 3 candles that touch exactly with red Horizontal line when you finish drawing all lines in daily time frame go to 4H time frame and do exact the same thing that you did in daily time frame if you found 2 key levels are to much near you can...
Like we said yesterday, the strong psychological number of 1,000 is suitable for a possible pullback. As of right now, it hasn't gained momentum yet and it's still possible to see a further push down and price trying to break below the parity level. In case of price bouncing back up, we could wait for 1,0150 and then look to enter short again!
Long Call! FX:USDCHF Take long with RR=1:1! Application of Dow Theory Candle Stick Patterns Supports and Resistances