Every day we're looking for a possible short trades on EURUSD. The move that happened yesterday totally confirms the downside move. We are yet to see another drop and a new low. A suitable entry or if you're looking to add to your existing position, then it's probably best to wait for a pullback to 1,0500 and then look for rejection. The idea is to see a...
Looking for a good buying level with minimum SL! Application of Dow Theory & Candle Stick Patterns.
We wanted to see price reaching our zone on EURUSD but it looks like right now there's not enough buying pressure. This is the reason why we don't take trades towards the zone and against the trend but just wait for the right moment instead. It looks like this moment is now. Not the way we wanted it, but we trade what we see and we're now looking to sell from...
I am new to this, but I really enjoy it and would love any feedback. This is not financial advice. This analysis is based on the Elliott Wave Theory. I think you will see one more major move up before watching it fall to the ground like a dead cat. This is based on the 5-3 theory and considering that this is a psychological play more than a fundamental play it...
Looking for a good entry point i.e. next HL. Application of Dow Theory & Candle Stick Patterns
New HL with buying candle! FX:EURUSD 1:1 Profit & Loss Application of Dow Theory & Candle Stick Patterns
Yesterday, we talked about price reaching our sell zone This is still the main scenario and we're expecting the right entry moment. It could take more time but we would rather wait. Also, we're not looking to trade the potential upside move towards our sell zone.
Counter-trend Traders, take note, there's a Bearish Bat setup complete at 135.70 and could possibly provide a shorting opportunity at that level. You would still need to wait for the entry signal before engaging the trade.
ETH forms a cup and handle pattern. now it is on resistance in 1 hour timeframe. i think it goes up
EURUSD is trading between the levels of 1,05-1,06 during the whole week. Right now, we don't really have any good trend trading opportunities. We're still looking for selling opportunities as our main idea. We are only selling if price breaks below the previous lows or if it pushes above 1.06 and then we see a reversal. We are not looking to enter any...
If you are looking for a shorting opportunity in USDJPY, you may be in luck. You can wait for the market to head into the consolidation zone to short which could be as early as the red dotted line. I would wait for a candlestick confirmation before engaging the trade.
A potential Bullish Butterfly Pattern might just catch the falling knife. I'll be waiting for the candlestick touch the furthest line of the rectangle at Point D and show me a confirmation sign to engage the trade. Retest on Point D will not be the requirement for this trade.
We're still looking for selling opportunities on EURUSD That move up from yesterday brings us back to our previous idea where we looked at price possibly reaching the zone around 1,0700 to give us an entry. That will allow us to have confirmed entries with a better risk to reward ratio. We won't be looking to participate in that move up but instead, wait for...
SL was hit at 37 Trade closed in profit LH and LL formation completed Wait and watch for another LH
Yesterday we looked at the selling opportunity on EURUSD Right now, it's still valid and we could expect a further confirmation once price closes below 1,0496. Short positions with stops above yesterday's high are still on the radar. We should see a retest and then a breakout of the low - 1,0348.
On 21 June 2022, Tuesday The NIFTY METAL Index is making a bullish hammer on the charts Suggesting a strong Reversal of 33% from where it is standing right now, If at the weekly closing the hammer sustains. Keep an eye on the hammer, as this can provide a buying opportunity in a strong sell-on-rise market.
Yesterday, we looked at both entry options on EURUSD Right now, it's more likely that we will see the one with the aggressive stop loss above 1,0610. To make an entry, it's best to wait for a candlestick with a long wick to the upside and also a close below 1,0496. Once the downside move begins, we expect to see price down at 1,0348 and eventually a breakout...
A Bullish Butterfly setup on the intra day timeframe which is great for intra day trader and CounterTrend trader to consider to engage on this Butterfly Pattern.