@KioseffTrading RSI Optimizer being used & is showing a long entry signal at best performing RSI Crossover.
Nice monthly close there on the SP500, after touching the 38.2% fib. #Drop is in three-wave (smaller time frame) which can be a corrective pause within an uptrend. I will always try to label the move from the low in downtrend, or from the high in an uptrend, as a corrective pattern if possible, since I know that statistically, odds are then in my favor....
Yesterday was bearish we had a slight retracement into today so i expect us sweeping yesterday low with momentum to conclude a continuous bearish move. SL= -18pips Tp1= +32pips Tp2= +50pips
We can see that the upside move is slowing down and it's time for a short-term move in the opposite direction to around 1,0650. As we said yesterday, EURUSD is one of the pairs that we are currently not trading. This drop could continue to around 1,0600 but we're still expecting higher values then.
We were expecting a reaction of the sell area but right now, it looks like this move doesn't have enough strength. That's why it's probably best to stay away from trading the EURUSD. It's more likely that we will see a drop to around 1,0540 followed by another move up later before the actual trend reversal on H1. As of right now, it's best to wait for a better...
As soon as the market opens, harmonic patterns traders might head on to this Bullish Shark Pattern, but what's important is to wait for the PRZ to be completed, a touch of 1.2734 is required to validate the setup and it is to the Shark Pattern discretion if he or she will want to wait for the check back 1.2716 before getting involved with the trade.
The Bearish Shark Pattern could be a better setup for the shorting opportunity that the Bearish Bat Pattern which feels like an endless consolidation on the 4-hourly chart. The Shark Pattern completes at 0.9143, a candlestick pattern confirmation is still required before taking the trade.
USDJPY, a sideway consolidation best present itself as a trading opportunity, in order for the break to happen on the upside, the candlestick has to break and close above 127.25. Towards the downside is much easier, provided there isn't any candlestick wick danging like what we saw on the current chart. Sideway consolidation is my favourite breakout setup.
If you have been following my analysis, you would have known that it is unusual for me to share a Weekly Market Analysis on a 15minutes chart. A Bearish Butterfly Pattern complete at 1.0788 for a shorting opportunity. If this became a valid setup, I could upsize my trading profit to the 4-hourly chart level. Link at the bottom. That's how Winner trade ;P
Yesterday we expected to see a beginning of a downside move on EURUSD. However, it looks like we're probably going to see higher values before that due to lack of strength, All short positions should be closed. We will be looking for short term buys around the levels of 1,0543. There will be new selling opportunities at a higher price levels!
This Bearish Bat setup is great for counter-trend traders. Watch closely, the Bat Pattern completed at Point D and retest. Point X is at structure consolidation which is great as it acts as a resistance.
Yesterday we looked at the sell zone on EURUSD Price has now reached it and it's time to look for a possible reversal and entries to the downside. We're still expecting another push above 1,0700 and our best entry moment. Stops will be above the sell area and the reversal!
I'm waiting for a retest at 0.9088 for a checkback on the Bearish Bat setup on AUDCAD.
Hello traders and investors! Let’s see how the index is doing today! First, it is back to our “neutral zone”, but the reaction since the last bottom was quite strong, and we broke the 21 ema as well. Now, it seems it has only to break the resistance at the 3,979 area in order to fully reverse and enter bull territory. If it drops again, that’s expected, but if...
Last week we talked about a move up to 1,0660 We expect to see a continuation of this move. However, it's important to make sure that we know what's going on on the higher timeframes as well. We already have a sell zone on H4. That means, once we see price entering the zone we will be looking for a possible reversal and entries to the downside. All buys...
Solana also known as Sol is in a Bear Market. I know that most of you aren't very happy about it, but it is time for us to think if the cryptocurrency market is really a De-Fi. I'm not doubting the mechanism, but the design or the marketing of it is flawed. If you have not noticed, whenever the USD appreciates, the crypto market will have a nosedive. When the...