In this chart I've circle a candle pattern some know as the Judas Swing. I call it the Money Swing because when you see it form profits usually follow. When price makes this move it will drop or long according to the bias of that day. This formation goes both ways. When you study past price action you will notice the effect that happens after this move. There...
Copper / HG Futures market may be setting up for a move back to the upside. After a huge expanding bullish candle in the beginning of June that saw price blast through the volume Point of Control (POC) which goes back to October last year the price then immediately reversed and we have seen a sell off for the majority of this month. However yesterday we saw a...
After some consolidation, EURUSD bounced from the support last week and hit the first target from my previous analysis. Price is attempting to break the first target and rise towards target 2. A close above 1.05 today will reinforce the bullish bias.
Unlikely we will have any trading opportunity when market open on Monday, at least not with my tested trading opportunity. If you are patient, there is a Bearish Bat Pattern setup on the Daily Chart that is going to complete at 1.1090.
A Bullish 5-0 Pattern complete on the Weekly Chart. If you had engaged the Bearish Shark Pattern I've shared last year, you would have gained a total of 848pips by just waiting for it to hit the profit level. Trading the Shark Pattern isn't an easy task as it can have up to 3 different entry zone, which means when you get stopped out the 1st time, you should...
GBPAUD has a Bullish Flag Pattern on the Daily Chart, if you have missed the entry, there is a second chance entry for you. A Bullish Butterfly Pattern completes at 1.8813 for your buying opportunity.
A Bullish Gartley Pattern that I'm personally waiting for a retest at 1.8845 for a buying opportunity. Well, I could say a placing of Buy Limit Level is possible as the market has already confirmed this Gartley Pattern.
$US30 is approaching a major hurdle with Double Top formation in place. If this hurdle is crossed and if $US30 manages to close above 35650 levels for consecutive 2 Days, then Sky would be the limit for $DowJones and $US30. Then DowJones would enter into a new orbit and will form its own new support and resistance levels above the current levels. Untill it closes...
A Bearish Deep Gartley forms within the consolidation just before the bullish bat. However, there is a bullish bat pattern has completed on the 1-hourly chart that allows me to apply my stretch trading management. Let's see how this trade rolls out.
I have new position that I just open in ES. One of my most favorite set ups is this. And for me potential for good profit is in this set up. 1. You see a possible reversal candle at the orange left pointing arrow. 2. next candle should be closed up above the open of candle that happened right before potential reversal candle. it did go above this candle if the...
Hey Traders so I was noticing on the charts that the Euro has been in a strong uptrend. Just saw a nice pullback buy signal on the daily chart and went long. These pinbars or hammers are great signals and when you see them in the current trend it is normally a great opportunity. The way you trade it is buy on the open of the next day candle so I went long around...
While doing my daily search for possible trade options i found that among my many short alerts had a common trait. 5/8 Short alerts were all REITs. Now I'm not saying real estate is gonna crash or to prepare for another 2008 crisis however it appears that most ASX REITs are overvalued from a technical standpoint which opens the idea for a potential short. These...
I made a chart yesterday to predict the price of LINK. As what I thought, the price remains bearish. Candlesticks pattern was bearish with 2 bearish engulfing candles right after each other. My tip is: Never buy in because you think it's very low right now. There will be 100's of opportunities for you to trade in. Just wait and keep a close watch on the coins you...
EURGBP has found substantial support just above the 0.91000 even-handle number. Price is ranging above the level and then Daily structure shows that the Bullish outlook on the pair is probable as the structure remains Bullish. We can expect EURGBP to find enough liquidity to retest June's High this year at around 0.91754. We can look to go Long if the 4H breaks...
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Key levels Identified - Black line : Monthly Resistance - Maroon line : Monthly Open Weekly Timeframe - Third retest of Monthly Resistance level - Last week candle close as an inside bar suggests consolidation, Expansion might be coming soon Daily Timeframe - Confirmed Bearish Pinbar with a close below its low - Local 0.618 Fibonacci Retracement level Idea:...
From the the daily Chart, the RSI is still bullish. It is trading above the 40 level and repeatedly exceeding 70. The start of this retracement move was signified by the rejection pin bar last week. There is a nice RSI trend line forming. I will wait and watch price hopefully retrace to the 61,8 region. There is pre-existing structure (recent and further...
1. If good and healthy bearish candle break the momentum bar, i expect move down. 2. If green momentum bar will be broken down with long tail, i expect move up. But the main question is did i mark the right momentum candle?