This big boys came to play with NFP but was equally sorted out without regret. 4H -Serious Doji - Hanging man as the closing candle * Evening Star 1H * 3 touches on either side of the channel * Bearish channel confirmation * Rection and close under 37500 - 37400 can be the next resting place - 37300 is the next significant level should it fall 15Min - Price in...
Was about to put a buy limit at 183.45 but then I looked left and looked at what happens after price kisses 184.35. 4H - Movement up has a lot of traffic (candlesticks) - HH's & HL's * Evening star giving us that last touch - bounce on 183.5 is crucial point for next move - Close below 183.24, with a followed reject we know we are going down 1H * H&S - break of...
I have no reason to be bias but you can obviously see the appeal. 4H * High (146.00), tested twice *Low (140.200), triple bottom 1H * Trend = Bearish (Zoom Out) * Rejection of 146.00 * 1 more confluence and we place sell stops and market execution 15Min - just wait for market open and candlestick close - this trade is very profitable, inline with our plan -...
Bounced off 16200, which was last a support in DEC 2023 and a resistance (High) in NOV 2023. Therefore level of significance 4H * Bullish engulfing candle of the low - doji followed and a possible hanging man - dive deeper for more info 1H * Bounce 3 times at 16425 : which usually is the beginning of an expected breakout - there's a potential 4th touch - next...
Not the week of being a chancer, and we clearly see that. I think I had stated because of the RR I will not take this trade and I am happy I did not. Was tempted to place an immediate entry after posting this forecast. Good thing we are here to learn and be better every single day.
We were triggered and stopped out. Which is good news because we know exactly what it means for out support, that it is still valid. We should then be looking for buy entries, either from retests or reverse candlesticks.
This did not pan out the way we expected. But because we had sell stops and they weren't triggered we are still okay, now we wait for the move to the next level before we add or minus anything.
ZOOM OUT, GO TO THE BIGGER TIMEFRAMES, THANK ME * LL LH * Pullback wave * trend = bearish
We had the wrong thought and were in the opposite direction which is okay because that trade was not taken. Due to low confluences and a weak RR, so technically we were correct in our analysis but wrong in our forecast.
Waiting still waiting and some more waiting A close below this rectangle will be ground to search for sell entries * Impulsive moves downwards * long bearish candles with minor pullbacks (LH and LL) * 2 evening stars before the fall, current candlestick forming another possible evening star
This is the playing field I am walking into but because the RR is not aligning and I only have 2 confluences I will not be taking this trade but rather enjoy my nosebleeds.
I've been excited about this, when I saw it I wanted to take out my laptop and post immediately🤣🤣🤣 We had impulsive moves down, melting out all the positions and stops that were set. I respect that we met part of our analysis, the other half was wrong. Now we look for buys or support levels and ride this wave. NFP week is also one to be careful of as it is a sh*t show.
A close below the blue rectangle will mean we wait for the retest and continuation. From my eyes: - we tested the level - closed above the support - gapped down, it needs to close - impulsive candles down
This trade has me excited because we followed our rules and it paid of. Yet in my truth of trades, I moved my SL into profit, got stopped out then TP Hit.🤣🤣🤣🤣🤣 So I appreciate that I did not donate to the market but also that the analysis was inline with the market movement.
Here is the short version of the sell bias which will also prove that we are still going down. It is not a trade will be looking for as the RR is not in my favour. None of my triggers have been hit. I will wait and watch, because I have running sells with GJ I don't want to have a bias. I want a clean and clear reason as to why I would take those sells, not just...
142.00 Most important number here. Whatever happens here will determine our next move. This buy possibility is only based on a break up through 142.00 and then reject (Support) on it where we will see it fight and reverse back. - We need a long rejection to confirm - We have what is forming a double bottom (only 1 confluence) - More candlesticks showing slowing...
There isn't much I can say or do. This is a missed trade from my eyes, it followed what my alternate view from US30 showed. It just happened earlier. Right now any trades I can get from here will not be the most optimum RR but will still be worth the risk just probably not scalp traders. It is heading for 16600 * 3 touches up, 3 touches down. In the channel...
Here is an alternative view. If you understand the different phases of market movements. I should not have to explain this. I just have to make you aware that this actually is a possibility and one that has a great RR (about 6). Which follows my trading plan and follows my triggers. * 3 touches at the top of the channel * 3 touches at the bottom of the...