Here we have EUR/GBP on the 4Hr Chart in a beautiful textbook example of a Consolidation Rectangle Pattern! Clearly respecting a Resistance @ .87403 and Support @ .86829! Accompanying price on my chart is the 200 EMA with price ABOVE it showing it has been BULLISH with the dirty test prior to the pattern. Along with the Bollinger Bands showing CLEAR signs of...
chart has dynamic support and resistance levels, rsi, bollinger bands, signals and a stoploss !
Price rejected at the key level and printed the IB signal by indicating the trend continuation. Expecting to reach 0.67
CHF JPY market experiencing strong weekly uptrends. Looking for price to hit the liquidity zone with a test entry in case price doesn't go back to the liquidity zone
Looking for GJ to drop around this area... Like always looking for a at least 1:3 Risk Reward. If you have any questions about this trade setup you can contact me. journaling/learning purposes.
I love GJ! I've been riding GJ for a while and super proud of my clean charts. LFG Journaling/learning purposes
If it breaks above once again it will most likely will go up because it will increase the chances of a real breakout. The trendline is also showing us the market is in a uptrend.
We se a break out of the previously held structure, followed with a retest and double bottom rejection.
Nice break of structure, we then see a retest and a rejection of the key level with a 1H double top. Entry below the engulfing candle for momentum to continue and SL safely above structure.
Price has created a double top and failed to make new highs, new trend has formed with LL created and now LH with engulfing candle, providing evidence for rejections.
Potential sell trade here on GbpUsd. Best scenario here would be to wait for a breakout of this triangle pattern. I'm personally looking for shorts. Keeping it clean and simple. Journaling/learning purposes.
List of confluences: 1:Stop loss hunt at previous low on weekly chart 2: Double Bottom formation on daily chart around previous low on weekly chart 3: Daily chart and H4 trendline breakout Summary: Price is currently over extended and has been moving in a down trend for 3 weeks straight. We are looking for a potential pullback to just above the 50% ...
Update on yesterdays idea. I got beautiful 50pips running. I got my entry on a 15min evening star at the NY session open. TP1 incoming. Let's see if it can drop back to the 1.3600s zone. journaling/learning purposes.
Pull Back Possible Before Long, While DXY Pulls Back (Temp/Short Term Play) - I Feel If DXY Keeps Producing Bullish Market Structure / Higher Highs - Higher Lows - Gold Will Be Bearish Longer Term. However If DXY Breaks Bullish Higher TF Structure Gold Can Continue Bullish. See DXY Analysis For My Directional Bias Thoughts. As Always Structure Is King &...
DXY Can See A Pull Back At This Level. However As Long As DXY Close Above The Trend Line We Can Continue Bullish. However If We Close Below We Will Have To See How Price Reacts To Recent Structure Points (RSP) To Able To Maintain A Bias - Long or Short. This Can Help The Fait Of Gold. Though I Am Favouring Bullish Dollar.
BTCUSDT / BTC USDT Bitcoin US tether. #BITCOIN #USDT #BITBAY HOW I WILL FARM THIS MARKET GAINIING TOTAL OF 500% from alts / bitcoin / alts to Fiat USDT. (strong week for alts - but bearish for long term(monthly)) Pink rectangle should be the Sell area, Green rectangle should be my buy area. *Tips to myself is I will never fomo in to an alt that has huge gain...
1: Head and shoulders Pattern clearly visible on the Daily Chart. Price also created a New Low by breaking the lower high around the area of 108.330 2: Price would need to break the key level of 107.460 - 107.450 area as confirmation. 3: The target will be based on how deep the breakout is. 4: Will take up to two weeks for the pattern to complete before...