Price action analysis identified US2000 downtrend continuation and short opportunity. Reversal pin bar trigger, confluence with; weekly downtrend, rejection of falling channel resistance, rejection of 50 WMA, rejection of previous horizontal support/resistance and rejection of 38% fib. Trade subject to price rising into sell limit pending order.
Price action analysis identified LSE:ASC (ASOS) downtrend continuation and short opportunity. Reversal pin bar candle trigger, confluence with; rejection of falling trend line, rejection of 50% fib retracement, rejection of 50 WMA and rejection of previous support becomes resistance.
Price action analysis identified GBPUSD downtrend continuation and short opportunity. Bearish engulfing candle trigger, confluence with falling trend line and 50% fib retracement. 2.4 RRR
Dear Traders all around the world! If you like my work feel free to leave a like and follow not to miss any of my trades! GBP/AUD is currently approaching EQ and has formed a bullish 12H OB on it's way up. Therefore I'm anticipating a Long position at a bullish OB + 200-MA retest while aiming for our bearish OB.
GO TO MOON :) - BREAK BEARISH TL -ENGULFING CANDLE D1 -BULLISH STRUCTURE
In addition to our previous ETH/USD analysis that we just published this chart focuses on the daily. Don‘t forget to leave a like and follow as it keeps me going:) Forming a clear high with higher-lows is usually a strong buy signal especially if the asset is consolidating between the 200-MA and 200-EMA. Managed to hold POC with three daily candles so a breakout...
Cleaned it up a little, new 4h OB was perfectly hit with last 4h high, well see how it reactes next time and decide then.
I am looking to go long on GBPUSD for 170 pips. The previous week closed as a bullish hammer rejecting off my weekly resistance showing a probable reversal. On daily price is as plenty bullish momentum as it approaches a resistance and descending trendline. Before entry I will be waiting for price to breakthrough and retest this zone. On 4H I can see price has...
Entry : Bottom of the trendline TP : Top of the channel, could potentially hold and see if it breaks,in which case take your profits on a 1D wick backwards/a clear sign of reversal (RSI,BB, previous resistances) SL : 0.20%
Entry : Top of the trendline SL : 0.20% TP : Bottom of the trend/channel Could potentially try not leaving any pips on the table and see if the previous low breaks, incase that happens, let the trade ride until a wick or a clear reversal on 1D shows up.
Entry : Top of the trendline SL : 0.25 - 0.40%, preferably above the previous high TP1 : For people that are looking to lock in profits, locking them in at a 1:2 Risk Reward ratio (0.80%) is great if you're not keen on waiting + dont want to risk get stopped out at break even. TP2 : Bottom of the downtrend channel which is atleast 2%, dependant on how long it...