Just updating from earlier. Still a jumbled mess of lines and Fibs, but enough to get a good entry. (for me. This is not advising anyone on financial decisions.)
GBP/JPY is in a distinct 4hour sell bias. GJ was currently consolidating and creating the final exhaustion from the earlier push down. Possible selling opportunity, watch out for extra SL hunt place SL above previous wicks. Multiple confluences for sell including trendline touch, supply & demand zone, 50% retracement fib, sell bias market structure creating the HL...
4Hr Time Frame: Notice how price is ranging in between our support and resistance zones. Price is now back at 1730.000, a previously respected zone. Notice how price reacted in the past. If price maintains below this sell zone, then we can look to do the same thing again. Reading structure, price is creating multiple Ms or double top formations. 1Hr Time Frame:...
Daily Time Frame: Price is approaching areas of resistance at 69.000 key psychological. By reading price action we can see that price had a strong reaction when it tested this resistance area in the past. Notice the strong bearish engulfing and wick rejections (pointing to the upside). If sellers are still at this zone, then we can anticipate them protecting this...
After concluding USDCAD to be at a Monthly supply zone , Daily supply zone and a Weekly resistance line,I was able to plot out a 4H confluence zone from which the drop seems to be starting.I further confirmed with a 4H divergence,hence my conviction it's a short.
Good morning! Closed out a small short on ETH @ about $177 early this morning for a healthy profit. It's been fun dabbling in day trading again. Coming into today, my focus is back on BTC. It fell out of a small descending triangle, but price popped back up above the dark red support/resistance line. I imagine price will linger in this area for a bit until we...
Euro recently tested and retested an order block near the 1.0800 level. Upon this rest it has began the formation of a larger bearish gartley pattern on the 4 hour chart with a potential reversal zone between 1.1250 and 1.1300 (the 1.27 retracement of the BC and .786 retracement of the XA legs respectively. Entries for a buy would take place 1.09, with target 1 at...
NZDCHF Potential Bullish Movement we are waiting for a momentum candle close above 0.5820 to buy this one Reason: 1- Objective Trendline (in orange) 2- Objective Ascending Triangle (in blue) 3- Support Round Number from Daily (in purple) Three confluences are enough to consider Buying NZDCHF, after a break below 0.5820 (in gray) ** unless price breaks below...
Lots of confluence pointing towards shorts on this pair looking at the H1 TF. Technicals: - Rejection of s/r zone in line with rejection of 200 EMA - Price action - hanging man/shooting star followed by strong bearish engulfing - Potential rejection of 118 psychological level Fundamentally I'm assuming we will continue to see a pressured Euro considering the...
stochastic indicator Hi pros! confluence is a method used for having an edge on the market (advantage over others traders) based on high probability winning rate in this case we used 2 types of resistance: -multiple trendline -structure resistance that provide us the best point entry possible for a trend continuation setup short from here enjoying the...
Shouldnt be trading on friday. But...... Idk... At 25 pips bring SL to break even,,, fuck it.. Lets take the risk and see what life has in store for us. Cant be afraid of the unknown, but we can be caution because of the proven... Dont be afriad, accept it and learn how to deal with it in the best way possible. Thats how you make things easier for the mind.. When...
price has retraced to a key region with supporting confluence from trendline and fib regions if price can respect this area with candlestick behaviour displaying slowed momentum, buying opportunities could be more predominant to a shift into new highs like 110.00 which correlates to -27% fib level.
Gold long trade confluences: Trendline, fibonacci golden pocket rejection, rejection of sig level at 1500.
Hey tradomaniacs, welcome to another free signal! Important: Wait for the breakout of the current trendchannel and sell the retest after rejection. ----------------------------- Type: Daytrade Market Sell: 127,980 Stop-Loss: 129,410 Target 1: 126,810 Target 2: 125,530 Target 3: 124,740 Stop-Loss: 140 pips Risk: 1-2% Risk-Reward: 2,3 ...
We are finally presented with more accurate technical analysis details on which we can more or less rely on here...As you can see, we managed to break out of the descending trendline from my previous posts coming up the our first crucial zone of confluence on the lower time frames. 5900-6000 is currently our holding resistance level and we will be looking to take...
Crazy times all, but from a technical analysis stand point, BABA looks like its in another good buy-in zone for those looking to get on the wagon. I adjusted the channel a bit. We are at the bottom of it, including more confluence of support (blue line, golden pocket of the FIB retracement, etc. We're having a black swan event. Look at the overall trend of the...
Speculative long at 9.05$ $MAT on long horizontal + diagonal support confluence & bottom of the local trading range. Would at to position if 2W candle closes above 10$.