I've done an Aggressive Sell as the market hit the previous support that happens to be an important turning point. I'm seeing that the market will have a last retest on the Key Support Level before any true bullish movement.
Rooting for a trend reversal trade, the head and shoulders do give a potential push to the upside. When the market opens on Monday, a break and close above the red box(sell zone) indicates a strong signal on a bull run on the technical side.
Traders have to watch closely the development of the US election as any other dramatic move can affect and influence the...
A bat pattern was formed, the B point of my LIVE chart is much lower hence triggered the bat pattern. What's nice about this setup is that on the completion there is an RSI Divergence. Take note on the Target1 as it's an important level for you to place your stops to entry.
Weekly analysis for ZSX2020
Week 39: 21 September to 25 September 2020
Currently the price is roaming in an unchartered territory, we have no reference on how far the price will go higher.
Instead of speculating on how high it will go, as a trader, we take decision on a signal that has a higher degree of certainty.
Therefore, we are setting a Sell Stop rather...
On a mid to long term I'm looking for a buying opportunity on GBPJPY, I'm looking to long once the candle touches the trendline but not able to break and close below the trendline. On the other approach, I am waiting for a double top to form at 137.73 level for a shorting opportunity.
In the coming week, there will be Brexit talk, the outcome of it doesn't seem to favour Euro, in addition, JPY has been the currency for traders to head in to long as a safe haven currency, by having this combination I'm looking for short EURJPY once the market break and close below the trendline.
this is trade 194 frm haidojo trading...
discover a new trade, possible bearish bat pattern...as consolidation breeds advanced patterns...
entry at short 1531, SL 1545, 1st tp 1515, 2nd tp 1492...
the rest remains the same as trade 193)...
higher-resistance : 1557-1570 ( bearish bat and gartley patterns)
resistance : 1531-1540 (bearish bat pattern)
A counter-trend trade setup at a sell zone where RSI is oversold. This is considered as an aggressive trade, but aggressive trade if done right, gave the best Reward is to Risk Ratio. Trade has engaged, let's see how this trade goes.
What I love about this trade setup it's the indecision candle in the sell zone or better known as supply zone.
Well, you can wait for a check-back on this bullish bat pattern at 123.20 to long but that's not what I'm looking for, in fact, I'm looking for a shorting opportunity at its target2 area at 123.80 on a Mid to Long term trading opportunity.
Short term trade idea:
Pattern wise within Nasdaq - Double bottom, measuring it comes to 38.2 Retracement of Fibs which is matches nicely key retracement area.
Above 11270 Area bullish with the resistance areas of: 11480 - 11560 - Target area for double bottom = 11815 - 12000 area.
Below 11085 Area Bears could come in control with key support areas of: 10930...
AUDCAD just had a trendline break and it's rested above the 2 Moving averages, as a structure-based trader, it is a good trading setup to consider to a buying opportunity. The recent bearish candle acts as a pullback for both conservative traders or traders that had missed the buying opportunity.
FX:NZDCHF One that has been on my radar for a while now, I will be waiting for a break of this counter trend-line before jumping in.
I think this could be a really nice swing, so one I will stay patient on!
9/26 XAU BROKE THE TRIANGLE TO THE DOWNSIDE AND CURRENTLY IS IN
THE BUY ZONE THERE WAS A RARE TWEEZER BOTTOM MADE ON FRIDAY
WHICH MEANS WE SHOULD SEE THE MARKET START TO PUSH BULLISH. WITH
THE USDX BEING OB WE SHOULD SEE PAIRS CORRELATED WITH THE JPY,
EUR, AUD & NZD SHOW SIGNS OF RETRACEMENT BEFORE STARTING TO
PUSH AGAIN BEARISH. IF THIS HAPPENS THE PAIR WILL...