I'm looking for a counter trend trade on this.
PIVX broke and hold above the 0.0005 level.
There are many times that push the price back down and leaved wicks and showed the strength of Seller but the Buyer keep pushing higher high and lower low (Also means Buyer's strength).
Hey guys,
i've been looking at this pair from last week and this could be the right moment to enter the market, according to my trading strategy. We're testing a very strong resistance and we've seen price slowing down approaching that level. And now you can see a triple top that's forming on the 4hr chart. I'm entering now with stops and targets as shown. Be...
Hey guys,
i've been looking at this pair from last week and this could be the right moment to enter the market, according to my trading strategy. We're testing a very strong resistance and we've seen price slowing down approaching that level. And now you can see a triple top that's forming on the 4hr chart. I'm entering now with stops and targets as shown. Be...
Candle Pattern: Evening Star / Engulfing
Trend: up
Trend Entry: Against
TP/SL Ratio Target: 1 to 1
Target TP PIPs: 1
SL PIPS: 10
Fib Entry: 76.4%
Fib TP: 61.8%
Stochastic: overbought
Inside EMA/SMA zone: no
BB: top band
Notes:
evening star / bearish engulfing after several dojis and engulfings prior.
Lets see if this one can give at least 10 pips
EURCHF overall direction is SHORT, however for the short period of time around 2-3 days it would bounce as they break the H4 & D1 Downtrend. Thus, the price will retrace to the 1.6200 level. In accordance to fundamental analysis, EUR and CHF stays neutral as it does not have any bullish or bearish indication, however technically it would have a momentary rebound.
Hi guys,
i've been looking at this pair for the whole week, and now i think i've found a nice trading opportunity for a counter trend trade. As you can see price has created a double bottom with RSI divergence in a zone that was already on my radar for being a daily structure area. RSI is in a divergence also in the higher timeframes and that's confirming my...
Hi guys,
i've been looking at this pair for the whole week, and now i think i've found a nice trading opportunity for a counter trend trade. As you can see price has created a double bottom with RSI divergence in a zone that was already on my radar for being a daily structure area. RSI is in a divergence also in the higher timeframes and that's confirming my...
The Yen has been a pair that I've had on my radar from the start of the year and honestly speaking, well it just hasn't done too much. That is until now. Recently the Yen has hit 5 month highs against the Dollar, and essentially what that means is that it's retested the previous structure lows that were set back in early September. This level offers a few...
1. Support @ ~0.66
2. Resistance @ 0.96
3. 8-day EMA (Dynamic support/resistance). The resistance has held since Jan 9.
4a. Bullish pin bar formed at key support level. Price retraced 50% of pin bar, which is not unusual.
4b. Potential reasons not to take this as a buy signal:
-Counter trend
-Pin bar spans both support and resistance
-Subsequent failed test of...
We got a break of the counter trend line plus the price was stop at the region of 1.23650 3 time...
My SL is 1.23387
Tp 1 : 1.25873
Tp 2 : 1.26621
pshhh : guys EURUSD and GBPUSD are highly correlated... go check the GBPUSD pair ;)
Looking for a possible strong reaction for the AUDUSD at the 0.8100 resistance level, to retest 0.80.
This is with the view that the recent AUD upward move has been driven by US Dollar weakness, rather than AUD strength (quite likely unsustainable).
the trend is obviously up but some healthy correction should happen before the the continuation. Today COT report will trow some light into the short term perspective.
With all of the US Dollar weakness in the markets, we are seeing a ton of massive moves across all of the USD pairs. And here on USDJPY we have a massive Bat pattern that is currently setting up.
Now the really nice thing about this setup is the R/R and the fact that it completes at a major structure level. This pattern will complete at 108.177 and minimum stops...
Has recently broke the major structure level @ .8 then it quickly rejected that price like it has previously in the market. After the rejection it came back up to test that same structure. Short will be held back into structure. S/L placed above CTL
