Pattern: Rectangle on 1D. Signal: Bearish after the price hit the inner Resistance (1.60617). Target: 1.57500 (just above the Support Zone).
I recommend open buy after a pullback to a key level 1.3121 - Price in Uptrend - After a pullback, we can minimize risks Goals: 1.3197 and 1.3270
almost completed bearish bat pattern. Entry - 1.3325 T1 - 1.315 T2 - 1.305 Stop - 1.345
As traders we always must be prepared to go long or short. We can not be biased to one side. I have clearly defined zones and levels within those zones that I am willing to engage off of. I do not care which way price goes because I have a clear plan for both scenarios. In the mean time I do nothing. Do not force the trades, WAIT for price to come to you and if it...
SMP TRADING SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Chart time frame - H4 Timeframe 1-4 Days Actions on - A – Activating Event Market will meet resistance in zone @1.011 - .... and fall to the 0.991. In order to enter, the pair MUST be in line with my Entry Procedure.... B – Beliefs Market move towards the first Target 1 level @ 0.991 FX:USDCHF...
SMP TRADING SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Chart time frame - H4 Timeframe 1-3 Days Actions on - A – Activating Event Market will meet resistance in zone @0.725 - .... and fall to the 0.704. In order to enter, the pair MUST be in line with my Entry Procedure.... B – Beliefs Market move towards the first Target 1 level @ 0.704 FX:AUDCHF...
SMP TRADING SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Chart time frame - H4 Timeframe 1-2 Days Actions on - A – Activating Event Market will meet resistance in zone @1.339 - .... and fall to the 1.33. In order to enter, the pair MUST be in line with my Entry Procedure.... B – Beliefs Market move towards the first Target 1 level @ 1.33 FX:USDCAD Trade...
SMP TRADING SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Chart time frame - H4 Timeframe 1-4 Days Actions on - A – Activating Event Market will meet resistance in zone @82.800 - .... and fall to the 81.200. In order to enter, the pair MUST be in line with my Entry Procedure.... B – Beliefs Market move towards the first Target 1 level @ 81.200 OANDA:SGDJPY...
SMP TRADING SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Chart time frame - H4 Timeframe 1-4 Days Actions on - A – Activating Event Market will meet resistance in zone @111.966 - .... and fall to the 109.86. In order to enter, the pair MUST be in line with my Entry Procedure.... B – Beliefs Market move towards the first Target 1 level @ 109.86 FX:USDJPY...
- Price is at the bottom of the range on the weekly - upward bias - Price is forming a symmetrical triangle pattern on the D1 - The blue area is a historic S/R - RSI on the H4 is in oversold territory Wait for price action to go long
Pattern: Channel Down on 1D. Signal: Bearish due to the squeeze of the Falling Wedge (dashed lines). Target: TP(1) 1.81990, TP(2) 1.81500 (within the 0.5 - 0.382 1D Fibonacci levels).
SMP TRADING SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Chart time frame - H4 Timeframe 1-2 Days Actions on - A – Activating Event Market will meet resistance in zone @0.8637 - .... and fall to the 0.854. In order to enter, the pair MUST be in line with my Entry Procedure.... B – Beliefs Market move towards the first Target 1 level @ 0.854 FX:EURGBP...
Expecting a further push-up before the continued selloff
AUDNZD trade analysis: Price is coming up to the next major resistance area as it was in the last few weeks, resistance hit and failed Jan 22nd, Feb 5th, and Feb 8th. We can tell from the H1 and H4 that it has a stronger hold for resistance, and it is coming back currently to the same zone at 1.05388, so we can see an extensive push upwards if it breaks the area,...
Pattern: 1D Ascending Triangle. Signal: Bearish as the price was rejected inside the 1D Resistance Zone. Target: 3.7700 (expected Higher Low).
Pattern: 1D Ascending Triangle. Signal: Bullish as a Higher Low is established. Target: 4.5600 (just below the 1D Resistance Zone).