We have a clear uptrend on all lower term time frames below a 4 hour, with a slight pull back that looks like it is finding some support. First take profit zone is marked and let the rest ride based of future price action.
Eth has a great setup for a triple 3 correction from Neely, matching the waterfall effect that this move up is done and about to topple over
Thank you for your likes and shares! Much appreciated! __________________________________________________ Abu Dhabi Islamic Bank sees a range forming after a long fall. Very little chance of rapid recovery. ADIB have strong probability to come and test the red strong resistance line. Beware on pullback down on that line. If the market breaks the resistance,...
I believe the rise from a major bottom is a correction wave (ABC). the price now in the last fifth wave of C or 1 of C. Both scenario indicate that the price should make new high and this is a good opportunity for the short-term trader. I am in since last week and my SL is the bottom of last week. There is another suggestion that wave 4 has not completed anf...
My analysis until June 19th. With futures contracts expiring on the 19th i expect gold to either retest this 1763 area or even break higher until 1772 with strong seller rejection back at this level in 2012. Gold continues to stay above the 200 ma waters but is at small momentum and will ultimately lose a bit on possible profit taking during expiration of...
remember the market is in consolation %80 of the time
Price has broke out of the descending channel, however, due to the corrective breakout it formed a rising wedge pattern. We expect this break of the channel as a fake-out and price would return to the channel to have another bearish leg. Also, price had pullback to the 50.0% fib level of the bearish leg. We expect the reversal to occur on this level.
Hi Traders, What a day today has been. Over 4000+ pips and counting on offer today from our strategy across over 30 pairs and indices. Our strategy can be used across all timeframes and has a H4 confluence setting that can be turned on and off. Although this can add extra confluence and an improved win rate, turning it off enables us to get into moves...
Price is currently forming a falling wedge pattern. After a bearish move last week, we are expecting a pullback here on the 4H time frame and a possible short setup might form. We will be targeting the recent support level around 0.63800.
This pair has been within an ascending channel as well, like the NZDUSD pair. Now, we expect price to move up and complete the channel for the third touch before moving back down and breaking the channel with a continuous bearish trend.
Hi traders, Due to technical difficulties, I wasn't able to post Tuesday Recap, so I merged Tue and Wed together. Oh boy, this week started on a good note and turned into frustration and below-average results... I'm still up, but based on my statistics, I'd expect to be much better off after 8 trades since Monday. This is the real challenge with Datrading, not...
Very simply strategy, the chart speaks for itself. For more information on our strategy please view our 'Scripts' page on our Trading view profile. Our V2 strategy shows the SL and multiple TPs on the chart too. Works on all instruments Directly onto your own personal trading view - all devices work Non repainting Regards Darren Blue FX
Very simply strategy, the chart speaks for itself. For more information on our strategy please view our 'Scripts' page on our Trading view profile. Our V2 strategy shows the SL and multiple TPs on the chart too. Works on all instruments Directly onto your own personal trading view - all devices work Non repainting Regards Darren Blue FX
Very simply strategy, the chart speaks for itself. For more information on our strategy please view our 'Scripts' page on our Trading view profile. Our V2 strategy shows the SL and multiple TPs on the chart too. Works on all instruments Directly onto your own personal trading view - all devices work Non repainting Regards Darren Blue FX
This is a great example of how keeping certain things on watch and just taking 30-60 seconds each day to glance at and mark the daily chart can help you find intraday setups (with the initial levels coming from the daily chart). I don't know for sure as I keep this chart on watch so I'm always familiar with the levels... but I truly believe IF I DIDN'T know this...
Price action has aligned nicely for short intraday setup on the pair. On the 4HR timeframe we can see that price has failed to sustain a close above 65.586. This will be our 2nd rejection at this price level along with failed break of EMA 50 on the 1hr and 2 hr time frame. Our TP will be 64.60. Happy Friday traders.
Very straightforward setup. We are currently in a bullish range on the weekly timeframe. There are few confluences pointing price in continued bullish bias. Price has dipped in to our Demand zone 119.38 - 118.78, so around 60 pips. Price action has tried to break this zone on two separate occasions but failed to do so. 3rd time lucky? I do not think so but never...