The Pair is at the support level from which its going to go Long to next resistence. Financial events may tend to be helping it getting the same way.
Down side impulse stall at the major demand area and we see a double bottom pattern formed in the 4 hour time frame, wait for the break-out and retest of the CTL before placing long trade. _________________________________________________________________________________________________________________________________________ Traders! if you like my ideas and do...
Double top pattern shown within the major supply area and we see reversal evidence in the daily time frame indicate a reversal is about to come. look for a high test candle closed before placing shot trade. _________________________________________________________________________________________________________________________________________ Traders! if you like...
Last week bullish momentum was halt at the major supply area and we see an evidence to reverse in the daily time frame, look to go short within the highlighted area or wait for any high test candle closed. _________________________________________________________________________________________________________________________________________ Traders! if you like...
Still in bullish momentum, look to go long upon correction to previous based area near 61.8 fib level. _________________________________________________________________________________________________________________________________________ Traders! if you like my ideas and do take the same trade, please write it in comment so we can manage the trade...
USDCAD Long/Buy Idea waiting for a momentum candle close above 1.312 to buy this one Reason: 1- Regular Bullish Divergence on MACD (in red) 2- Trendline (in blue) 3- Demand/Support zone from Daily Three confluences are enough to consider Buying USDCAD, after a break above 1.312 (in gray)
I'm going for a demand zone on the 1h at 1.9978. As you can see, there are two demand zones but I choose the second one because the first one was tested, even though I prefer it over the second one. There is a good chance that there were still buyers there and it will take off. I don't mind. I rather deal with a mediocre untested zone than a tested great zone. The...
Took this on the 12h - missed the initial entry but price went down afterwards so I was able to get in at a discount. Price action is showing the potential start of a new up-trend and the indicators showing me good up-side momentum for entry. Again, as with all my trades - the SL is at 1.5x ATR and TP1 is at 1x ATR while TP2 is far far far away! Money management...
Following up from the previous posts about the structure of AU, the upper bound ceiling mentioned in the previous post has held true to its form as a price zone of resistance.
Hello everybody hope you are profiting EURJPY have a quite room below and above so when it comes to first demand zone below current price, we consider buy for targets: 1:3, 1:5 and 1:10 (we can exit partially) ________________________________________________________________________________________ Golden Trading Rules: The Market Rewards You for Your...
Hello everybody, Hope you are in best mode GBPUSD is about to heat double supply area (2 supply areas that we combined to one) And if dollar comes with it (Rally) it can drop from here its a short term trade, i wouldn't really think about more than 1:5 target (1:5R/R) ________________________________________________________________________________________ ...
The bearish structure combine with the recent downside impulse move seen on the chart, look to enter short to follow the impulse. _________________________________________________________________________________________________________________________________________ Traders! if you like my ideas and do take the same trade, please write it in comment so we can...
Continuation will play along in such a strong impulse shown on USDCAD, look to short after the completion of the correction move that also align with 71% fib level. _________________________________________________________________________________________________________________________________________ Traders! if you like my ideas and do take the same trade,...
We have seen a bullish impulse since last week, every impulse will come together with an correction move, there for am looking for short opportunity within the next strong resistance zone on the highlighted area. _________________________________________________________________________________________________________________________________________ Traders! if...
Monthly -Pound reach all time low $1.1940 back in Sept 2019, last time at this level was October 2016. -If current momentum continue price push higher, this double bottom will probably be valid & solid. -Now price has trending upward of 700+ pips and reach M1 supply zone. Weekly -W1 supply zone coincide with M1 supply zone. Daily -D1 supply zone also coincide...