The audio didn't record in the last one, so here is an update. G'day, Master Key for zones Red = Three Month Blue = Monthly Purple = weekly Pink = Consolidative box example (Daily) Orange = Daily Risk Warning Trading leveraged products such as Forex, commodities and CFDs, carries with it a high level of risk and so may not be suitable for every investor....
G'day, Firstly, welcome back to 2024. It's been a good start with some great consolidative moves within trading ranges, but now let's see the longer term movements for this pair of focus. GBP JPY. Master Key for zones Red = Three Month Blue = Monthly Purple = weekly Pink = Consolidative box example (Daily) Orange = Daily Risk Warning Trading...
G'day, Master Key for zones Red = Three Month Blue = Monthly Purple = weekly Pink = Consolidative box example (Daily) Orange = Daily Risk Warning Trading leveraged products such as Forex, commodities and CFDs, carries with it a high level of risk and so may not be suitable for every investor. Prior to trading the foreign exchange, commodity or CFD...
We have a drop-base-drop (DBD) pattern. Once the price exited from the 'redistribution zone', not all sell orders were filled and there was still open interest at this level; so it pulled back to retest. Here we have the "Evening Star" bar pattern and the TD9. Target are displayed on the chart.
We have a drop-base-drop (DBD) pattern. It's a common continuation pattern. The support level (redistribution zone) is broken. Targets are displayed on the chart.
Gold has reached a drop based drop situation as I have marked the Order Block could be next support so have a take profit slightly above the zone to avoid chaos. Good luck Traders
DISCLAIMER ON, this is my personal trading plan , eurnzd potentially forming drop base drop, so my trading strategy is SELL STOP:1.61188 SL MAX:1.62278 TP:1.58330
This is my personal perspective and personal trading plan, EURNZD entering end of phase B, and breakout from the base, EURNZD potentially drop till classic support (TAGET PRICE 152.395) ------- SL MAX (169.235)
like my analysis before bullish flag. The Resistance 1835 and gold still in bear trend. The price can't through above it so this price go down until DBD area before at 1718-1715 (support area). wait and see.. Love XAU.... Keep Money Management ... Trade Wise >>> Good Luck :)
Hello Everyone if you like idea, do not forget to support with a like and follow!tnx
GBPUSD is moving to test Daily POI. Place sell limit or, Sell when it comes closer to the entry point. Thank you!
The first pillar of using patterns is recognizing the types of breakouts. And the first pillar of using Fibonacci retracement is knowing the range of the Market. Fibonacci can't be used in every wave; First, you should know the price range, and then draw the Fibonacci retracement. In this chart, We have Drop-Base-Drop(DBD) after the breakout, and the golden zone...
Since price already hit and left the 50-61.8% level, it should continue in the uptrend at least to the 64k level before a retracement. It will likely push past since it has already spent considerable time there. Look for additional TP at 65625 R8 Level. There is a drop base drop at around 63k that it will have to push through but looks likely.
multiple times frame analysis drop base drop ...and in h1 lock like Quasimodo ,,, so waiting foe new york session for entry..
TOP DOWN ANALYSIS .. INSITUTIONAL ORDER FLOW BREASH ..WATTING FOR NEW YORK SESSION FOR ENTRY ..
We have an indice analysis to share - as the Japanese stock market could be seeing a big move to the downside in terms of Drop base drop formation, where we have an impulse - corrective pattern and forming a base in the supply and then selling off. We will look to add this to our portfolio and not the CFDs as the spread is high for many traders even with small...
This is a low probability supply zone. If this pair keep pushing up without stop, there can be a chance of a good bounce. BUT if doesn't rally up.... forget it
There is many several type of zone in supply and demand trading method . One of that is DROP BASE DROP or DBD . DBD is type of countinuation base . characteristic of DBD is when the bearish movement is continue after a drop . the significant of this type of supply base , we can determine where is the good price to enter the position after the price reach the zone...