Hey Folks,
We are still in Daily downtrend so we can plan bearish moves from this structure.
I expect one move down and then an up move to trendline. It could brake but by now I'll expect more downside in the Daily structure.
Watch for this moves.
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Hola Amigos,
Estamos en tendencia bajista en Diario todavía así que podemos planear ventas todavía.
Expero un...
Hi guys,
this time i want to share with you a simple structure trade, in order to let you understand how i analyze markets so that i can find the best opportunities.
I utilized two charts in this case for you have to get the reasons behind this thought process.
In the left hand side of your screen, there's the 4HR chart, and you can see price has created two...
Hi guys,
this time i want to share with you a simple structure trade, in order to let you understand how i analyze markets so that i can find the best opportunities.
I utilized two charts in this case for you have to get the reasons behind this thought process.
In the left hand side of your screen, there's the 4HR chart, and you can see price has created two...
THE PAIR REJECTED FROM VERY STRONG SUPPORT OF MARCH 2015 . AFTER REJECTION FORMED BULLISH ENGULFING PATTERN . RSI SEEMS TO BE LOOKING ON UPWARD FROM OVERSOLD AREA. SO ALL OF THESE SIGNS ARE SAYING THAT PAIR IS GOING TO CHANGE THE TREND. TARGET AREA,S ARE MENTIONED ON FIB EXTENSION .
Good Luck & Happy Trading
when the support at 1.3675 gives way the pair will be heading toward the 1.345 level with 1.32 as an extension.
the monthly chart as attached posted negative divergence on the rsi which broke through the ascending trend, implying that the support here will not last for long.
All the best trading this pair and please remember to give this a thumbs up!
Hi guys,
two different setups on this pair, there's a Gartley formation already completed and a 2618 that could be completed on the next hours.
As you can see in both cases we can earn some profits, keep in mind that this particular time i'm going to use 1 single target for the pattern (at the 2618 completion) with stops above the X.
Good trading!
If you want to...
Hi guys,
two different setups on this pair, there's a Gartley formation already completed and a 2618 that could be completed on the next hours.
As you can see in both cases we can earn some profits, keep in mind that this particular time i'm going to use 1 single target for the pattern (at the 2618 completion) with stops above the X.
Good trading!
If you want...
Sorry about the late posting..I entered much earlier but got called away from PC before I could post.
You have a a spinning top/doji, with a long lower wick, another doji, and a sash, and then an engulfing complete yesterday... all at a support level that is A FOUR YEAR LOW. I don't usually use Connors 2 period RSI for forex, but hey - it did register...
monthly RSI has shown negative divergence and has now crossed below an ascending trend, which suggests the trend has turned negative and support at 1.3675 may prove temporary.
When the gates give way the pair will be heading toward the next projections at 1.35, with any rebound being capped by 1.4040
If you found my thesis helpful please remember to thumbs...
Looking for potential reversal on this pair as it is hitting a major support area and indecision is forming .. in order for this trade to be valid we would need a close with a strong bullish candle at 1.37345 good 1:4 risk to reward
Hey guys,
there's not so much on my radar today. Nonetheless i've found a nice advanced pattern formation that is near to the completion point. It is a Bat pattern and its D point comes near to the daily structure level i've outlined with the black line.
Always have the bigger picture in mind.
Stops below X, targets at .382 and .618 retracement of AD leg.
If you...
The crowd says short, short short. Well let's look at this. In the mid term we have to be long. Price has TOUCHED THE TWO YEAR LOW. Two days ago we had a bull Sash candle complete. Connors RSI indicates oversold. TSI moving up. We see an Elliot Wave count indicating wave 3 has completed. Finally, we have a bullish XABCD pattern that has completed indicating a...
Hi guys! We have a possible 2618 trade on EURAUD. Here is a link on how to trade 2618:
youtu.be
subscribe to my channel, i do publish tutorials and do live sessions too.
