we have a good set up but price have reached a very strong daily resitence so we must wait and see how price behaves the next hours,if we se a pullback making candles holding our red 38% fib and closing above it we will buy it with a 1:3 risk reward trade If you wish to follow and keep updated on this trade click the link in my Bio. HAPPY TRADING!!
-If we go to the daily timeframe, price broke bullsih daily trend then making a retest where the red circle is,this retest is also made on a weekly PRZ zone with a matching point in the 38.2% weekly fib. confirming a daily downtrend -Price is trapped btwn 2 daily PRZ, so what we gonna do is follow the trend,wait for the price to make a new LH below the...
-If we go to the daily timeframe, price broke bullsih daily trend then making a retest where the red circle is,this retest is also made on a weekly PRZ zone with a matching point in the 38.2% weekly fib. confirming a daily downtrend -Price is trapped btwn 2 daily PRZ, so what we gonna do is follow the trend,wait for the price to make a new LH below the...
We aint gonna sell yet we gonna wait how the next 4h and 1d candle closes,if it closes below 23% daily fib,we can expect a drop since we will have a 5 daily candle confirmation of rejection of the previous structure...be patient and wait If u wanna keep updated on this trade click the link in my BIO and join our free signal chat
Sicne our last set up hit out 60 pip SL we gonna wait on this pair,until it decides what direction to take...explained on the chart click the link in my bio to join our Free signal channel
Price is making LH and LL in the daily and 4h timeframe,also got a perfect rejection of the 38% weekly fib level following the trendline,also we have a important and good PRZ that now is a resitence and price has been holdin and closing below it very nice,after i see a complete rejection on the 4h and bearish momentum we gonna star selling with a 1:3 risk reward trade
We previously mentioned the technical reasons in AUD/USD as follows: 1. The market is currently hovering at 0.7350 area (the downtrend channel resistance is seen in the chart) 2. The confluence of resistance lies in 4H chart (200 SMA and 61.8% fib.retracements) at 0.7350 area Note that tomorrow asian fx sessions will deliver the AUD retail sales data and China...
Price is respecting the current downtrend making LH and LL also getti nrejection on the t daily trendline ,what gave me enough confirmation was the big inverted hammer made on our matching point with the weekly 61% ,daily 50% fib andprz zone with the downtrend line so now ima sell it with a 1:1 risk reward
Price is respecting the current downtrend making LH and LL also getti nrejection on the t daily trendline ,what gave me enough confirmation was the big inverted hammer made on our matching point with the weekly 61% ,daily 50% fib andprz zone with the downtrend line so now ima sell it with a 1:1 risk reward
4 shadows at th daily trend line ,fib weekly rejections and mp plus PRZ zones
Price is respecting the trend line of the daily timeframe creating 2 prevoius shadows at t it so that pus the trend line it is making another confirmation lets wait h how today candles closes if it does below the 50% fib daily and below the trend i would start shorting it with a 1:2 risk reward
Major resistance point here. If the resistance is broken, expect a huge downtrend. If it shows bullish tendencies, you can expect a continuation of the overall weekly bullish trend.
Overall bullish trend which can be seen from a larger time period coupled with a strong USD means that a bullish reversal can be expected at the next Fib retracement.
This is a complete prediction. Follow my insta for more @newentrepeneurs Thanks!
price this week broke the strong election formed trendline after 4th impulses to the upside,after the break of the bullish trendline price ranged for about a week deciding where to go ,now after a rejection to the weekly 50% fib and pRZ zone with MP point with the daily trendline forming a double top on the 4h chartat this matching point confirming a retest now we...
Continuing with our bullish trend ,price has made another impulse and formed another structure to the upside above the weekly and daily fib levels and PRZ zone,so im waiting for the price to break this flag pttern before entering a buy
Price is following or major bullish trend,respecting the trend line on every high time frame,creating HH and LHH and also making new high structures above eveyr previous one,another confirmation would be the rejection on every Mp point with the daily trendline with the weekly and daily fibs,after the price breaks this inside triangle ill buy for another 200 pip impulse
Price is following our 4 row channel,creating HH,LH on every time frame ,and yesterday broke our 3rd row trend to go and bounce perfectly on our Mp point of PRZ and trend line zone and nw is going up i wont buy until the flag inside the channel get broken,if it does i mexpecting a 200 push to the upside