NZDCHF has formed a significant bearish engulfing on the 4 hour time frame.
The bearish engulfing candle engulfed 4 previous candles and closed at 8am CST Friday.
SL set at engulfing candle body high. TP set at 3X risk.
Sell limit set at 50% retracement level.
Good Morning traders!
Hope you are well.
Todays forecast will be done on the 1hr timeframe to give more information.
We are still in a over uptrend/buying range, with liquidity built above current PA. Over the past week price has retraced down and is now within the discount of the buy range, this offers great opportunity to go long. As always we look left for...
for last day of this week I expect euro do go down this move and respect stracture, giving me a nice RR trade for short period, gona w8 for confirmation in format of Wyckof, for even better entry but way more risky :)
do not copy my trades, but learn from me <3
XAUUSD Quick Friday Entry
After Fridays colossal drop in XAUUSD on Thursday, the pair looks to be slightly shaky at pre American session. Dropping beneath 1770 on Thursday, XAUUSD rebounded and tried to cover some lost ground at the start of trading this morning (European session). Since then XAUUSD has pushed onto 1795 but looks weary as it tries to push for...
Ranging... yet again, looking for a quick buy if the price creates support... I believe a big move will come in the US session so just looking for a fake out trade... maybe a sell if it does breakout of the range.. we'll see
Amid a lacklustre open to the trade session EUR/JPY has taken an early lead in development especially within the daily uptrend. As we are seeing a nice break-out continuation, we should see the final leg to the upside relatively soon.
Latest news from this morning:
BoJ Governor Kuroda says they are closely...
Adani Enter Prisis has come up with best intraday setup for friday 23 octobar 2020 look at the set up it has been in a cansolidation manner from last two days and it high time it is just ready to blast and give a great return on your investment in intraday. NSE:ADANIENT
adani enter prisis is good stock belonging to adani group having a good amount of liquidity...
We can see price previously made a lower low, i am looking to go short upon a lower high, however i need a confirmation candlestick to confirm my short entry. A wick to the 50EMA then rejection down to the 61.8 could look likely...
Gold has just broken the 30m and 1h resistance and would most likely follow clean traffic through to 1870 if support is respected, however as it is the end of Friday I am just spectating to see if it plays out as it should