As you can see the GAPfillout and fillin is coming several times. You can trade easily downgrade to up and upgrade to down and finaly 5-10 candles fill in the gap. If you want to know more write here. Thank you. :)
Hey Traders, I am beginning to see some signs that the major indices (specifically the Dow & SP 500) may be getting ready to give a little of this recent rally back. I am seeing a couple indications that a pullback is likely to occur over the next week or two therefore right now may be a good time to reduce overall exposure. As you have seen in some of my previous ...
TIP :
A trend in stocks generally has 3 types of gaps along the way :
1st gap is often a breakout gap to trigger the trend trade
2nd gap is a common gap acting as continuation on the trend
3rd gap generally occurs like a trap at the end of the trend. Trying to show the stock has some more potential when it's already to late. Dumb traders enter, smart money ...
Trade followed by recent trend. GAP is making good support here. Trade has quiet good R/R ratio. I will be monitoring this trade so if U will jump in I will update idea when I will close trade.
The blueish rectangle showing very peculiar price action which took place on the first half of august. This strong bullish movement was wiped out with couple of days and pull it down below the most important support/resistance level for this pair which is 0.02.
I can see 2 possible scenarios the pair will be pull down by 200 EMA on 4H chart and most likely 0.02 ...
Price broke the trendline and filled the gap as we can see therefore we can look to sell,
then the price can make the H&S pattern we will look to sell an other time because price break the psychological level I've set up on my previous chart
( https://www.tradingview.com/chart/SPX/88jzfEN9-Money-in-both-ways/ ),
then the price will possibly break the last ...
Basically looking at structure, a Liquidity zone was made
obvious and we spotted Supply and Demand, we are currently
in a healthy downtrend suggesting at current price of USDCAD,
there is an entry opportunity to sell for at least 100 PIPS.
This is more like update to my previous analyse regards this pair. EURUSD made its move and USDCHF stayed behind a little bit. USDCHF and EURUSD are very correlated with each other. one is going down the other is going up. All these lime stripes represents Daily GAP's which are acting as a support/resistance area. I'm expecting two scenarios here:
1.Pair will go ...
in ta perspective gap must be filled.
this bear wave is very extended and 61 fibo lvl from pervious long swing is a good support for see a bounce.
good and have a good trade.
