As we can see, the value has retested a point 3 in the downtrend and is now falling without any other retest and in a really hard way, so this is our confirmation to enter in the operation, our first TP could be in the weekly KL and the second one will be in the monthly KL.
Asian Shares Mostly Lower; Bank of Korea Leaves Policy Rate Unchanged While Aussie Yields Hit Record Lows In an unexpected move, the Bank of Korea kept its benchmark policy rate unchanged. Central bank policymakers surprised the financial markets by holding the benchmark interest rate at 1.25% when analysts polled by Reuters were expecting a rate cut.
GbpNzd is trading upwards for quite some time and the next 600 pips leg up has formed a nice trading channel. Usually, channels are reversal patterns and this can be true in this case also. A clear confirmation that a reversal can take place comes with a break o confluence support at 2.0420-2.0450 zone. A break of this area could lead to a 400 pips drop to 2.00...
Big Ascending Channel and Double Top Pattern Forming for the drop in downside. ThankYou
Hello Traders, Sell idea on this pair looks like it has come to highs once again to get rejected. Asmall SL -15 pips tp 30 to 70 pips. Comment what you guys think below. Leave a like if you agree.
Looking for the Reversal Pattern in downside. ThankYou
Plan : trendline breakdown --> wait for price to bounce off from key resistance level --> wait for the rejection candle pattern to form e.g. bearish engulfing, pinbar etc --> SELL **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment...
Waiting to see if this current 4 hour candle can close like this if i get a close below this structure level then i will be opening a short position. Half an hour till close of this current 4HR candle
Mini Ascending Channel and Double Top Pattern Forming. Let see how market Behave. ThankYou
A daily close under 2.04 figure would confirm the false break and open the door to 2.02 and 2.00 furthermore
As per the Chart Abbreviations; ND=No demand NS= No supply DW= Demand Wave RFSB= Resistance from Supply Bar SFDB support from Demand Bar SLK= Stop Loss killer SLKB= Stop Loss Killer Bottom DB= Demand Bar SB= Supply Bar EVRB= effort vs Result Bottom My Mentors and Inspiration Volume Analysis - Oleg Alexandrov (Tradingview name: Chartreadingpro ) Money and...
Same as GA, looking for a similar sell as a day trade. I'm already in this floating about 100 pips in profit however it is still possible for this to wick up so be prepared for an entry where the purple box is. Watch for rejection around this zone. 280 PIP GAIN 13/1 RR
A good short while waiting for pullback.
From my last GN analysis, GN respected the resistance zone around 2.02879 but broke through earlier this week because of news. However, now it is respecting the zone at 2.03961. I will be looking to short to the broken resistance area at 2.03046.
the Pair can be trading in a corrective cycle for an impulsive wave, or a beginning of a bearish impulsive cycle. in both of the above cases the pair can grant us an easy 150 pips with a short positions from current levels. Good Luck !!