step 1, take the trade step 2, tip me tommorow :)
Gj impulse to the upside came down to create a support structure on the lower timeframes and then started impulsing to the up side again breaking through the resistance structure so i now suspect that we are going to go re6test the higher timeframe resistance found at 152.500
GJ may come back to retest our intraday zone at 150.850 and push into the major resistance level at around 152 and 152.250. We could see a major rejection on GJ next week or a breakthrough of our major resistance level. Let me know what your market bias is for GJ.
As I said on January 24 ...closure even for 1 day over Fibonacci 786 will make me think seriously about BUY up to 145,000 and then even 148,000! And...as ai said last week..If, however, the month closes above the trend line then a new world opens for GJ and probably the new course will be played between 148-163!!! THIS WEEK...even if the trend is upward and I...
The chart would speak for itself in my opinion. As seen in previous sessions we can see that price stays perfectly in range of the S&R in the downtrend. Below on the Daily timeframe we can see that price failed to stay above the Daily support and it basicly have to cool down again No Advice just my personal idea Trade and Stay Safe!
Hello Traders and welcome to out channel. This is out thought process for this specific analasys. If you like this idea please support it with a like so we can keep posting more content like this. If you have any additional questions let us know in the comments and we will provide you with the answer! SharkFx wish you a successful trading week!
CONFLUENCES: - Bullish upward trend - Rejection from 50 EMA - Rejection from Key fib levels - Spinning top and shooting star candles in the 1hr
Do you agree bro ? I am waiting for the break out not taking the trade yet
Simple Order block and imbalance tests. Come back for liquidity before the real move down. Not much more than that to report at the end of the week. Disclaimer This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have...
This is what I'm after. The pullback will be brutal, has to be with how extended the market is. And I'lltake the 1:40 when it happens