Chart: H4 It looks like the end of recovery! This should be my setup for the next week to make some pips ;-)
Chart: AUDUSD H4 This is a very interesting Chart. We can see the market ist now in the recovery. Maybe the next days it will find an end, an we can set a nice long trade
Chart: FX:AUDJPY 4h I think this could be the end of the recovery of the market. My Setup for the next week looks like this.
Chart: FX:EURUSD H1 My actually Setup for long on EUR USD
I think we may have finished retracing for now and heading down. -I want a break and close below the 4h trend-line in blue here -Coincides with fib 0.618 retracement -ABCD Structure in play -We just bumped our heads on major monthly resistance of 1.4000 and held below -A lot of long wicks around the 1.4000 too -Targets as shown -Another reason why we could be...
All Industry Activity Index (MoM) better than expected is somewhat strong for the YEN. Look for completion of head and shoulders formation as well a change in cycle to the downside.
Just played the channels today. Don't go against momentum and you will turn out okay. Just make sure each run up or down is more extreme than the previous!
FACTORS OF CONFLUENCE + With the overall trend. + Retracement into the fib value area. + Bottom of ascending channel. + Previous resistance level becomes support. + Look out for reversal candle patterns to the upside in this area. ( if this week closes with a doji it'll be a great sign of deceleration to the downside and a good clue it's even closer to a...
Right now we can see that the price has hit a key support level. I predict this will be the start of a bullish trend.
Large pinbar spotted. Will wait for a good break of pinbar before entry for this one. TP based on pivots. Pair chosen using Currency Strength meter.
Spotted a pinbar in nice SR zones. Good RR too! TP at future cloud.