JPY was not in control this week as several pairs made their bull run with it this month. I'm looking for bearish moves now to correct the very long bull runs. So this will be a short for a bit. Even though we have a bullish engulfing on the monthly, I don't think it will get too much larger this week since GJ struggled with a daily SR level at 135.674. So much...
The GBP is nowhere near done with its bull rally. I hope all of you were trading in favor of the GBP all this month. I gave a heads up to some family before September 1st and I hope they enjoyed the month-long ride. We have a morning star formation almost completely formed on the monthly. Looking for it to finish the bull candle before October starts. Then...
Potential bearish swing trade setting up for Gold! On the monthly, a bearish doji has formed and the RSI is now overbought and curving. So the bearish swing trade will happen. Just have to be patient for it. For now, the market is having difficulty breaking the daily SR level at 1489.61. The big boy breakout will last week will get a correction before we find...
I missed the trade setup with the bearish harmonic last week. Shame on me. Bad Nika. Now that it's almost over since the trade is sitting at a daily SR level with rock bottom RSIs on the 4hr, daily, and monthly, it's time to say buh-bye to the short and get ready for potential trade setups for next month. On the monthly, we have a doji formed at the bottom of...
USD/JPY is after a significant MACD divergence The price creates a fresh supply above which formed a bearish Quasimodo pattern. It's a great setup to sell USD/JPY, Targets are the support levels 1 and 2 below.
USOIL is most likely on its way to close the gap from the beginning of the week. The fresh supply above seems like a great continuation level to sell USOIL. If the price will break out the supply above it indicates the price on its way to Reach the supply at the top.
The Gold price compressed down toward the demand below. It seems like a great demand to buy Gold, The confluence of price compressed down and a fresh demand is a great one for buy position. I'll buy the demand at the first touch
The price open this week with a Gap down and creates a fresh supply. This supply is a great level for sell position, I'll sell on the first touch and the demand below will be the target.
ey tradomaniacs, nut much to say, jsut some key-levels that could help you to trade CRUDE OIL! :-) LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me. Any questions? PM me. :-)
The fresh supply above creates a bearish Quasimodo pattern for sell position, I'll sell at this supply and the target will be 57.00 zones.
Breaking out this support Will indicates the price On its way to the demand below. If that happens I'll look for price action setup for intraday sell position.
Price moves down toward demand level which seems like great level for buy trade The target will be 10.800 zones
AUD/USD is bullish at the moment, It seems the price tends to reach 0.6850 zones which is the next fresh supply. A few hours ago the price performed a new fresh demand. I'll use this demand as a continuation level for buy position. Meanwhile, we can see how the price compressed toward this demand. when a price compressed toward demand it's a great setup to buy.
The bulls seem to be in control at the moment. Remember don't manipulate yourself out of the money, keep it simple.
For the long terms, as we can see on the W1 chart on the left side of the chart, the USD/JPY tends to reach the demand at the bottom. On the H1 chart, we can see how the price creates 2 fresh supply levels above. Each one of the supply is a potential level for continuation sell trade. I'll sell at the supply above and the stop loss will be few pips above this...
Going sideways at the moment, either we retest the daily OB or make it above the 4h OB, waiting on the sidelines until I get a clear trading setup
Cleaned it up a little, new 4h OB was perfectly hit with last 4h high, well see how it reactes next time and decide then.
I'm trading without indicators solely based on price action with OBs and key levels. Caught the perfect entry for this one here, let's see what happens at monthly opening.