Just a simple set up, wasn't really focusing on NZD pairs, but just got it now for a long trade on the 4H tf, was a late entry but a great market structure has been made here. Let's see how it goes on NZDCAD.
If you have any thoughts or ideas feel free to drop a comment down below, lets learn together in this forex trading industry. Having fun learning SMC and...
MATIC/BTC
MATIC/BTC
has discovered solid help at $1.44 Since the May crash Matic has been on a slow descending pattern from the top at $2.85 and reached as far down as possible at $0.64. Presently Matic/btc is exchanging at $1.47 and if Matic can flip this vital obstruction over the 38.20% Triangle level into help above $1.77, Matic looks ready for a major...
all details in the graph only
It is only for learning purposes. Please do not take it as financial advice.
Do comment if you have any opinion on my analysis; it will help us learn together.
Watching this retracement closely as we embark on another voyage with gold this year.... how low can we go? (1860-1830's would be ideal)
Like this chart if it brought a smile to your face in this stressful day :D OANDA:XAUUSD
I am having a bit of fun while doing my analysis with this chart, it is good for the heart. I will be posting more thorough analysis...
1. Previously created a Double Top,
2. Rejecting nicely from the Fibonacci 50% resistance -> was also previous HL.
3. Downtrend
4. 4H chart creating a shooting star
We have 4 confluences.
Please if you have experience in trading and have a different opinion leave comments and say why as I'm looking to improve my trading analysis. <3
After the recent bullish move on USDJPY and knowing USDX is strengthening, the most probable price direction is bullish and we expect to see under and over pattern plays since we make a recent double top. Waiting for price action confirmation at 105.500 level!
DXY is getting stronger and then NZDUSD is in a bearish market profile, the suggested price for sell is in the selling area (around 0.64900)
use a money management plan,
Good trades !!
Dollar is strengthening and AUDUSD make a clear rejection in the sell area, time to go short from 0.67900. You can use any edge to find your entry and remember using money management plan. Stop loss should be over the supply. take profit is open, hold around two days drops : )
Good trades !
After making a bearish engulfing from supply level as the Dollar get more strength, the most obvious scenario is a drop. Suggest price to sell, enter at current market price with stop loss over the supply. Good trade !!
USD make a bullish day yesterday and close over 94.80. obviously, price decide to move down and entry-level I suggest since it breaks the trendline is 1.20500 to 1.20600.
Sell, Sell, Sell! Keep using money management plan and stop-loss over the supply. Good trade. Take profit is open.
This post is for those who wish to improve their Elliott wave analysis. Interested traders can comment their wave counts. Wave counts will be updated based on the discussion in the comments. Right or wrong, feel free to comment your wave counts. This post is only meant to learn. My wave counts can be right or wrong, as I am also a learner.
Do read my earlier...
