As price has reached premium prices, retracing 50+%, I am on the lookout for a reversal pattern.
When price sweeps LQ from the buyside or sellside, usually it goes in the opposite direction.
As I am bearish overall, I am looking for the HTF resumption of the overall trend, which is bearish.
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Part 1 of the buy2sell setup is complete. +50 pips
Now, we look for the sell setup. Target will be the low.
There are two FVGs to look for a valid setup.
I'm looking for the sweep of a high, a bearish displacement that breaks market structure and leaves a FVG, then a pullback to that FVG for the entry.
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The buying part is already in progress/profit).
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As of today I will start a new series for the TradingView community: Learn To Trade With FieryTrading.
I will be doing deep-dive analyses on different trading strategies to explain how they work and especially why they work. The idea behind this overview is to make you a better, more well informed trader.
If you learn anything from this post, please give...
We have entered this trade on 4h confirmation bar and it has now gone onto confirm the 2nd bottom on the daily timframe. The weekly potential bottom is still holding. For it to have a higher probability to confirm the weekly bottom, it has now got to take out the last swing high as shown in the image. Let's see how the trade plans out according to our smart money...
Gold is continuously falling and now has reached on its daily support level around 1905 to 1910 also gold has formed a trendline structure which also followed its sell baised but it seems like on daily level of support price is going to break above its H1 trendline also on daily level price is also taking support on 200EMA which is also a good sign for BUY side...
Silver formed a double top pattern on a daily.
The neckline of the pattern was a key horizontal structure support.
This week, on Thursday, the price broke and closed below that.
It is a very important bearish signal that indicates a local bearish reversal.
I will expect a bearish continuation on Silver to lower structures.
Goal for sellers - rising trend...
US markets had a quiet session Friday to follow on from an uneventful European session. Traders are focused on the US earning session so I expect to see support in the near term. I feel that the markets are generally extended and traders will be in a holding pattern ahead of results from big tech next week. Defensive stocks were favoured on Friday which, for me,...
Sandur Looks good for investment for Long term CMP 772,
Strong BS and Fundaments along with integrity and positive management approach.
Share price may test 1700 levels, after that may reach to 2300++ in longer run.
Keep eye on it and research from your side as well before investing.
European and US Indexes bounced into the weekend setting up for a strong open for the Asian session. Some debt ceiling optimism and stronger than expected economic data helped bulls squeeze out recent sellers for the drive higher. The data showed strength in inflation and the US consumer which points to a resilient economy...but it also points to sticky inflation...
This is for clueless haters who still don't understand how this game is actually played, Here are longer term projections incoming for Pepe, the bottom of the white lines to the downside are my measured moves, the targets are as follows, 0.000001381, then 0.000001075 followed by 0.0000008 to the downside, complete vector recovery. I'm sure once my T.A plays out...
NZDUSD; Continuation of the swing long bias after a short retraction put to stop on the 0.38 fib level giving us the continuation confirmation of our bull run...
take profit to be taken at the bullish imbalance price line for a short holder
On The Daily Time Frame The USDJPY Price Broke The Higher High
If Price Stays Above The Key Zone,
USDJPY Can Create New Higher Low and Continue The Bullish Move 📈
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Big zone and ranges here for the likes of USDJPY. Our sell zone simply sits on this D1 area of resistance and supply, 137.725, with stops covering that 138 handle and then some. Nice swing setup here, offering a nice 9R down to support price of 132.600
As per the technical rundown, we can see FTSE100 supporting between this 7720 and 7700 price, and maybe a little north of this in the latest instance, my alerts have been set for 7700. with stops looking likely around 7675 (25pts).
Targets back up towards that 7950 handle, the previous area of resistance, and the zone we were initially looking to...