Chart using ICT orderblocks. Would rather see DXY make a small retracement at 96.2 because it can then regain strength to make a higher high. Breaks are moments we need to closely monitor price action on a lower timeframe. Technically price should not trade into the orderblocks too far, since most of these barely have any wicks. In other words, we are going to...
A more tricky one for a change. On this pair I actually have two support zones where I am considering to go long depending on if the first one holds or not. If not I think there is a fairly good chance that there are a lot of buy orders parked around the second support zone. Since price action is not as clear as I would like it to be, I've marked 3 take profit...
All the majors are showing the same behavior. Strong impulsive move, followed by a horizontal corrective price action. If the minor support zone around 101.50 holds my short term target is 102.50 and long term target is around 104.00.
The 2 circles showing are the main lower lows of this bearish trend, you can see the reversal has happened as the pair had seemed overbought. I do believe that the trend will retrace in order to breakdown to a more lower point of the chart. You can see the downtrend has broken the higher lows of the bull market. I believe the next lower low will break beyond the...
BULLISH GARTLEY PATTERN
Cypher pattern complete
RSI Oversold
Waiting for candlestick reversal on 4hr timeframe
Waiting for RSI divergence
TP 38.2% Retracement of CD
Looks like D leg completion of a bullish bat pattern will complete at 101.88 on the usdjpy pair, no guarantees but it helps to be proactive and have a game-plan in case the market hits that level.
A nice correlation trade is setting up tonight between EURJPY & CHFJPY. The past week has created the largest uncorrelation between these two pairs over the past couple of months.
Please be sure to use proper money management when trading correlation.
A small corrective structure has formed after breaking out above 0.9640. As long as we are above this level I am bullish and am looking to buy weak pullbacks into 0.9655-0.9640 area. First target at 0.9680, second target at 0.9710.
DAX has been following a downward trend for the previous few days and is now currently finding some support at the 61.8% re-tracement level which coincides with an H4 order-block
Hi everyone!
This week we start with EURNZD. It shows us good tech signals about possible long movement.
So we think about buy a little part and be ready to increase the position.
Anyway, we have two plans about EURNZD:
Plan A : today during trades we're going to open a long position:
Stop-Loss: 1.54711
Take-Profit: 1.59540
Profit ratio: 2,07
Plan B : in the...
GBPUSD technically shows us a good chance to start buying it.
It forms a divergency, it's candles show that bears quite weak about sending it lower, and so we consider long could have chances to go up to a very long channels high.
Plan A : we but today before the market closes then we watch the market how bullish orientated it is.
Stop-loss:...
A 400% ER surprise could put this stock over the top, literally...if it truly is in the midst of a wave 4 corrective, look for wave 5 to surpass the trend line above 16 before settling. What do you see?
For this pair I have two possible scenarios that I am looking at. If this corrective structure on the 1 hour chart holds we should see another push up towards 1.3170 primarily and if that short term resistance folds an attack of 1.3270 is likely.
If this corrective structure fails (orange arrows) I expect buyers to step in around 1.3080-1.3085 with targets at the...
