Good afternoon So what I see happening, this market hitting one of my three tps going up, so far this is what is happening can change , I am not in this market as I missed where most of the buyers are so I am waiting for a counter trend or sell once it hits one of the tps. Looking forward to your feedback let me know your friend Kris www.mymentortv.com
Hey Guys, here comes the free fall. Enjoy it. Peaceeee :)
If we breakout to the upside I would like to see you up at these levels. This is where you belong my precious!
Two options one is going Right. Good Luck!
Pattern still in progress we can see the lower & higher target expected otherwise target can be between D points.
BUY: 0,75090 S/L: 0,74330 T/P 1: 0.5 Fibo level T/P 2: 4h Resistence T/P 3: Monthly Resistence
We have recently seen a sideways move. We saw a big bearish movement and quickly lots of buyers got back in. Maybe market makers were trying to eat stop losses. Now, the market could continue to fly as the market has made new highs on weekly timeframe. Ttrend could continue.... Let's see what happens...
We have just seen a good retrace on 1h timeframe. Which has confluence on the support of the 10th of May and also the 38% fib retrace. The weekly candle closed really bearish and we recently have seen two dogi candles on h1. We want to reach the -27 fib extension.
There has been formed a head and shoulders on h1 and it is recently been broken. We would love to see a 4h candle closing big and engulfing above the 0.739 level, which it looks like is soon going to happen. The Take Profit won't be till the supply zone. It will be till the 61.8 fibo retrace of the downwards impulse. Let's play it safe.
BIG BULLISH MOVEMENT ON H1. WE WOULD LOVE THE PAIR TO MOVE TO THE 61.8 FIBO RETRACE. THIS IS AN INTRADAY TRADE. TRADING SAVE AND NOT BIG RISK:REWARD....
Looking at the weekly timeframe, we see that EURUSD has been rejecting the level of 1.13500-1.4ish, and the Fib of 23.6%. We need a break and close above key monthly resistance+ trend line break at 1.15 which will lead us to 1.18500 + the 38.2% Fib. Also it looks like a higher high is about to be achieved for the EUR along with higher lows on the DAILY timeframe....
1.4166-1.4133 price consolidated and dropped. meaning alot of sellers sold at that area meaning a possible unfilled market orders still in that zone.... an example of this below when price on a daily TF reacted and dropped from my zone 1.4101-1.4081 so i expect the same. i will take profit at 1.38500 and i will move my stop loss into profit once it begins to...
Picking tops (and bottoms for that matter) seems an impossible task to me, therefore I trade upon trend line breaks which have been tested multiple times in the past. Nevertheless, this is a scenario I'm currently keeping in mind. Personal summary - 8+ months of consolidation - 7/30 EMA weekly cross - 50/200 MA golden daily cross - 50/100 MA 3D cross - Broke...
Follow up from last weeks short entry - Very detailed support and resistance analysis I expect all levels and channel to be respected as S/R and breakout areas Fibonacci retrace level suggest we may be currently reversing off the current 61.8% cluster price has sat on during the weekend, the last 5 hour candles have tested this level. CCI suggesting a bearish...
Patience, the market is dynamic. My bias was short; long term but that has now changed. If we mange to break above the 137.016 area that will prompt me to taking longs; on the daily chart we have an inside bar set-up for a possible long entry.
Maybe a little labour intensive for some but a safe way to book profit without much risk. Buy and sell in 2 units at support and resistance. Move stops to protect positions. Take one unit profit at either support or resistance. Wait for break out in either direction. Repeat until breakout. Or leave it alone if it looses it's neatness and starts getting...