This is my EURUSD mark up. I'll follow these zones 'til Feb. 15th, 2019. Color coded so there's no confusion since I use multiple time frames. I could go in depth with how I view my charts, but we're all different when it comes to trading. However, I love feedback as long as it's not negative.
Last chart we were watching to see if the bull push up to $3658 would be it for upward movement. As described last chart, bears would be perfectly comfortable on daily chart with that being the lower high to then give them the momentum to seek a lower low with bulls desperately needing to hold $3425 support. Bulls caved yet again and bears dropped price back down....
On the audusd there seems to be a strong support on the weekly so I decided to head over to the daily and I noticed a downward channel has been created consisting of lower highs and lower lows. Hoping for price to retest previous support structure so I can go long. Use lower timeframes to monitor movement and enter trade if necessary.
H4 - Price has created lower lows. We have a critical zone that has formed. We may now expect one more push higher from the current zone towards this critical zone. Once the pullback completes itself, we may then start looking for sells with more bearish evidences.
In this market, I have seen the market do into this downward channel and with that came lower lows and lower highs. I've added the entry point, stop loss and take profit. The lower lows and lower highs can be seen more clear in the 1hr timeframe and smaller.
Quick update. We broke all support levels discussed in earlier post and I will continue to remain patient but must admit, I am feeling at least a temporary bottom is approaching here. I'm looking for any signs of bull life and they almost showed it earlier with the initial low of $3650 and a bounce to $4000 but failed to follow through from there and now we are...
I use historical analysis, not to base my decisions, but to see the options laid out on the table. The market is the magician; if you watch the trick unfold before your eyes - before you know it - you missed the slight of hand. FYI, I believe crypto will play a huge roll in our daily lives and I am long term bullish. I make calls with big play(er)s. There is no...
Quick day trade, downward trend price is forming lower lows and lower highs
H1 - Lower lows created, double wave up with bearish divergence. Once the price breaks below the uptrend line, we may start looking for sells. Targets - The two levels to pay attention to for targets are between 1.30227 - 1.30080 (target 1) and 1.29652 - 1.29385 (target 2), until we get any opposite signs.
Pair is making lower lows and lower highs Sell Stop @ 112.16 1st Take Profit @ 111.92 2nd Take Profit @ 111.63 SL @ 112.46 This is my own personal opinion not a trading call.
Gold was stuck in a range between $1365 and $1307 for much of 2018. It recently broke out to the downside, retested that area and then sold off. It is worth noting that although the daily is in a downtrend (which I give more weight too), price is finding support at a key weekly level. As I rarely take positions against the daily trend, we will want to wait for...
H4 - Bearish divergence, basically we are looking for the price to create lower lows, break below the confluence of Fibonacci zones at around 128.20. H1 - Break below 127.95 should provide sell opportunities.
Deutsche Bank is one of the largest banks in the world by assets. Along with DB’s home market of Germany, it has a presence in more than 50 countries around the world stretching from the Americas (North and South), Asia-Pacific, Central /Eastern Europe, Middle East and Africa. The bank has three primary business segments: 1) Private & Commercial Banking 2) Asset...
Waiting for deep pullback around 0.7650's levels which we have a confluence of fibonacci 1.414 extension,0.618 retracement,AB=CD pattern and major structure on the higher time-frame.If price does eventually get to those structure levels then the last thing to look out for is a double-top and a lower-low lower-close with a bearish divergence for an entry in this...
D1- Price respected the downtrend line, moved lower and broke below the bottom of the channel. H4 - Price broke below the last low creating lower lows. We may now look for pullbacks and sells. Invalidation: This setup is valid until price holds below the bottom of the daily channel (false breaks can be neglected).
Lately, the GBP has been under fire from all swaps, however, this pair has managed to rally from the rising trendline each time it has tested it. I am long at 148,69 sl 147.90 tp 155. Until we break and close below the trend line I will remain a buyer from the bounce.
D1 - Price has reached the top of the triangle pattern. We may look for short term sells towards the bottom of this triangle pattern. H1 - Scenario 1: If we see one more push higher with the price creating false break at the top of the D1 triangle pattern with bearish divergence. We may expect the bearish momentum to continue and follow this plan Scenario 2 -...