We alerted our members about this trade for the ones that weren't watching the chart! started todat with a nice 106+ pip on 2 easy trades!!
It’s been a month since the price in EURJPY started moving into a range – between 129.230 resistance and 127.620 support level. But even if with definitely have no clear trend direction, I truly believe we are sitting in front of a very nice sell opportunity here. Since my trading plan is to attack liquidity levels ( I am not a major bank :)), I am planning to...
M formation at the high of today and prior day. Confirmation with FAST indicator for precision entry with tight stop loss
GBPNZD Daily In #gbpnzd, we're looking at a buy idea. First off the pair has created a sharp but clear enough downward trendline and started to bottom out at major support of 1.86150. We can see a W or double bottom formation forming, we'll have to see if price breaks out of the trendline and start heading towards the upside or create a third leg and then start...
FANTASTIC SET-UP Decent RR, bagged roughly120 pips. Onto the next!
GBPJPY is being reject from the 142 - 143ish level. If you look back on weekly, it's where price played a lot before forming this year's low. Right now, it looks that price won't stay in that area for too long, so I'm looking for that break on daily. Also, in the fundamentalist scenario, we don't see GBP`falling even more (of course it might happen, but...). So...
Ok: We have bullish structure on Daily, despite that triple top; Price is rejecting that strong zone as we have a daily bullish candle there; We've just retested that beautiful liquidity zone; So, I'm looking for entries on the LTFs. IF. PRICE. ACTION. SHOWS. IT.
...but the structure looks beautiful, indeed.
Look, it seemed that we went out of that bearish shot. But the fact is: we didn't, not yet. Price just made a recent new low on the recent price action. So, I'm looking for it to make a new LOWER HIGH so I can jump in sells. Of course, if PRICE ACTION DOESN'T SHOW US REJECTIONS, WE WON'T SHORT IT.
Here's the thing: GOLD Weekly is going up for a few weeks now. Monthly rejected a support, creating momentum. Daily just tapped out of that consolidation area, to the upside. Although I'd say we need a higher low, it seems that the consolidation is acting as such. On the 1 hour that I've marked, you can see the nice bullish market structure price has made....
Will probably exit at the 23.6 fib retracement since it is in conjunction with the key level. A simple look at the lower timeframes will expose exhaustion also. Just my analysis. All trades are actually taken.
In a overall trend, we have BEARISH momentum. Although we had this strong pullback in those last weeks, I'm paying to see the time that GOLD is going to drop. If the above statement happens and before it does, I wanna see Price Action showing it. Do not just jump in trades. Try to analyze the most likely outcome based on your confluences and probabilities. Have a...
No words needed here... 4 hour has been rejecting it for 4 candles already; We are sitting in a small daily demand zone (still a demand zone); Intraday 1 hour starting to show PA for a retracement; We couldn't take yesterday's low so far; Yes, Overall trend is BEARISH, but we are trading a retracement, counter-trend or whatever you liek to call it.
Easy pick here: - Aussie has a clear downtrend as shown in its PRICE ACTION (just look at the highs (blue circles) and the lows (red circles); - Right now, we could be making a new LOWER HIGH; - But, for the previous statement become true, we need to wait for price to show us some reaction on that zone. How ? Well, if we wanna go further up, we have a monday's...
GBPJPY is presenting a very complicated situation so far: -BREXIT non-solving talks; -Weeks of accumulated consolidation; -Setting the bottom, but on a demand zone. So, considering that we have a major support (which coincides to be a nice demand zone) and a beautiful consolidated liquidity range, price might have started to anchor itself there and is setting to...
Following up the previous trade, which didn't show confirmation for buys: - Now, the sooner we test monday's high, the better we'll enter the trade. Although I'm already in with a reduced lot size, let's see what it makes to us.
We all know that we might face another dollar crash in the upcoming weeks/months. Despite the sell off we had past week, I don't believe it's coming today. So, considering Price Action and that we are sitting above a 112ish good support, let's see if we can reverse that monthly candle, considering daily and weekly. Buys scalp to swing with a very tight stop...