Head and Shoulders formation on the 4H chart. Waiting for price to break below the neckline at 1287 for an impulsive move lower to 1218.50-1220 level, which is previous resistance and then head back up break the 1400 multi year resistance. Also the selloff can be attributed to end of quarter dollar flow coming in, strengthening the dollar. Main risks for this ...
Triangulo ascendente en diario. En 4h con ayuda de la noticia llego más rápido de lo que se esperaba a esa zona de trendline, trazando retroceso de fibonacci del punto mas alto bajista, veo que la zona del 61.8% coincide con ese soporte marcado por lo cual esperaría a que llegue a la linea y trendline diaria la cual por el momento no ha sido testeada desde el 3 de...
Just a Idea, Not for fun Ratios and Relativities! Fine more? Resistance and Support Ranges are shown on the chart. The Main Battle in on the Battlefield In Case of climbing $8,200, the next Target is 10000$ Otherwise the range of $5,500 - $4,000 will fall Finally this year will reach over $20,000
*Hello traders, I make this chart because I see that all Indices were pumped after the US election and Italy referendum. *In my opinion this is a bubble that will eventually burst when Donald Trump official came president of the USA. *Entering 10950 - think that is a good LVL to enter short because 11000 is a psychological LVL like 10k 12k 9k ect. SL- is 1/5...
Here , market gives us only Daily levels. Okay , we will trade around them only. However , we are in triangle pattern . Indecision in the markets again. It's very risky to trade in that kind of environment. Market can do anything. You must be very cautious. If we go long , we will be stopped soon , If we go short , we will be stopped soon. So we just chill out and...
Indecision. Triangle. Range. Which direction you choose to trade ? Up/Down ? Right answer is no one !!! Market is indecisive. When that kind of conditions , stay away. It's best for your account , as to your mind. Wait for clear break in either side and then decide which direction market is likely to go.
Market is telling you to wait cause there's no clear direction , If you trade , you will lose. It's that simple. Try to not trade instead of observe and think over price action. When opportunity is there , Ride it !!! Wish you great weekend , no trade executions on Friday , Wait for Weekly close :)
SMLISUZU Nicely Breakdown channel waiting to pullbck for sell entry or you can sell it now also
New Zealand Idea , I was thinking about waiting for weekly close and then decide whether to enter short or long !
Still in bullish trend , no shorts before break of trendline and hold below with bearish rejections of Highs.
I'm thinking about getting short a bit higher. Maybe I want to trade for Weekly close lower. I wait to see price action around this exact level , Daily Support and see what's going on in there. Then if I see Rally or something like that plus rejection of it's highs , I will get in short. Guys , you need to know that you cannot write your strategy down , it's...
It's already trending higher . If risk is not good , pass the trade , do not try to fit anywhere. I don't know what will happen , I just observe what is happening right now. Market can crash 1000 pips anytime , so don't try to predict. If you bias is no longer valid , get out of a trade or just stay away for extra confirmation. It's better to miss a trade than to...
Aussie is amazing these days , It shows very nice trading opportunities. A lot of people are trapped here however. No reason to sell this pair for now. It can be sold only higher. We are on Major levels which show us strength. I currenthly anticipate higher prices next month . I'm waiting for more confirmation from Monthly close , If needed I will wait for Weekly...
Strong trendine broken , 2 times Test , Continuation higher making NEW HIGHS , forming something line Inverted Head&Shoulder , wave analysis can be put into consideration here too , a lot of opportunities around Alcoa are anticipated. I'm flat , out of this market for now , Thinking and Observing Price Action , Do the same , Do Not trade , stay and observe , watch...
Probability for short . I want to see weekly close however. These days market is so indecisive. Most of the trades are stopped by Spikes , better to stay out. It's possible for USD/CAD to go down , up as well.