Just shorted the EURUSD on the 30min chart from the green thick line due to multiple confluences both on the higher as well as the lower timeframe.
Looking to take a 2:1 on this one.
Good luck!
Here you see we are coming out of a zone of consolidation after failing to stay above the 50% retracement of weekly levels, have a H&S pattern on the weekly as well, 4H, D, W MA'S crossover for bearish sentiment and acting as resistance on 4H as we approach this monthly support. I am looking for a retest of the blue zone for a clean entry with a great risk to...
GBPJPY has retraced to a 30 minute supply area.
The newly established 30 minute downtrend and the broken uptrend (red trendline) indicates that the higher timeframe's (8hr, originally from a 2 day chart) gray supply area is holding and that sellers are pushing down from this area. Hopefully we can get a small bounce for a 1:1 Risk:Reward, as indicated on the...
Surprised nobody has pushed for this idea already.
Programming languages usually have a means to pass global data from one module (in our case an indicator) to another.
Pinescript has a hint of this when we can write a script that allows one input statement that can pull the plotted series from another script in the same chart.
i.e. a script that contains : x =...
The technical analysis, that is analyzed according to my trading strategy, shows there are multiple short signals on GBPCHF daily chart. Also considering the fundamental aspect, there are currently some uncertainties around the Brexit and the future relationship between Britain and the European Union, which can strengthen the theory of a stop to the gains.
A bat...
higher time frame is showing defined uptrend with an over-extension on breakout pulling back
mid time frame is showing markup to distribution to consolidation for the next leg down
descending triangle is forming against downtrend line and multiple test of support is showing weakness
possible breakdown to breakout level of 55.7x on higher time frame- first level...
Nice high probability , multi argument short opportunity on the daily. In line with a short trade on EUR/GBP that I opened yesterday.
Euro showed some strength since the first round of the #frenchelections2017 and the US dollar surely suffered after the #Trumpleaks. These fundamental facts pushed the EUR/USD with some significant momentum into an interesting...
Multiple scenario's drawn out for EURJPY. I myself haven't traded EURJPY a lot, but the orderblocks seem consistently promising at the moment. It could be that the monthly support is going to cause a stronger bounce. The strength of the bounce shouldn't matter. Reconsider your options at every 'crossing' of the arrows representing potential orderblocks. I'm...
