EUR/NZD has been in a downtrend for a very long time, so we are looking for shorts. Price broke out of a key support level, around 1.65430. We can expect price to retrace back to this level, and we can take a sell after conformation of trend continuation. This key level also is also 61.80% fib retracement level, which adds another confluence for a short around this level.
- the friday is closed below the res 1st by pin bar, it mean reject this level
- the pin bar is nice after strong momentum. the price will pull-back around the sup 1st or test demand zone 1st or 2nd
- Pls review the volume, you can see it's increasing and specially the doji bar. it mean the shaker didn't want the price is go down more, they stockpiling when the...
- H4 you can see the head & shoulder is formed. This is reject the support 1s level
- The volume is increase when the price is strong go down. the shark is kill retailer investor by hunt stop loss around support 1s
- the question is why the price does not go down to test support 2nd, and why the friday is go strong up. because the shark will trap the retailer is...
- Daily Chart in the DaVas Box
- The Down Momentum is trong but pin bars reject demand zone 1st
- Wait big bull bar or bear bar break out this box and follow that trend
We are updating our wave count to the start of a Wave 5 up of an ascending impulse... previously we were looking for a wave 5 completion.
Price retraced to the .236 fib retracement and bounced perfectly.
Our daily momentum is bullish. We received buy signals from our indicator.... but we have entered no trade.
For our trading plan, the weekly PUMBA momentum...
Hello fellow traders in this chart I analyze gold on the 1 hour time frame but it extremely important to know that if the candle sticks do not continue up to my entry buy line I will not be taking this trade. Currently we are waiting for confirmation with this trade. Were looking to see the candle sticks show a strong push off the Fibonacci levels and head towards...
GBP/NZD is now testing its latest support which is now a resistance, so I expect it to go for another push to the downside and test its historical monthly support.
we have a strong bullish trend from 4h timeframe perspective till now so don't rush into short position without enough confirmation for a trend reversal situation in 4h timeframe.
like and comment below...
CAD/JPY is now below its weekly resistance and is trying to break it.
in 4h timeframe we can see the price is above an ascending trend line, if it can break it to the downside we can go for a retracement till our next support which is around 81.
lets see what will happen in this pair...
like & comment if you like the idea😉✌
AUD/USD just tested powerful monthly resistance after creating a powerful bullish impulse and now we are waiting for a retracement at least till 0.382 of fibo level.
like & comment if you like the idea😉✌
Playing with possible rotational behavior if it closes friday's gap/demand zone (green rectangle) and bounces back up. Divergence between higher timeframe value (lower bound of big value area from a month, see cumulative volume at right) and lower timeframe (possible break lower of today's value to clear bad lows, then push back higher for rotation). Target at...
as you can see in my chart we had strong bullish impulse to the upside now we are testing a powerful resistance.
so we expect for a retracement before creating a new higher high.
in 4h timeframe we can see a triangle structure...
If we follow the basic of Elliott wave, the dollar is already forming its 5th motive wave in the weekly timeframe.
Last week, the dollar fell into a consolidation in the midst of the 5th motive wave.
Apparently, this is the 4th corrective wave in the H4 timeframe and that means it will be forming its 5th motive wave very soon, probably this coming or the...
Explicando sobre ambiguidades de cenários e como definir qual estratégia é melhor, seguir um rompimento diário contra tendência ou verificar o contexto e referências mais recentes/maiores?
