Yesterday's candle close within previous candle range. I'm biased in trading long. 1. Inside day candle. 2. Currently on a demand zone resting above weekly significant support line. 3. Price has been consolidating bearishly. 1:3 risk reward for this trade.
We just want to share our long term view about EURUSD. We show some key levels. This is how naked forex technical analysis looks like with no indicators etc. Just follow the trend. LH - Lower High LL - Lowe Low Have a good trading week !
Bearish Gartley in progress already activated now at level 1 consolidation. Expect up move and back in bearish trend. Price at important fib level. Trading in between the two zones established. Target and Stops around the zones
Hello! We have good opportunity trade in the nearest future on EURUSD Daily Chart. It's VANILLA PRICE ACTION ANALYSIS; key support and key resistance level (here we have wide resistance Zone!). Just waiting for a price action formation in key resistance zone to short EURUSD. Good Trading!
- EURJPY made a jump of 80 pips in 4 hours. - Waiting for Kangourou Tail to form with a high above .786 retracement and close at or below the retracement. Or, wait for Big Shadow to form - RSI is overbought Entry : - Wait for Kangourou Tail or Big Shadow to form then put sell order below the low of it Exit : - S/L above high of Kangourou Tail or Big...
This is quite a time to be alive folks, as we have a beautiful bullish butterfly forming on the 4hr chart. No kidding. And to further confirm this reversal, we are also hitting daily support. You're welcome.
USDJPY prints a perfect classic stepping-like downtrend. With just a naked clean chart and a simple understanding of price action trading, you can easily spot high probability entries. Now price is hanging on key level resistance and we few bearish candlestick signals. Lately the market created a pinbar and an ideal entry is 50% range buy limit entry on the pinbar...
Daily-Hourly SD Analysis for AUDUSD Learn naked Forex Trading 5 days a week by live mentor: www.imlfx.club
Since mid 2015, USDJPY has seen significant declines--recently hitting the 104 handle. With that said, there is no indication of any kind of slowdown or potential reversals to the upside given the recent impulsive-corrective structure on the daily to intraday charts. As seen on the chart, the red boxes highlight the impulsive moves that consistently create new...
High probability with many confluences to the naked eye, 4 hour price action will bounce of the 38.2 FIB zone or the daily resistance if broken the 238 FIB and then continue the downtrend, creating a short opportunity.
Multiple confluences such as; Higher low not being projected, Lower high being projected, the weekly timeframe bearish candle has engulfed the last bullish and almost the previous one before that, weekly price action has bounced and retested off the 618% FIB possibly stating that the previous uptrend has reached its exaustion point.
Depending on wave structure we've come to a point where we could seek for opportunities to buy.Im looking to go long if the black trendline breakouts and gives us bullish signs.My target would be the 1.2740 area.Trade at your own risk, this is just a view which may not occur.
Since late January, USDCAD has seen a significant counter-trend move to the downside after a sizable bullish run. On it's way down, price briefly found support at the 1.3390 handle (the first blue box) before breaking through it shortly after. After breaking through to the downside, this level got retested twice (the next 2 blue boxes) and met significant selling...
EURUSD has formed a series of impulsive and corrective moves that shows us exactly how much power the bulls currently possess. To clarify, impulsive moves tend to be "strong and fast" while corrective moves tend to be "weak and slow". This directly correlations to the strength of each party's hand. The bulls are in control right now. The push from the bulls are...