The ENTRY/TP zones are your entries as well as your exits. Everything above the current candlestick is resistance, you would treat every zone above as a sell/potential buy break. Everything below the current candlestick is support, which you would then treat every zone below as a buy/potential sell break if it hits the pip rule. More info on the strategy and how...
AUD/CAD: • If price corrects and a tight one hour flag forms, then I'll be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair.
As we all can see on the 4H chart that the British currency made New Lower low and went up for a Retracement and retest as we expected and from that perspective we can make more sell positions for more downward momentum on the 4H and the DAILY charts we think that the British currency will witness more decrease in the prices in the coming weeks therefore we...
Recap: FX:USDCAD made some strong strides down, while ending with strong bearish candles this Friday. It should be expected to continue next week possibly starting off with a retrace and possible retouch and continuation. Strategy: Red : If price decides to not continue, but rather make another strong bearish run. Then I will wait for a pull back or for price...
Recap: FX:EURUSD flew downstairs Earlier this week!! but then spent most of its time ranging and retracing. We should expect a strong pull down. Strategy: Red: If price does not provide a trade setup in the retrace zone. Then I will wait till it breaks the current LL and look for a retrace or new structure to enter with a continuation pattern(Bearish engulfing...
Recap: USD JPY made some bullish progress, while ending with strong bullish wicks this Friday. It should be expected to continue next week possibly starting off with a retrace and possible retouch and continuation. Strategy: Red : Wait for retrace to previous high. Wait for continuation pattern on that level. Possibly Bullish engulfing candle or Morning...
My analysis for the Euro against the American dollar for the long run is we are going to see a very strong and Bullish momentum on the European currency after the wave of Retracement ends I expect that the prices may stop and end the Bullish movement at the levels of 61.8 FR of the Bearish wave at the numbers of 1.12900 we better watch for a price action from...
Good morning guys and girls. So I didn't create a forecast yesterday for today because it was my last day with my mum down in England who's going through a difficult time at the moment, so I wanted to spend some quality time with her and help with a few things before travelling home to Scotland which is what I'll be doing in about four hours time. The good news...
USDCHF is presenting a change in structural bias with the breaks of trend and now previous structure. Will look for evidence for price to continue bearish today and early this week. GBPAUD is seeing continued Aussie dollar strength from last week, compounding with GBP weakness. Hopefully price can break this level being created in a descending triangle for sell...
List of confluences: 1: Weekly chart breakout and chart in market structure. 2: Weekly and daily Chart short to medium term trendline breakout. 3: Potential Head and shoulder formation on daily chart Summary: When we look on the weekly time frame, we can see a clear bullish market structure change and breakout. Usually after such a strong breakout we tend to...
Good morning all, I hope you're well. So I took yesterday off to go trout fishing with an old school friend of mine since I'll be travelling back home to Scotland next Tuesday. I don't normally take days off during the week, but being able to do so if I want to is one of the things that I like about trading for a living and about being self-employed in...
Good morning all, I hope you're well. So I took yesterday off to go trout fishing with an old school friend of mine since I'll be travelling back home to Scotland next Tuesday. I don't normally take days off during the week, but being able to do so if I want to is one of the things that I like about trading for a living and about being self-employed in...
Hi guys and girls, so because price broke our lower rayline impulsively I won't be trying to catch a falling knife, I'll instead be waiting for confirmation or as much as we could wish to see that the market actually wishes to retrace and that confirmation is as illustrated and as explained below... NZD: • If price pushes up, it does so impulsively a subsequent...
EURUSD has been on a downtrend for many weeks now. With a visible trendline with three touches that all regected. Possibly expected to reject once more. As of now a sell bias is likely to happen for next. Just waiting for the perfect time to enter. Patience is key
Good morning one and all, I hope you're doing well. So the good news is that late last night I booked my train journey back home to Scotland. So on the 5th of October I'll now be returning home, meaning that from the evening of the 5th of October onwards I'll have access to a reliable internet connection again with a substantial amount of bandwidth. Meaning that...
welcome trader in this tutorial i am trying to you how to toke the best trade. first of all select the best pear than analysis pastern identifying the pattern and toke the trade that's is simple like eating water. Don't forget to follow me CZ i will up lode in the future more ideas that will help you to understand more. That's all for today having a best...
4H presents a double bottom with a break above previous structures and a retest for confluence.
now AUDUSD still bearish, we can see the trend in Timeframe 1H still bearish. The market now make Lower High in My Sell Area (Trendline, Fibonacci) if the market hit my area, I will waiting for the last confirmation ( Rejection ) and go Sell ! don't forget set your Stop Loss and Take Profit to secure your capital, and 1 : 2 Risk Reward ( Always ) simple and...