WAITING FOR POWER BOUNCE OFF THE 50EMA TO BREAK THE 'BULLISH' FLAG. TARGET IS AT 1HR 261.8 (GR4D) STOP LOSS: 90.600 (currency strength still shows JPY weak against CAD) Daily candlestix & r4d ¬ Bullish
requested by my fellow poster @RonaldAviles EC remains bearish in the short term, wait for price to tell us all it knows about source before presuming to know what order flow is working towards. Price can tell us what is knows. Get close to price, get closer to source.
requested by my fellow poster @mitchell.morris.96 Source based analysis on h4 AU Price is our ticket to source. GET CLOSE to price!!
price tells us all it knows about source. Look to short at completion of correction into continuation low immediate expectation is new structure high however expectation has severely weakened. price has spoken. watch how price approaches 8020 for signs of expectation failure, order flow will translate through price. medium term expectation of a break of 7986...
requested by a fellow poster: Source based analysis on EU M15. Trade with expectation according to what price can tell us about source. Two likely completion areas to rejoin continuation long to retest highs. Order flow is source. Get close to price.
price is overextended suggesting source order flow may be retracting trade open short
Bringing order into chaos
ATR-X SL@0.76376 DRAWDOWN SL@0.76397 TP @0.76673
10.35 RR Excellent Opportunity Pending orders ready for this pair
Setup Timeframe: 4H Execution Timeframe: 4H Risk: 3% Reward: 6% Reasons for Entry: Broke through a daily support, retesting it which aligns with about the 50% - 61.8% bearish fib zone. Reasons for SL Placement: Above the 78.6% level, and well above the broken support, and above the bodies of the recent high. Reasons for TP placement: A little above the -0.27...
Setup Timeframe: 4H Execution TImeframe: 4H Risk: 2.28% Reward: 7.3% Reasons for Entry: Pair is making lower lows, signaling the start of a downtrend after the rejection of the daily 61.8% bearish fib level. There is also an important zone around 1.43616 where price was a resistance, then broke and was a support, and now broke down through it again, should see it...
Setup Timeframe: 4H Execution Timeframe: 4H Risk: 2.25% Reward: 4.56% Reasons for Entry: Pair has been respecting the bearish TL, creating lower highs and lower lows, on the bigger picture, it rejected from a 50% bearish fib level. Set the order at the TL and 50% bearish fib level of the recent move down. Reasons for SL placement: Above the 78.6% level, and...
Liquidity area of 1.05000 (red rectangle) was reached in the last up impulsive move (blue line), breaking the downtrend structure. Since then, a pullback is under developing. We should expect new buy orders around 1.04000 (blue rectangle), and I'm aiming for long term targets as explained on the monthly related idea.
With strong results in the UK and the US the pound has continued to fall against the dollar as people are more concerned over the Brexit rather than Trump, I believe we are coming out of a downward trend and we will see the GBP break resistance and continue up to either the 0.5 fib or 61.8 fib from the trend at the beginning of the month. I believe 1.243 is a good...
USDJPY - SHORT ORDER SET UP / STAGE 3/4 SL: 117.20 ENRTY: BEARISH CONFORMATION CANDLE CLOSE (EST: 18:00 GMT) EXIT: PRICE CLOSES ABOVE MA20 4H trend strategy set up nearing completion, awaiting bearish conformation candle for test of MA20 as new resistance. RULES: SHORT ORDERS 1. MA20 BELOW MA60 2. PRICE BELOW MA20 3. PRICE TEST MA20 AS RESISTANCE 4. BEARISH...
Hello Traders, The market is in a range with price action lacking a firm direction and clearly waiting for a fundamental factor to drive it in either direction. The FOMC meeting tomorrow will be such a driver and we have two outcomes below along with our rationale. Outcome 1 - Rate Hike and Bullish Press Conference - 65% Likelihood: We favour a bullish statement...
EUR/USD Short Idea just less than 1h till close of 4H candlestick. If 4H candle closes below 50EMA Stop Order 3pips below low of the "Signal Candle" Stop Loss 5-10 pips above of the "Signal Candle" TP Previous Swing Low appx 200pips PS Just and idea wait and see the price moving! www.ibrokers.ee