Good Morning Traders! Sorry about the lack of post yesterday, I will make it up to you with an in-depth post today. Currently we are in a daily downtrend leaving unmitigated ranges on the way down-these should be filled for efficient PA to continue. We are also in a 4hr selling range as seen by the overall red box, I have marked 2 ranges that have yet to be...
supply and demand daily view for eurjpy pair for target 1 at 130.500 level and target 2 at 132.500 level
Hey traders, Here is a great breakout trade that I caught on AUDNZD this week. This trade is based on a bearish breakout of a major daily key level and its retest. Original post - Retesting the broken structure, I am always looking for an intraday confirmation (reversal pattern on 4h/1h time frames). On hourly time frame, after some fluctuations, the price...
As you can see the market has just opened now my prediction is we will continue the upward motion on this specific currency. If you open your bigger time chart to the D time chart, you can see we are heading up to the structure zone( orange box) which is another one of my predictions. Time will only tell. Patience is key!!! Stop loss:16 pips/ .13% Tp1: 66...
I have been following this trade for a while. However, I do not see. my self as a master trader so take my idea with a pinch of salt... In contrast, price may try to retest the light blue line for the next few hours, maybe even until early morning Great British Standard time. But, it will be unable to break that line. Most traders will be going in with a...
SO, this chart may be a little hard to read. However, price may push up to the blue dotted line or the dark line before dropping. In contrast, as soon as price breaks the yellow ascending line... SHORT SHORT SHORT!
As you can see, we are heading up for a long position, if you have a computer you can see on the daily time chart that we are heading in an upward position. A bullish flag is formed. Pips to be grabbed ladies and gentlemen
touching floor of descending channle with daily demand zone for long trade
a massive retest coming up... might not get down to that level however, in the next few days you will see a lot more of hawkish motion from gbpusd UNTIL THEN SELL SELL SELL
The Dollar has derived little or nothing from the hawkish leanings of Fed’s Waller who argues that with inflation running well above the 2% target an announcement on taper could come in September for an October start, and the FOMC should do it early and fast in order to be in position to increase rates in 2022, if needed. In fact, the Buck is still on the back...
The Yen is gleaning traction from a relatively favourable yield backdrop and fragile risk sentiment to offset Japan’s deteriorating COVID-19 situation. Finally a continuation to the downside has occurred with the potential now to continue into fresh lows. 127.50 would be a nice landing spot over the next week or so.
As you can see, we are in a bullish flow in the crypto currency. We are heading back for our resistance at 2848.10 let’s catch some pips ladies an gentlemen. Take profit: 2843.74 Stop loss: 2553.65 Reward.- 218 pips/8.33% Risk.- 71 pips/ 2.72%
The wedge is my favourite setup to trade: WHY? - Sniper entry (Low risk:reward ratios!) - High probability setup. - Indicates market is preparing for big move to up or downside. Important to practice patience with this setup. A lot of fake breakouts can occur. Recommend waiting for the break and RETEST CONFIRMATION! On a higher time frame. Overall bias is to the...
As discussed in previous posts, our Tp3 is hit. patience pays ladies an gentlemen. Handful of pups grabbed. There’s a piece of the pie for everybody. now onto our next profit move. FIP
Gold H4 I have to keep this one going really, even with the US data last week causing some big downside wicks (stoppage likely), support still ended up holding and our market close and open was there or there abouts with the bottom of our support price. Simply looking to buy from support and sell from resistance until we see a very clear break of this orange range box.
As I set my stop loss & take profit, we continue to strive towards my long position prediction. A good handful of pips to collect ladies an gentlemen: Tp1-2174.95 Tp2-2280.43 Tp3( golden egg)-2382.42
EURAUD has been in a slight up trend since March this year. We are looking for an option that follows the growth trend of the euro. Resistance at 1.5875 becomes support from July 16th. The trend continues. 100 pips above resistance at 1.5975 becomes support from July 19th. The trend continues. Fib 0.236 was not observed as well as Fib 0.382. A suitable possible...