double top lower high (moolah) huge fat wick rejection and engulfing on 15m fib reject the sweet spot 5-618 and text book move to the -272 extention textbook textbook very nice trade
happened right after 8:30am EST news gave us a good push up and wick rejection on the resistance zone bear engulfing on 15m and double confirmation on 30m with RRT as well as 1h gravestone doji that later confirmed as well also right around 70 RSI on 15m in a tight range, sell res buy support keep it simple risk reward near 2 depending on entry and TP the setups...
Trend is down since beginning of week Beautiful market structure, drop base drop, over and over clear break bears in control after high tf strong bear close outside zone ready for another push with NY/London cross volume
Just a beginner stepping his foot into the forex world. I marked up the charts and wanted to add my 2 cents in on the idea gold has a strong uptrend line of support & resistance thinking it will hit its peak sometime tomorrow or next week tuesday due to the holiday. Correct me if im wrong or add you're 2 cents in ! Thanks guys, may the pips be with you. Happy trading!
RSI SIGNALLING OVERSOLD ON DAILY. AT MAJOUR SUPPORT LEVEL. TESTIN OF LOWER BOLLINGER BAND
AT 61.8 FIB LEVEL. RSI OVERSOLD 4/1H. UPTREND ON HIGHER TIME FRAMES. TESTING OF LOWER BOLLINGER BANDS!
Whats up everyone?! Today it looks like we have a inverse head and shoulders forming on CAD/CHF on the daily chart. Seems like we are getting some resistance at the .256 fib extension level if that holds be looking for a strong bullish candle closing before entering long. However what I'm looking for is a further drop the bottom shoulder area. (I've got a sell...
Theory~ Dollar yen has ended 2018 with a Hail Marry to the down side, possibly signaling the momentum and direction for the 1st quarter of 2019. 1st play of the year, appears to be a deep pullback after hitting a major support and resistance zone. We could easily see price pullback and try to regain the 4000+ yardage lost in December, but with this pair...
120 pips total 80 from top of second high 40 from the retest of neckline This is the text book M formation/double top, a scalp trade turned swing trade Take note of the psychological resistance level as well The hanging man in London, the drop in NY, retest of neckline and complete the gap fill in Tokyo Beautiful trade Basic candle stick pattern, basic double top...
Hello everyone. This is the first analysis I share. GBPNZD broke a very important trendline (you can see it clearly in H4). It has created new HH and the previous resistance became support. It did a fakeout thought but the trade is still valid. I expect the price to reach the next resistance in the zone of the 1.8600 ( 87 pips until then). But overall. I expect a...
Simple PA Analasis. The trade is risky because we still need a correction to the last upmove. TP is not too far away as I Always want to secure the Profit as soon as possible. Goal is to get the sl Pretty fast to BE or close part of the Position in good Profit. Lets see what the market brings ;)
The world is going against GBPNZD and a heavy sell bias has formed. Unfortunately, the masses are usually wrong. I heard a quote that states, "there is a highway to hell, and only a staircase to heaven." Meaning don't follow the crowd. In the case of GBPNZD, I feel there will be a bounce over the next 2 days. This bounce could be any where from 50 to 100+ pips....
Hello everyone, In this tech analysis I see a long term cup and handle formation that has finally broke out. We need to pullback to our new found support (highlighted in green) and I will size in for a long to 115.25 and beyond, looking for an easy 200 pip+ long term play. What do you guys think? Entry: 113.00 Stop: 111.75 TP1: 114.00 TP2: 115.25 TP3:...
GJ (GBP/JPY) Technical momo setup +62 pips in 30 mins in my momo setup made +62 pips in 30 mins intra-day trading after release of economic calendar even it's release GBP is negative/bearish and JPY is positive and bullish. Oversold os levels in vwap and momo stochastic crossover and reversal of momo squeeze, bounce back below vwap levels. High volume and...
Looking to so short on USDCHF when a sell signal seems visible
We have seen a big drop on UJ, forming a bullish butterfly. We just had a hourly engulfing candle to the upside. Looking for movement to go up, RSI is also oversold. Stoploss is 50-60 pips. Targets are labeled on chart. *Risk management is KEY!
OANDA:EURNZD Short on structure break If the price pulls back up to previous high, short from there instead (upper purple rectangle) This trade will take a while to end Look to add to position during consolidation periods/breakout to the downside
Our analysis from last week has us watching this pair closely along with others. We saw a break of a long Daily Uptrend Trend line, break of 200 EMA and retesting both while forming a 2x Top at 61.8 FIB with bearish divergence on the 4 Hour chart confirming our entry. We are currently up 40+PIPS on this trade and holding it over the weekend. We are pretty...