A simple short 1:1 and it appears bearish to me. Explaining all the complexity is useless, as I would just likely be trying to meet the fundamental human need to feel significant - lol!
Let's just use a few trend lines and control risk. If it works... it works. if it doesn't, fine! No one trade defines your edge. Happy new Year!
Refer to my other posts on waves. But here we can see a clear correction on GBPJPY, personally this can be any wave structure, im expecting some fundamental news to drop this price a bit and then rocket. Or we could alredy be heading up from this level. Retracement levels and target levels are on the chart. Just my view. Waves have been powerful its not even...
XAUUSD D1 20-12-19
Long term structure - Uptrend
Short term structure - Downtrend
Price resisting at superior channel line showing clear loss of momentum
POSSIBILITY: MARKET BREAKS 8530 THEN WAIT FOR CONFIRMATION AND ENTER TILL T1: 8580 T2: 8665
PROBABILITY: MARKEY REJECTS 8530 WAIT FOR CONFIRMATION AND ENTER SHORT TILL T1: 8485 T2: 8430 T3: T3: 8355
Bearish momentum Setting in on higher time frames. Currently in a range on the Daily time frame
-At monthly broken support now resistance
-Top wicks at resistance
-No major support has been tapped into.
Looking for further downside. Trade deal with China is "close" to be finalized..
If we break above 1478 with possible further upside to 1600
- 1500 Target
If we...
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Price has created a double top, will we see price take those bulls pending orders and then reverse?
I do think price would like to come down and retest below areas of interest, but not before a fake move up.
i want to be ready when this pair dumps, we could see some explosive moves here, waiting for Rules to add up.
Scalping the range is something you could do as...
Looking for opportunities.. and I'm encouraged by the wick that was on Friday.
May open a small long position below that wick and then open a larger long position if we can break the daily descending channel to the upside.
Lets see how it plays out.
Gooday Traders! From our Aussie dollar chart, price has been in a descending channel from the weekly timeframe and is currently at (almost) our descending channel resistance.
From the daily timeframe, price has formed a symmetrical triangle which breaks either ways. However, since price is at our weekly resistance, my bias is that price might likely break lower,...
Lately EURNZD had been in an ascending channel. Price has reached the support forming a decsending channel. I'll watching on H4 for further confirmation. Lets see how this goes. But for the mean time this is what im seeing.
This may take a few days to play out maybe the back end of next week but it could potentially be a great trade to the downside.
Will wait and see where price takes us and go from there
Took this trade earlier based on the 4 hour, and the lovely engulfing candle which you can see was my trigger candle.
Was in the middle of publishing when i had to rush off to do something.
Price hasn't really moved to far from my entry point, so i just thought i would bring it to your attention.
In 4mins going to open a short position on GBPCAD
Lovely daily channel rejection.
A lovely engulfing candle on the 4 hour TF just thought i would bring it to your attention
