After almost 5 weeks in a ranging market, GBP/AUD looks like found its direction.On 31 August a new Lower Low was created and market pulled back on 61.8 fib retracement and liquidity zone and daily resistance. Looking to find short entries on this pair and ride it up to -0.27% extention. #tradesafe
EURUSD overnight set the stage for a high probability sell on the higher time frames. Although EURUSD has been in a uptrend of late we had a few factors that led us to believe we could see EURUSD move lower. These factors include the following. 1. We were looking at the 1.2000 big figure level for a while as this level in general could be a strong psychological...
Taking a look at the 1 Hour chart on Gold, it has gone through a sharp drop since breaking its record highs above the $2000 level. Currently now the price in Gold has pulled back higher from its sharp recent fall and is trading in an ascending channel. This Channel has completed a potential larger 3 drive bearish pattern in the process. Why we like this pattern...
Gold on the higher time frames has been in an ascending channel after its parabolic rise of late. Many traders are hoping for it to get the the $2000 mark which can make for exciting times for the yellow metal but as traders we shouldn't get caught up in the emotion of this occurrence. It's easy to jump into a move too early especially when we have a bias for any...
Price may find a strong support on trend line. Strong bullish momentum after price finds support. Profit targets-1.25132 1.26215 1.27442
Price has recently been on an up move Price is at a consolidation box A break of the consolidation box will dictate our next move. A break with a close above the box will expose us to a buy and take profit at the resistance trend line
I have set a low leverge long at 7800 good luck everybody!
Resistance thwarted GS price action, causing the stock to retrace. It is now shifting to a sideways price action with common gaps.
Weekly market breakdown covering DXY, EURUSD, AUDCHF, AUDJPY, AUDUSD, CADJPY, EURAUD, EURJPY
Stop loss 82.985 Take profit: 80.705 The pair is very squeezed on the intraday timeframes & the weekly is showing exhaustion backing up the confluence for the short.
The case for the bearish rising wedge strengthened today as a bearish hammer has now formed off of the upper channel of the rising wedge. This market has been very strong as of late but the overhead resistance, rising wedge, and now bearish hammer should not be discounted. I think risk is to the downside right now (higher probability) unless price as able to...
Here is another look at the rising wedge but this time on /NQ. It is nearing the apex so I would like to some a break out in either direction soon, and I think we will. This is a pattern has bearish implications. It goes without saying, but anything is possible. Still, I am not discounting the bearish pattern.
FEDERALBNK - Bullish Trend, Monthly - Previous bearish Trend - Monthly Stop Loss 75.70 - It is downtrend for short time, right now it is at resistance level ~ 84.95 - The expected target is about 110 price Weekly - Downtrend channel of about 17 pips - Expected to cross at 85, if weekly close is above 85 then it is BUY - The next immediate target is...
Indoco Muhurt Trading : Expected to go long after Fib Retrace Muhurt trading
Wait for market open to make sure fakey pattern in daily chart appear. Long term sell and take profit at 1USD=1EUR can be possible. I always use supply-demand strategy and price action to know which possition should I entry. Remember stop loss at resistant level to save your money. Enjoy your time with Donald Trump.
DAX has formed a descending wedge on the daily chart. Reversal points are indicated by the arrows. Now, as the DAX approaches the trend line resistance, we're prepared for two outcomes. Reversal or Breakout ? In either cases, we will wait for a confirmation on the lower timeframes. Minor S&R levels (dotted lines) indicate, how price will likely...
Waiting for a breakout of the triangle pattern on the 15- minute- chart. Entry (Buy Stop) above recent swing high, SL below minor low, TP below Major Resistance level.
This is a Re-post-As 1st Chart the Short (SL & TP) Position was put in reversed. Actutal Trade is done vis OANDA account - FYI We make analyse from Price Action / Price Pattern , S/R lines & Trend Lines EXPECTING a BIG PRICE Movement Down..IF analyse is on target !! > 1. For AUDUSD approaching Trendline S/R formed since 2002. Remember TRADING is never...