weakness of an uptrend. waiting for a divergence in RSI before taking any short trade.
Nzd Chf currently on its way north we have qm area + a supply zone in front of us and i would like to see some PA right into the zone to look for a short with first target at flip zone and second one at swing low if price is able to break the flip ... in case we break the qm and absorb the supply we need to readjust the plan but so far iam a bear if we arrive at...
after playing Ping Pong between 2 great respected QM zones on daily chart we break through the upper qm zone and now using it as support area... for me its more likely that we go further in trend dircetion so i look for a long entry here ...the thing i dont like is that we tested the broken zone from above several times now and iam a bit afraid of the fact that...
i see supply in the marked area and look for a short here ..we have slightly engulfed the base of the last upward push giving us a sign that market i likely to go lower soon we have also qm structure but due to the upper supply level i see i expect price to break the qm entry level to the upside before going lower
as price broke a 3 touched trendline and market structure as well it formed a demand from a RBR move ...i now waiting to a comeback to this area for a long in direction of the upper flip zone .... this is the htf idea .... ltf set ups are always adviced due to tighter stop bigger RR but if u have just limited time or you simply love the htf swings you can also...
We see a Eur cad hitting support + qm area after some nice bearish move ... i expect a bounce to the upside (ltf entry for nicer RR or HTF entry for stressless trading) plan B would be a break of the zone and retest from below to get in short .. observe the candles when we hit or break area and let them tell you the story ....listen Carefully ;-)
h1 Quasimodo zone for nzd jpy lets see if we can get a quicky ...bad thing is we are retesting a broken qm zone from h4 tf ...so we are trading against trend ..lets be quick in and out no tricks ..waiting for candle confirmation to enter ...
on daily tf usdcad reached daily qm zone with potential for a long trade here ... plan b is a break of the zone followed by a retest from below for a short waiting on candle confirmation is adviced
Hi guys! Yesterday I posted a sell analysis for GbpJpy, it went TP 137.500 for short term trading. However last night pound was bullish due to decision of the Brexit moved to 12th December 2019. In timeframe H1, Diamond QM is forming! So we look buy and can TP at the Supply Zone. Buy @ 140.00 SL 139.750 TP 141.00 Goodluck!
Washed and reclaimed support with a QM. Third drive target.
Saudi Arabia complained that it can’t remain profitable with oil prices this low. Trump bows to Saudis Arabia, and might fix their problem. Just an idea- as these all our. Not financial advice.