EURUSD - In a weekly downtrend, price has now come close to the .886 on the weekly pullback (Also creating a shark pattern) Price could extend to 1.13 on the shark but as long as the daily closes back below were still good to go short here.
Now price is ranging creating liquidity, I'm waiting for one last liquidity hunt to the upside before potentially taking...
Gold was up over 22 USD but threw most away through the US session.
We can see that the market structure is an upward ranging one thus any gains could easily lose momentum and return to the lower band of the range.
Right now, the price seems to have found support at 1768, but there's still quite a bit downside to reach the range bottom at 1760.
We will be...
BTC has been ranging within the green box for the last two days showing indecision with the next move.
Before this big push, we visited the trend line and therefore I will be looking for trades near the area.
My first trade will be the long with an fvg and trend lines as confluence. The fvg lies directly on the support and therefore I see it returning there...
The gold fell just a little after a very bullish recovery from the week before amid a strengthening dollar.
The gold has ranged throughout the week as it stayed resisted by the supply level at 1795.
The dollar has strengthened through the week on a hawkish Fed to start tapering this year and most pairs against the dollar had turned bearish but gold was somewhat...
AUDJPY has hit the support level after falling in the range
The pair is set to grow to the resistance line after failing to breakout
Await for reversal confirmation for a long position trade.
Like and Comment to Support this idea.
A Bearish Shark Pattern has shown up and is complete at 1.3952 which is nicely seated within the consolidation zone between 1.3947-1.3957.
However, that Harmonic Pattern will not be the immediate trading opportunity. What you can expect on Monday market open will be the sideway bounce setup between 1.3878-1.3799. A double top with RSI Divergence and a 3 point...
We already have double top on H4 n it has been broken, we can take our target to our support zone n wait for reversal patterns or continuous ones since im expecting for it to push down all the way to our support trend line.
I put the call to actions on the chart.
Using a combination of daily and weekly camarilla pivots and the cpr central pivot range.
Wide cpr says that a ranging day is more possible than not as the lower timeframes are oversold
reguardless the stop loss levels are pretty nearby so if it broke up the stoploss is tight.
Breakdown levels also provided
What a great start of the week with BTC giving us such relief! Cannot say we are surprised, as we've called a ranging structure on BTC almost 1 month ago, and it has been doing just that eversince.
I know that the chart is a little busy but pay close attention to every small detail.
- See the range between 32k and 40,5k
- See the descending trendline on the 4hr...
GBPUSD could not break out of support level, price rejected with a hammer on the H4 chart. We are still trading between support and resistance levels.
I will let you know when I identify a clean sell from resistance. Or if price breaks out of one of these levels
GBPUSD SELL. Price is getting ready to break out of its ranging period.
You can aim target for the next support levels.
Sl should be above the upper wick where the rejection was seen.
This trade gives us an amazing Risk:reward ratio.
We had a breakout to the upside from the ranging market but NFP made it come back to the mid-range zone.
Here the candle confirmation is very vital, there are 2 possibilities, price completing the inefficiency caused due to NFP and continue rising or even drop for common demand zone (bottom green line) and make it way back up for the supply.
Anyway, we go long...
Price has a good chance of reflecting from the Demand Zone to reach the Supply Zone.
However, it would be good if we wait for a retest and seek good confirmation candles with an appropriate candle sign.
Never risk more than 0.5% risk per trade and aim for a 2 RR at least, 3 would be better.
GBPJPY Price Analysis
The GBPJPY shows a very clear bullish trend on the daily chart. Tide may soon change as the trend is seen to fade into a consolidation. Price has been ranging between 148.500 and 153. 500
GBPJPY Price Prospects
Prices have been rising and falling between the borders of the Bollinger Bands since the 18th of March. This is quite different...