Do your own analysis ... Dont Forget Moving StopLoss At Breakeven Disclaimer! This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. You must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone....
Hello ! Key points: Triple bottom Rejection at support Spike in volume That price rejection actually tells us that people were afraid and panic sold at open, driving the price down until it encountered some buying pressure and price went back up. When gauging this candlestick pattern, it is important that : It is at a support level Occurs after a...
Possible price rejection at the zone, scalp and intraday trade
USDCAD H4 - TWO POSSIBLE SCENARIOS this pair is trading inside this green channel, so we are overall bearish here. price is now sitting around the upper green trendline and orange resistance, so we may expect a downward movement from here unless price breaks above the orange level 1.4200 upward aggressively, then an upward movement till around 1.4650 would be...
This is a full breakdown of my perception of price action on higher time frames! I take my entries using smaller time frame confirmation and you should, too. If you have any questions about this trade or my strategies feel free to ask them in the comment section below! Let’s make some money together!
AUDCAD Potential Bearish Movement we are waiting for a momentum candle close below 0.890 to sell this one Reason: 1- Regular Bearish Divergence on MACD (in red) 2- Objective Wedge Pattern (in blue) 3- Resistance / Round number in purple 0.910 Three confluences are enough to consider Selling AUDCAD, after a break below 0.890 (in gray)
As seller's pressure rejected the price from breaking the resistance zone, we a cool to go short.
If we see USDCAD rejecting the resistance zone on the 4h chart, we can look for short entry confirmations on the hourly chart.
USDCAD has reached the 1.38600 support zone and is showing signs of rejection. If bullish candle closures remain then I can see buying at these levels should prove profitable. There is a 1hr bearish trend in play (trendline shown) so watch for price reactions there. If that TL breaks to the upside then 1.40200 and even 1.42500 could be achieved. The dollar us...
On the daily we hit the daily supply of orders to short. This morning we saw an impulse and rejection wick. The daily has formed a big rejection wick. Looking to the downside Swing trade target 1 = 1.22 Target long term will look to be 1.15.. however short term target [ supply is strong and will have a retest zone around 1.246 we can see however, GBP is overall...
This is a full breakdown of my perception of price action on higher time frames! I take my entries using smaller time frame confirmation and you should, too. If you have any questions about this trade or my strategies feel free to ask them in the comment section below! Let’s make some money together!
1.Resistance rejection 2.Break-out 3.Possible H&S #TRADE_WHAT_YOU_SEE
EURUSD Potential Bullish Movement we are waiting for a momentum candle close above our gray zone 1.0895 to buy this one Reason: 1- Divergence on MACD (in red) 2- Objective Inverse Head and Shoulders (in orange) 3- Support Zone from Daily Three confluences are enough to consider Buying EURUSD, after a break above our gray zone 1.0895 ** meanwhile, this pair...
Ethereum - ETHUSD Potential Bearish Movement we are waiting for a momentum candle close below 185.0 to sell this one Reason: 1- Regular Bearish Divergence on MACD (in red) 2- Objective Trendline (in blue) 4- Supply / Round number in purple 200.0 (in purple) Three confluences are enough to consider Selling ETHUSD, after a break below 185.0 (in gray) **...
We took shorts as the zone provided multiple rejection wicks on the hourly. We zoomed in to the 30min zone and awaited to see the rejection fake outs. The Supply showed good rejections plus a strong order block.
been rejecting trend line consistently as it broke the uptrend and created the down trend rejecting of multiple spots to create the down trend , looking to take this the bottom trend line to create the 3rd touch .
We've been trading in an upward channel for roughly 42 days now. We're now approaching the .618 fib level of the last peak which is roughly $8k, which lines up with our longterm resistance zone as well. I wouldnt be surprised to see a move up to there before a pullback, but keep in mind we could trade up to the upper end of the channel as well considering it's...
EURGBP is rejecting the support level so I think that price will move up to around the resistance level