The price had a nice reaction from the daily support as I told you in my previous analysis on 0.8$. The price could retest again the 0.786 - 0.886 Fibonacci level on the 4h timeframe and got a rejection. a RETEST is NOT ENOUGH for a short position, the price needs to satisfy our rules How to approach? IF the price is going to have a reject from the key level, ...
AudJpy Bullish long-term trend analysis for the daily timeframe.
Since we last covered Euro Dollar in our Timing is everything! piece, the pair has traded lower, playing out exactly to our assessment and hitting both of our price targets. However, things have changed quite a bit ever since. Inflation has skyrocketed in the EU and the ECB seems ready to start playing catch-up on rate hikes. Looking at the charts, the Euro...
Good morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a EUR/JPY Sell. Enjoy the day all. Cheers. Jim
In the 2 hour timeframe, we can observe BTC is very close to a support zone, and it also shows the volume is decreasing as well. This shows that sellers are getting uninterested, and will most likely switch sides. Also, this descending triangle's resistance line is dangerously close to breaking out, meaning in the near future, we can expect BTC to pump all the way...
The price is creating a rising wedge on the 4h resistance after a bounce on 0.4$ on the 4h support. As you can see on the left the price created an M pattern and the price retested its neckline as new resistance. How to approach it? IF the price is going to lose the current support and retest it as new resistance, According to Plancton's strategy , we can set a...
Good morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a GBP/AUD Sell. Enjoy the day all. Cheers. Jim
Intraday view for Credit access grameen ltd for tomorrow Resistance area 1035-1040 Considering above for a buying opportunity with strict sl and risk reward consider 1005 area is having a support.. below that fall expectation Considering above for a buying opportunity with strict sl and risk reward consider
Hello traders, GBPUSD is my second choice to sell. It is not a perfect chart to sell yet on 4h chart even though it got a double test of the lower resistace dash line already. Will check this line again in LONDON session to see any signal to open sell. Otherwise, will check higher resistance zone to see if a fake breakout happens up there to make a strong...
Hello guys! it's been a while since I've posted to refocus my entry methods. Currently we are looking at a resistance zone. Personal view is that Volume is low and there's a good possibility of going back down to support zone. could see 113.20 has been rejected twice, so am taking a short position with 1:3 RR and shall see how it play out!
Good morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a USD/CAD Sell. Enjoy the day all. Cheers. Jim
Hello everyone, let's take a look at the BTC to USDT chart over the 1 hour timeframe. As you can see, price is moving above the local uptrend line. Let's start with the designation of the support line and as you can see the first support in the near future is $ 20,894, if the support breaks, the next ones are $ 20,237, $ 19,722 and $ 19,242. Now let's move from...
My view is bullish for next week it this resistance is broken This is a strong support zone in 15min and in daily time frame
The price got the liquidity below the triangle, and now the market is testing the dynamic and static resistance below the 0.5 Fibonacci level, it's a key level. How to approach it? The price needs to create a new Higher High from here, and retest the current resistance as new support, According to Plancton's strategy , we can set a nice order ––––– Keep in...
Hello everyone, let's take a look at the BTC to USDT chart on a 1 day time frame as you can see the price is moving along the local uptrend line. Let's start with the designation of the support line and as you can see the first support in the near future is $ 20,779, if the support breaks down, the next ones are $ 20168, $ 19,689 and $ 19,198. Now let's move...
Hello everyone, let's take a look at the 1 hour BTC to USDT chart as you can see the price is moving along the local uptrend line. Let's start with the designation of the support line and as you can see the first support in the near future is $ 20,761, if the support breaks, the next ones are $ 20,572, $ 20,413, $ 20,277 and $ 20,557. Now let's move from the...
I do analysis in forex market, stock, etc. I am using Price action Trading Strategy which have 70% accuracy and I do trading with this strategy, I draw support and resistance with trendlines to see the market movements in future.
Hi Traders, Looking at the DAX today. On the Daily, we see that price has flipped from support to resistance and we are ranging between the 1245 and 1480 price levels. Dropping down to the 4-hour time frame, we can see that price is descending and broadening out. We do have divergence across the MACD which helps give a bit of confluence to some potential positive...