Nice entry caught on the 1/5 Minute time frames. We have a break of structure on the lower time frame. 1H chart indicates that the desired take profit level should be at around 1.048. This is a nice 1 to 18 risk reward ratio with the acquiring smart money concepts. Should land a big win here.
It is believed that the Federal Reserve is letting the stock market crash in order to bring U.S. inflation under control. It was a challenging week for the value of Gold which plunged on Monday to $1,787, its lowest level since the beginning of the year to incite what looks like a reversal pattern as price action started to find higher lows that culminated in a...
GU daily chart Looking for the reverse head and shoulder formation to be formed. MON-TUE I'm looking on the lower time frames for support to be formed in or above the green one to take buys to swing target. If support fails or daily breaks and closes below green zone, trade will not be valid.
With a breakout of the supply zone at 1.2400 during the course of yesterday trading session, I am of the opinion that buyers are beginning to gain traction with a potential of pushing price further into the selling opportunity zone identified on the daily timeframe. Going into the UK and New York session, the demand zone at 1.234500 shall be our guide for bullish...
Quick trading set-up is identified here on the 1 hour time frame as the appearance of a reversal pattern sitting right on a new bullish trendline. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all...
With a simple trading set-up identified in the 1-hour timeframe, I am going to recommend selling the Aussie this week. In this regard, a key level at the 90.000 area and the bearish trendline identified on the 1-H timeframe shall be our guide going into the new week as we continue to look for a reversal set-up to join the potential decline. shall be Risk...
This is a follow-up detail on the publication shared during last week's trading session (see link below for reference purposes), where the price moved over 200pips in our favour. Now, with the present structure on the chart, I am beginning to see a set-up that might allow us to add more selling positions as long as we do not see a breakout of the bearish trendline...
Break of structure on the 1H chart may indicate that the recent tap into an order block may pull back GBPUSD into a higher high. Take profit is currently at previous high however with this strong movement to the upside, we could see a bigger move. Let me know if you take this setup. Great risk to reward.
This is a follow-up detail on the analysis shared on Sunday as the price moved over 100pips in our favour (see link below for reference purposes). From a fundamental perspective and following the recent Fed chair Powell's speech, it is clear that there will not be policy change on the basis that the supply chain will improve. Technically, price action is...
AMEX:SPY For a few days now I have been posting about a big drop that I expect. today I am again confirmed about that idea. As I said in previous ideas, is that we fell through the neckline of a huge Head and Shoulders Pattern. a few days ago we rose back to the previous breakout point, yesterday we tested that level and the neckline now so to speak serves as...
After price action has hit our stop loss at 0.63350 where we locked in around 54 pips profit. Considering the long term bearish momentum on this pair (see the daily time frame for reference purposes or previous broadcast in the link below); The current consolidation phase (that has lasted over 24 hours) on the 1-hour time frame is looking more like a reversal...
This is a follow-up detail on the publication shared during the weekend (see link below for reference purposes), where we already have a counter-trend opportunity running with over 160pips (2 positions) in our favour. With the current consolidation pattern projecting a triple top look-a-like structure since yesterday morning, I am anticipating the confirmation of...
NZDUSD is down by more than 9% since the beginning of April 2022. With the pair looking increasingly oversold as the appearance of a reversal pattern on the 2H timeframe could probably be signalling the incitation of a retracement wave into the major bearish trendline identified on the daily time frame or we might be having a downtrend continuation right below the...
Going into the new week, market experts warn of EURUSD dropping under parity if Russia shuts off the gas to Europe. However, from a technical perspective, there appear to be two scenarios we should be looking out for when the market opens. The first is a countertrend opportunity if we witness a breakout/retest of a reversal pattern identified on the lower time...
possible bump and run reversal may be playing out here. we just need to break the 34.000$ reistance and confirm the breakout
Last day forecast done on GJ respected nicely. reacted area of demand and pushed upside with strong rejection. thanks.
The bump-and-run reversal bottom is a chart pattern that is a surprisingly good performer in both bull (ranking best for performance) and bear markets (ranking second best). It has a low break even failure rate and high average rise after the breakout. Discovered by Thomas Bulkowski in 1999 Bump-and-Run Reversal Bottom: Important Bull Market Results Overall...
The Aussie staged a rebound on Friday in tandem with other recently hard-hit risk assets, though remains on course for a possible retracement into the major bearish trendline identified on the daily timeframe. Therefore, we are bound to witness two possibilities in the new week as I expect selling opportunities at around 0.705/0.71750 and below the key level at...