Hey everybody so I am a scalper mostly but since finding how easy it is to share analysis with Tradingview I figured Id just post my ideas since I am analyzing them anyways .. So, here is a decent risk to reward swing setup for USD/MXN .. Friday we had a pretty decent selloff .. The daily candle closed with a huge rejection wick off that daily trendline .. I will...
Chart time frame - 2 daily
Timeframe - 1 - 2 Months
Actions on -
A – Activating Event
Commodity finds Support @ current levels . Commodity to move towards the @60 level,
B – Beliefs
Crude Oil needs to consolidate before I look at going long. I will stay on the sidelines until then. Will keep u posted...
Price fell because of Italy politics but I don't think the news is enough to have a bigger impact on EURUSD.
I don't usually try to catch falling knifes but here I have a clear and tight stop, so that a small trade doesn't hurt if it goes bad but is very rewarding in case it goes our way.
I have confidence in this trade because I can count 5 waves down in this...
keeping it simple.
This is high risk reward.
Looks to be respecting this wedge, and has slight positive momentum.
They just released their game app a few months ago, and seem to be working with cartoon network.
and once earnings come in for the quarter with the new numbers, this may jump.
We have a daily squeeze, waiting for the pop, loading a small position...
EurChf had a solid close below the last remaining support and is now in no mans land.
Would also be a perfect 1:1 AB=CD move to the next structure level
With the solid close below makes me think this thing is gonna continue to follow path of least resistance and head lower
Looking to be a great trade with awesome R:R
Will keep updated on this and post...
Bat pattern forming on AU
Bat pattern is
AB into a .5 retracement
BC into a .786 retracement
CD into an 886 retracement giving us a good shorting oppurtunity with small risk and a great return
Bat also complete at a pretty large structure level which gives us a good spot to place our stops above the X leg of the move (74.900s)
First targets into the .382...
USDCHF is moving up between higher timeframe supply and demand zones, far from overbought levels. It is also in a 4hr uptrend which leaves us with a bullish bias.
We are currently moving out of a 4hr demand area which has previously shown big strength, breaking the top on 9/5-2018. Due to the new week, I wanted to wait for a couple of hours for the market to...
On the EURUSD we are currently bouncing between the two red 4hr supply and demand areas. As we are currently in a downtrend and in neither an oversold or overbought area, we have a short bias.
On the 4hr we are moving into a supply area (yellow) which we didn't trade last week due to the entry being triggered pretty late on friday. This luckily gave us a better...