There is a chance that price could continue bullish from here, BUT I can NOT ignore the fact that there is a weekly head and shoulder possibly printing. Which will send price bearish for quite a bit. On top of price not really breaking this area of price since 2021. This is a key level of price for EU. There has been 4 bearish engulfing candles in this area on...
There is a chance that price could continue bullish from here, BUT I can NOT ignore the fact that there is a weekly head and shoulder possibly printing. Which will send price bearish for quite a bit. On top of that, price has not really broken this area of price since 2021. This is a key level of price for EU. There has been 4 bearish engulfing candles in this...
The Daily (D) time frame has made an inverted hammer off the top of the Weekly (W) consolidation zone. On top of that price is wicking off the .786 FIB levels from a minor W FIB from 1/14/24. Looking for price to push back down to a minimum the mid point of the W consolidation zone that started 1/29/24.
Looking for price to sell down during the upcoming week. There are several inverted hammers leading up to the end of the week with very long wicks. Price is also under the 200/50 EMA.
EUR/USD is steadfastly guarding the 1.0800 level during the European trading session on Friday. The pair remains stable amid a weakening US Dollar and optimistic sentiment, awaiting the Eurozone's leading inflation data for new directional momentum. On the chart, the pair is undergoing a retracement phase, showing a modest increase but still under the control of...
Price is at the highs of Nov '23. Double tops are forming on the 4H and below. Looking for the M to complete on the 4H at a minimum before returning to bullish price movement. Price could very well continue bullish from where it currently is, but we shall have to wait and see.
We see a huge bearish factor as price retraces to the resistance zone and the 800EMA, an 800EMA rejection especially on the weekly is a huge factor, as this is projected we expect price to get to Trend Line 1.85013.
After a very big bull phase on the NVDA Stock, we start to see some reversal pattern on the 1.618 fibonacci level of extension. We can see the formation of lower lows and a stop hunting at the top (and near the extension level we are looking at). What are we looking from ? First we want to see the recent gap to be filled on this swing position (around the $315.0...
As a very opptimistic on the Crypto Assets (and even more on BTC), I am not really into short on those assets, but here we have a short opportunity for a corrective move (still very strong bullish on the long term for me regarding technical and fundamental aspects). About the setup we have here : On the daily timeframe we can see a very extended price and then a...
As gold approaches our level where we look for the candle on the 5m candle to close we are anticipating sells to be taken here with the possibility of 1930 being tapped as a potential TP This is a scalp so as always fast and aggressive take profit will be done
Dollar index has been on an upward trend. Recently it broke below it. Today we have seen a retest of this trendline. I am bearish on the dollar index. Targets as low as 105.450 Use proper money management.
Looking for gold buys or sells depending on where the FIVE MINUTE candle closes respective of the levels marked in the chart Gold has seen a strong push to the upside and I don't believe it's completely exhausted yet. However, that does not mean price action won't play out on smaller timeframes.
At market close, price has closed below 50% of the 3/13/23 D B FVG, but price is in the top 50% of the 3/17/23 4H B FVG. PLUS price closed with a bearish engulfing on the 8H. Since price is in a downtrend I am looking for price to continue down another 300 pips to the 2023 yearly open. Depending on the type of trader you are I see 3 possible entries from where...
Looking for Gold to continue bearish when market opens. Price is currently wicking and refusing to go higher at market close on Friday. There is a 4H liquidity zone where price is refusing to break. I'm expecting a 4H sell fractal to print after market opens. Lets see what happens
Monthly chart shows one thing. STRONG rejection. And where there's a strong rejection, there's a chance of a price reversal. How does this coincide with what we are looking for? Well, August monthly candle did not have a top wick. If we can get a top wick created for the previous months candle then September SHOULD see a sell off going into the end of 2023....
And sure enough Price action did exactly what we were looking for price action to do. Typically I would move stops to break even and take partial profits here, however due to the fact I am taking a reduced lot size (0.01 lots as I am currently testing the trading style out) I will move stops to breakever at our BE line (1909) But I hope this was an educational...
THIS IS NOT A TRADE TO TAKE - IT IS PURELY FOR EDUCATIONAL PURPOSES FOR MYSELF Looking at previous price action and PA mimicking it, I'm looking to take a 0.01 lot sell limit here at the level marker at 1912.5 so that we can assume price will continue down after grabbing liquidity Price closed below a level, rejective off of 1904 as it has done previously so...