Overall bias is Bearish -Firstly we have bounced of key level of 1.7000 -we have broke trend line based off 4 hour time frame -We had a small retest -I do believe we will break previous lows -Previous four hour candle was a bearish hammer -A lot of wicks to the upside Off the daily -We can see huge wicks to the upside on the Ket level -Yesterdays candle...
GET READY FOR A DROP -clear break of trend line -re test of trend line -Bearish engulfing of trend line to confirm strong area of RES -Also confirms momentum
This is a typical support/resistance setup. Buy at $7.23, with profit target of $8.00. High risk with $6.80 stoploss. Short immediately if price breaks $6.80 stoploss.
Reasons for -We have broken our 4 Hour trend line to the downside -Therefore we have broken structure and i 100% believe that after the break we are headed down -We are going to get a impulse wave and this is a strong setup - after all the long term trend is bearish ! Yes weve had two small losses but we are going to make it back on this one ;) Also this is...
I have my own trading system depending on only numbers and dependin on my system it said short. I only want to publish here to track my records and share with the public.
Reasons For -We are now down trending on the 4 hour chart -We always want to trade in the direction of the trend -We are making lower lows and lower highs -We are trading below key level at 1.4000 Which we broke with a strong downside move -If we put a Fib in from previous Lower high to the new Lower low price is reacting to the 0.618 Level -Sign of retrace...
The price pressure channel support and I hope the 3D pattern continues and complete bearish pattern on D1 chart. Waiting for bullish divergence for an enter setup, keeping in mind that the price could go more down following Wolf wave pattern (In that case, I’ll consider the pair as bearish).
Reasons for -Firstly on the 4 Hour time frame we are up trending -There is a major trend line above us so therefore i believe that is prices next level before any bearish movement -We are making higher swings after coming down to our Trendline below price which is acting as support -We have clearly seen a reaction from this trend line acting as support as you...
Reasons For -Firstly after bouncing of 1.6000(Our key level) we have been very bearish as you can see -Also we have been putting in Lower Lows and Lower Highs -We have also cleared our key level at 1.55000 and have been putting in bearish movement -Now we are trading below 1.5500 the only smart thing to do is to sell as we can clearly see strength to the...
First of all lets start with the big Bat pattern located in the 4HR timeframe. Bullish Bat Pattern Waiting for price to drop down to the 1.272 extension, which will give us a allready completed BAT pattern and makes sure we have a great RR. Stops placed about 20 pips beneath X, but should be adjusted to YOUR moneymanagement strategy. Targets are located at...
Lots of confluences for this trade to get SHORT as u can see from the chart: Resistance Fib level High test candle Deceleration 50 ema bounce
SIMPLE TRADE SETUP: - OVERALL DOWNTREND - PRICE TOOK OUT PRIOR SWING LOW AND PUT IN A NEW LOWER LOW - BREAK/RETEST OF SYMMETRICAL TRIANGLE - DAILY SHOOTING STAR/DOJI CLOSE OFF 61.8% FIB - ABCD IN PLAY TARGETING 0% AND -27% FIB
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The pair is in a bullish momentum. Check out our latest analysis on www.ichimokuforex.com