- NZDCAD is currently on a monthly supply
- Pair is retesting structure resistance
- ( Candlestick ) Bearish Signal
- Plan is to short NZDCAD
- Target is plotted dot horizontal lines
- Take the take when your rules are fulfilled
A BEARISH MOVE is probable in this market.
Basically, my trading idea is based on weekly chart which you can see clearly the long setup at the bottom is a not bad one.
For the daily chart, it formed a inside bar pattern(so hard to find a good entry) until 20 minutes ago that the structure got violated. Very often, we should wait for opportunities, instead of chasing them.
Until price forms a clearer...
HEY EVERYONE
Here's a look at the DOLLAR INDEX FOR DIRECTION AND OVERVIEW IDEA ON WHAT PRICE IS DOING hope everyone is having a good day now we taking DAX from the monthly streets which has more or less held an ascending channel currently trading at the roof of this structure and will be looking at price to see if this structure breaks or holds before embarking...
As we see the daily Tf, price was ranging (Forming HL and LH), But recently the structure broken to the upside, while sellers tried to close the price below the 0.72000 psychological level and break the blow, but there wasn't enough sellers to do that,
Expecting a bull move this week for kiwi,
After a 333% rally in the last few months, Litecoin is gearing up for another 180% rally in the coming months. Th market is currently in a corrective structure and we have a major support level between 82 & 93, that will be the best price range to look for longs.
Hey everyone
Hope you're having a good one here's a look at the POUND YEN looking for structure to hold on this pair from the daily chart as on higher time-frames the pair is net long just broke out of a descending channel looking for momentum to rise with the bulls. On the daily looking for longs on the pair
many stars must align with the plan before executing...
Reasons to consider getting out of short risk exposure if the highlighted area fails:
Bearish Divergence
Break of Structural Gap
Overextended state
These reasons might trigger some traders to short or sell this pair; however, in terms of probability, the market still favours bullish bias, evidenced by the context to the left.
The break of the...
Shorting Usd/Cad 4H/1H, As overall market is in a bearish run, Found an short setup at level at 1.31187.
1:Overall bearish move market making LL & L.H.
2:Market retesting the previous broken L.L.
3:200 Ema down.
4:Fibs level 61%.
5:1H TF also retesting it's bearish structure.
6:Candles showing strong rejection.
ETHUSDT is testing weekly support as support.
We need to see another daily close above this structure and According to Plancton's strategy, we can set a nice order
Weekly
–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure ->...
Yesterday's analysis was very successful, I have a follow up on that and I have shared what I am looking at today. REMEMBER, you follow my advise at your own risk.
Looking for a trading coach??? Message me!!!
Looking to see if at some point around the structure support we can get an impulsive move followed by a continuation pattern to take a long to at least the double top
At that point, I will be looking to see how we approach for a longer-term sell
Price is currently in the making of a triple top as it rejects the Key S/R level unable to break it for the third time it reaches that level, it also is at the trendline level to add to the confluence. Currently on the 1HR looking for price to break it's support level, retests, rejects the level and head to the down side to the neckline. Taking action if price...
HELLO EVERYONE
Here's an idea on the DOLLAR/POUND that broke out of the descending channel structure pushed up with the bulls then came down to retest structure and is currently trading in a nice recovery candle with the bull. looking at what price will do or rather will it break previous previous swing high and push up has will be watching price in my trigger...
