Here on the EURAUD 0.03% , we have a market that is at a previous level of strong structure. At this level, the market is showing a massive amount of selling pressure. This could indicate that the EURAUD 0.03% is ready for a move down.
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Trading can be simple. You do not need 10 factors, or trade enhancers to take a trade. Armed with a simple RSI,
knowledge of structure and trend is good enough. Currently, crude oil has found support on a previous support
on the daily chart and rallied into the close of Friday. For traders who want to long, well they got ...
Hey guys,
as the trend continues we are ready for a next potential long opportunity on $EURUSD.
Potential bullish Gartley Pattern with structure support looking left.
Do not trade unless it is YOUR plan.
Greets,
Felix
last week we fired off a long opportunity here on the GBPUSD at the 1.3060's level looking to capture initial profits at a retest of the previous structure highs. Now that we've reached those highs, the market is going to offer us another "decision point"
A break above close above at this decision point would tell me to expect another extension higher where ...
The final opportunity discussed in this week's video was of a 2618 trade here on the AUDCAD. As usual the killzone for the 2618 technique is between the 61.8 Fibonacci retracement and the previous structure high. However in this particular case, I also have a secondary killzone on my radar which rest slightly lower then the higher zone that i'll be paying ...
Gold/US Dollar is another pair that has broken a significant level of structure today completing a Head & Shoulders pattern by breaking the neck line. For me all signs point towards a move higher and there looks to be a lot of opportunity.
Like the other pairs discussed today, I like to buy on dips, so a pullback to or into the neckline/right shoulder is the ...
Hey traders, I wanted to share with you a trading idea I am looking to get involved in. Here on the AUDUSD price has broken out to the upside. IF price can retest the 382 fib retrace and the structure level that is lined up @ the level. I will THEN be looking for an entry reason to get long and riding the move 200 pips to the next structure level. As always IF ...
Lately the AUDUSD has been ultra bullish with non-stop rally but...
TECHICAL OBSERVATIONS
1.We have RSI entering 80's area signaling an overbought market.
2.We have also Stochastics in overbought area.
3.We notice also Fibonacci confluence as we are at the 1.414 Fibonacci extension from the last swing.
4.We approaching great weekly resistance and psycological ...
I just got long the USDJPY after yesterday's pullback. We haven't come to the best level of structure, but I like how price has reacted at this level.
Good luck in the markets today traders, we have a good amount of news coming out for the USD & CAD today at 10am NY
Aki Stokes
Trade Empowered
AUDCAD is in clear bearish trend on 1H, and currently price pull backed into the Kill Zone.
You can wait for an entry reason like LLLC or Double Top on Lower Time Frame, or you can simply enter right away - you will get more than 1:2 R/R.
Stops would be above current OR and we would target a retest of the NSL
The recent rally on the EUR has pushed price up into our previous structure highs. Needless to say this will be a level that I'll be closely watching in today's trading.
Akil
EURUSD on 15M is in a pullback mode, that is in an established bullish trend - look to the left, there is a series of NSH and OR(pullbacks).
Currently the pullback turned out to be a complex one, giving us a potential advanced harmonic pattern - Bullish Bat.
I will use the Bat pattern as an entry reason for a trend continuation trading opportunity - targets are ...
USDJPY gave is a conservative structure trading opportunity - 2618 setup with a little bit more than 1:3 R/R factor.
You can enter right away or waiting for an entry reasons - RSI is in OB condition.
Stops above current NSH(the double top setup), 1st target will be a retest of the structure low(the low formed after the "V" of the double top setup was violated) and ...
The GBPUSD is setting up a potential bearish Bat formation. The completion of this pattern would come at a price point which has acted as both support and resistance in the recent past.
Akil
EURUSD made another retest since price failed to close higher above current NSH, but this gave is a potential counter trading opportunity.
Price was stop by the current structure level and RSI is in OB condition.
My entry reason will be a Double Top - since we have the left already. RSI is in OB, it's almost certain that market will put a bearish RSI Divergence ...
