Majority is uptrend in Day timeframe if the market touch/can't break the Support at below
opportunity to BUY in this case.
Condition : - Market retrace to major support.
- Advance pattern is Bat pattern.
- Market is Over sold .
- Market is divergence .
Keeping an eye on how AUDUSD trades at this key level of previous structure support. Tomorrow is a massive news day in the market for both the Aussie (retail Sales/Trade Balance) & the Dollar (ADP/ISM) so we should have a clearer picture of the markets decision by tomorrow night.
Not the same type of setup, but very similar to the $EURUSD long that we took in mid...
We have seen price exhaustion at 1.2
Possible pullback on higher TF
Head and Shoulders formation
Entries at 1.95 retest
Closes gap
Target 1 @ 1.1775
Target 2 @ 1.7
Price Action has created a new Lower Low increasing further to the down side. Now we have seen a relief move where price action has retraced back up to a previous support level looking left (around 0.72280)
We also have a Fib confluence level (618) and a oversold signal on the RSI.
Will be taking 2 positions
Target 1 0.71400 retest of the lows (And even handed...
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 it. Now they
have given the advantage...
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...
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
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
