A structure-based trade could create an opening for Bat Patterns' die-hard fans. I will watch closely on the candlestick pattern formation to engage on this trade. p/s: never follow blindly, always do your own analysis
Hi traders, today i want to show you a situation that i will be looking to over the next days. As you can see in the chart (if you zoom out), here in AUDJPY we recently broke a daily resistance and we are now retesting this level that has proved to be strong two times last week, and so i will be looking for some entry reasons (as double bottoms, engulfing...
Looking at structure , expecting to drop , however if it breaks up we can sell at channel line
A breakdown of USD/JPY with potential scenarios for both the up and downside. The blue box indicates the criteria for entry with 4/5 requirements needing to be met before entry, this method cuts losses and gives a clear structured way to enter trades that can be back-tested. Good luck!
A breakdown of Gold with potential scenarios for both the up and downside. The blue box indicates the criteria for entry with 4/5 requirements needing to be met before entry, this method cuts losses and gives a clear structured way to enter trades that can be back-tested. Good luck!
Hi traders just sharing analysis for the USD Dollar index and how to pick a great entry. Potential buy at any failed re-test of the blue line which also aligns with the RSI and historic support levels. Potential sell at the 61.8% fib level which aligns with previous resistance. The blue box indicates the criteria for entry with 4/5 requirements needing to be...
double top, outside return to 618 then coudl see a continutation to the downside
Double top as Highlighted, Broke structure and now waiting for the outside return. Got my order set for entry at 131.37 Stop Loss at 131.75 and Take Profit 129
Hello traders. It looks like we've come to a pretty strong resistance level on the charts (more evident on the weekly chart) Last week closed off with two consecutive bearish rejection pin bar candles, and formed an inside day pattern while doing so. This area shares confluence with previous structure high fibonacci extensions as seeon on chart. Lets see if...
After capitulating last friday bulls are poised to take back some ground lost. Overall my trend bias is bullish My prediction is that price action will AT LEAST hit psychological level of 1.31000 Retrace a little bit and then sky rocket to a FIBONACCI CONFLUENCE - MONTHLY 38.2% RETRACE -1.271 FIBONACCI EXTENSION
Hello traders, recently EURAUD have broke below and closed below the channel as shown above..Now, we're expecting the trend continuation to the down side..IF the price can move back up to previous support that have been broken(purple line), THEN I look forward to sell this pair..Stops and targets as shown on the chart..Good luck :)
61.8 retracement lining up with large structural support
Syndicate members there will be a video uploaded breaking down this trade shortly (I have to re-produce it), But what I'm looking for on the EURGBP is a Bullish trend continuation trade opportunity. The Red & Green boxes represent levels of structure in the market with Red being resistance & Green being Support. As you can see originally resistance held, but once...
If we see this candel close above the trend line coudl see more upside
we have had our double top and impulse leg down breaking structure. Waiting for the outside return to the 618 level before seeing a drop to the downside order in place for entry 1.30400
Went short once i saw divergence form and both rsi and cci dipped.Pattern, structure and divergence was enough confluence to enter.