Need a breakout of DAILY KEYLEVEL & possible retest from the other side (0.7202) before placing SELL trade.
Hi trader's, In Thursday's trading session I will be looking for a short in the SP500. We might start with a push higher but I expect that to be part of the corrective structure which is currently unfolding. My focus will be on the sell-trade and I will not participate in any potential buy set-ups. This means that I will be looking for minor flags then execute...
Hi trader's, we saw the move lower for USDCAD in the beginning of the week completing the pattern we were looking for. Our long term short target has been hit and as I mentioned in my weekly video; 'if we break below previous low (4hr tf), I will be looking for a bullish reversal'. Currently we see a minor consolidation before we see the next push higher towards...
2018-8-15 1. Market just broke previous structure Lows on Daily Chart 2. We are waiting for a Fib 618 retest of the structure for our entry. Targets as shown Stop Loss right about the BO area
This week I did take two trade in the EURUSD, both of them being succesful (links below). I got several pm's from traders asking me to post my view in EURUSD forecasting the bigger picture in order to have a solid base to take our decisions. Looking at the weekly chart of EURUSD and using median line analysis and simple structure levels we may easily see is that...
A head & shoulders patterns is forming at a key resistance level where we do have previous structure and the0.618 fib retracement of previous downtrend. In addition to that a bearish divergence to the RSI shows that this upmove is losing its steam. Selling the breakout below the necline of the pattern is a nice idea.
My favourite price action pattern..! Price breaks above a horizontal resistance level and makes you believe that it will head north. Stops are being washed, everybody give up buying and sellers have an easy job pushing price to the down. Another good sign is that the upper parallel of the channel holds as resistance rejecting price massively. Going short form...
In my last Gold post I highlighted a head and shoulders pattern which wasn't activated with price dropping even further . It's now testing and being rejected at a key support level - the sliding parallel of a median line set plus the 1.27 fib projection of previous downtrend. Going long from current level is a good idea. ** US Dollar shows signs of weakness which...
After our last successful EURUSD trade (link below) we do have another opportunity ahead. The lower parallel of the median line set, the 78.6% fib retracement of previous impulse, previous support structure and an oversold RSI all give us a very good reason buying EURUSUD. Sl and tp as shown in the chart..!
The EURGBP is indicating a strong downtrend at the moment. If market keeps rallying just a little higher, there will a potential bearish gartley pattern setting up for a selling opportunity. Normally, harmonic patterns are used for counter trend trading, but in this case, it can be used as a trend continuation strategy. Plus, the Gartley pattern is completing at...
EURGBP daily chart is showing a couple of lower highs at the moment, which indicates a possible uptrend. If market decides to go lower, there is a potential bullish Gartley pattern getting ready to be completed for a buying opportunity. Plus, RSI is indicating a bullish divergence. Also, the Gartley pattern is completing at previous structure looking left, so it...
Multiple trading opportunity that all turns out to have healthy reward:risk. gonna watch how this story play out. Can't wait.
NZDUSD 1H seems to be in a downtrend right now. Plus, RSI is reaching a high point, and if market can reach higher, we're gonna have a potential bear Bat pattern for a sell opportunity. Also, the completion of the Bat pattern is at the retest of previous structure, which means this can also be seen as a structure trade for all structure traders out there.
NZDUSD looks like it's walking down stairs right now, goes down rallies up and goes down and rallies up again but never opening above and closing above previous structure. If it keeps going down, there's a potential bullish Gartley pattern just waiting to be completed and having a buy opportunity. Also, this Gartley pattern is completing at some previous structure...
The break of this trendline means several things for me : -> possible restest of structure support. -> confirmation of sideways moving period, which allow us to look for pattern trades, or other sideways moving strategies. However the break of the trendline can create a downtrend on lower timeframe.
Regular-Flat complete abc, look for downside.