Nzd/Usd is still respecting the TREND STRUCTURE LEVELS DRAWN ON THE CHART with the Yellow Lines. So if you go to the daily chart and change the chart from a Candlestick Chart to a Line Chart you can Identify these levels with relative ease! When Drawing These Level's , You need to prove to yourself that this is indeed the levels of structure by drawing arrows,...
in 4H Chart : Broken resistance structure and pullback 50% or 61.8% fibo retracement Touching the bottom of the parallel channel > Buy Entry : 1.3350 Stop : 1.3330 (20 pips) TP1 : 1.3400 (50 pips) TP2 : 1.3520 (170 pips)
This one looks like the business so far. I mostly trade technicals (i'm a numbers man, numbers don't lie and for the more spiritual ones like me, everything is energy and energy has its sequences and cycles) why i love Fibonacci. So...... EURUSD, on the high time frames (Daily) clear to see we have moved into somewhat of consolidation. And for me trading harmonics...
Hey Traders, On the EUR/USD 4HR time frame we have a lower low lower close, since then price action rallied into resistance which was once support providing us with a double top, first test RSI was extremely overbought as I have my settings at 80/20, conventional is at 70/30. On the second test, we have bearish divergence. We can get involved in two ways: 1....
A text book corrective structure has formed on the H1 time frame AUDUSD. When price breaks the low of wave 3, I will be looking for reversal signs to trade this structure to the upside. Thereafter I am expecting a larger move to the downside to complete a structure formation on a higher time frame. Join our trading signal service to receive the exact entry, stop...
My previous DXY Setup invalidated since it broke below 0.618 fibonacci retracement levels. Will be looking for a bounce back up to 96.40 levels before heading back down. Could potentially see DXY head back down to 94.00 regions. That would mean that most major pairs such as EUR/USD, GBP/USD, AUD/USD could see potential long opportunities these weeks. Always...
Potential sell opportunity this week, has completed a 5 wave corrective pattern with divergence, will be looking for the next 1hr impulse down with the 270 as target profit. This would give us a complete 3 wave pattern in the 1hr.
If structure holds this pair should bounce back from its bullish trend line since the start of last month, and with added confluence of the 61.8 fibonacci level, we should have seen the end of this downwards correction. The bearish momentum of USD/CAD has been overturned since coming out the daily parallel channel and subsequently this pair has been forming higher...
USD/JPY couldn't break the monthly support of 112.02 convincingly, hence a reversal in momentum following the rejection of this level. Price structure has been broken as the consolidation zone and both the EMAs have been taken out as the previous candlestick has closed above on the H4, enticing a strong bullish move. The 61.8 fibonacci retracement has been...
Taking a look at FX for some friends. Decided to post my take on it
Price is forming a reversed H&S pattern at a support level (the sliding parallel of the descending channel). Meanwhile RSI is showing a bullish divergence in addition to an oversold state. In this pattern I will personally buy at the level of the left shoulder with stoploss below the head of the pattern ($1252) and aiming at previous structure at around $1262.
Hey traders! I wanted to spend a few minutes walking you through my broad stroke analysis on the EURUSD and what trading opportunities I'll be watching for the week ahead. Akil
Dear fellow traders, Today we have the USDCAD. This pair is approaching a high level of confluence, in a clear bullish trend. Everything you need is on the chart. If you like what you see, please drop a like, comment and follow for more ideas!
Waiting for deep pullback around 0.7650's levels which we have a confluence of fibonacci 1.414 extension,0.618 retracement,AB=CD pattern and major structure on the higher time-frame.If price does eventually get to those structure levels then the last thing to look out for is a double-top and a lower-low lower-close with a bearish divergence for an entry in this...
AUDUSD 1h Analysis - If price breaks 0.75425 then I expect it to fall towards the target of 0.74496. Currently working on keeping my charts as clean as possible, focusing on structure, trend and being aware of support and resistance levels.
We just broke above, and will wait for a pullback into the 0.618, and a confirmation to go long. We also got a nice H&S, inverted formation on the Daily. Rsi: Middle.
Does Ethereum wants to consolidate between those 2 Daily Structures? Maybe... But first, I will wait for a double top in the Daily Structure Area and then short it, until the lower area is reached.