On a daily timeframe there is significance around the 9480.00 USD level. The daily candle has closed above that zone and candle stick patterns are suggesting a bullish move will follow. Diving into a 4 hr timeframe structurual significance is forming above the same 9480.00 USD level.
SP = Starting Point
ISL = Initial Structure Low
NSL = New Structure Low
ISH = Initial Structure High
NSH = New Structure High
The most recent structure, be it ISL, ISH, NSL, NSH, its starting point will be known as X, if breaking below and closing below X(on a ISH, NSH condition), ISL is formed; breaking above and closing above of X(on a ISL or NSH), ISH is...
The TMUS price increased significantly last few days and it reached the resistance area at 65.14. The price respected that level few times already and it is more likely that it will do it again. Moreover, the price action formed the shooting start candlestick bar, which is considered as a reversal pattern. It means, there is a shift from buying to selling. The...
It is clear that BTC was trending downward last few days. The market made Lower Low and Lower High indicates the bearish market. The question is will this trend continues?
The price made its correction and traders will likely notice the price reached the key resistance area (12000-13000). These are rounded numbers, which also give more significance to this...
Straight forward 2618 set up.
Currently respecting the top of the descending channel, 1.618 inversion lines up with lower structure
50 pip risk / 310 reward
USDJPY gave us some nice price action at the top of the TL. We just had an impulse and right not it's in a corrective structure. Looking for a sell down to the bottom on the TL and will be watching closely if price will either break and continue to the downside or make one more move up which would give us a 5 wave corrective structure
Firstly Looking at the Weekly and Daily Charts we have come into an Area of resistance.
We have started to see a bit of a bearish move on the Daily, looking on the 4 hr we have a few levels lining up.
We have had a 618 retracement, looking at the Fib Extension of the first impulse leg down and the Fib Inversion of the pull back. The 1.27 and 1.414 levels all...
Firstly Happy Christmas where ever you are hope you are with loved ones and having a merry time.
As all the Excitement is over now a bit of time to do some Tekkers.
So one of my Goals for the coming year is to really get my tekkers on point and be a lot more methodical in my approach.
We have seen this pair in a very bearish trend for the last few months....
Filled longs with average of about 1.1076, expecting a restest of previous resistance of about 1.14.
1.106 was 61.8% correction of previous leg up from 1.095 to 1.123, this leg being 61.8% retrace of the Brexit plummet. The target of 1.14 is the 161.8% extension of the previous leg from 1.095, resistance zone on many occasions, TL since the 3rd of Dec and...
There was a break of the bearish flag on the 1H (see orange lines) and there was a break of B leg of the potential Bullish Gartley Formation on 4H on USDCAD.
This is interesting opportunity because if you look left you will see that market ended the sequence of NSL and OR also known as a bearish trend.
There was a NSH at 9th May that signaled for a bullish...
Looking to Short at 1.88500 just below the evenhanded Number 1.89000
Guyz look ofr Double top with rsi divergence with a good risk to reward ,
we got some febs aligning right on that resistance a tct trade
On FX:EURJPY, the market is not trending . However, the harmonic bat pattern appears which gives an opportunity to go short. The price was going up on Monday and the next swing high is a good level buyers to lock their profits and sellers to step in. This will result to price dropping.
T1 - 38.2%
T2 -...
On FX:EURUSD, the market is going upward on 1H bars. It makes Higher Highs and Higher Lows, which is an indication of bullish trend. The price are close to previous Higher Low and the impulsive leg is expected. There is a support level at 1.1165. It was acted as resistance and then after broke out, became support. The price respected that level few times and it is...
I'm looking at a potential trend continuations trading opportunity for the next week, here on GBPUSD 15M.
I'm looking for the price action to go lower in to potential kill zone - I've narrowed it down with harmonic move and fibs, that aligned right at structure.
Whatever method you choose for targets you will get nice r/r - - stops below structure and targets...
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