BIAS : SHORT
DESCRIPTION : FROM MY LAST PREVIOUS POST YOU CAN SEE THAT WE WENT FOR SCENARIO B WHICH WAS WAIT FOR PRICE ACTION TO BREAK OUR SUPPORT @0.71700 AND RETEST SUPPORT WHICH WILL BE RESISTANCE AND HEAD DOWN TO OUR SUPPORT @0.70700.
CLEAN SIMPLY TRADING.
GOOD LUCK TRADING !!
Hi traders,
There are hundreds, if not thousands, of trades posted on Trading View every day.
Some are hunches of what the market MIGHT do, others set definitive entry points and profit targets, and others anticipate the completion of certain patterns.
But how do we separate the wheat from the dross?
I want to be as transparent and accountable with my...
Depending on the approach of the market, 2 advanced bear gartely patterns with the bigger one having a better risk reward ratio.
Will be looking for different reasons for entry like double bottom and RSI divergence.
Good luck in the rest of the markets through the week
Technicals ( Bearish ) - Price has just tested resistance zone and showing signs of bearish momentum , the divergence provides confluence. Market is a strong down trend aswell, expecting a breakout of the 8660 area
Fundamentals ( Bearish ) - European Central Bank (ECB) signal more quantitative easing, however it is unsure whether this will be effective reducing...
Technicals (Bearish) - Price has just tested resistance zone and showing signs of bearish momentum, the divergence provides confluence.
Fundamentals (Bearish) - Increasing speculation around USD rate hike provides more bearish momentum for the pair.
This is my Setup for NZD/USD. This Pair could not break the previous Resistance and is now forming a nice sell Structure / Triple Top. There is a great Risk/Reward Chance on this Pair. Now i wait for a confirmation (break on a lower Timeframe) and enter on a Breakout. Stops and Targets are shown in the Chart.
Comment your thoughts for this Pair down below.
Trade...
Everyone is Busy with Daily and Hourly charts,So I have stepped back and trying to shed some light on Monthly as it is at a very Crucial Decision point.
Falling Trend line from all time Highs we hit in 2011 is here to decide the faith of Gold ;)
Short Term Correction at least to $1200 is expected in coming month or two, it may not come in light of some Big...
Everyone is Busy with Daily and Hourly charts,So I have stepped back and trying to shed some light on Monthly as it is at a very Crucial Decision point.
Falling Trend line from all time Highs we hit in 2011 is here to decide the faith of Gold ;)
Short Term Correction at least to $1200 is expected in coming month or two, it may not come in light of some Big...
#CADJPY the lower highs indicate that this pair is going through a down trend. The EMA is a major confluence with regards to downside movement as the 7 EMA below the 50 EMA indicate that the market is in a long term downtrend, this is followed by the 3 EMA being below the 7 EMA which indicates that the market is in a short term downtrend. The short long term down...
I found volume spike (selling climax) in the background. The very next bar was up bar in a high volume (reversal up-thrust). This must be that demand overcame supply and that there are more buyers then sellers. Later on , we saw a successful test of supply on low volume, which is the sign that smart money is interesting in upward price. Wyckoff called this...
Here we see a cypher pattern on the Us Swiss charts.
This pattern is indicating that the market will reverse upon completion, and is supported by completing above the linear regression line.
When a Bearish pattern completes above the standard deviation line, it is likely that , If the market is bearish, the market will rally back under the line , and similar to...
here we see a Butterfly pattern forming on the Euro against the Yen.
If the pattern makes it above 136.025, the pattern will be complete, in which case i have places my entry at point B , my limit at the 1.618 extension of the BC leg , and my stop at the Red D point, because at that point , we are at roughly a 2:1 risk reward ratio, also because I am going to...
