Technical Confluences for Trade: - Stochastics are in Overbought Conditions on H1 & H4 time-frame - Price action is at a Supply Zone area - Price action may reverse towards the ascending support Trendline - Targeting the 38.2% Fibo retracement Suggested Trade: Entry @ Area of Interest 1.3760 - 1.3800 SL @ 1.3854 TP 1 @ 1.3697 (Close Half-Position & move SL to...
Technical Confluences for Trade: - Stochastics are in Overbought Conditions on H4 time-frame - Price action reversed away from Supply area - Price action may reverse back towards Resistance Trendline and 61.8% Fibo Retracement Suggested Trade: Entry @ Area of Interest 1.8100 - 1.8110 SL @ 1.8156 TP 1 @ 1.8057 (Close Half-Position & move SL to Entry level once...
Pair: FX:NZDCAD Timeframe: H4 - Medium Term (MT) Direction: Long Technical Confluences for Trade: - Stochastics are in Oversold Conditions on D1, H4 and H1 time-frames - Price action is at a resistance trendline & also a horizontal trendline (Demand zone) - Price is between the 61.8 - 78.6% Fibo retracement - Aiming for the 38.2% Fibo Retracement which...
Keeping things simple, stick to the higher time frames, you have all the information you really need. Check my previous ideas for W1 and D1 analysis This idea further strengthens by bearish position (In the short-term) Explanation given in the chart Given the current price action, I'm expecting price to either range or correct (I think a correction is more likely)
-See the Chart above for an analysis -Price reaching off of daily/weekly supply -Shorts valid with confirmation -Personally will be trading smaller timeframes but still interesting levels. buy still valid for day-trading/scalping to the upside
Overextended Market -Price created many RBR in a row which gave us the ability to draw aggressive upward ML. -Market overextended and potentially elastic band effect. -Price broke aggressive ML -Price removed 2 opposing RBR demand Am not too sure about a HTF (W or D) but I still nice little RBD that could also be used as a HTF
Just sharing some analysis on the above markets. If you find the video helpful and/or informative, leave a LIKE and consider subscribing. May profits be upon you.
Hello traders, While we are shorting the pair to 1.0560 by half of our normal volume right now, we believe that a buying option is lying around 1.0550, which is slightly over weekly pivot point.
2 options here on the DXY monthly chart. Of course both zones could blow right through, but I believe price is going to either one of these zones in the next year. How do we know which way its going to go? By following the trend on the Daily and H4 timeframes
I'm trying to keep my trading as simple as possible and just constantly keeping an eye on OF. 1. This was my POI this morning on the M15 for limit short as this is the zone that led to the previous BOS. (cs x1) 2. We have CH which pushed into the SZ you can also see the same thing happening with my previous trade. 3. The market also moved into the premium. (cs...
G'day, Master Key for zones Red = Three Month Blue = Monthly Purple = weekly Pink = Three, Four Day Orange = Daily Risk Warning Trading leveraged products such as Forex, commodities and CFDs, carries with it a high level of risk and so may not be suitable for every investor. Prior to trading the foreign exchange, commodity or CFD market, consider...
Market structure has been bearish, price broke structure to the downside, creating an inducement leaving an unmitigated supply zone at 1.24300. Entry to continue the downtrend would be at the open of the Supply zone Entry 1.24300 Sl. 1.24750 Tp. 1.23100
What's up traders! In today's breakdown, we're taking a look at some possible scenarios for Bitcoin in the coming days / weeks. Let's dive right in... Ticker: BTCUSD Date: 04/21/23 Timeframe: 1H Supply: 28525-28800 (1st red zone), 30280-30600 (2nd red zone) Demand: 27560-27830 (green zone) Commentary: It seems like we finally got the break of the bullish...
CADJPY and CHFJPY are on my radar this morning. I can see clean reversals and signs of higher highs. Now, I am in a position to trade them back to the higher timeframe highs. You can see my full analysis and risk management strategy in the video. Share your thoughts, like the video, and let me know if you trade these pairs as well. ✌🏾
Taken a short after swing failure of last high into top supply zone.
Yesterday, USDCHD made a new lower low. This is known as a trend continuation. I love trades like this. They are what I call, pretty areas because it's easy to money trading with the trend(my personal opinion). So, I'm going setting up my new setup for a sell. You'll see me set my sell up in this video. If you find video in this analysis please like the video...
Anticipating price to reject my demand zone. I am Long on USDCAD and fundamentals are bullish towards the US dollar.
BINANCE:BTCUSD so far bitcoin is bearish on HTF still but that doesn't mean we can't trade it, so im waiting for confirmations to short it targeting 16.8k to buy back, ofc if we see a reason to do so that's a day trade style not a long-term short or long or any type of investment, I'm not an advisor also avoid news because it can kill you