Ultimately the drawing pretty much sets out the trade idea here.
The trade Idea is only valid if the market breaks the level marked below the current indecision. I have taken the aggressive entry as this suits my trading strategy to take opportunities with huge Risk:Reward ratios on the acceptance that I am likely to lose more than I win, but the winners far out...
Good morning, traders. As you are likely aware by now, price took off last night and hit a high of $5080 (~$150 above the 1.618 extension off the first wave in December 2018) just above the daily R4 pivot as I have been attempting to prepare everyone for as an increasing likelihood of happening due to price action and volume, especially as of late. I hope we stop...
Shorted this pair , I was hoping to close it at its profit target. But I decided to Close it as GBPUSD is supporting the reversal bullish as with the DOllar reversal.
Closed it for a profit of +70 pip only.
GBPJPY looks to be a potential short as it has reached H4 and Daily Resistance. The pair is also in very high supply zone so with the ongoing Brexit crisis GBP looks to weaken across the board.
Good swing trade opportunity with 3:1 RR
- Price channel breakout (after main 5thouchs)
- 4h reversal candle
- Head & Shoulders on 15min & 1hour chart
- RR : 3:1
- Supporting indicator RSI is down.
- The main event yesterday was FOMC & Fed interest rate announcement (remained @ 2.50).
Patience and discipline is good
- Lockup profit at 111.07ch, take it at...
There is many several type of zone in supply and demand trading method . One of that is DROP BASE DROP or DBD . DBD is type of countinuation base . characteristic of DBD is when the bearish movement is continue after a drop . the significant of this type of supply base , we can determine where is the good price to enter the position after the price reach the zone...
EURUSD has fallen significantly throughout the week but selling strength is also starting to diminish
As the dollar has reached 97 which is a key supply zone, the price is likely to fall and that will cause EURUSD to rebound and climb.
EURUSD is also seen supported by a 3-weeks supply zone and there's sign of reversal.
As today's the last trading day of the week,...
The execution of harmonic trading is just like a swimming or running contest, everyone makes very similar decisions. (--The God of Cookery, 1996)
Here we got an 4hr bearish bat for USDCAD and I believe all the harmonic traders over the world are paying attention to it.
So why not! I don't want to risk to miss the successful standard pattern at all , while I'm...
The price consolidates for the 3rd day as the price continues to retrace.
There hasn't been any significant selling and the price has yet to reach any strong supply zone.
Therefore, the price is expected to retrace further and climb towards the supply zone near 1.00 which overlaps with a previously broken rising trendline.
For intraday trade, traders may consider...
Price At Supply area after bullish Price Change
Potential move to the downside expected
Preferable to wait for a break of 0.91947 to confirm downside move
MP1: 0.91739
Mp2: 0.91531
This is a continuation of my previous forecast on 18th March to short the EURUSD.
As per forecast, the price has climbed to the supply zone and was resisted by a falling trendline at the same time
And just recently, the price made an attempt to break below the rising trendline, bringing up the probability of a reversal from the top.
Somehow, this does not give...
