Took this short LAST Friday/one week ago and instantly knew it was too early, but I held. Doubt it falls much farther.
I am looking to see if there are still unfilled orders in the 02 area. if there is we should expect a move down and away. this is the only trade im looking at today as going long this week is more risk than I want to take.
Another clean setup on the USDCAD pair. This time we have the Bearish Bat Pattern completing at 1.3318 price level, which I am interested to add on to my existing long term position short. Entry price: 1.3318 SL: 30pips above Point X TP1 and TP2 as shown on chart Extended targets at the completion of the Bullish Bat Pattern. Do like and share this post. Follow...
Price has been pushing higher towards a fresh supply zone at 1.68111 level. Price previously have a very strong drop from this area. Potential 200 pip move
After a nice break above the psychologically significant 1.5 level and trend line resistance, EURCAD is poised to continue its upward momentum. Further, I don't see too much defense on the way up. The 1.518 level is lurking above (yellow ellipse) but we've already witnessed two previous drops from that level, all within 50 pips of each other. In other words, there...
we have clear break of structure last weeks candle ended as a bearish pin bar in a supply zone we have major confluence in the market expecting a retest and a huge move downwards
BTCUSD has two scenarios. Breaking two trendlines would push price to 6000$ (maybe higher), but breaking demand level would reach 2000$. Wait for either scenarios to happen and then make the trading decision. Best of luck, Feel free to follow me for more ideas
EURGBP is reaching demand zone. Sellers are in profit. In 4 hours Theresa May is bringing out news about Brexit negotitations. The price might be manipulated by sellers. Watch out for the speech and then make the trading decision. Follow me for more highly profitable analysis
speculate that price will reach multiple supply zones then bounce back downwards resulting in multiple short opportunities reasons: downward momentum, price reaching supply
Good morning, traders. Price has finally dropped below support and should be heading toward the lower target now. The measured move off that triangle/ascending broadening wedge breakdown is $3750 which is also the 38% retracement of the February 7th move up. As mentioned the past couple of days, that general area should give price a retest of the 2.5 month old...
Good morning, traders. Stragglers are still FOMOing in on their buys which has buoyed price overnight. While there's always the possibility that price could continue up from here, it still appears most likely that we will get a retracement as discussed yesterday. Price has printed an ascending broadening wedge since yesterday. The target based on this pattern is...
I am a big fan of numbers. People like to make up numbers too. Popular numbers to many, are well just that- popular numbers to many. Watch this go down. This is going to blow your minds haha. - Namnaste
Combining VSA with WRB (Wide Range Bar) analysis to be able to spot imbalances between supply and demand can be an extremely powerful tool. This is the highest priority entry rule I have when deciding to enter a trade or not. I am not going to discuss on how to use them for entries, but I will talk about this subject so you will get a clear understanding why WRB...
If price reaches 0.00464, there is a high probability that it will drop from that hourly dbd supply zone (green) for at least 66 pips. It also helps that the hourly dz stems from a DAILY demand zone (red), price just broke through hourly uptrend line (green) to start a downtrend and there seem to be more sellers than buyers.
We seem to be pretty clear above a nice supply zone. Buy and let it ride to 77.050. Conservative investors can attempt a pull back buy @ 76. Set stop loss @ 75.25. You should be receiving a 1.25 - 1.35r
Here we are looking at USDCHF from late last year. This is the storyline 1. Price is in a clear downtrend 2. At new lower ground, volume suddenly picks up violently and further down move is absorbed by buyings. Are the Smart Money suddenly buying here? 3. Here we see a quick shakeout on high volume which is quickly marked up again, the bar closes in the middle...
EURUSD is set to climb further this week as it attracted strong demand from its 3-month demand zone around 1.126. At the same time, the dollar has completed a Gartley pattern based on the D1 chart which technically suggested that the price will start to fall. As demand starts to drop for the last 2 candles, it is a sign of a lack of buyers at the current price. So...