Expanding Correction can work. Beacuse of that looking sell
This is a full breakdown of my perception of price action on higher time frames! I take my entries using smaller time frame confirmation and you should, too. If you have any questions about this trade or my strategies feel free to ask them in the comment section below! Let’s make some money together!
Main items we can see on the chart: a) The price made a bullish movement after breaking the previous compressive structure (yellow lines) b) Currently, the price is inside a corrective Structure (purple lines) c) We expect a continuation of the bullish movement if the price breaks above it d) The Target will be the Support Resistance Zone e) We...
Clear swing trade, looking for price action. Most likely to go long, watching all situations. Trade safe!!
Right now, I think CAPR still has ways to go prior to the swing pre-entry. It is close to meeting the expected charting target for a short than rebuy. I reiterate the point I have said in the past few days. The fractals and RSI being bearish for the current trend point also makes it seem obvious. As always, please do your own due diligence. Everything I say is on...
This pair did break a major area of support today and I'm hopping to continue the momentum to the downside. I'm looking for a TP of 1.33600 area. My previous projections on July 19th, 2020 of 134.382 hit TP. I'm still overall bearish on this pair unless the market gives me otherwise.
Eur/Usd Is looking to drop some, my guess is that price will fall to the 61% mark on my Fibonacci Retracement . After, i'm expecting price to rise to around the price of 1.18580. Im going to set a buy limit order at the 61% mark
Main items we can see on the chart a) The price has broken a clear range (yellow lines) b) Based on the Weekly chart, our Macro Target is the Higher Trendline of the Descending channel c) We expect a trading opportunity if the price makes a corrective structure on the broken range (yellow lines) d) This corrective structure must be an ABC pattern on a...
Main items we can see on the chart: a) The price has been inside a Daily Flag Pattern / Descending Channel for more than a year b) Last 2 months we saw a corrective Structure on the Edge of the Descending channel and we created two possible scenarios (Long and Short) c) The confirmation for the Long Scenario was the breakout of the upper side of the...
GBPJPY approaching daily descending trendline in confluence to the 0.618 fib retracement and a potential rejection is possible.
After another push we'll have a 4th Wave against the Trend.
Looking to open shorts on the back of the broken ascending trendline in confluence to our 0.618 fib retracement and previous level of S&R.
Looking for a pullback to create another LH on the lower ascending trendline of the parallel channel. Will be entering longs near the 0.618 fib retracement in confluence to a previous S&R area
The S&P500 is looking to return to it's high of 3394. Taking a look on the 4H chart, price action is looking morning starish on this uptrend. A retracement is bound to happen between the 3315 & 3345 areas creating S&R levels. The current position we're holding is waiting on the bullish candle to close above 3280 on the 1H in order to enter the trade going long....
Hey Guys! I captured a great long trade on EURUSD - 1 hr today. Ill break it down: As I was scanning the markets I noted that my trend accelerator indicator flagged a long entry on my EURUSD chart. I went ahead and did a bit of my own technical analysis to further validate the idea, and I noted a beautiful descending wedge. Additionally, the signal came after...
The current CADJPY breakout is a signal of the bullish strength and I expect bullish continuation. There is a nice diagonal support that might guard the movement, however, the the surge up might be a quick one too. TRADING PLAN: IF daily candle closes above the level>> Long after the pullback. The pullback is reasonable to expect due to almost overbought...
USDCHF has broken below 0.9570 mark and now our next target will be 0.9380 mark. The pair was moving sideways for sometimes and currently, it broke below strong resistance point which is at an important Level. The fragile USD has created the opportunity. It is surely an important level has been broken at 0.93600 and targeting the 0.9200 level.
Looking to enter shorts on the back of the broken ascending trendline in confluence to our 0.618 fib retracement and previous level of S&R.