AUDUSD - 1500 Pip Bullish Run Is Over! After a 3 month/1500 pip bullish run from the 0.5500 area. Price has been moving in a sidewards direction for one month (since 10th June). Price has broken and retested a short term trend line and I am now taking a short position with two TP targets. If price can reach my key weekly level (0.67000) it will result in +250 pips...
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!
Hi Traders! The market is in an Uptrend. As you can see the market is at a Daily Resistance. That is the barrier it has to BREAK to reach the next Level. This idea is a combination of a "Bounce and Breakout". These Structure Levels are supporting the idea: The (pink) Trendline which is giving Support and giving pressure to the price. The 50 Exponential...
Main items we can see on the chart: a) The price found Support on a mayor zone b) When the price reached that level we observed previous situations to understand how the price was going to behave c) Observe the circles; we had a perfect copy situation like the one in the past d) Now we are projecting the possible outcomes in which the price can move ...
Main items we can see on the chart: a) The price is inside a major descending channel b) We observed a bounce on the lower trendline of the channel c) Currently, we can see the price inside a range (yellow lines) d) We have two scenarios after the breakout of the structure e) If you are interested in trading this analysis we will wait for the...
Hello ! Key points : Double bottom, cluster of candlesticks on first bottom Narrow range + low (relative) volume Buying pressure on downtrend I'm defining the resistance (previous support) based on the second gap (Gap2), on the distribution area and on the clear 3-candle swing high. To clarify, above the drawed resistance (previous support) we had a...
Contract - NQU2020 - High - 10739.50 - Low - 10697.75 Current Stats - Gap: UP - Session Open ATR: 248.80 - Daily Trend: Bullish - Major Overnight Events: None
GBPJPY - Break, Retest, 61.8% Rejection! Price has broken the ascending trend line and created a pullback, now rejecting as a double top with wick rejection. With this being said, I am taking a short position on this pair with the TP at the -61.8% Fibonacci level. This results in a great R:R of 1:4 and +170 pips.
Looking to open longs on a pullback towards the respectable ascending trendline in confluence to the 0.618 fib retracement and previous area of support.
Main items we can see on the chart: a) The price has broken a descending trendline b) The price tested two times a major support zone c) We saw a corrective structure (yellow lines) on the edge of the broken trendline and the breakout of it d) If the price breaks above the green line we will take that as a confirmation for the bullish movement e) ...
#NQ_F Futures Session Power Range High - 10648.24 Low - 10599.25 Pretty much trading sideways inside the power range. High relative ATR Current Sentiment: Neutral Change: +0.38% Volume: 131k ATR: 244.37
NZDJPY - Break & Retest Short! After analysing the NZDJPY on the 4H timeframe, I have noticed that price has failed to break above the 70.700 level many times. Price has broken my trend line, a small retest occurred and I can now see that price is retesting previous structure. When looking at lower timeframes (15MIN), I can already see a break of structure and I...