1. Daily fib has reached 1.18/1.27 extension zone after a shallow retracement. 2. PRice created a swing high formation after consolidation. 3. Price broke the 1hr trendline I am looking for a price to move to at least the 38.2 retracement zone.
... And the Price Levels. (Ought to speaks for itself.) Same as the Title Chart - less distorted;
A strong upward trend has been broken and is now ready for a fall on multiple TFs, a major "brick wall" has been broken and lower highs have been made proving a break of structure on multiple timeframes. I personally, would like to see a rejection of the channel, resistance and a potential head and shoulders forming
According to my price action analysis the buys should be exhausted at this point because the H4 resistance is holding so we expect price to fall down to 129.707 as our tp1 a slight retracement the down to our Tp 2 at 129.544 with a stop at 130.056 then move SL to break even and let the RUNNERS RUN to Tp3 user proper RISK management GOOD LUCK TRADERS
ETH is about to touch all time high resistance back in the middle of February. I believe that ETH not only kiss the resistance but bypass it and continue to moon. Correction seems to be over. But as always, nothing is guarantee. My Simple price action strategy will assure you with big gains with little losses. Message me if you want to know how to utilize my...
Channel 1: > Lasted ~1 month and ended with bullish push. (1 Day Timeframe) Channel 2: > Lasted ~2 months and ended with bullish push. (1 Day Timeframe) Channel 3: > Lasted ~1 month and ended with bullish push. (1 Day Timeframe) > Important channel, created support/resistance for channel 5. Channel 4: > Lasted ~1 month and ended with bearish pull. (1 Day...
Quick follow up on the previous projection for the Bitcoin price action based off Fibonacci levels, patterns in time and basic wave market structures. So far the Bitcoin price action has been following the path projected on previous idea. At this very moment it appears to be reaching the end of the second leg inside our main leg down towards the ~40k area forming...
Happy Weekend Traders, Thank you for your likes and questions. If you have any queries feel free to message me. I have had a few questions around how I build my analysis for the week. Here is one idea, I am looking at, I haven't placed a trade but is on my watchlist due to the below: Bias: Short USDCAD Type of idea: Swing Please note: This chart is 4hr...
EURGBP 4HR TIMEFRAME Market Structure: Bearish EURGBP is on a bearish momentum to take out previous buy liquidity. There's not much consolidation, which confirms my confluence that EURGBP will continue bearish. TPS are marked. Since I marked this during NY Session, I would wait until London Session to hunt for an entry. REMINDER: Always take...
Hi dear treaders, Atrium is moving in the ascending channel. After correcting and bearish yesterday, If buyers are unable to keep the price above 1750$, the price will return to the support of 1543$ and then 1462$ support. And then continues to move inside the chanel. The first resistance is 1800$ and second resistance is 2000$. Wait to breakout completed. If you...
There is a bullish trend on the WEEKLY timeframe for the AUDUSD pair. On the DAILY timeframe there has been a couple of different support and resistance ZONES. On the H4 timeframe we can see the 1 and 2 ZONE. Currently, the price has extended to no man's land. The final candle shows that there may be some bearish pressure as indicated by the bottom wick. In the...
NZDUSD 4HR TIMEFRAME Market Structure: Bullish The purple rectangles that are placed are the equal highs/equal lows. I see a lot of liquidity where I placed the purple rectangles. Since it broke previous equal highs, I'm waiting for a retest right back toward the purple rectangle (resistance), then back up towards the green rectangle line which says (NEW...
Good day traders !!! On gold we are looking at a short setup because we got again into the descending channel again and it seems that we had some sort of fake breakout of the trend line. Also we just completed an "M" formation on the daylight timeframe and we retested the neckline and rejected it. We are looking for a short setup on the short term but be cautious...
Good Day Traders !! On Gold as we expected the price dropped to the demand Zone and broke the trend line ! On the Monthly timeframe we have an overextended W formation and we just tested and rejected the neckline. Down on the weekly timeframe we have an "M" formation and we have confluence between the neckline of the weekly and Daily "M" formations. Also it...
- double big up & down bar is mean the price is rejected the resistance + supply zone - after breaks-out the head & shoulder pattern, the price is in the up trend - short will small position to demand zone or long when price test demand zone + support level with clear price action - if you look the volume, you will see it is increase around the head & shoulder...
- Strong demand zone 1st was formed after strong buy by SHARK with BIG BULL BAR & BIG VOLLUME - Wait Price Action or Buy Limit around the demand zone - Entry, Take Profit, Stop Loss as the chart
- the price is tested the demand zone - BUY LIMIT around demand zone and TP1 around 1upply zone 1st. TP2 around supply zone 2nd