(red downside trend line based on H4 time frame and Blue trend lines are based on daily time frames)
- daily downside trend line (blue) being well respected until now.
-monthly, weekly and daily M.A's pointing bearish.
- daily trend line well respected making lower lows bellow the blue daily rectangle.
I think it will go bearish next days (H2 M.A's have already...
Here is a major breakdown of USD/JPYu before the market open. It is 10:08 am on a Sunday here in Fort Worth, TX.
Top Down Analysis is the key to my trading so providing you ladies and gentleme an insight in what I see with my favorite pair.
I have not traded this pair as much since January 2nd, mostly because of the flash crash, but I am starting to see this...
Watching this week to see if price follows my expected prediction for this pair, for possible long plays. Top Down analysis and later following it up with my trading strategy to get a nice trade going to start off the month of February.
Analysis: Price seems to be correcting before pushing up to possibly complete a 3-wave pattern corrective pattern before more...
After the Bears took control at 1.36500, a very strong bearish momentum has pushed the market in a strong downward trend, retesting off resistance zones as it continues to decline.
As our previous trade successfully closed breaking past both of our targets. We are looking for another retest entry to profit from the bearish momentum.
Steps needed:
-Price needs...
Rejected the weekly resistance level with spinning top and pinball formations.
Met 61.8 fib level on the daily and wasn't able to take that out and saw bearish momentum shortly after.
Seemed to be a false breakout of the daily trend line and now we can see price action coming back to the downside and below the 8 EMA which confirms that this trend line should be...
So this is my first published chart work on Trading View.
Using the fibonacci tool, I see the price action hit the 0.0% on 11/4 and then spiked close to the -27.0% on 11/7
Then after dropping down to the 61.80% and testing that zone for a couple of days before a spike down to the 78.6%
all while pretty much respecting the trend line and counter-trend...
Here is a quick video explaining what I see happening for the upcoming week with AU, it is a top-down analysis from the weekly timeframe down to the 15 minute. If you enjoy the videos or want to know more, hit me up from the places down below!
Contact Me:
-Instagram: @krystianstreit
-Facebook Course/Community: Alpas FX - Forex and Crypto Currency Trading
Have a...
So here is what I see playing out for the upcoming week with EURUSD, it is my bias and style of trading from the Weekly down to the 15 min chart!
If you enjoy this style of trading and want to learn more than please reach out to me and I would love to help, the best places to reach me are below...
Contact me:
-Instagram: @krystianstreit
-Facebook...
If structure holds this pair should bounce back from its bullish trend line since the start of last month, and with added confluence of the 61.8 fibonacci level, we should have seen the end of this downwards correction. The bearish momentum of USD/CAD has been overturned since coming out the daily parallel channel and subsequently this pair has been forming higher...
HELLO ALL THIS IS MY ANALYSIS BASED ON PURE PRICE ACTION ON BTCUSD AND THIS IS HIGH PROBABILITY TRADE WITH RISK REWARD 1:2 . SO MUST TAKE THIS TRADE ….
HOW TO TAKE THIS TRADE?
ONLY TAKE ENTRY ON THESUPPORT AREA MARKED ABOVE AS BLUE AREA AND TAKE ENTRY ONLY WHEN YOU GET ANY GOOD REVERAL CANDLE LIKE EVENING STAR , ENGULFING CANDLE OR PINBAR …
STOPLOSS IS RED...
HELLO ALL THIS IS MY ANALYSIS BASED ON PURE PRICE ACTION ON EURUSD AND THIS IS HIGH PROBABILITY TRADE WITH RISK REWARD 1:2 . SO MUST TAKE THIS TRADE ….
HOW TO TAKE THIS TRADE?
ONLY TAKE ENTRY ON THE RESISTANCE ZONE MARKED ABOVE AND TAKE ENTRY ONLY WHEN YOU GET ANY GOOD REVERAL CANDLE LIKE EVENING STAR , ENGULFING CANDLE OR PINBAR …
SL IS RED LINE MARKED...
I know not a lot of people normally analyse the dollar index, my broker does not support it but can still analyse this.
MONTHLY CHART
On the monthly chart biggest dollar weakness seems to be over. The facts:
-Price dropped of like a year ago, broke lows, so created a downtrend. Price recently tried to break highs to go bullish again but looks like it...
I'm expecting buying pressure to be present as soon as price retraces back to our previous resistance,I see a confluence of an AB=CD move terminating at 1.5800 with a 1.272 fib extension and a 0.618 retracement exactly at that level.
As we are looking for GBP to continue to gain strength we can determine we may see FTSE100 fall. Correlation shows the stronger GBP gets the more likely they FTSE100 is to go short. Looking for short opportunities into the key level and 1.618 golden fib ratio of 7190-7200 before looking for a long position.
Continuation Buys in order on GBPCAD as we saw GBPUSD push higher and close above the key level of 1.3300. Looking for short term short positions from the resistance zones back into the support zone for a continuation long trade.
1 minute ago
This is my first post and I will like everyone reading it to maintain an open mind as I will be analysing the GBPUSD 0.03% chart based on current price action. Later I will discuss my trading strategy (and a bit about my 11years trading background) which should be easy to follow and do not hesitate to ask questions in case you felt I left certain...
Hi guys,
i want to bring your attention to this situation on CADJPY. Here we are on the 4hr chart but i usually start my top down analysis from the daily. On the daily i've outlined with the black line the structure level where price is sitting right now. This is the first thing i look for to create a case for entry.
Also, in the dialy timeframe price has recently...
I belive Eurusd is going to head back into the 1.14586 area to retest a key support level. Currently price is in no mans land. Once price reaches the key resistance level drawn in, we will be looking to sell it off to our first take profit level of 1.09456.
So for now this trade is going to require a lot of patience, as we will not be looking to do anything with...
