Price has created a double top pattern in 1H Chart, now we are just waiting for a confirmation to go short just below the neckline. Stochastic Oscillator is coming out of the overbought area and we are witnessing a strong bearish candle.
What do you guys think about this entry?
Tested support on top of SG1 2930 sets the next target at 2950 the Mid-point and SG2}2965|2972|2980 with the final target around the Major Level TL3|3000 level.
The market can be a bit correction from the 3000's Area, in that area will be on the take a Sell . first target 2920 and final target 2830 level.
Long trade here based on the presence of a Mirrored Foldback Pattern. If price continues to show such respect to the prior swing structure, then we could see a textbook example of a foldback playing out. Will be interesting to watch this playout over the next few months.
On Wednesday April 24 the Bank of Canada will be releasing their short term interest rates
I will be paying attention to price in the days prior to the news release.
Be patience and let the institutions give you clues as to their true intention!
Some nice pending setups on this pair and I will be trading it this week.
Stay safe with your stops ;)
Expecting a price retracement to the 4750 quarter point in these next couple days, at which time I will be consider my optimal buy entries.
Wait for price to come to an area where you feel comfortable taking a position.
Dont play yourself, trading involves risk.
Stay safe in these markets ;)
Here's a quick trade on this pair.
To buy after price crosses the Bullish Bat PRZ and then wait for reversal signal - candle formation and also check RSI (I want to see oversold at least)
This trade setup offers good risk to reward.
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There is an untouched liquidity above the equilibrium zone. I expect the first reaction to be quick and violent. As long as a weekly candle does not close above 115, I expect a short opportunity caused by a wick.
Please let me know if you have any suggestions or any ideas to add. I can also give you more detailed...
Hi guys, as over previous setup worked very well on eurusd as over other posts,what we see here next is that the pair may head a little more down from now so be ready to see some more downward moves in upcoming time.
Location : Eurusd H4 chart
BEst OF Luck
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Technically oil is in over bought territory. In the daily chart RSI showing over 70 level. STO. Also showing over bought level. Right now market is at fibo 61.8% retracement level. So before OPEC meeting we can expect some minor correction at least. If Saudi increase oil supply then a big drop may occur. We can see oil 50/54 Dollar/barrel again. Otherwise market...
the price comes in bearish trend and brings line of trend with 3 touches broke its previous support and it is testing quite this pulling several wicks the price is losing strength and would be the level being 61.8%
Chart, April 25 2019, 00h10 AM
A short-term downtrend had been ceased temporality, and Gold price is in congestion.
In my trading system, I'll wait for next breakout (either Up or Down) to see next short-term trend.
Hey everyone, today I bring you guys an analysis on XLM.
As we can see in the chart, there is a Bat pattern, with a cluster in the zone 2173-2193 which is the buy zone.
This pattern has a win rate above 80% , so let's check it out!
We can also see that volume is decreasing while price goes down, this means that this dump is losing it's power , which is bullish...
on the weekly chart we see a dripple top right now on FRA40 the stock market index from France.
Let see where the next daily candle close. If we see a dripple top so we can go short and catch many pips.
Let see what the next days bring to us.
I will set only 4 trades with different targets, as investor and trader you must share your risk on many...