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.
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 ;)
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
"Trade At your Own Risk"
If you you want to learn how we do it just Dm Us Here Or Any Other of Over...
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 ;)
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 brain does not like repetitive losing.
Be sure to stop trading after 3 losing trades in a raw!
2: Create a trading plan and stick to it.
Successful traders have a plan and they trade nothing but the plan!
3:Manage your mood:
If you are ill, cranky, depressed, or sad, STAY AWAY FROM TRADING!.
4: Keep detailed records:
A trading log...
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...
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...
Our analysis on GBPJPY:
Price doesn't move strong even after divergence spotted .
1. GBPJPY tested the long trendline and cannot make higher high.
2. GBPJPY leave the long trendline after test it.
3. Stoch indicated divergence before but leave weak impact.
We believe the price have higher possibilities to move short and if the price...
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...
on USDCHF we will have a great short option right now after a dripple top, lets trade the reversal and maby
the break of the bullish chanal of the last weeks.
This is a swing trade.
Your Stefan Forex
GBPAUD looks like it is setting up a textbook midweek reversal showing signs of long opportunities on the higher TF.
If this zone does not hold for the long can expect GBPAUD to break and retest to the next zone
We just saw an inverted hammer almost at the top of the channel, and considering the last few times, XRP tested this top trend line it got rejected and this trend line coincided with level 0.38 ascending Fibonacci retracement we will place a short entry to try to get some pips with it.