Chart shows the possibility of the double bottom pattern and it's target.
Chart shows the possibility of the Double Bottom Pattern and it's target.
We had a lovely drop during FOMC, but the market failed to continue and break the indicated Daily Low. We have seen a sharp recovery and an overall bullish market structure. Therefore, I believe even today we can either continue with that bullish sentiment or just range. Of course, we can have a bearish price action and a much deeper pullback that what I...
AUDUSD is in a corrective formation in the hourly chart and is set to continue higher. The previous broken resistance at 0.7270-80, alongside with PP0, Bollinger Bands and EMA89 provide excellent support for this scenario. So we follow it with Buy orders at these levels, add more at 0.7275-80. Stop will be set below 0.7250 and targets 0.7315 and 0.7330
GBPUSD broke the resistance at 1.3700 and the daily candle alongside with the xtreme levels in the hourly RSI show that the move is going to continue higher. Shorts could be tried at these levels for a retracement back to 1.3710-20. Any retracement will give an excellent BUY opportunity
AUDUSD is approaching combined resistance at 0.7278-80(previous highs and R1). We are waiting with Sell orders at 0.7278. Stop above 0.7305. TP at 0.7255
GOLD. Price continued higher to the next level of resistance. Now the pullback looks like it is over. There is an open target at 1720 area. We are sellers again at these levels for 1720 open target. Stops above 1797.
SELL now at the top opf the sideways formation in a downtrend. We are expecting price to make one more wave down in the sideways pattern
FB has reached the previous base. Now we are expecting a right shoulder to form. Initial target 375.00.
SELL now (128.50) SL@128.91/ TP@128.05. The pair needs one more leg down. The pullback at the upper Bollinger, previous lows and Fibo retracement alonside with an hourly reversal candle, gives us what we want for a potential winning short trade...
Now that the stops are cleared we are Buying the reversal candle at the 4H chart. STOP at 2770, Initial target at 3200
Silver,D1: Support level + Bollinger bands + Hammer + Oversold + Correction
As you can see, on the 4hr chart, the MACD and RSI have both been forming bearish divergences for a while. Since we have also been trading in a range I think it is likely that we break down out of the range and fall to a significant support (~37K) Good luck everyone! Ps: I know this is very similar to my other idea, just thought I’d provide a longer time frame...
Opened a few short positions throughout the day, and held them. The goal was to open another entry upon the violation of the H4 trendline. I missed this entry but no harm done. I have two potential moves in mind. 1. Price may retrace bank to the trendline for a retest before continuing down. 2.Price may break below current support (maybe retest) and continue...
We have already banked 27 pips of this mornings long trade before the new short trade presented. New trade details are shown on the chart. We are working the 30M time frame on this strategy. We're only looking for the green line which is take profit target. Trade entry is the white line and purple line is stop loss. Trade history can be seen below this trade...
Entry details are shown on the chart. We are working the 30M time frame on this strategy. We're only looking for the green line which is take profit target. Trade label has entry details and purple line is stop loss. Trade history can be seen below this trade idea too for full transparency. Previous trade which was also a long can be seen on...
The truth is the markets will go where they want. Currently reviewing open trades I'll be carrying over to Monday and this is one of them. Been in this trade a few hours now and still hovering around the entry price. Strategy has tracked the moves well this week as you can see from the previous trades on chart. Entry details are shown on the chart. We are...
Entry details are shown on the chart. Working the H1 time frame on this strategy. We're only looking for TP3. Trade history can be seen below this trade idea too for full transparency. Last trade took six days to land. This strategy is one for those who can sit on their hands 😆 ------------------------------------------ I try and share as many ideas as I can...