Traders, pay close attention! The GBPCAD pair is currently showing clear signs of entering the markdown phase within a distribution pattern. 🇬🇧🇨🇦 In the context of the Wyckoff distribution, the markdown phase is a crucial stage where the price undergoes a controlled decline after prolonged accumulation. This phase often signifies a shift in market sentiment from...
okay... - first things first we brokeout of a range on the daily that has been going on for about a week - on the H4 the breakout candlestick closed below the support of the range and the next candlestick retested that level of structure - pretty straight forward break and retest setup, take profit is at 12420 which is the next level we might go touch and stop...
hope all you man are good here's what i see on igolide! - on the weekly and daily we are strongly bullish as seen by the long candlesticks - down to the H4 market broke out a level of resistance and retested that level as seen by he long wick on the current H4 candlestick - on the M30 and M15 i am waiting for a higher low point to make entry - my stop will be a...
i hope all you great traders are doing well! here are my observations on gold... - at the market open of this new week, a gap was formed and since open price has been around the 1887 resistance zone - on the H4 we can see 4 candlesticks respecting that zone and showing signs of a bearish move - a consolidation zone was formed so a break of this zone will show us...
happy first of the month!! hope we all have profitable months :) so here it goes... - on the daily market closed below the downward trendline yesterday - down to the H4 a bearish engulfing formed closing two previous bullish candles - a head and shoulder pattern formed which is more clearer on the H1 - entry could have been taken at the london open where the...
imbalance from perviouse structure high, vale area high. target 1.29812 tp
lets get straight into it... 1. on the daily we are bearish as seen by the lower highs and lower lows 2. the large bodies of bearish candlesticks show a huge amount of momentum 3. market brokeout of the upward trendline 4. currently market is retesting both the broken support level and trendline and shows huge rejection as seen by the long wick 5. expecting...
hope you lot are blessed and are having a great day where ever you are! so my current take on nas100 is as follows : 1. about two weeks back we broke through the neckline of the daily double bottom and we have been in a range for the whole of last week as seen by the rectangle 2. at yesterdays new york open the market showed signs of being strongly bearish...
NASDAQ:TSLA watch the zone... it depends on where we open tomorrow morning. my bias is we open at the zone. if the market opens weak im looking short and if the market opens strong i wont trade it long. ill wait for it to hit the resistance and trade it short.(just because the overall trend is down) my bias is bearish just because the buyers didnt made the...
Good morning to all of you :-) I hope you are well ? Today, I decided to just show you an heat map of the BTCUSD (4 hourS time frame). The picture is pretty clear and the chart speaks for itself ! What do you think ? Any comments are welcome :-) Have a great Sunday and take care All the best Ironman8848 PS : If you like my analysis, please do not forget to...
Just wanted to share some info on the calls from last week and some updates. We are now in the zone mentioned a nice catch of a short $14,000 drop on the "Crypto Beast" Wyckoff structure has played it's hand and it was beautiful. One happy chappy! Now we are at the zone, expecting a slow move up, some addition sideways consolidation before a couple of traps...
D1 : Doji top followed yesterday by a bearish engulfing pattern is confirming the ongoing bearish tactical price action in a still strategic bull trend ! Watch H4 and H1 for further development H4 : Yesterday's intradayprice action triggered the expected downside move towards a low of 43750 close to the expected target zone of 43000 ! ...
I have been trading for 4 years now, and have been through bull markets and bear markets. I've learnt a lot about the markets, but I've learnt even more about myself. Trading will give you incredible self-knowledge, because it tests your emotional relationship with uncertainty. You have complete creative freedom in an environment where riches and ruins are both...