Bearish if... ...we stay longer under the ichimoku cloud and the cloud turns red. ...we break the logarithmic trendline. ...we go below the last down (under 9000). Already bearish bc... ...Kijun crossed Tenkan. ...Last time we closed below the cloud was in August 2016.
Chart should be relatively self-explanatory. A 2nd bottom is likely if the purple trend line is broken.
Hi guys, simple setup on GBPCHF. We've recently broke and closed above a daily structure zone and we're back to retest it right now. Price has formed a nice double bottom and it held the structure so far. Therefore, i'm buying this at market and aiming to take first target off at the neckline and possibly second target up at the next daily structure zone. If u...
Hello ladies and gents, we got: Structure RSI overbought ABCD pattern completion pattern as confluence longer term fib shorter term fib Follow and like for more!
Hey traders in this video I want to revisit the EURUSD idea that I shot to you the the other day, this time with the focus being on trade management and trading psychology. Towards the end I also talk about a potential intaday trading opportunity that is setting up for anybody that missed the initial move. Akil
Going short at this area of supply in EURUSD. Price is giving us a a 3.8:1 Reward:Risk. The odds are in our favor; lets see what happens next.
Aggressive trader can place buy limit. If not wait for reversal candle to enter. Reward to risk is 7.5 to 1
Some say it's manipulation, I am undecided. I just draw what I see. This new sequence seems to be unfolding, it will most likely be slower and more shallow than the last.
Downside movement possible if respection of the TL occurs. Confluence with 61.8, flat div. on LTF Trend continuation. May be a possibility to buy after if the price action completes the harmonic pattern.
The final pair that I discussed in today's video came on the NZDUSD. This setup is still very early in the process, but if we get a higher close on the day, then it looks like we have a good opportunity to continue about 100pips higher offering a pretty decent trading opportunity for you trend traders out there. Akil
Ladies and Gents, As you can see we have quite some confluence in the same area. we have some daily structure ( weak one ) extensions and inversions normal fibs short term structure and a bat pattern als confluence See if it meets your entry criteria and let me know how the trade did! -Matty
Hi everyone, I'm going to do quick update about the Bitcoin Currently, We are in the Short-term Bearish Market. Some factors for Long-term Pullish market: Price Factors: - The price still heading down to the strong Support Area (12270.72 - 13072.54). This area still holding and rejected the price to move down many times. - The price showing some signs of...
Pretty decent confluence zone for a CT trade and later on probably next week for a trend continuation trade
Good position for wolfe wave patern on long position. open 0.78325, target 0.78903 with stop loss 0.78233. From 0.236 fibonacci retracement. following the trend.
so much confluence I can't even read the numbers.