GBPAUD has traded out of a major consolidation/accumulaltion period before dropping price and retesting the accumulation zone before a nice move to the downside. We will want to watch price make a lower low on the lower time frame and a minor pullback before getting into any shorts to the downside. I hope you guys have a good week ahead, as I personally am taking...
wait to broke a falling trend line at 1.34630 we wait a retest and take a buy postion ,The scenario differs in case closing a 4h candle below 1.33700 It will break the triple support
BTC Triple Top Pattern w/ break below pullback lows week of 2 May. ** Pattern complete, fully into mark-down/declining phase ** Longing here = high risk, rallies have high failure probability. Wait for accumulation trend to clearly develop before entering long. Useful reversal signal on Weekly TF would be MA6 crossing above EMA18 along with OBV reflecting...
Wait to see the price trade above 1.38100 to confirm breaking the triple top to take a swing deal that reaches 400 pips. The price is rising from a historical support that achieved a double bottom inside the falling channel, and I expect broke a channel for long term
If we look closely into what has been happening since yesterday on a lower timeframe, we will notice how it appears that price action has been rejecting the Bearish trendline identified on the daily time frame. In this regard, I want to be looking forward to selling opportunities right below the key level identified at 1.36900 Risk Disclaimer: Margin trading in...
Just a theory. I still believe that "crash/dump" will occur, but hey, we can be wrong can't we? :D Just wanted to make this a record in the event my brain was correct and my conscious thinking was wrong. ;)
This is a follow-up detail on the publication shared during the weekend (see link below for reference purposes), where we already have a counter-trend opportunity running with over 160pips (2 positions) in our favour. With the current consolidation pattern projecting a triple top look-a-like structure since yesterday morning, I am anticipating the confirmation of...
The trend was going to the upside failed to breakout making a HH(higer high)then obviously it had to create a M formation going to the downside making that a double top but in this case we see a triple top then we entering our sell positions
USDCHF confirmed its medium term bullish by breaking its MA 200 Weekly & its Median Channel (from November 2020 to September 2021). As expected USDCHF Broke and held above 0.9547 and hit the target (0.9639 & 0.9650). Now, USDCHF is heading to Strong (Adjusted from Strongest) resistance at 0.9901, running above its Upper Channel. Break and hold above 0.9901,...
Considering the long term bearish momentum coupled with a reversal set-up on the 1H time frame; It is advisable that we look out for selling opportunities at this juncture in the market. So with a key level identified at 1.355, we shall be using this level as a yardstick for our position. Risk Disclaimer: Margin trading in the foreign exchange market (including...
Note of my overall sentiment of the market. It's going down. All the chop over the last year has made a (ugly ass) triple top. $SPY is just a few ticks away from reaching the neckline @ $415ish. I think one of two things will happen. 1. It will bounce maybe to the $420s to $430 and retrace back to the neckline then ultimately break the neckline 2. It will close...
Formation of triple top pattern in biocon at top keep looking
The price is creating a descending channel on the daily timeframe . The price created a double bottom on the weekly support, 4.35$ on the 4h timeframe the price is creating another descending channel. How to approach? The price is going to retest again the 4h support on 4.60$, if the price is going to lose it we could see a new retest of the weekly support, thus...
Good morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a NZD/CAD Sell. As you can see by al the lines and note son my chart, I have been busy on this...
If you haven`t sold earlier: Then you should know that OKTA is heading to the $132 support. It should bounce from that strong support.
79.5 and 100% Fibonacci Channel Retracement Downtrend Targets. Full Reversal Continuation.
time frame 1h, the candle make triple top pattern. Be careful bearish
FX:GBPUSD In our earlier post, we identified a short setup when price broke below ascending trendline AND retested resistance with confirmation. As it turned out, it was a false breakout and I got stopped out of my trade as well. This is why a consistent strategy and risk management is so important; As attractive as a setup may be, it simply reduces the element...