Pair is showing change in direction with the reversal structure its making. Bigger picture structure ascending wedge with abcde correction, price at (e) preparing to start trending. smaller m15-m30 stucture @ (e) correction is a triple top, price recenty broke neckline of triple top in m30 and is currently coming for retest, more downside movement on the way
Called it a week ago. If you saw it and traded it , you are welcome lol!! :)
This pair has made 4h & 1H reversal pattern. A bigger picture ascending channel with abcde correction & a smaller reversal pattern, (within the bigger pattern )1H Ascending broadening wedge/ or you could say its also a ascending channel. Price recently rallied down and broke the smaller 1H stucture (ascending channel/ ascending broadening wedge), price made a...
This study is for demonstration and educational purposes. We see the possibility that bulls are losing momentum as price reaches the current key zone as noted. Additionally we see formation of possible ascending wedge, which techincals tell us that we could be in for a droop. Price action at current key zone as noted is key. Will price reject attempts to rally...
H1 and H4 showing a bullish channel with a possible channel break and retest. Retest may or may not present itself as a head and shoulder pattern or sideways movement followed by subtle stop hunt high and drop. D1 order blocks insinuate that we have trapped volume in the buy and so the bullish trend on lower time frames may be seeing an imminent end!
I have been on the sideline watching how things are playing out. Lookout for price at 14.55 and 14.31, Price could break or respect it.
hello traders,thank you for looking at my idea. As we can see on the chart above,it seems like price just hit an extreme point but for a safe entry we will first wait for a pull back then sell the break out of the level indicated.
Have been shorting this since last year and it’s still a bear. 14.54988 represents a critical support and resistance zone. price bounced and rejected off this level multiple times. At H4, price broke the ascending trendline and has pulled back, CMP currently at 61.8% fib level. If price breaks above 15.00000. setup will no longer be valid
I think the price will slowly fall down till 50% or 0% of Fibonacci level during the next week and will jump back to R15 level (161.8% Fib level) by the end of February.
I'm anticipating a Double top on USDZAR h4. The pair broke the trendline signalling a potential move to the downside. Now we wait. RRR is 1:3 but, I think we can hold longer.
2,500 pips on two position secured in the bag already, if you are not in yet, look for a possible pullback to enter. My 3rd position is still active, i will ride it down. If it pulls back, slam it with another entry!
If it is useful for you, support that with your likes/comments and if you have your market view, please share it in comments also, you can ask me questions... Have a great day everyone!
USDZAR D1 -A+ SET UP -Strong Resistance - Key Zone - Pin bar =Sell Signal
Please refer to the idea linked below for study as it relates to this idea. This idea is for demonstration and educational purposes and does not constitute a signal to sell. We see strong wick rejection at a key level and also the 200 MA serving as possible dynamic resistance. We do know that for the past three weeks we have seen bullish momentum building. We do...
We got a really good confirmation on this one, we got a descending trend line, converging with a broken ascending line, a .61 FIB level, a retest of the old broken support zone and two good candles rejects at those points. To get a good and secure entry point i would like to see a close below of that 4H timefram line and support (14.4300) To see the full...