Reasons for -Firstly on the 4 Hour time frame we are up trending -There is a major trend line above us so therefore i believe that is prices next level before any bearish movement -We are making higher swings after coming down to our Trendline below price which is acting as support -We have clearly seen a reaction from this trend line acting as support as you...
Reasons for -Firstly as we can clearly see we are in a Triangle formation -We have had multiple bounces from the Bottom trend line which is now acting as Support -The previous Four hour candle was a doji on the trend line -Now this 4 hour candle stick is forming a nice big bullish candle which signifies Bullish momentum from Trend line acting as Support -We...
Reasons For -We formed a triangle formation having multipale bounces on either side -We broke to the upside -We have got our retest which is key in my strategy and has put in bullish movement -Price has put in bullish hammer and then followed by two strong bullish candle clearly showing momentum to the upside Daily -We can see 3 bullish candles we are in...
Reaons for -Firstly we are forming a triangle -We have just bounced of the trend line with a bearish engulfing -Also a bearish hammer has been put in place -We also tested this area a on Thursday and rejected this zone there fore i believe it will do so again Price action leaves clue in structure :) If we go to the daily Timeframe we can see -Lots of long...
Reasons for - We are clearly up trending - We are putting in higher highs and lower highs - We are getting nice swing highs and structure - Previous 4 hour candle was a bullish hammer (Bullish candle) - We have nice long wicks to the downside which signals more buying power - We are above key level of 0.75000 Daily - We put in a huge Bullish engulfing last...
Reasons for 1.Price has been stuck in box range for a few weeks now 2. 1.08000 Level is a strong level of support as the past has shown 3. Price has put in a bullish hammer and a bullish engulfing 4 .Price also put in a sign of reversal with a tweezer bottom 5. All these signs signify a reversal and possibly momentum to the upside
Reasons for 1.price has been trending up 2. price broke major RES level 3. now price came back and retested the level and put in a major bullish candle 4. price has put in a bullish engulfing taking out 8 hours of downside movement 5. price ready to make a higher high ?
I am back with more analysis. Use them how u want them to use, this is my opinion and my way of profitable trading. I don't recommend following people blindly. U can find the other "tradetostart's" on my instagram : FXB_Buddy Check it out! The link to my website is also on there.
The EURGBP0.18% has multiple times had trouble with the dashed blue line (both now and in the past, go the the 4hr chart!) but has recently broken through it and is now coming back up. We look to short it when it comes back into the 0.7155s again as we then get what i call the "broken fang" setup meaning that price prints lower lows but equal highs. We are also...
Im looking to short gold below the 1178 support level. This will be an attempt to catch price action fall to the 61.8% Fibonacci Retracement level which is at 1164.70. A failure of this Fibonacci Support level to hold will see a drop lower to the 76.4% Fibonacci support level of 1157.83. My stop loss will be placed above 1196. We are currently stuck in a range...