In my opinion, the beginning of the week should elapse for the local correction towards resistance level at 1.09 and 1.0938. Another fairly distant goal can be the level of 1.10. Higher price levels should be a good opportunity to open short positions. After adjusting I expect further declines toward this year's lows (1.0709) It should be emphasized that the...
Price closed Friday near a S/R zone after becoming overbought a week before. Now, it seems likely that price will fall to the red support trendline as a result of that, and the Earthquake that hit New Zealand. Therefore, it will likely follow the red arrow down to the trendline.
SPX 500, entering in sell zone,wait for a good signal before jump in.If it pass this area, look for sell at 2178.5
After the recent strong decline should expect a correction. The downward movement already has almost 200 pips. Resistance level of 1.1050 and 1.1079. It is worth emphasizing that when it comes to breaking the Wednesday minimum (1.1004), the supply should be directed toward support 1,0970-80 and only with this price level, we should expect a corrective movement....
The situation on the Eurodollar market has not changed significantly, despite the recent volatility. All the time stuck in extended trading sideways around the level of 1.12, which is around 61.8% fibo increases the level of 0.8231 - 1.6038. However, there is thing I would especially like to draw attention. Looking at the graph interval of one month, we note that...
The shape of the candle daily may suggest further declines, but whereas the Wednesday meeting of the FOMC, it seems more probable expectation and thus - lateral trend between 1,1149-1,1180. More likely to see declines in the evening and the movement of such could take place after the meeting of the Fed. Therefore, you should reckon with a fracture of the recent...
Today there was to break above the downtrend line, drawn from the top level of 1.1617. From a technical point of view, the demand side gained an advantage, but I do not think that further increases could be continued without the abolition of part of the gains. Therefore, Wednesday's session may take for correction. In my opinion currency pair should move between...
Currency pair after Friday breaking above the downtrend line (drawn from the summit at the level of 1.1617), in the second part of the day back below of that line. On Monday due to the Labor Day in the US liquidity may be lower, but the demand side will try to correct some declines. Therefore, the movement toward the 1,1174-86 seems very likely. Considering the...
Still playing around with Fib time zone. I noticed that a trend a setup a while ago is crossing a trend and strong support area I set up this morning, are all crossing on a fib time zone retracement. I don't know yet what direction it will take but I expect a strong move to happen around this zone, to monitor !
short set up after entering and leaving the zone
little push up in the zone will lead to a nice short..entry after leaving the zone again.. i would like to see a trendline retest
Reasons to sell: - Departing from daily supply zone - Up trend line broken by newly formed supply zone - 4hr demand zone has been re-tested multiple times (4) and unlikely to hold - Favourable risk to reward ratio to next demand zone
Saw this ABCD pattern which might be heading to a Three Drive Pattern after bouncing off the .618 retracement level. I'll keep following this pair, I might go long if the price cross above .76240 but I'm mostly using it as a lab to try a couple new things. First one is using divergence when able. I don't rely on it yet to confirm my ideas, I just try to spot...
On Friday, there was a strong declines. Currency Pair stopped at the support of 1.1179 (38.2% abolition of inheritance from 1,1617- 1.0909. The end of the week there was a little higher at 1.1195. Looking at the chart EURUSD in the coming hours, we can assume that the new beginning of a new week, he should bring a growth rebound Friday session. Therefore, one...
AUDUSD has nice confluence of multiple timeframe zones with the Weekly and Daily timeframes and a good second pullback to the supply zone. The other nice thing about this is the trendline to the downside.
As we all know, not all trades work out. Again this counter trend idea didn't work out. As we saw no confirmation off the daily to support the bounce off the trend line and zone confluence. I believe that following the trend is hardest and best way to always go. You will have losing trades even when following the trend so why compound things by looking to pick...
On Tuesday there was a strong growth, which broke last important resistance. Overcoming the level of 1.1233 is a signal that there has been to knock the mountain with more than several weeks side trend. The currency pair reached the 1.1322 level, which covers the cleft of 6 June and represents around 61.8% abolish inheritance from 1.1617 to 1.0909. From a...