Potential forming Transient Zone (PTZ) invalidation trade
After breaking 8900 important resistance zone last week DAX recover compleet from the 8400 resistance. The oversold RSI bring DAX up again. DAX had a false breakout from 8900 , and DAX return back in 8900 supportzone. The new earnings season bring good results mostly , and DAX will recover to make a positive balance for 2014. We wait for second test from the...
USO has broken it's uptrend a few weeks back, and since has been heading violently lower with no signs of stopping, at least not yet. Not in my eyes. I had a plethora of converging indications, so I've marked them in the chart A - F, and then explained my trade setup. Good luck. A) RSI has broken above the 35 level, but this is likely because it bounced a bit...
Since February, GER30 has tried to cross the demand zone, however after multiple attempts, we haven't seen a major correction, just a series of up's and downs. This time, it has aggressively went down almost touching the demand zone but it is now approaching another important support line which has been in a bullish tendency since November 2013.
Carefully adjusted fibchannel and timefibs. Allignments of price and fib channel are marked by yellow lines (scale out to see more allignments) 0.618 - 0.764 time fibs mark a potential breakout area. Next weeks I expect moves within the red diagonals, less volatility, smaller trend angles on downmoves, short: sideways. So moon rally likely to start in august.
AUD/USD 4HR SupplyZone Trading - Short This is trade I am watching for the AU. I know the chart is a 4HR but the Supply Zone was picked from the 1HR Chart. Looking to short at the TriggerLine @ .9330 with a 1:1 RR for 50pips This SupplyZone is between the 50% & 61.8% Fib levels and I did some research on the web and found out there are possible institutional...
Just watching some supply zones to be aware of them...
EUR/USD Daily DemandZone Trading - Long This trade will come once price clears the DemandZone 1 which is on another chart of mine, which I am currently in the trade. long @ 1.3713 The trade for DemandZone 2 may not be triggered for some weeks to a month. That is fine with me, slow and steady wins the race.
AUD/USD 4HR DemandZone Trading - Long Looking to go long on this trade but price needs to clear the current 1HR Demand Zone before it falls to this 4HR Demand Zone. Looking to go for 1:1.
Trend is up, will it continue, who knows. But if i am going to buy in again I will do so at this cheaper level around 1.68700.
This is my 4HR Supply & Demand Zone Trading on the A/U. Looking to go SHORT when price hit the Supply Zone TriggerLine @.9363
I've tried to put as much useful information as possible on the chart. Not only showing the trade, but also the story leading up to the trade. The shorting zone is our key factor here. This is were price reacts to and from. After breaking this zone, it acts as a very strong support. This in combination with the new longing trendline and the fact that price has...
As you can see on the chart, an important longer term downtrendline has been broken. We also got higher bottoms on RSI to back us up. Longs should be in effect, at least for a while. We're looking for the best possible entry, where we can maximize our profit and minimize our stop loss. I've projected a potential longing line/zone where we are looking for...