Having a look through the timeframes the only areas that are standing out are currently on the Daily TF
Price has been pushing higher, given the previous price action, as marked out in the rectangle box there is a fresh zone at the 152.00 level
will wait for further confirmation on current direction
Potential sell setup on GOLD. The only thing to be cautious about is that GOLD is in an uptrend on the daily. The DXY (Dollar Index) is also in consolidation on the Daily so we very well could see GOLD rise.
4h morning star
1h morning star early london momentum still moving up
higher time frames always win so need to trust
we have triangle formation waiting for break with our long bias from higher tf
we get a last kiss on 15m with lots of nice rejection dojis
one more push and rejection of down trend line and then a break with the 5m tf
also 30m ftr which was a...
Short FX:AUDCAD based on rejection of 1 hour resistance zone and what looks like a possible pull back off the hour hour market structure.
Short Entry @ 0.95119
Stop @ 0.95269 (15 Pips) Also have a 15 Pip Trailing Stop Set.
Initial Take Profit @ 0.94808
Lot Size: 10k
Opening Account Value $165.00
Hi Team! Welcome to today's update on Ethereum.
We've seen some signficant bearish price action in the last few days once we broke the wedge that was forming above the half quarter level of 150. Price dropped to the key support area at 116-120 and although it was respected... We are now seeing similar price action forming at the 125 quarter level. If we compare...
The reason why we believe this pair is bullish
Strong weekly zone rejection and Daily strong bullish candle
Next week we will be looking for confirmation on this long bias by delving deeper into this and looking for confirmation on the smaller timeframes.
We will be looking for a pullback and an engulfing bullish candle to confirm our entry.
We will keep...
Price of the GBPJPY is currently in a downward trend movement. I expect this will change in the longer term period.
3 different zones have been drawn:
- The green zone (Target zone) is the price forecast for our profit.
- The orange zone (S/R zone) was a zone that had not yet been breached. The price has...
On significant resistance level - FX:USDJPY 40 pips in 4.5 hours
Doji and a following Bearish hanging man - could have entered here, little riskier but better RR
Also could have entered after the Bearish engulfing / completion of evening star after market has shown you were momentum is going
at either entry point, very little draw down. much easier to trade with...