This is setup based of hamonic pattern and supported by normal price action analysis and yet not confirmed
EUR/AUD;TECHICAL FORECAST:BULLISH EUR/AUD Have been in and uptrend for the past weeks , we can see where price hit (1.64367) and hit a major level of resistance giving us a bearish engulfing candlestick close on the 4HR TF then price went Bearish for 2 weeks straight . now that price back into march low where we found support we have a bearish engulfing candle...
Buy prévisionnel price action cassure de la structure chartiste + Tendance de fond haussière
Canal weekly haussier + FIBO 50 - Canal baissier H1 ( figure chartiste de continuation)
The price closes in the weekly trading session above the support level. I am waiting for growth after consolidation to the nearest target - the resistance zone, namely the level of 1.612 Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad👩💻
trade plan wait for breakout buy when candle above 1.60870 stoploss 1.60550 tp1 1.61200 tp2 1.61800
Just another trading idea on this pair. Let's see if the price will react to the selected zones. Trade safe guys.
How to Use RSI (Relative Strength Index): It is also scaled from 0 to 100. Typically, readings of 30 or lower indicate oversold market conditions and an increase in the possibility of price strengthening (going up). Some traders interpret that an oversold currency pair is an indication that the falling trend is likely to reverse, which means it’s an opportunity...
Breaking Down Charts (Will Set You Free) Need you to understand what candlesticks are telling you, what big banks are telling you (they leave their footprints): The follow seven numbers on chart, I see quickly to understand the mood of the pair and direction: 1) Down trend happened end of Tokyo and beginning of London Session (more liquidity and volume) 2)...
What do you see on attached one hour EurAud price action? (you should write down your answers to as many as you can)-Commonsense Here are some questions to ask yourself? (Yes, there are other questions to answer) - its the only way to trade Forex for the long term. 1) Any sideways price action? 2) Any downward price action? 3) Any upward price action? 4) What...
- BUY - BULLISH Momentum broke and closed above resistance then we had a retest with the bearish candle - Expecting price to push up on market open
We are looking forward to having a long entry which will last till the middle of the week or the end. Then we will have a deep fall. But if we want to be more careful, we will wait for the break and retest of the white trendline. At that point, the head and shoulder pattern will have been completed.
We've been in a corrective ascending structure for quite sometime from which we broke to the upside to form the Head of our potential Head & Shoulder pattern. Our primary focus is our right shoulder, we'll see if the correction forming is ascending in nature or a horizontal continuation correction to the downside, either way we'll be looking for LTF Correction...
Entry details are shown on the chart. Working the H1 time frame on this strategy. We're only looking for TP3. Trade history can be seen below this trade idea too for full transparency. ------------------------------------------ I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen...
After a shake-up, a false breakout, the instrument returned to the boundaries of the ascending channel. I look forward to growth from the support level to the nearest resistance - 1.618 ------------------- Share your opinion in the comments and support the idea with Like. Thanks for your support!
Posting my thoughts on the daily cycle according to Wyckoff
Clear HH HL formation with double bottom confirmation with momentum, So clear buy with good RR.