Cmasterza

Cmasterza

FX:GBPNZD 1. Price looks to be bouncing off a trend line 2. Bullish engulfing candle pattern present (still needs to close as such) 3. Ideally a buy stop above the bullish engulfing 4. Downwards resistance level needs to be broken More details to follow

Cmasterza Updated 

FX:USDCAD 1. Price is currently in a rising wedge pattern 2. Awaiting the support level to be broken 3. Be aware of FOMC news later on (could be the catalyst for the move or violate the setup) More details to follow once the setup has been validated.

Cmasterza Updated 

USDCAD 1. The last retest off the trend line offered a great opportunity for a buy order so I am looking to possibly do the same again 2. Price is currently on the neck line of an inverse head and shoulder pattern (retest) 3. Retest of trend line taking place as we speak I will look for: 1. A buy signal to print 2. 50ema to be broken (area of value) 3....

Cmasterza Updated 

This pair had reached a key resistance level last week - 75.525 Since then price has rejected the new high by popping a wick to the up side pinning the resistance level: 1. I have noted the swing low at 75.000 as a short term support level 2. Note the marked support lower down at 74.400 3. As long as price is between the 75.525 and 75.000 range I will wait for...

Cmasterza Updated 

XAUUSD I'm looking for price to return to a short term support level around 1220.78 1. A buy signal would need to print like a hammer or bullish engulfing pattern in order for the setup to be valid 2. No congestion (if there is it means the bulls are battling and the support may fail Note the support levels drawn with dotted lines. Like this idea to receive...

Cmasterza Updated 

Note the hammer candle that pinned the trend line on the daily time frame. Price is just below the 200ema and the candle from Friday kissed the MA perfectly. 1. Price needs to print a bullish candle for today 2. 200ema needs to be broken to the up side 3. Using H4 for entry can be beneficial for a better risk to reward ratio

Cmasterza Updated 

1. Double bottom completed 2. Trend line violated 3. Ideal stop below 50ema 4. 3 Target points to consider

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Cmasterza

Incredible - watch how easy it is to load and switch time frames on renko charts using the Tradingview platform. Powerful stuff! Use renko charts to clean up your view and trade off key levels...

Cmasterza

FX:AUDUSD Based on the massive double bottoms found on EURUSD and GBPUSD which are both correlated to this pair to some degree I take note of the following: 1. Double bottom formation (will complete if today's candle closes as bullish as it is now) 2. Trend line is being broken 3. 50ema is being broken 4. The current candle is a great signal candle 5. Last...

Cmasterza

FX:USDCHF I have been watching this pair for a while now. A few things to note here: 1. Resistance level reached 2. Stop hunt high completed 3. Trend line to the down side needs to be broken to qualify for a short 4. Be aware of the inverse head and shoulder pattern on the weekly time frame that could prevail More details to follow :)

Cmasterza

1. Price has bounced off the support 2. Down channel resistance level broken to the up side 3. Double bottom pattern 4. Note the monumental head and shoulder pattern on the weekly timeframe - trade with caution

Cmasterza Updated 

Classic Head & Shoulder Pattern Wait for the neckline to be broken, a candle must close with the neck line broken - that's the signal candle. Share your thoughts!

Cmasterza Updated 

The inverse head and shoulder pattern has just been completed with the candle closing above the neck line. My only reservation is the upper trend line drawn - I feel that this level needs to be broken as well for this move to be confirmed. Should the move play out, targeting 1.33385 should be ideal with stops below the last shoulder 1.28976 You can connect with...

Cmasterza Updated 

This pair has been trending upwards since the latter part of September 2018 now reaching a resistance level last seen in August 2018. I have drawn a trend line to be indicative of the current up-trend and I am looking for price to pull back from resistance and break the trend line level in order to qualify for a sell order. Keeping price action in mind to see if...

Cmasterza

I have drawn two trend lines indicative of a bullish trend so I am looking to buy off the bounce. We currently have a bullish engulfing candle pattern forming around the buyers zone so I would like to see the candle close as such and look at opening a buy order once the high of this handle pattern has been broken (confirming the move higher up). I have also...