Medium term shorting opportunity based on the theory markets range 70% of the time. 30m TF broke below candle clusters suggesting a liquidity run outside the 4h TF high. I prefer to trade back down full length of last bullish leg.
Shorting opportunity based on the theory markets ranges 70% of the time. For this trade, I like to target the full range of the last bullish run.
Shorting opportunity on the theory market ranges 70% of the time. Short now, and aim for 50% target of last bullish leg.
Long opportunity on the theory market ranges 70% of the time. Wait for another test back down (watch out for liquidity runners!), enter LONG, and target 50% of last bearish leg.
Shorting oppportunity on the theory markets ranges 70% of the time.
Opportunity for long on the theory markets range 70% of the time
Bank of England release today. No change is forecast, but technically, I would expect liquidity grabs back down to monthly fibonacci support #1 before or during the news release. This trend is still strong going up. I anticipate this pair breaking June 2015 high.
Bitcoin is sceduled to be halved April 20th, 2024 which will continue to soar. For now, these levels provide the next bullish wave.
I would SELL now. Just a simple trend continuation setup.
FED Rate tomorrow could spark the volatility I need to long. They almost always happen in areas that are overextended from the structure (white lines). You can't have the next big move without the liquidity.
Overall Daily trend is upside. I'm looking to scalp shorts and swing long.
If you're like me, always looking for sell (or buy) traps, this would make a great contrarian trade. These normally become fast and aggressive after a false move. I've set profit target at monthly pivot resistance level (pivot R not shown). I would get in now to minimize drawdown. KISS...more on this later. This has helped me trade tremendously.
Best to let the pullback finish and get long from the yellow box. From there, a good position coming off trendline resistance now support, and coinciding with monthly pivot support and Fibonacci.
Another chance to BUY this pair taking advantage of market top cues outlined in white box. I have already begun to BUY and will average down if initial position fails into second Fibonacci .382 long position
I would SELL now. Beginning of March sets the tone for the rest of the month into bullish continuation.
Wait for fresh lows at .886 Fibonacci. Buy from there.
Trend continues for the next few days. Get in early, BUY now.
EU at triple structural challenges. Target projected .707 Fibonacci.