Hello, its a pleasure to post ideas here again. Although there are many complicated trading systems i always prefer the simplest. I expect some reaction at a strong level of S/R visible on D1 chart: Here on H1 we can see a perfect Head and Shoulders pattern forming: - Trendline broken - 0.61 fib retracement - Engulfing bullish pattern at this level Possible...
Hello, last move to the downside appears to be corrective. Right now price is reacting near the strong level 1.400 Other reasons for a long bias: 1) ema 55 as support 2) bullish hidden divergence 3) stochs oversold 4) engulfing bullish candle 5) near trendline support I will enter long here with SL and targets shown on chart. Best...
This pair is forming a series of corrective structures (abc or wxy). It seems price now is developing one more abc structure, price is currently at wave B Details on chart. More reasons: - ema 200 as resistance - convergence - divergence setup - round level 185.000 as resistance Best...
This pattern could be completed near the double top visible on D1 chart. Broken trendline could be retested at that area. SL and targets on chart. Best Regards.
After a strong swift decline this pair is reacting at key level. Looking to W1 chart we see price is near the all-time low and reacting to a support level: Here on D1 chart_ - perfect bullish cypher already filled - trendline support - price reacting to the PRZ - RSI oversold I expect a huge long term rally from here. Best...
Nice pattern almost complete near the strong psycholevel 1.000 We can place sell limit orders or wait for a reaction near that area. SL and targets shown on chart. Best regards. *****************DISCLAMER******************************************************************** This is just and idea, not a recommendation to buy or sell. Always do your own analysis and...
This pair is making a strong decline after a triple top formation. Right now price is bouncing from the base, a nice opportunity for an entry with confirmation. Just in case im placing three targets because we could have a strong long term decline. Best regards. *****************DISCLAMER******************************************************************** This is...
Im trading this pair since the gartley completion visible on D1 chart. Right now price already reached the first target and is making a pullback to a strong area of S/R. MACD crossing showing bearish continuation. Here on H4 chart we see other reasons: - price testing a broken trendline - strong structure - ema 55 as resistance - convergence (first lower low) -...
Nice pattern already triggered at key level: - ema 200 as resistance - round level 90.000 - price reacting to the PRZ already I would sell with SL above last high to have a better R/R ratio. Best regards. *****************DISCLAMER******************************************************************** This is just and idea, not a recommendation to buy or...
This pair is starting a strong long term decline. Right now price closed below the strong level 1.500 and is bouncing from it. Next targets would be the S/R levels shown on chart. Best regards. *****************DISCLAMER******************************************************************** This is just and idea, not a recommendation to buy or sell. Always do your...
This pair is forming a series of abc (wxy) structures. Right now it seems price is developing one more ABC structure, price is bouncing from the strong resistance 195.000 More reasons: - round level 195.00 a resistance - convergence - divergence setup - ema 200 as resistance Best...
This pair is forming a series of ABC structures
This pair is recovering near the strong level 1.5000. Looking at D1 chart we see a bullish butterfly still in play: Here on H4 chart: - trendline support - retesting broken trendline - potential HS pattern - convergence divergence setup - impulse and correction on H1 Best...
Price is bouncing from the neckline. We can see also a previous double divergence on AO showing bearish pressure. A rising trendline already broken. Watch the NZD rate news on wednesday. Best regards. *****************DISCLAMER******************************************************************** This is just and idea, not a recommendation to buy or sell. Always...
Price action here looks very bearish. Price was rejected from a strong S/R, formed a double top and now seems to be starting a decline. - Double top with bearish divergence on MACD - multiple pinbars near the resistance - Strong S/R - weekly ema 200 resistance (see below) - 0.61 fib retracement from last highs I would sell here against last high. best regards.
After a long rally im closing all positions and ready to go short (see related ideas). The AUD is still strong, i expect some correction here because price is extremely overbought and needs a pullback. Looking at W1 chart we see price is bouncing from a trendline resistance, stochastics overbought and hidden bearish divergence: Here at D1 chart: - bearish...
Last rally is showing clear signs of weakness. Price found strong resistance near the top and formed multiple dojis. From the technical perspective we can see a double top formation called "adan and eve". Indicators also support this view: - bearish divergence on macd - RSI trendline broken - bearish divergence on stoch Next week we have no strong USD news...
After a + 600 pips rally this pair stalled at a clear resistance area. I think EUR is not ready for a rally against commodity currencies such as CAD, AUD, NZD. Here on D1 chart we see a trendline resistance also.I would sell right now with SL and targets shown on chart. Best...