careful with trading this week, a lot of data to be released so can get volatile with the FOMC & FED. Idea is of reversal pattern and the DXY to further correct
After completing its head and shoulders target, we have now started an uptrend. We have had a BOS and a BOS retest. Elliot wave theory suggests we are now finishing a corrective wave 4 which in turn leads to previous resistance turned support.
A lot of fundamentals out next week so trade with caution, a lot of stop loss hunting.
1 reversal pattern. 1 bull pattern. A retracing DXY. Time for correction buy on bull flag break out and hold if we break BOS at the neckline of reversal pattern
Looking like we have seen the top and bear market is definitely in full swing. - We have a reversal pattern, BOS test & strong rejection. The tech index will fall to key structure based on struggling stocks too, we seen Tesla fall almost 10% at the close, we have seen APPLE close the gap and struggle etc
Reversal pattern. 1HR rejection candle, retail SL hit from buys. Pullback entry
Market participants be aware. 95% of trading is mental, anyone can draw trend lines but these 4 factors are crucial when it comes to everything else. Check each mental factor before entering a trade. The market has NO EMOTION. I hope this can help you in your daily trading. :)
GBPNZD trend is overall down, We have a smaller TF reversal which kicked off the first buy. - currently have a larger TF reversal inverted h&s - Elliot wave 4 to 5 impulse up after correction - target 0.618% and trend level. - GBP showing strength short term.
Currently we have a reversal patter down near the trend support . looking to see if this will bounce up and continue in this downwards ranger
Retail 66% long looking for there SL to be hit a test of 1832 based on the DXY strength at this moment. I am long term gold and will be hunting for longs down at 1826 - 1834. I do not see the market giving retail simple easy bull run, this will happen after they have been stopped out and a retrace has been completed
Took this on the basis I see NZD running a little flat this week allowing XXXNZD pairs to push back. Nice R:R ratio to worth the trade on the trend bounce
Reversal pattern spotted to this downtrend. Could we see the strength of the NZD be put on pause here? Looking to go long on BOS
No correction after a bullish move to the upside to stop out retail traders before the true move to the downside occurs
Reversal pattern been forming for months now and at last we have a BOS looking for this too moon
Reversal pattern was a success. currently retesting the BOS before a push forward on the basis that the CAD has broken to a bearish push now
Easy fundamentals surrounding this trade and looking for the DXY to go for it this week and for the value of the yen to fall away. supporting this is a bull flag formation
Waiting for BOS before taking up a position. However my preferred trade would be to sell and dip before loading up more longs based on the rapid strength of the AUD and the rapid decent in JPY