After it's big impulse of the NZDUSD, it needs some correction in order to continue moving up OR to reverse at a critical level where the market rejected multiple times at 1H timeframe and it is a major turning point if you look to the left. --> Small & Easy to catch. --> If market reverse at that turning point with an impulsive bearish move, then extend your take...
---> This is your chance to welcome December <--- The market here offers us a great opportunity of a full pullback to re-test the critical area, so don't miss the chance of selling from the TOP ! ! After the breakout of the descending channel we had a corrective pullback and now we are heading for the continuation. RISK MANAGEMENT: --> At 1:1 Take 50% Parochial...
As you can see NZDCHF is at a very critical area which is support now, after the breakout of the ascending channel. RISK MANAGEMENT: At 1:1 take parochial profits (1/3) At 1:2 take another 1/3 parochial. If the target breaks the previous high, extend your take profit target. If the market struggles at 1:2 close the trade.
Here as you can see the market got to the descending trendline and got rejected by buyers strong pressure. We are waiting for the continuation at least until the previous high. Very good risk to reward ( 1:4 ). Wait to buy from the dips. CONFIRMATIONS: --> Descending trendline as support --> 88.6% Fibonacci level. --> Indecision candlestick (Doji). -->...
INTRADAY/SWING TRADE: --> Here we have a beautiful Descending Channel, which broke the demand area and re-tested it. --> It's a high probability set-up with very good Risk To Reward ( 1:5 ). --> Don't miss the chance that market offers you with the re-test. --> Go to bigger timeframes (12H OR Daily) to see the exact pattern formation for a better...
EURUSD is in a critical area and it show a price action for a drop in lower timeframes. Stop Loss position is very good because it covers the next critical area ( High from September ). Take Profit at 1:3 GOOD LUCK & HAPPY PROFITS ! ! !
Bases on the trendline and the critical area and the price action at lower timeframes (4H & 1H) the CHFJPY will reverse and will push up ! ! !
Here we have a break and retest at 1H chart to the ascending channel and we are going for the continuation. ---> As the market break with a big/sharp move the resistance level it came down to retest it. ---> It's the best time to buy at the support which was resistance. ---> Profit target is at 60 pips which gives us a Risk To Reward 1:2 HAVE FUN & HAPPY PROFITS ! ! !
Here as you can see the market hit the top ( supply zone ) for the third time & it got rejected by the sellers pressure. It's the best time to SELL the EURUSD, so DON'T MISS THE OPPORTUNITY ! ! CONFIRMATIONS: 1. --> STRONG REJECTION ( Sellers react when the price goes to the top). 2. --> DXY CORELLATION ( DXY-USD currency index it shows signs for a bullish...
HIGH PROBABILITY REVERSAL ZONE. This is the high probability set-up you've been looking for. As you can see the market just hit a VERY critical area where the market rejected the price multiple times (pink circles) in the past and from supply is now a STRONG demand zone. We are expecting the same rejection as the previous week (120+ pips) but we put Take...
WARNING ---> HIGH PROBABILITY SET-UP ! ! ! HOW TO TRADE IT? The opportunity here is to SHORT the top with a small Stop Loss & a big Take Profit --> 1:5 Risk To Reward Ratio. So wait until the market reaches the resistance at 0.6230 again and put a short order OR put a pending order (SELL LIMIT) at the price you want which it is better to be around 0.6325 -...
MAIN IDEA: The main idea is to SHORT the rallies, SELL the top. Here we have 2 possible scenarios on NZDUSD after the ASCENDING CHANNEL pattern: Scenario 1: The market will go to re-test the supply zone at (0.6945-0.6975) and it will immediately drop down because of the strong sellers pressure caused of the resistance at old highs ( 2018 - 2019). Scenario 2:...
Here we have a great opportunity to sell a high from a sideways market. It has very good risk to reward and you can extend the target if the market breaks it. Your profits can go up to 300+ pips ( Length of the sideways channel ).
Here is a simple guide for how to trade a gap. Have a look and take the opportunity in the next gap ! ! !
Here we have a great example of a PENNANT PATTERN. It's an impulse - correction - continuation pattern. Wait for the breakout for the continuation and then enter the market. IT CAN TAKE PLENTY OF FORMS ! ! !
Here we have a nice example of the INVERTED HEAD & SHOULDERS PATTERN. It's a simple pattern and easy to spot but bear in mind that it isn't always look perfect. It offers a very good Risk To Reward ( 1:5.5 = 550 pips). SO TRAIN YOUR EYES TO SPOT THEM & CATCH THAT BIG MOVE ! ! !
Here we have a great example of MULTIPLE BOTTOMS. In this pattern the market gave you the chance to re-entry the market with the re-test pullback and the it gave the big move. --> Very good Risk To Reward (1:5.5 = 550 pips). WATCH OUT TO CATCH THIS PATTERN THE NEXT TIME ! ! !
Here we have an excellent example of the MULTIPLE TOPS pattern. It gave as a 1200 pips profits with 1:6 Risk To Reward. WATCH OUT FOR THIS PATTERN ! ! !