Mankz

Mankz

Hey guys and gals! Looking at the S&P 500 right now. Although we did see some impulsive selling to end last week, it was met with significant buying pressure over the past couple of days. With no clear direction at the moment, we stay steady to trade in either direction! If we see price break the 3233 zone and come back for a soft retest, we can enter in longs...

Mankz

In the midst of all the trading hype, technical indicators, systems and EAs, we forget about basic technical trading principles. This old example reminds us why market structure and the price action surround the market structure is the very roots of the majority of trading strategies! When you're feeling like trading is not making sense, just step back and take...

Mankz

The Idea: -Contrary to trending trade ideas, I believe Bitcoin is a buy. The Reason: -My conclusion has been reached solely upon its recent impulsive behavior, followed by a precise Fibonacci correction, which if it holds in the highlighted zone and breaks to the upside, should generally be followed by an impulsive wave to recent highs. The Technical...

Mankz

Analysis: Potential short on USDCAD between 1.3255 and 1.3283 -Approaching consolidation zone -Price in downtrend -78.6% retracement of previous impulse leg -161.8% extension of current corrective move -100% AB = CD projection of current corrective move -100% projection of previous corrective structure Trade safe and at your own discretion!

Mankz

Analysis: Potential long on Oil between 53.50 and 54.25 -Approaching key support zone -Price in uptrend and channel -61.8% retracement of previous impulse leg -127% extension of current corrective move -100% AB = CD projection of current corrective move -100% projection of previous corrective structure Trade safe and at your own discretion!

Mankz

Analysis: Potential long on EURUSD -Approaching key support zone -Price in uptrend -61.8% retracement of previous impulse leg -127% extension of current corrective move -100% AB = CD projection of current corrective move Trade safe and at your own discretion!

Mankz

Analysis: Potential short on NZDCZK -Approaching key resistance zone -Price in downtrend -61.8% retracement of previous impulse leg -100% projection of previous corrective structure -127% extension of current corrective move -100% AB = CD projection Trade safe and at your own discretion!

Mankz

Analysis: Potential short on AUDCZK -Approaching key resistance zone -Price in downtrend -61.8% retracement of previous impulse leg -100% projection of previous corrective structure -127% extension of corrective move -100% AB = CD projection Trade safe and at your own discretion!

Mankz

Analysis: Potential short on XAGUSD -At key resistance zone -Price in interim downtrend -61.8% retracement of previous impulse leg -100% projection of previous corrective structure -127% extension of corrective move -100% AB = CD projection Trade safe and at your own discretion!

Mankz

Analysis: Potential long on EURAUD -At key support zone -At lower portion of ascending channel -61.8% retracement of previous impulse leg -100% projection of previous corrective structure Trade safe and at your own discretion!

Mankz

Analysis -NZDCAD showing signs of strong bullish divergence on the MACD. It just reached a support level and is retesting the divergence trendline on the MACD. We may see momentum shift to the upside! *Trade safe and at your own discretion!*

Mankz

Analysis -EURJPY looking bullish after showing signs of reversal. Sellers pushed down into support but buyers bought it back up before the daily candle close. -The price action resulted in a very clean pinbar setup at support which is a bullish sign. -On the 1H time frame, price looking to break the trendline to the upside. -There is also strong bullish MACD...

Mankz

Analysis -USDJPY looking bullish after showing signs of reversal. Sellers pushed down into support but buyers bought it back up before the daily candle close. -The price action resulted in a pinbar setup at support which is a bullish sign. -On the 1H time frame, price looking to break the trendline to the upside. -There is also strong bullish MACD divergence...

Mankz

Analysis -XAUUSD looking bearish after showing signs of reversal. Buyers pushed price up into resistance but sellers repeatedly pushed price down before the daily candle closes. -The price action resulted in a pinbar setup at resistance which is a bearish sign. -On the 1H time frame, price looking to break the trendline to the downside. -There is also bearish...

Mankz

Analysis -AUDUSD looking bullish and showing signs of a potential reversal following days of consolidation. -The price action in the consolidation resulted in a daily pinbar at support which is a bullish sign. -On the 1H time frame, price is making equal lows and looking to break the trendline to the upside. -There is also bullish MACD divergence on the 1H...

Mankz

Analysis -DXY looking bullish after showing signs of a potential reversal. Sellers pushed price down into support but buyers bought it up before the daily candle close. -The price action resulted in a pinbar setup AT SUPPORT which is a bullish sign for the dollar. -On the 1H time frame, price probing a minor resistance level and a break to the upside may be...

Mankz

Analysis -USDCZK looking bullish after showing signs of reversal. Sellers pushed price down into support but buyers brought it back up above support before the daily candle close. -The price action resulted in a daily pinbar setup AT SUPPORT which is a bullish sign. -On the 1H time frame, price just broke a bearish trendline or the neckline of a head and...

Mankz

Price moved really quickly from my entry... Analysis -USDCAD looking bullish after showing signs of a breakout, pullback and continuation play. Buyers pushed price significantly past resistance wherein sellers came in and pushed it back down into resistance turned support. The price action resulted in a daily spinning top setup AT SUPPORT before the daily...