About meCurrently enrolled at Bryant University, Carlos Meltz operates as a senior contributor to F&M Capital Partners. Carlos has established a particular expertise in spot trading, and has developed successful trading algorithms within the foreign currency mar
- for about a month now we have gone on a downtrend and market needs to pull back up
- Three pins to the low
- Divergence and price above liquid 50
- price resisting well hesitation zone of the quarter and should retrase back to previous Major Whole Number
Typical BTMM strategy
We can see on the charts how last week we had a bearish cycle going down to 1.49250 yet could not break that zone. After that, we made a multi session W formation and today we are coming in to create a wedge that should breakout soon enough to create a new higher high and change momentum for this trade to the upside. Stop is a bit too much...
Price struggles to make a new lower low and could not reach the quarter level and psychological level of 75.00. We can see a double top formation coming along with ideal divergence after a macro level cycle finished on a wedge that has been occurring for a matter of weeks now. Going to be looking for long opportunities
- Double Bottom
Price has found resistance in a large quarter point and psychological number of 1.625000. As we can see as well, this correlates with a large macro cycle being finished and made a large M formation between last week and this week. Im looking to enter this coming days as midweek reversal and hold for a long term cycle down for a good 500 pips potentially....
Price has struggled to breach the large quarter point of 1.62500. This coincides with a macro cycle of three pushes that has finished (as can be seen in chart in blue squares) and correlates with finished cycle of micro cycle (pink squares). We have divergence on higher timeframes of TDI which indicate a long term swing. Going to be looking to enter in london...
BACKTESTING ON A DEMO
NOT TO BE TAKEN SERIOUSLY
- 200 ema and 800 ema have not crossed so we may be seeing one last push down
- two pins off the 200 for a reset
- respected the liquid 50 and is below market baseline
- pointing for the next quarter
- TP1 on hestiation zone @ 1.94250 (90 pips)
- TP2 on half way point @ 1.93750 (130 pips)
- TP3 on...
With a weakened USD. If we look at the past 3 days we can see a 3 day drop and today we have stophunt low with a clear W formation with outside the band and inside the band in my TDI. Looking for a long here. Hope for the best
- 3 day drop
- today we have a stophunt low
- W formation in mid london session
- multiple railroads in that W of...
In my past analysis we entered at the wrong time but now in 4h this looks crisp and ready to fly high. Its late in the day but in 4h we have a railroad formation that stopped many people out, and as you can see in my TDI it respected liquidity (yellow line).
Here are my confirmations:
- railroad formation on 4h
- respected liquid 50 (yellow line in TDI)
33 trade. Macro 3 level drop and on this last push we see 3 levels drop in a matter of days.
with a 33 trade put into play, reversal is inevitable, oh and also.... its Wednesday, meaning midweek reversal. Hopefully this will play out to all my TPs
Finished macro cycle with 3 pins to the high. Note how that giant candle stick's body closed below the high. This news to the upside was to induce retail trader long, stop sellers and trap traders who bought too late. This is just an idea. Not taking this trade honestly because of TDI confluence but yet it is quite possible for it to tumble down in a new cycle to...
This start of the week has been nothing but bulls for the EURUSD. We are currently seeing it at level 2 rise. The only way I would enter this trade is if we see it go down now in London to the EMA or stophunt low rise. If these 2 scenarios are correct then we should be seeing it go back up for a 3rd aggressive push to the 800 ema in time for mid week reversal hopefully
hello everybody! First trade pair I ever send publicly on Tradingview.com!
What we are seeing on GBPAUD is that all GBP pairs are showing weakness though-out the board. 6 days we had a start of a new cycle and that has finished today with that 3rd aggresive push off news. Today we are seeing a good divergence and RSI below market baseline (Grey line in my tdi)...