With a weekly bias in favor of the bulls. I do not mind taking this trade at all. -Monthly Bias (Bullish) -Weekly Bias (Bullish) -Bullish Hammer/Pinbar off of broken resistance now made support -Closed above Mean Looking at a 1:5 RR which isn't bad. If the market decides to push further I do not mind looking at a 1:11 RR.
Short triggered at .50% fib. Looking at a 1:7 RR MINIMUM. Overall target is a 1:13 RR which is completely reasonable considering this trend looks exhausted. -Trend Exhaustion -Mean Reversion -Daily Rejection -4hr/1hr Symmetrical Triangle -Bearish Territory (Zoom Out)
Back at it again with the analysis. Sold at the break of the 1hr bearish inside candle. Looking for a 1:4 to 1:8 RR.
HL, LL, looking forward to be a buyer somewhat next week.
-Huge weekly rejection -Intermediate weekly resistance -.50 fib confluent with weekly resistance
Starting from now on I am going to start getting into detail as to why I am taking these trades. 1. Weekly Rejection 2. Failed inverse head and shoulder 3. Mean Reversion 4. REJECTION On a serious note, if prices are being rejected with a confluence of many other factors, the odds are in the favor of sellers. Now, this isn't a guaranteed winning trade. Anything...
Great rejection candle off of weekly S/R. Entering at .50 fib; looking forward to a 1:3 RR.
Personally I will be short at the .50% retracement. I am looking at a 1:5RR which is great for 10 minutes of work.
RBD: Rally Base Drop This is for future reference only. I will not be taking this trade personally. However, be my guest.
Nice big shadow with room to the left. Great R:R, see you on the other side!
Sorry not sorry for the zones... I believe these zones holds a lot of value.... Entry at the .50 fib targets... ???? THE BOTTOM OF THE DEN
NZDUSD has been in consolidation for a while. I am not sure if this is a real break out perhaps it will get faded. If this is a true breakout targets are 0.75-0.76000
After calling and catching the nice short on EU I think it's time to decide if it's make or break for EU's Uptrend/Correction. Purple box indicates interesting confluence.... "Uptrend" + Monthly Resistance (turn support?) + Daily and 4hr Divergence + Trendline (3 or more valid touches) Messy chart, messy mind... This is for future purposes.
I haven't posted anything in a while. Figured this will be of use as far as shorting or longing the dollar. This is for future reference.
Demand formed (Drop Base Rally) It's pretty textbook so I figured i'd post for future reference...
I have been scalping a lot lately... Using price action and what not... Saw this closed hammer (not fairly large but looks like a shooting star) but worth the risk.. Since I have not been posting lately I decided to post this textbook setup. This is is for future reference...