Good morning Traders,
As we can see we have reversed and showing bearish signs, yet we are also seeing exhaustion suggesting to me price action may potentially push up after forming a descending channel that may play out out to the upside indicated by the single black trend line and green directional arrow.
My area of interest has been highlighted if we get...
we have had a continuation of the uptrend, however I am seeing exhaustion within the Euro at least for now! this exhaustion is indicated by the red arrows large upper wick candles suggesting we are potentially seeing early signs of a potential short term reversal, before price continues pushing forward.
The level of interest will be the...
AS Previously shared i was looking at a Buy order set at the highlighted area, Price action indicated to me it was in a low momentum corrective phase and gave me further confidence to set my order and wait, the trade hit my entry at 13:00pm and pushed up as you can see, another precision entry despite price action becoming very aggressive.
We have clear uptrend momentum, Id be very interested in seeing how price action responds to the last quarterly highs, (dark blue ray line) At the moment price action is clearly indicating to me further moves to the upside, signified by the large buying that is coming in every time price action tries to push lower,
I've highlighted my area of...
As we can see we have had weakness from the dollar, price action has been pushing up very well in favour of the euro,
I've highlighted my area of interest ideal if we have a push down into this area i will be looking for an entry long as illustrated, given if price action confirms the entry.
Alternatively, we may get a break of the lower...
Good morning Traders,
this pair is an interesting one, Price action is clearly pushing up but I seeing wicks at the tops of the candles indicated by the red arrows, this too me suggests the push up is not sustainable and we may likely see a reversal from a higher level.
alternatively we could have some very strong bullish candle closes over the next few hours...
Good morning Traders,
price action is proving resilient and is suggesting it may create a deeper channel, will it complete the channel and push out with a strong bearish close or will it just continue ascending upwards, is the main question I will be asking.
In my view of price action, I see further upside because we still have some buying power within the...
Good Afternoon Traders,
A couple scenarios for you all,
potentially we are in ascending channel as illustrated by the dotted trend lines, the highlighted area is my area of interest will Price action push into this area and reject or will we get a strong bullish candle close,
ideally for me if we do ill be looking for a further push out of that area and a...
Good morning Traders,
I hope you have all had a good weekend,
As I've been stating in my earlier ideas we are coming into the 1.1490 area, this will be an interesting level, given the buying power that is still within the market as price action is indicating, at this current moment.
We could have price action that spills out as illustrated, If we do Id be...
this pair has been stuck in a bit of range for me, although it seems we still have plenty of buyers in the market, this being confirmed by the large bullish candles every time we have a sell off, Price action may potential pierce the top of the 1.14410 area before market close or potentially my do so during the Sunday market open. either way i...
I will be honest and say this IS NOT a trade I managed to take, I simply just missed it.
Ill talk you through my thoughts on why I would potentially take this as a trade, we had multi bullish candle closes from the 121.917 level all the way up to the highs of 122.501 level with a swift sell off, initially I was not interested as price action...
As we can see I've scribbled a couple scenarios on the chart, it will be interesting to see how price action responds in the coming session we can see signs of exhaustion confirmed by the rejection candles from the 2 previous hourly candle close.
I will be watching price action as we progress but I can see the level: 1.1490 as an area of...
a few potential scenarios on this particular pair:
1) potentially we are in a larger ascending channel structure highlighted with the dotted outer trend lines, if so I see price action going for another move up within structure, but it will be largely corrective and not the best trade-able move, if we do, ideally a high candle rejection with an...
Afternoon Traders, apologise I am a little later then usual but I only like to share once i have something of value to share.
Anyway As you can see from current price action we are stuck in an overall channel, naturally I would be look for a break of the low to then change the trend and enter on a short however, I dont think we are ready for that, just yet.
you had to be up pretty earlier to catch this trade, but it came into my range and I entered, very precise entry with very little draw down.
My ideal type of set up, highlighting the channel that price was stuck in, with a key rejection candle and clear momentum to the upside.
let me know if anyone got into this trade or didn't see it, great to hear your thoughts
after showing some very good potential we may get an entry, i will wait for price action to clear the next couple hours and see what state of play we are in if we are still within range ill look to set an order ideal being the first sketch, but as we all are familiar anything could happen with price action either way my position is absolutely clear.
by no means...
well, we seem to be on a moon shoot, absolutely obliterating any notion of a range, Monday could potentially be a very happy one indeed.
we may get a potential set up for a long if we have further confirmation. 1.13380 is my area of interest if we get a nice tight bit of price action to this level I will surly be setting an entry Long.
potentially markets could...
price action pushed up during the Asian session but found some resistance at the 1.3360 level. we have now pushed away taking out the previous low however, given that we have no retraced the 9AM candle, I wouldn't be surprised to see price action move sideways, or even push down and retrace.
who knows, but ill certainly be watching.