Hi Traders, The market is approaching the Daily supply zone (red rectangle), on the 1H timeframe the market has broken to the upside showing its intention to test the above area. I am waiting for a better price on the retracement for my long entry. Happy trading
Nice Daily Cyphern pattern completed with RSI approaching the oversold area. My short entry is deeper as per my entry rules. Happy trading
The global trend is clearly bearish (confirmed by the 100 EMA and the Daily timeframe), I will then be looking for a short trade. On my trading timeframe (1H), price has broken the structure to the downside making a lower low, I am waiting for a better price for entry short and will wait for a retracement back to previous structure aligning with Fibonacci...
Nice Cyphern Pattern ready to complete. Note also the RSI oversold. My entry is deeper due to my trading plan. Happy trading.
Hi Trader, Area to watch as the market is testing a demand zone that hold the market once and it looks like the price is looking for area to find more liquidity (pushing trough the orders area). The RSI entered in its oversold condition. Please note that the Daily chart is also showing a nice pin bar, this add some confident but I will be very carreful as the...
Nice area where the market is being attracted like a magnet. This area of supply has not been tested yet, watch also the confluence with 0.886 fib retracement and RSI overbought. Happy trading.
Hi Traders, Nice zone of confluences: 1- Demande zone in red 2- Fibonacci area of confluence (0.886 - 0.618 and 0.382) 3 - EMA + trend line pointing up 4 - Rejection candle for price action trading 5- Stochastic entering below the 20 area The price almost touched the zone but I will be patient to wait for the price to test the demand zone. Happy trading. Happy trading
Hi Traders, Nice area to look for SHORT opportunity. The price is approaching a supply zone between 111&112. The trend is still down i.e both EMA&trend line is pointing down. Note also the price bouncing between fibonnaci levels of 0.786 and 0.618. It will better if one of both RSI showing oversold condition or Stochastics breaking the 80's area. Happy trading
Hi Traders, Hot area to watch next week for potential turning point where the price is approaching an area that acted as support before becoming resistance. We can clearly see that the price also tested the zone many times. Note the perfect alignement of the 0.618 and 0.886 Fib retracement and the RSI divergence pointing its noise to the downside. Do not hesitate...
Price has broken the structure to the downside and is retracing back approaching the previous structure resistance. The strong rally to the upside extended the RSI to the overbought area. The area between the 0.786 and the 0.886 Fibonacci's zone looks interesting. On the Daily timeframe the trend is bearish , so my bias will be bearish unless the market decide not...
Hi Traders, Nice area to watch hopefully next week with a bearish Bat advanced pattern ready to complete. Note the confluence area with the RSI going extended and AB=CD pattern aligned with the BAT PATTERN completion. Happy trading and good week-end.
Hi traders, Price is approaching a nice confluence area with a perfect fibonacci confluence of 50% + 78.6% retracement aligned with the uptrend line. Note also the RSI approaching the oversold area. I will look carefuly this zone and wait for a signal to go long. Happy trading,
Hi Traders, I have highlighted a potential reversal zone. The price is approching a support that has been broken and COULD become resistance. Note that we've got the 0.382 Fib retracement sitting right at this area. If the market reach this zone we will need to see a bearish confirmation. Happy trading
Nice Bearish Bat pattern with Rsi extended and downtrend. See linked ideas, we got the same set-up with very nice trade. Happy trading.
Nice opportunity for bearish trend continuation. See chart for full description. Happy trading
Hi Traders, Nice opportunity here to catch a bearish Gartley pattern with the bearish trend. I have set up extended targets, following your trading plan you can shoot for 3 different targets. Also in order to fit my rules, my entry (around (0.7920 )on this trade will be deeper than the common 1.27 extension entry point. RSI is almost overbought. Good trading.
Price has broken the structure at A point, pointing a bearish trend. The market then corrected respecting previous structure resistance (blue rectangle) before continuing its downtrend (waiting to occur). The risk reward is valid and >1.5 Happy trading
Structure based trade with overall downtrend. Prices is retracing back to previous resistance highs, I am predicting a sell pressure into previous structure at 122.80's . Note that RSI is overbought. I have got a valid risk/reward on this trade. Happy trading.