This is an analysis of a GBPUSD currency pair showing the potential trading areas. Two short scenarios and one long scenario ahead. Look for a structure and price action at these areas/levels. For more information about my trading style and live trading videos subscribe to my YouTube channel: bit.ly
A short setup in EURUSD emerging, based on long covering at important pivot levels. The price is just below the MAX FAKE level, if it spikes up and does not close strongly above, there is a great potential for a downside move, which will be forced by covering of traders convinced by a continuation of the uptrend. My analysis shows up possible entry levels and exit...
On a daily basis, this kind of signal (shooting star, or pin bar) rejecting prior levels may cause an immediate fall to prior support. Personally I am waiting for some kind of pullback, i.e. entry short at 61.8 Fibo of the last swing. For more information about my trading style, watch my YouTube channel: bit.ly or watch my analyses on Tradingview.com. Petr
My trade was based on my prior analysis of this pair (bit.ly); my bias is still short (medium-termed) and now I expect a bounce up, which could form another opportunity to sell and go for the gap fill, which is higly probable. For more information about my trading style, watch my YouTube videos: bit.ly Petr Suchanek
Based on an unconventional methodology using the profitting from long covering. For more info, watch my YouTube channel here: bit.ly
Interesting "topping" action at important level (prior swing highs). I suppose an immediate push back down, alhough I am generally bullish here in the long-term. For more information about my trading style, follow my channel: bit.ly
This bullish pattern corresponds to my bullish bias in AUDUSD. For a long-term swing trade I am watching any significant pullback to enter long. For more information follow my YouTube channel here: bit.ly
4B PATTERN emerging, an unconventional setup based on long covering For more information follow my YouTube Channel here: bit.ly
While now a 4D pattern is in play, I expect the price to come to 1.3242, which is my level of interest for a potential short off this level. If you need more information about my trading style, follow my YouTube Channel here: bit.ly
A short setup based on long covering.
This is an unconventional setup based on a long and short covering methodology. If you need more info, watch my trading videos: bit.ly
This short setup is based on unconvetional trading strategy using the long and short covering. In particular, after a "trick" formation the market rallied and reached "max fake" level (25% extension above the "trick"), after showing some weaknes (lower high) the market should fall down (scenario 1), or form a fake breakout above the previous high and then fall...
A short setup based on an unconventional methodology profiting on long covering.