Price has broken the Descending Channel, and the OB it had entered. Now, price is deep in the D1 Supply Zone, which also has a 4H Bearish OB embedded. This OB is untested. I expect price to fall from this supply.
BTCUSD has reached the top of a Descending Channel, and entering a Supply Zone presumably holding selling orders. I believe the market will tap into this pool of liquidity, and turn over control from buyers to sellers.
Comment if you agree with this outlook. I would appreciate the feedback.
GBPJPY trade idea... How to Get a Sniper Entry
I missed my entry! Danggit! But I believe there is a teaching moment here. In this video, I would like to share with you how to get
a sniper entry and maximize your risk to reward for bigger profits!
Macro analysis to micro executions.
GJ has hit a strong downward TL, finding confluence of resistance there. Shorts here may feed us for the week, my pipples!
I hope you don't mind the longish video, as I like to teach as I give my analysis. I am hoping to help newer traders learn to become independent traders themselves.
Price has found strong support, and I am hoping it holds. One more leg to hit my final TP! But there is an opportunity
for and entry if you are not already in this trade. Also, a great opportunity for a second position added to the first, for those already in it.
Looks like we have an Inverted H&S pattern working, here. Right shoulder looks to complete very soon!
Take a buy with me, and let's see how it goes!
For more analysis on this pair, check my Weekly Forecast Video on my Channel.
Welcome to the latest Forex Weekly Forecast. I analyze 18 pairs, and put them on my Watchlist. Check the timestamps for the ones that aren't on the Watchlist. Remember, just because they aren't setting up today, doesn't meant they won't be near an entry during the week! So stayed tuned for updates!
This topic can be tricky for some. I hope I can help you with that.
Impulse entries are for people that can look at charts all day.
Pendings can help those that are too busy to keep checking charts.
Your confirmations are wick rejections, followed by an engulfer or momentum candle.
Watch the video, and see how I do it.
I hope you find the video helpful.
XAUUSD,XAGUSD, NAS100, US30, US OIL.
I mistakenly skipped SPXX.
Going to have to be patient for the swing trade setups, but I do see possible day trades setting up.
Which of these seems the most likely to render us some profits? Let me hear from you in the comments section.
Thanks for your support!
ETHUSD, like BTCUSD, is giving me the momentum candle I was looking for, confirming bearish price action....if the candle closes in this fashion! It could confirm the sellers are still in charge, and price will likely continue bearish. The fact that it is breaking back into the triangle structure is pretty telling.
Confirmation needed! No confirmation, no...
It is at resistance, giving me the momentum candle I look for to indicate price will continue downward. If that bearish engulfer closes in this fashion, it may be a good entry for a short.
The fact that it is breaking back into the triangle structure is pretty telling.
Confirmations are key. Without confirmations, there is no trade!
Check out my previous...
I gave a setup in my prev video for this pair, marked it red and ready. Then the US news came.
The US news moved the market today. ADP and Unemployment. Messed up my TA. However, there is a setup forming, and I'm happy to share it.
AUDNZD may not be my fav pair to trade, but the break and retest setup it has formed is!
Check it out and give me a vote of yay or nay!
Share your analysis with me, as I would like to hear from you on this one!
BTCUSD is in a Symmetrical Triangle. But it looks more like a Bear Flag to me. So , price has found itself at the resistance line of the triangle, and we have to wait and see what happens next, right?
Perhaps a FAKEOUT! Maybe a BREAK OUT-BREAK BACK IN move. Followed by the bearish train downtown.
Let's be patient, have a plan in place, with a backup...