Hey guys, this is one of my in-depth analysis on EURUSD. This all started with an overview of the weekly timeframe (i usually do not consider this timeframe as relevant for trading decisions) that presents an unusual situation of RSI overbought (hard to see with bigger timeframes). With this in mind i've gone to the daily tf and saw that we're right at the top of...
Hey guys, just wanted to let you know what i'm looking for these days. On the Pound we've broken a major structure level (resistance) where we managed to find a successful trading opportunity last week (see attachment). Now that's been broken, i changed my mind and i want to go with the trend to the upward direction. For this purpose, i've outlined the resistance...
Hey guys, just wanted to let you know what i'm looking for these days. On the Pound we've broken a major structure level (resistance) where we managed to find a successful trading opportunity last week (see attachment). Now that's been broken, i changed my mind and i want to go with the trend to the upward direction. For this purpose, i've outlined the resistance...
Hey guys, lately this pair had a huge increase in value, and that's due to AUD strenghtening over the last period. But this doesn't mean we can't look for shorting opportunities if they come. In this case we have an oversold condition on RSI at a structure daily level along with 618 retracement of the bigger daily leg. The conditions for a retracement are there,...
Hey guys, i'm waiting to see how price will react at the retest of the lows here. The situation on the daily is pretty clear, price has had a downward move from long time ago and i'm now expecting a relief rally out of that. Looking left now we have a former suppport zone that could act again in this pair. But since the trend is very strong i want to have a...
Hey guys, just wanted to let you know i'm looking for a reason to short this market. I've noticed we've already completed a Bat pattern and price wasn't able to close above X point, this means the structure held and therefore we want to pay attention to that. As of now though, i'm not short yet because i'm waiting for a confirmation on lower timeframes such as 1h...
Hey guys, just wanted to let you know i'm looking for a reason to short this market. I've noticed we've already completed a Bat pattern and price wasn't able to close above X point, this means the structure held and therefore we want to pay attention to that. As of now though, i'm not short yet because i'm waiting for a confirmation on lower timeframes such as 1h...
Hey guys, this is a Bat pattern that's going to complete soon on this pair, since it meets my rules i'm taking this on the completion, not waiting for a confirmation, although you may wait for it and gain from that. I'm setting an order at D point, with stops below X and targets at 382 and 618 AD retracement. Feel free to share your view or ask questions. See...
Hey guys, this is a Bat pattern that's going to complete soon on this pair, since it meets my rules i'm taking this on the completion, not waiting for a confirmation, although you may wait for it and gain from that. I'm setting an order at D point, with stops below X and targets at 382 and 618 AD retracement. Feel free to share your view or ask questions. See...
Hey guys, this is the 4hr chart on AUDCAD and, as you can see, price has managed to break and close below a key support level (on the daily) @0,9950. Since this happened, we can now expect to see support turning into resistance, following the trend established in the downward direction. This zone also helps us creating a comfortable area where we can have good...
Hey guys, this is the 4hr chart on AUDCAD and, as you can see, price has managed to break and close below a key support level (on the daily) @0,9950. Since this happened, we can now expect to see support turning into resistance, following the trend established in the downward direction. This zone also helps us creating a comfortable area where we can have good...
Hi guys, after consolidating in a parallel channel for about 40 days, price has finally managed to break to the upside, and also managed to have a daily close above this upper line. This means only one thing: it wants to go higher, and therefore i'm waiting to see a small retracement and then, if conditions will be met, i'm buying this up hoping for a big rally...
Hey guys, this is a big cypher pattern that's already completed on USDJPY. This means we are now in a reversal zone, based on the ratios of this pattern. When such a large pattern appears i'd rather play "conservative". I've outlined a reversal box and i'm now waiting for a further confirmation on lower timeframes, such as 1hr and 4hr. Uptrend is still strong but...
Hey guys, this is a big cypher pattern that's already completed on USDJPY. This means we are now in a reversal zone, based on the ratios of this pattern. When such a large pattern appears i'd rather play "conservative". I've outlined a reversal box and i'm now waiting for a further confirmation on lower timeframes, such as 1hr and 4hr. Uptrend is still strong but...
Hey guys, this pair didn't take breaks, it's skyrocketed from 81 to 89 in less than a month. It implies of obviously a great disparity between sellers and buyers, but i think this could be at the end point. Looking left, this level of resistance is the last major one: it's also a weekly level and price always respected it in the recent past. This makes me think we...
Hey guys, this pair didn't take breaks, it's skyrocketed from 81 to 89 in less than a month. It implies of obviously a great disparity between sellers and buyers, but i think this could be at the end point. Looking left, this level of resistance is the last major one: it's also a weekly level and price always respected it in the recent past. This makes me think we...
Hey guys, just wanted to let you know what i'm looking at this morning, a bat pattern completing right a daily structure zone on the hourly chart. Stops above X, targets as usual for harmonic patterns. If you want to share your idea or ask questions, feel free to comment below. Otherwise, see you in the next chart!
Hey guys, just wanted to let you know what i'm looking at this morning, a bat pattern completing right a daily structure zone on the hourly chart. Stops above X, targets as usual for harmonic patterns. If you want to share your idea or ask questions, feel free to comment below. Otherwise, see you in the next chart!