Very nice, Price gave a different form of bearish pattern.
At this point, everyone can clearly see this is a reversal pattern: Head and shoulder. Price will make a pullback to go lower, so no, we haven't missed the sell opportunity for the end of the week. The 2 scenarios are possible, but with H&S pattern, it is more likely for price to retest the neckline and...
Price is currently on a bullish expansion, and has formed a trend.
I would be anticipating a possible pullback to 1.223 before another bullish run to 1.249. The key for entry for the sell would be a 15mins BOS lower.
*As always, trade cautiously.
Price was initially in a holding pattern showing distribution. However, on Tuesday, 24th Jan, price failed to break the low of the structure and we have been observing HHs.
I have identified a possible bullish trend, and likely expansion to the next levels at 161.8% (1.10030).
I would be interested in a position to buy with a 15mins BOS.
*As always, trade cautiously.
Price has been in a consolidating pattern for over a week on EURUSD. Last week (3rd week of January) saw a distribution pattern emerge. We have currently made a HH after a strong bearish impulse to 1.0782.
I would be watching for breaks in structure now as the signal to sell to 1.0603.
*As always, trade cautiously.
Following Price action, GBPUSD did not fall as far as estimated for December 2022. However, this is still a Seller's market.
Using Technical Analysis, I am anticipating at least a 200pip drop to 1.1881 before price retest supply zones at 1.229.
It is important to wait for price to take out liquidity at 1.21076 before we see the drop.
**Please remember, this is a...
Price found support 1.1923, and we have been having multiple 1h breaks in structure.
However, Wednesday LDN and NY session showed price consolidating at the break of a major structure.
I am anticipating a liquidity grab to discount and then bullish price action to 1.2138 for Thursday and a further bullish break of structure to 1.2242 on Friday.
Always, trade cautiously.
The long anticipated bearish retracement came through. Price met my bearish target from previous analysis (see referenced ideas) at 1.1881 and broke structure on the H4.
For this coming week, following price action I would be anticipating a retest of the discounted zones at 1.1936 before a bullish run to 1.2298.
My idea for potential price behaviour using the...
With Price breaking the low of 1.20176, Price action changed and has clarified the trend developing.
Price rejected a major resistance zone at 1.2105 forming a 3rd wave of the trend. Therefore, my current bias is bearish, and I would be looking to sell into LDN session to the 161.8% expansion (1.1858).
Currently, we have what looks like a lower asian high,...
Following Price action, I have had to constantly adapt and update my positions to take advantage of the market.
We have currently broken structure on the H4, however, we have not had any significant pullback to any of the golden ratios: 38.2, 50, 61.8. Instead price has continued in a mini trend.
To complete the trend and following the impulse of price action,...
GBPUSD broke structure on the daily, however, we have had no retracement since the bearish impulse began. I started identifying this expanding diagonal since Monday, and price has been consistent with the expansion.
Mid-week trading on Wednesday usually sees a reversal of momentum for the rest of the week. Instead, I can see Price has completed the reversal...
I would be looking for a sell from 1.21600 to about 1.19000. We've made a lower high and broken structure to the downside. The anticipated pullback did not occur. Therefore the next target is at 1.19000.
From my analysis, I am looking to continue buying from 1.21276 to 1.23064 for today, the end of the week. I would anticipate a further buy into next week to 1.23764 before the sell continuation. This is all part of a correction.
As always, trade cautiously
Hello everyone, the sells have begun. Following my previous analysis, We've been anticipating sells for the rest of the week, with indicated targets at 1.1739/1.1738. The areas I have marked on the chart: 1.24251, 1.24042, 1.23552 are possible areas of pullback with this sell impulse. It is best to wait for price to pullback into areas and wait for consolidation...
Hi everyone :)
I usually play my game plan as an overall guide to my day trading for the week. For any disciplined funded trader, one of the common rule is our inability to hold trades over the weekend or continuously through a month. Except you also are building a side account like me ;). However, I am sharing my entire analysis, because we are at the end of the...
As part of my previous analysis, I am expecting a recovery on the GBPUSD to 1.24235 or 88.6%. Price is currently at a 1.618% expansion. This would be a internal retracement in the sell continuation. At 12, we have BOE interest rates announcement. This should help provide the momentum to those levels.
As detailed on my chart, I am looking for a pullback in price action to 1.22303 during market open and Asian session for about 60pips on average, then a buy position for about 100pips into LDN and NY session. A more precise TP should reveal itself with Price action.
From my analysis, Monday and Tuesday should see overall bullish price action.
From my previous analysis, Price did not pullback into resistance and the upper OB, rather made a 38.2% retracement, before falling to the 88.6.
I entered on the 5mins BOS, and I am expecting price action in this shape.
The pullback on the shape should correspond to a 38.2% or 50% from the recent low. This is of importance when looking for an entry.
We also have...
As detailed on my chart, I am looking to sell for about 50pips, and then buy for about 80pips to conclude the bullish move for this week. It's been a good ride. Next week might see massive bearish moves.