TheSnowballEffect

TheSnowballEffect

Because AUDNZD is very correlated and thus very rangy, I am betting that price will be breaking the support level to grab liquidity to go back up into the range. Doing so creating will be creating a big range with a very small decline downwards.

TheSnowballEffect Updated 

We have been pushing down for 2 weeks now. I am placing my entry so that is the price doesn't go down, I will not be in the trade

TheSnowballEffect

I think long term US Dollar Index will be breaking down. We are in a rising channel and it looks to be distribution because we are slowly rising and we reached and rejected nicely the resistance level. We have also taken out the previous highs.

TheSnowballEffect

Price is in a zone and is developing for a new push down to continue it's downtrend or push up respecting this trendline. I will be looking at a shorter timeframe for indication of where price will want to go next.... this is the 1H ^^ Here is a look at the daily chart trendlines:

TheSnowballEffect Updated 

Slow rising channel reaching it's top in confluence with the fill of the imbalance to the POC level + the rejection of the Daily 200 EMA This chart shows the 15 timeframe self explanatory trade. Multiple confluences And to reinforce the setup, here is NZDUSD on the 1H where it could be creating a new trendline if it rejects at this exact area: Personally I...

TheSnowballEffect Updated 

The trend is clearly downwards. We can see that the H&S has failed, indicating the price want's to continue to the downside. We can see that the support level has been tested many times already and is ready to be broken. When this happens, it should form a spring to the downside; taking all the liquidity short from the stop-losses placed below. We can see from...

TheSnowballEffect

Here we have been going down for a while, but in a slow fashion (daily). So it is slowly accumulating and building up energy before breaking free and taking out all the stop losses that was left during the slow down move. Here you can see the entry better on the 1H and why I put my entry and SL at these areas: Taken in March 2017 Here is the daily clearly...

TheSnowballEffect

Context: we are in a strong Daily aggressive uptrend. I have explained in the chart how the trade played out and why . 4.5 Risk to Reward Ratio trade setup explained visually

TheSnowballEffect Updated 

We can see that price has moved up to take out liquidity, then move aggressively to the downside. This means that the trend is likely reversing to the downside. This looks like the top of the rising wedge and we could be seeing the start of the down move; taking out the lows along it's way and fueling price to the downside. I say fueling because it will be...

TheSnowballEffect Updated 

Looks like it is going to bounce here. It looks like a new trendline is likely to form because the start of that trendline is a key POC level where the aggressive move up has started.

TheSnowballEffect

A Spring pattern could be forming I am looking for price to consolidate just below the downward trendline so that it can break it with such force that it goes aggressively up, triggering my stop buy order. I still think it has to go down a little bit to fill the lower imbalance created before it can push higher with force. There is also a double bottom from the...

TheSnowballEffect

Parallel trendlines could be forming Support level also

TheSnowballEffect

I am looking for a small push up, then break of upwards trendline for an aggressive push down to take the stops.

TheSnowballEffect

Volatility is picking up here at the second bottom where it formed RSI divergence. Plus this is in convergence with the formation of a new horizontal line and a downward trendline. the 2 downward trendlines form a falling wedge... A falling wedge at the bottom of a range makes it look like a spring to me. There is also the fact that when there is 2 successive...

TheSnowballEffect

The falling wedge broke to the upside and I am now looking for a retest to enter long with a good Risk to Reward Ratio.

TheSnowballEffect

Price has been pushing down, but it now reached the POC level where the upwards volume should pick back up. This would make it pump past the highs for at least a 300% return Either way, this is a good entry because the price is a the bottom of it's yearly range

TheSnowballEffect

The accumulation phase is ending. Price broke up the downward trendline and is ready to make it's next leg up (or continue to 100k$) In the short term, I can easily grab a 3.6RR to the next resistance zone simple

TheSnowballEffect

We can see from the higher timeframe that price has been bouncing on support and is now ready for a new leg upwards. Price formed a double bottom with the second bottom being lower, and the RSI being higher, so this gives us RSI divergence. Furthermore, the second bottom has formed a Head & Shoulders on the lower timeframe, thus creating a spring + breaking the...