hey traders, I am and I was among those traders, who was skeptical in a further exponential growth on gold this autumn. And finally selling volumes have been accumulated and we see a strong bearish breakout of key structure support . Our bias clearly remains bearish and there is a lot of space to go lower, however, what is worth paying attention to is the...
on EURUSD we see a bearish continuation. Next level of support that I will pay attention to is the wide area between 1.080 - 1.085. This area is a perfect conjunction of a horizontal structure support on weekly timeframe and a support line of a falling parallel channel . There will be a high chance to see a pullback from the identified area, so I will be...
on EURUSD we see a bearish continuation. Next level of support that I will pay attention to is the wide area between 1.080 - 1.085. This area is a perfect conjunction of a horizontal structure support on weekly timeframe and a support line of a falling parallel channel. There will be a high chance to see a pullback from the identified area, so I will be...
hey traders, after a very good long trade that we have taken this week, it is time to adjust our trading plan. Next week I will be paying close attention to a rising wedge pattern that can be easily identified on 1h and 4h charts. On Friday the market has closed approaching a support line of the wedge. Most likely buyers will push the market higher from this...
hey traders, GBPAUD is approaching a key support level on a daily. On 1H chart the market has recently formed a double bottom pattern and currently, it is attempting to break above the resistance line of a bull flag . if it breaks, it will be a perfect confirmation to buy the pair expecting the retest of the recent market high. T1 - 1.835 T2 - 1.847 Stop -...
hey guys, thank you for supporting my previous ideas! As I promised, here goes a trading signal :) usdchf has recently broken below a rising wedge on a daily and on Thursday we saw a perfect retest of the support line of a broken wedge. On Friday on 1-hour chart the market has formed a perfect double top pattern and broke below minor support beneath it on...
hey traders, GBPAUD is approaching a key support level on a daily. On 1H chart the market has recently formed a double bottom pattern and currently, it is attempting to break above the resistance line of a bull flag . if it breaks, it will be a perfect confirmation to buy the pair expecting the retest of the recent market high. T1 - 1.835 T2 - 1.847 Stop -...
hey traders, though many traders have already turned bullish on EURUSD , I will be more patient and wait for a bullish breakout of a 1.096 - 1.097 narrow neckline of a classic head and shoulders pattern. only then my bias will switch to bullish . Target levels will be based on structure: 1.1 / 1.104 If the market sets a new lower low lower close, setup will...
hey traders, though many traders have already turned bullish on EURUSD, I will be more patient and wait for a bullish breakout of a 1.096 - 1.097 narrow neckline of a classic head and shoulders pattern. only then my bias will switch to bullish. Target levels will be based on structure: 1.1 / 1.104 If the market sets a new lower low lower close, setup will...
hey traders, nzdusd is standing on a 6 years low on a weekly. recent false breakout of a previous structure low on a daily leaves us clues that bearish pressure is exhausted. currently, the market is started to contract within a symmetrical triangle formation - a clear indication of high indecision. though according to a common rule, we trade such...
hey guys, thank you for supporting my previous ideas! As I promised, here goes a trading signal :) usdchf has recently broken below a rising wedge on a daily and on Thursday we saw a perfect retest of the support line of a broken wedge . On Friday on 1-hour chart the market has formed a perfect double top pattern and broke below minor support beneath it on...
hey traders, nzdusd is standing on a 6 years low on a weekly. recent false breakout of a previous structure low on a daily leaves us clues that bearish pressure is exhausted. currently, the market is started to contract within a symmetrical triangle formation - a clear indication of high indecision. though according to a common rule, we trade such triangle,...
descending triangle formation on usdcad . the market has stopped setting new higher highs and shown a row of lower highs instead in confluence with clear rsi divergence. our bias remains bearish and on focus is the horizontal support of a triangle. breaking below the support, market will confirm bearish sentiment of its participants and we can short the...
descending triangle formation on usdcad. the market has stopped setting new higher highs and shown a row of lower highs instead in confluence with clear rsi divergence. our bias remains bearish and on focus is the horizontal support of a triangle. breaking below the support, market will confirm bearish sentiment of its participants and we can short the...
hey traders, after a very good long trade that we have taken this week, it is time to adjust our trading plan. Next week I will be paying close attention to a rising wedge pattern that can be easily identified on 1h and 4h charts. On Friday the market has closed approaching a support line of the wedge . Most likely buyers will push the market higher from this...
USDCAD: Short Trade With Confirmation very peculiar trading setup on USDCAD . on 4H the market has recently touched a falling resistance of a descending triangle and we see a row of multiple rejections. on 1H we see a double top formation and for confirmation, we only need to wait for a bearish violation of minor support beneath it to short the pair. T1 -...
bearish bias remains on S&P500. the market was coiling within a bull flag for a while but once it faced the major resistance we see a clear formation of a lower high + dodji candle. I expect bearish continuation and still hold short trade from higher level. for those who missed the trade, you can wait and sell bearish breakout of a flag. target level will be 2950
How to identify a key structure level? How to project the market direction? My thoughts on EURUSD. if you like the analysis, please, like and comment the idea!)