Price have FOMC effects still running in it and it is highly anitcipated that price can move back to the triple bottom half way below.
A rejection candle has formed and high chances it will go down from here, however, we have our stop loss a little higher to allow some room for the price.
The price has been moving up for a very long time now and it has formed a rising wedge in the H4 timeframe. However, we can see that the price has gotten out of the trendline and did a retest to it with the GBP News release, it is also respecting the minor trendline's resistance that has been formed in the H1 timeframe.
Price has the potential to move down from...
Of course, we shall wait for a broken trendline and wait for a retest, but this is a risky trade and we're aiming a 10R at least from this.
CAD is going down in most of the charts due to some news movement soon and this may be a helping hand for us.
However, keep in mind that this is a risky trade and it shall not be done without proper risk management.
Price has hit the untested supply and it may reflect the demand zone and a great confluence is that it hit the resistance of the trendline that was not heavily respected on the support zone.
Simple trade, keep the charts clear and beautiful and we can be profitable than ever.
Here we can see again a beautiful trade coming up.
- Rising Wege in the 4H time frame
- Rejection coming from top and selling pressure on the wicks.
- Almost near to supply but maybe rejected earlier.
- To touch the trendline.
Simple concept, good risk management and let's rock it together.
In short, the price has broken the daily trendline and after hitting support in the daily, it just came in contact with a significant resistance to overcome which in the best-case scenario, it wasn't able to break, good chance it will travel down after grabbing the liquidity it needs to respect the rising wedge.
Never risk more than 0.5% risk on this, and...
It's very simple in this case, the market is ranging from supply and demand for some time now, and history tends to repeat.
We are going short from the supply to aim for the demand but there is a good chance, price will shoot back up after reaching half our target because overall, the daily structure just hit the support below, so we need to be cautious once we...
Price did go down after coming in contact with the trendline previously but NFP caused a move that most probably has to be covered back and price may touch the major demand to fill the imbalance caused. We need to be aware of the good price action sign here because the price can also be seen to come in contact with a significant support and resistance zone here.
Price is retracing from the supply and the trendline is yet to be touched for some time.
High chances it will melt to our desired TP but still, it could be a bullish correction in action which may take us out, hence proper risk management has to be done.
Probabilities and possibilities, let's keep it coming.
The rising wedge that was formed in the daily time frame was taken out and it is highly anticipated going down to reach the support.
The Stop Loss, in this case, is above the recently formed high and take profit is very optimally placed near the significant resistance turned to support.
Apply good risk management and aim for good RR.
10% return per week,...
Here we can see an extremely beautiful move coming up by the anti=dollar.
The price has broken the trendline and did a retest, and got itself a beautiful rejection from the H4 time frame.
Price has great chances to short from here to reach the demand zone for further continuation down after a retest again.
Apply strict risk management system and aim for a good RR.
We had a breakout to the upside from the ranging market but NFP made it come back to the mid-range zone.
Here the candle confirmation is very vital, there are 2 possibilities, price completing the inefficiency caused due to NFP and continue rising or even drop for common demand zone (bottom green line) and make it way back up for the supply.
Anyway, we go long...
The price did the move as we all anticipated, a beautiful 400 pips move down where we just target about 150.
However, after the major retest, we can see the price has made a rejection candle in the 4H time frame and hit trendline which is a good sign of continuing back up. The price may be back up to the 1950 golden zone as we all know.
Allow some beautiful...
In short, the price is working in a rising wedge and it may breakout to the upside if it doesn't do as per technicals (go down from rising wedge).
Shortly after, it could reverse from the supply zone as it also acts as good resistance.
Never risk more than 0.5% on a single trade and try to apply a good RR for the trade.
If seen by the bigger picture, there is a rising wedge on the bigger time frames and the structure is holding from breaking further up using the supply zone that can be seen in the chart.
However, it could still go and create a new high in order to make a liquidity grab move but we enter when the candles on the 15 or 30 minutes are clear with price action. Put...
Price has a good chance of reflecting from the Demand Zone to reach the Supply Zone.
However, it would be good if we wait for a retest and seek good confirmation candles with an appropriate candle sign.
Never risk more than 0.5% risk per trade and aim for a 2 RR at least, 3 would be better.
Although still acting in a bullish trend, the price is lacking a good retest or pullback to test the price below near the demand line.
There is a good chance that it will reflect from the supply zone but allow good confirmation candles to take place as it is important especially in the 5 and 15 mins time frame.
Put stop-loss above the resistance formed, and...