Looking at a shift candle pushing off 21 EMA, on a downtrend, with confirmation of crossover. However it has yet break the support of Asia trading range Rating: B Setup
looking at shorting due to divergence forming on 1hr timeframe, and price chart is on resistance level
Looking at my previous entry for this pattern, It has been a false breakout upon pushing pass the neckline, However now it offers a better risk reward entry. Should the setup is valid. Trading Game plan (For consistent results) 1. Trading only with maximum 2% of account value ( Not to have huge draw down of account) 2. Only trade @ KEY supply/Demand...
Looking at XAG retesting longer term resistance of 18.74-19.36 range Waiting for a pull back to enter long.
CAD JPY testing key support area, Looking at it pushing deep into the key resistance area before coming back down for a healthy correction. Might offer decent Risk Reward ratio. Trading Game plan (For consistent results) 1. Trading only with maximum 2% of account value ( Not to have huge draw down of account) 2. Only trade @ KEY supply/Demand zone ...
Hello there everyone we have got a very decent Risk to reward trade setup forming of USD JPY, At a KEY resistance zone, we are looking for a very powerful breakout of the chart to trigger our trade setup, just waiting for the confirmation of the trade. Either up or downside. All the best guys! Trading Game plan (For consistent results) 1. Trading only with...
looking at longing for AUD USD, Double Bottom structure broken Looking at entry on pullback with 2 price target Possible testing for 0.700 level on larger timeframe.
Looking at trading this inverted head and shoulder formation. Waiting for confirmation on breaking of neck line with 2 TP zone.
SPX broke 3000, however its not a very clean break, looking at followup action tonight Its still within a rising wedge structure which is potentially bearish. If it fails to breakout of the structure, it will offer a very good risk:reward trade setup! All the best!
Looking at Eur JPY hitting the supply zone, potential short trade setup with decent risk reward. Waiting for market to trigger confirmation!
Top forming coupled with abnormal volume with little change in price. We can conclude that theres massive exchange of shares with little change in pricing. = Huge selling or huge buying. Judging from the placing in the chart we can see that likely there's an exchange of shares from smart money to public. Sell order triggered
Range Bound trading, with more skew towards the down side. However due to the strong rejection doji, I suppose the trade is warranted if given a good pull back 2 kangaroo tail confirming the rejection of level 7790 area. Having said that, would like to have an attractive risk reward ratio of 1:2 thus waiting for a good pull back to around 7790 area for...
Looking at shorting Lovisa, 2 signs. Although its on a very strong bull trend, however we can see from volume price analysis There is strong resistance forming with 2 Doji companied with high volume which signified potential hidden selling taking place. Unless fresh buying power is coming in, Lovisa might be due for a correction towards the immediate support...