EZ PEZ #BEYONDTECHNICALANALYSIS.
Easy trade. Thank me later. #BeyondTechnicalAnalysis
On the daily chart we have a inverted hammer at the most recent resistance level. We are overall in a bearish market right now with the DXY, if we take a look at the 4h chart we can see that we did, after some consolidation, just break the trend line again. A 4h close BELOW the trend line and we did as well get the low doji close as well. Beautiful price action...
As we can see from earlier movement, we recently had some consolidation yesterday at the 50% fib level. However I was waiting for a break out of this consolidation and waiting from a price action confirmation regarding the continuation of the downward movement. Could have gone short earlier at the top of the resistance, however I was not available at this...
Hello guys, I've been idle for a while but I am finally back. Going long on the EURUSD, got a support line in confluence with a longer term 38,2% fib level. At this level, we were almost getting the morning star candlestick formation until the gap appeared after the weekend. However we do have a upward pattern continuation pattern after this gap. We formed a doji...
I don't have a lot of time so I'll make myself clear. I believe we are going in a upward direction, and as we can see the market respected the resistance level. However I have strong beliefs that this is a dip, my resistance level has turned out to be around a major 61,8% fib level as well. So I do believe that this is a temporary setback and that this is THE dip,...
I don´t have a lot of time right now so I will make this analysis text very short. We just reached the resistence level and formed a clear gravestone doji and the candle after that closed below it. It is a gravestone doji low close. Entering my position, and putting my TP on the support level/trendline. Since I have already entered the trade, my risk is 40 pips for 85-95.
We can see on the 1h Chart that we are closing above the both dojis and with a lot of muscle. Price is getting pushed up and we are buying the dip. TP is now set at the manual resistance level. Took profits at 60 pips , re-entering trade for 44 more pips to go! Price is breaking the 38,2% fib level at the same time as doing a high close doji in just one candle. RE...
We are in a clear downtrend right now, but bears are losing momentum. If we take a look at the daily chart we can see a doji formation as it touches the support level that goes back 2 months. This means that indecision is taking place on the support level, therefore bears are losing muscle. If we take a look at the 4h chart we can also see a beautiful morning star...
I did, without updating the idea, update my TP on the 38,2% fib level instead of my own resistence level because I would like to assure my pips. So I closed the trade the second that USDJPY passed above 38,2% fib level retracement. Turns out I made the right call since it already have retraced down with 25-30 pips since then. Close your profits if you still are in...
TECHNICAL ANALYSIS : I HAVE ALREADY ENTERED THE TRADE - If we take a look at the fibonacci retracement, we can see that we have a very BEAUTIFUL entry with a morning star candlestick formation at the 50% fib level, which was expected at 50/61,8 since those are psychological support levels in this case. This FIB level is also one of my previous resistance levels...
As we can see on the 4h CHART we have just reached a critical level, it is not only a formal resistance line but also a 161,8% fib level extension which confirms that the resistance level is strong. Since we usually don't want to against the overall bullish market and be in the stressful side of the trade, we observe the RSI as well as price action (if we would be...
I have already entered the trade! ANALYSIS: If we take a look at the chart, we can see that we have a very trendline and a very strong support level which has been tested before. It does signal very strong support, and it will be hard to break. We have just reached our support level on the H4 timeframe, and we have a beautiful price action confirmation called...
We can see clear price action confirmation at the daily resistance level. The bulls have lost their momentum, we can see this by looking at the shooting star just below the daily resistance level. Putting my stop loss on the high of the shooting star after candle close. TP on the pivot point. Risking 13 pips for 48. Look at the box in order to see how I have...
I HAVE ALREADY ENTERED THE TRADE: 15min chart GBPUSD Broke below the pivot point . Using price action as confirmation: Got a LOW CLOSE doji and a shooting star just below the pivot point, this indicates that our pivot point is resisting us from closing ABOVE the pivot point. Using the high of the shooting star as stop loss (9,3 pips) and S1 as TP (27 pips). The...