Here as you can see the market hit the top ( supply zone ) for the third time & it got rejected by the sellers pressure.
It's the best time to SELL the EURUSD, so DON'T MISS THE OPPORTUNITY ! !
1. --> STRONG REJECTION ( Sellers react when the price goes to the top).
2. --> DXY CORELLATION ( DXY-USD currency index it shows signs for a bullish...
Here we have a break and retest at 1H chart to the ascending channel and we are going for the continuation.
---> As the market break with a big/sharp move the resistance level it came down to retest it.
---> It's the best time to buy at the support which was resistance.
---> Profit target is at 60 pips which gives us a Risk To Reward 1:2
HAVE FUN & HAPPY PROFITS ! ! !
HIGH PROBABILITY REVERSAL ZONE.
This is the high probability set-up you've been looking for.
As you can see the market just hit a VERY critical area where the market rejected the price multiple times (pink circles) in the past
and from supply is now a STRONG demand zone.
We are expecting the same rejection as the previous week (120+ pips) but we put Take...
WARNING ---> HIGH PROBABILITY SET-UP ! ! !
HOW TO TRADE IT?
The opportunity here is to SHORT the top with a small Stop Loss & a big Take Profit --> 1:5 Risk To Reward Ratio.
So wait until the market reaches the resistance at 0.6230 again and put a short order OR
put a pending order (SELL LIMIT) at the price you want which it is better to be around 0.6325 -...
MAIN IDEA: The main idea is to SHORT the rallies, SELL the top.
Here we have 2 possible scenarios on NZDUSD after the ASCENDING CHANNEL pattern:
Scenario 1: The market will go to re-test the supply zone at (0.6945-0.6975) and it will immediately drop down because of the strong sellers pressure caused of the resistance at old highs ( 2018 - 2019).
EURUSD is in a critical area and it show a price action for a drop in lower timeframes.
Stop Loss position is very good because it covers the next critical area ( High from September ).
Take Profit at 1:3
GOOD LUCK & HAPPY PROFITS ! ! !
Here we have a great opportunity to sell a high from a sideways market.
It has very good risk to reward and you can extend the target if the market breaks it.
Your profits can go up to 300+ pips ( Length of the sideways channel ).
Here we have a great example of a PENNANT PATTERN.
It's an impulse - correction - continuation pattern.
Wait for the breakout for the continuation and then enter the market.
IT CAN TAKE PLENTY OF FORMS ! ! !
Here we have a nice example of the INVERTED HEAD & SHOULDERS PATTERN.
It's a simple pattern and easy to spot but
bear in mind that it isn't always look perfect.
It offers a very good Risk To Reward ( 1:5.5 = 550 pips).
SO TRAIN YOUR EYES TO SPOT THEM & CATCH THAT BIG MOVE ! ! !
Here we have a great example of MULTIPLE BOTTOMS.
In this pattern the market gave you the chance to re-entry the market
with the re-test pullback and the it gave the big move.
--> Very good Risk To Reward (1:5.5 = 550 pips).
WATCH OUT TO CATCH THIS PATTERN THE NEXT TIME ! ! !
Here we have a nice example of a ROUNDED BOTTOM pattern.
Here is a continuation pattern, but it could be a reversal pattern
if the market was trending in a downtrend before the pattern occur.
--> Very good Risk To Reward Ratio ( 1:4.5 = 450 pips).
WATCH OUT FOR THIS PATTERN BECAUSE IT OFFERS VERY GOOD MOVES ! ! !
Here we have an amazing example of the ROUNDED TOPS. It's the best example that's in the market!
--> AMAZING Risk To Reward Ratio (3000 pips)
--> Rounded top aren't always a reversal pattern,
it could be a continuation if the market was moving
downtrend before rounded tops.
DON'T MISS ROUNDED TOPS AGAIN, BECAUSE YOU SEE WHAT OPPORTUNITY IT IS ! ! !
Here we have a nice example of a DESCENDING CHANNEL, which is a continuation pattern.
The take profit target was to 1 : 4.5 (450 pips), but you could extend it even to over 900 pips.
DON'T LET ANOTHER CHANNEL LIKE THIS UNTRADED ! ! !