On the 4hr chart, AUDUSD is on a recent downtrend as I see a sequence of impulses and corrections to the downside. The RSI value is around 50, which indicates that the market is correcting. I mark the high and the low and after applying trend line theory and fibo, I am able to say that:
a) The market is making a 123 to resume the downside
b) The market has made a...
On the 4hr, the market has been on a downtrend as I see a sequence of impulses and corrections to the downside. The RSI has recently showed divergence and I will take as a warning. I mark the low and after applying trend line theory and fibo, I am able to say that:
a) The market will make a bigger 123 before resuming the down movement
b) The market already made...
Looking at 4HR, the market is on a downtrend as I see a sequence of impulses and corrections to the downside. The RSI is around 50, which indicates the market is correcting. After marking the low and applying trend line theory and fibo, I am able to say that:
a) The market is making the next impulse and might start correcting at the highlighted area
b) The market...
On the 4hr chart, UJ has been trending up as I see a sequence of impulses and corrections to the upside. The RSI value is close to be oversold, which I take as a warning sign. I mark the high and the low and after applying trend line theory and fibo, I am able to say that:
a) The market has already made a 123 and is on the making of the next impulse
b) The market...
- Weekly downtrend, MA's are still crossed down
- 2 engulfing candles at the daily resistance level
- Daily timeframe with contracting MA's which indicates weakness on the pair
- Resistence level
Esta idea de práctica no es un setup para operar y es de uso personal.
Encontramos que la tercera onda en baja es mayor a la primera (la onda 5 es mayor a la 1).
Al mirar el ABC formado de la supuesta segunda onda (onda 3), nos encontramos que es igual al 30% del retroceso total.
Por lo tanto, podemos afirmar que solo se ha formado la primera onda y hay que...
This chart shows a revision on the Euro-US Dollar in the 4 hour timeframe. The analysis is based in market structure rather than the Fib presented.
As you may see, there was a strong bullish tendency since the beggining of March (1 ) which dropped down around 1.09008 . Afterwards, the market tried to imitate the same upwards movement, but with many corrections...
This chart shows the big picture of my recent idea. As you may see, in 2016 the market started to fall after a big rise in mid 2013. Following the trendline, price should touch the support line, which means a great sell opportunity as I said before. However, future candles should not surpass this level, because it has been tested several times since 2013.
This chart of the British Pound and Australian Dollar shows flag forming . This structure could mean two things:
1) A really profitable sell setup, which may go down and give a slight touch to the support line.
2) A long market correction and an up-trend motion.
I am looking forward for the first option, as it will give us two big trades that I will post...
This chart shows an overview of the Euro and Canadian Dollar. The market has been forming a bearish tunnel-like structure since the beginning of 2017. I am not so sure there will be a break out in the 2016's Support, but I am expecting a slight touch and a bullish motion.
Although this analysis is for a long-term position, small trades can be done in this area...