IM NOT A SWINGER BUT ATTEMPTING THIS ONE .. SEEMS VALID ENOUGH .. GREAT RISK TO REWARD .. I LIKE THE PRICE ACTION--PRICE IS ENGULFING OFF OF THIS SMALL 4HR TL .. I SEE PRICE REACHING A WEEKLY TL RESISTANCE WITHIN THIS WEEK SOMETIME .. LETS SEE .. ALL TECHNICAL ROADMAP ..
PRICE FAILED TO CONTINUE BULLISH MOMENTUM AFTER MONTHLY FIB BREAK (FAKEOUT) .. TIME TO ADJUST AND LOOK FOR SHORTS AND ADJUST ALL ASSOCIATED PAIRS.. IF PRICE FAILS TO BOUNCE 96.50 TO 96.00 AREA THEN IM SHORT UNTIL NEXT MONTHLY FIB SUPPORT 2ND WEEK OF MARCH
I see a potential long setup with,
ENTRY : 1249.06
STOP : 1246.30
TARGET : 1260.00
ZONE TO ZONE PLUS WEAK DXY , SHOULD BE INTERESTING WITH FED WED BUT THIS IS JUST THE CURRENT PRICE ACTION I SEE .. BEST OF LUCK
PRICE CLOSED WITH A DECENT REJECTION SIGNALLING TO ME POSSIBLE UPWARDS MOMENTUM TO KICK THE WEEK OFF WITH .. IM TARGETING 113.70 AS NEXT RESISTANCE AREA AS I HAVE HELD OVER THE WEEKEND MY LONG .. DECENT RISK TO REWARD ..PRICE IS IN THIS 4HR CHANNEL AS I SEE IT WITH BIAS BEING TOWARDS THE LONG SIDE, ENJOY ..
Hey traders, so I see a huge rejection off the daily trendline after fridays big selloff with the CAD numbers and news .. I now see it possibly reaching towards 1.34 resistance .. This chart displayed is the hourly timeframe and as you can see the candle closed bullish with barely any wick above a support zone .. Great risk to reward setup.. Enjoy and take at own risk!!
Hey everybody so I am a scalper mostly but since finding how easy it is to share analysis with Tradingview I figured Id just post my ideas since I am analyzing them anyways .. So, here is a decent risk to reward swing setup for USD/MXN .. Friday we had a pretty decent selloff .. The daily candle closed with a huge rejection wick off that daily trendline .. I will...
Alright so here is a good setup i have come across now that the markets have closed .. unfortunately i am currently in GA longs which i have not exited for the weekend .. hoping for one last push up (liquidity spike) then the sell from this potential daily supply area in confluence with the 78.6 FIB level and the 4hr ABCD Pattern .... Great Risk to Reward...