Waiting next week opening for a bounce off the demand level at 1.1250. Setup is Long: - Entry at 1.12525 (to cover the spread) - Stops at 1.1221 - First target is at 1.1320 I like this setup because on the higher timeframes there is no fresh supply near current price and the overall trend is bullish, so it's a nice opportunity to enter the uptrend, at least...
A nice opportunity to buy this pair has arisen, as the DXY is hitting a daily supply level and on the AUDUSD pair, we see price has just hit a daily demand, a 240 min demand and 30 min demand levels at the same time. So, is a very high probability trade but we can always wait for a confirmation (RSI divergence, RSI overbought/oversold, double bottom, doji canddle,...
This pair is resting at a weekly demand level, however is not a fresh level and price seems to be piercing through the level. In the 4H timeframe there is a fresh level above (1.27220 - 1.27628) that, in the case of a broken weekly demand level, could be the entry level for joining the downtrend until price reach next daily fresh demand (1.24637 - 1.26252). So,...
USD still worth about a quarter any way you slice it...dollar back at the top, again, of what's closing in on a three year range. Will break out to the upside and if it does will it gain any value down at the consumers level. My view is that it is only more expensive but it's purchasing powere is weaker than ever. I'll remain neutral until I see an actual...
Short term demand levels. The one I am interested is the level between 1.6157 - 1.6175, because it had a very nice departure and a RR of 2:1 for our initial target. Good luck!
Many things going on in this pair, so next week would be nice to see that Shark pattern complete. Price is just inside a demand zone right now, so I will pay attention next week at the reaction here, Another demand level below and finally the completion of the Shark pattern.
These demand zones are the most likely places where price is out of balance and will turn around. 450-410. -Untested demand where we see days of consolidation in price then a large and rapid move out of that area. 360-310 - This is an area where Prior Resistance became Support. It is also the lowest price point since the January rally and remains...
Since February, GER30 has tried to cross the demand zone, however after multiple attempts, we haven't seen a major correction, just a series of up's and downs. This time, it has aggressively went down almost touching the demand zone but it is now approaching another important support line which has been in a bullish tendency since November 2013.
GBP/USD felt to really important level if there's an chance that it will conitnue the uptrend that we might be just getting to the entry point at the moment. There's an confluence of green marked Demand zone, 50% Fibo retracement of last swing up (1,669-1,719), daily trend line and the previous smaller leg up low at 1,685 level (red circle). Todays down move was...
This is a trade I will not be taking if it doesn't meet the test of time. After taking the time to reread Carney's books, he mentioned with emphasis the use of time in regards to harmonic completions. From Carney himself: "Although time considerations are not as significant as the factors of price, an understanding of when a setup should complete can optimize...
Looking for bullish PA at the zone marked. I see this going to 1.60 before any real selling pressure comes in. The daily trend line is crazy, lets see if we get anything good here, if not there are good levels below which may also bring that trendline into play.
EG is coming to a weekly level of demand which also holds 61.8% Fib from 08/09. It will also be a big double bottom possibly so I will look for bullish divergence nearer the time. This could also be seen as a big bull flag. Even as it is the RR is good with a 1:3 minimum if you take it to the first fresh supply level but potentially this could go much further,...
1.42 is sellers exit for the H&S pattern, confluence of the proximal line of demand zone. I will be looking to buy in around that level.
These are the levels i'll watch for PA. I have had an order waiting at 172.5 but yesterday bounced 173 more or less to the pip so lets see what happens. Might look at the zone below as risk trades are giving JPY strength.
Here are the levels I am watching on the DXY for clues.
Here are some possibilities to trade off in the EURUSD pair: 1) Blue Gartley completion at 1.36250 2) Orange Bat completion at 1.35578 3) Supply level at 1.36300 (big round number as well) I'm not convinced right now with these patterns as they lack strong structure at the completion point D. I mean, there is a bit of structure, but I would prefer to see how...
Currently waiting for price to reach the demand levels marked below to go long. Target and stop are marked in the chart. I'm only interested on the one at 0.9375 because a demand level below another demand level has more chance to success and more profit margin. Let's see how this goes.
There is a Bat pattern forming right now in the USDJPY pair. If it completes at around 102.276, targets could be at: TP1: 102.068 TP2: 101.939 (be aware of the demand level above) There are also two demand levels below current price, although I'm only interested in the lower one, as price left that level with strength, so there might be a lot of buying orders...