I posted a gj long idea 2 days ago and I'm still bullish on it. I feel like a lot of people will be trying to sell at that resistance and it might be a terrible idea. Reasons: 1. When resistance is tapped a lot of time and there is no reaction it's bound to be broken 2. A head and shoulder pattern has been formed and a break is imminent 3 there is an imbalance...
Perfect long setup after deep retarcement.. let's goooo
Price just entered the 1 hour demand zone and I'm pulling the buy trigger
Price is currently at the 30 min demand zone and nothing is indicating sells yet. I speculate a rise in price from here.
Downtrend, Break of structure, then we see a recjection and expecting to see a drop during London session
Price broke the previous high and retraced back to the support level in green. From here I'm going long to the next resistance/supply zone in red
Price tapped the 1 hour supply zone and gave us a break of of previous structure. Made a pullback giving us an opportunity to re enter sells to the next demand zone marked in green
1hr demand zone tapped. Expecting to go long after that
Price has tapped into the 1hr demand zone and expect a bullish run continuation from this zone
My entry is based on the fib retracement at the 0.618 zone. With my SL Above the previous high and TP at the previous low on the side of the chart
Bullish trend continuation. This pair has been very bullish and the trend is more likely to continue
A resistance level has been broken and turned support. There was also a rejection at the 0.236 fib level and the pair is highly likely to head higher and target the next resistance level.
AUDJPY's bullish momentum has been on steroids. The pair was in an uptrend, found support at the 61.8 fib level "the golden zone" and headed higher to the previous resistance. Shorting this pair might not be the right call. First, it touched the 61.8 fib and reversed immediately. This indicates the downtrend was just a retracement to go higher. Second, the...
the pair was in a consolidation for a very long period and finally, price has broken out of the bullish trendline and it has turned into resistance. this supports that the pair will go down. Also almost 90% of retail traders are net long on this pair and it is highly likely that the MM will go short in order to make large profits.
Price has tapped into the 4 hour order block and a bearish reaction is expected from here.