Happy Tuesday Traders! Self explanatory setup. Price is within supply zone which has showed previous rejection. We enter a position from 78.6 fib level and our target is swing low 1.0890. Have a good day traders.
Price action has aligned nicely for short intraday setup on the pair. On the 4HR timeframe we can see that price has failed to sustain a close above 65.586. This will be our 2nd rejection at this price level along with failed break of EMA 50 on the 1hr and 2 hr time frame. Our TP will be 64.60. Happy Friday traders.
I sold this pair yesterday at 1.5700 and manually closed 1.5540. This pair has struggled to sustain a clean break above the level of my sell pending order (1.5700). We saw a nice sell off at the last day of March. This pair has room to still decline further, I am eying 1.5400. Lets so what happens. It will probably fool me since it is Aprils fools day lol. Have...
Very straightforward setup. We are currently in a bullish range on the weekly timeframe. There are few confluences pointing price in continued bullish bias. Price has dipped in to our Demand zone 119.38 - 118.78, so around 60 pips. Price action has tried to break this zone on two separate occasions but failed to do so. 3rd time lucky? I do not think so but never...
We are looking for a short opportunity at 1.9526. That is the preferred sell limit level. But we understand that we can look for opportunities anywhere within the 1.9500 region due to this is where the supply zone starts. Price made a small pullback of the 1.9470 region before refuelling to make the push higher. This bull run is potentially short term because we...
Buy order triggered at the 0.5 fib level 1.3064. Several reasons as to why this trade was taken: Market Structure has shifted to bullish momentum on the lower time-frames such 1hr, 4hr. Price is potentially completing its 2nd HL on the 4hr starting from the 14th Jan 2020. Price dipped in to demand zone 1.3037 - 1.3057 on the 1hr time-frame. We are now...
Buy order triggered on 1.2989. which is basically in confluence with the fib level 0.782. Price failed to break below demand zone 1.2994 - 1.2952 where price has rejected previously and pushed price to the upside. Price action managed to sweep the last swing high at 1.3097 before declining. This is an indication that market structure for bearish momentum has...
Price action is currently hovering in a supply zone presented on the 1hr time-frame, where price is failing to break above. We took the position based on the fib alignment within this supply area which is currently holding and our stops are slightly above. On the bigger time- frame (Daily) prior to the strong bearish candle, buyers have tried to push price above...
Fairly straightforward setup. Just follow price action good R:R.
This is a fairly straightforward buy setup: Strong bullish candle close on the previous 4hr MA Crossover on the 4hr Higher Low on the 4hr looks complete. Next target will be the D extension of the fib -0.272