Welcome to MONEYTREETRADING please utilise my TradingView profile to follow consistent top down analysis through Monthly Weekly Daily Four Hourly and One Hour candlestick price charts. Here the only focus, ever, is GBPUSD STRICTLY! Please follow moneytreetrading Instagram @moneytreetrading, please follow the analysis on YouTube and watch out for the new website...
Major resistance are broken, In the Hourly chart you
can see the inverted hammer formed,looks like the another trend reversal is on the way.
Support level 1735 zones
Major resistance level 1755 zones
what you guys are thinking right now?
I am bullish on gold.
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As you can see my short position are running from upper level, my first target was 1703.5. Finally i reached those target now waiting for more downside level.
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100% PRICE ACTION
As we can see, usdjpy has broken a very strong structure that it has struggled to break for weeks, bulls tried to step in to break above but were over powered.
Price then tested the area once and bounced off, confirming that bears are in controll. we are now waiting for a second retest at this structure before entering.
Price action is king,...
I'm expecting price to return to the long term descending channel as there is a lot of liquidity there for the taking.
I expect this to happen via the channel breaking (wiping out stop losses) then price to continue downward. I have a trade idea already generated before price even reaches that destination, so when it does I am fully prepared for any...
We have bullish divergence on the OBV, as well as this you can see from the market structure, price has hit off the golden zone and is now its way to rally and complete an 'M' shape which is a very important pattern when trading Forex. Once price hits the resistance to complete the 'M', only then will it be time to go short on this currency pair.
Price has respected the downward resistance level since early December and has also the horizontal support which has had 1 break out but broke back in within 1 candle. I predict price will break support and fall where the 2 resistance lines cross.
BULLISH LONG TERM
- PRICE TRADED INTO A WEEKLY BULLISH ORDER BLOCK
- LOOKING FOR PRICE TO TAKE OUT BUY SIDE LIQUIDITY
IF WEEKLY OB IS'NT RESPECTED 1.1000 IS THE NEXT LEVEL OF HINDRANCE/ SUPPORT
- THIS PAGE IS'NT FOR OTHER TO COPY BUT FOR PERSONAL GROWTH. OVER THE PAST YEAR YOU CAN SEE
I'VE ADOPTED A NEW STYLE OF TRADING MOVING FOR RETAIL TO INSTITUTIONAL...
Confirmed - Falling channel on 4h
Confirmed - H+S with LL on RH shoulder.
Not confirmed - If price retraces to entry position and drops it will cross 50sma confirming move.
Tight SL gives 3:1 RRR