Waiting for this rising wedge brakedown, retest of the structure and weekly level. Stops have been taken out which is visible on Daily (blue line). MACD divergence present over 3 peaks.( 3 drive pattern ) At least short term BIAS is bearish. Watching price action to see how it develops, waiting for the brakedown. If I dont see what I want to see then NO trade.
WEEKLY: - possible retest of the trendline before further downside - pair bounce on trendline twice (yellow sphere), thereafter, pair broke out (pink sphere). - there could be a possible short opportunity if pair rejects the ascending trendline - pair could spike to the 100% fib before continuing its downward mvnt INVALID IF: - weekly closure above the...
WEEKLY: - rejected the descending trendline (3rd rejection) possible mvnt to the downside. - anticipating 1-2 more rejections of the 61.8% fib level + trendline before shorting. - possible spike to the 71%/ 78% fib level before pushing further down DAILY: TRADE = INVALID IF: - daily closure above 61.8% + trendline
Idea - Gold 4h Short term bias down, following blue line trend wedge short. Please share, comment or add your opinion. Thank you, Nath Join our Gold FX Collective Discord group - Here's your Invite discord.gg Also live streaming on twitch, give a follow over at www.twitch.tv
gbpaud rejected weekly zone (purple) and created new daily zone (green) and 4hr/1hr zone (yellow).
This is a much longer term outlook on GBPNZD. As you can see on a DAILY time frame, price has been respecting the channel but in the past few weeks has been trying to breakout to the downside. Looking at things from a technical perspective, I see the downside pressure winning this tug of war and taking price to the 1.7500 region. Although, when you factor in...
SMP TRADING SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Chart time frame - H4 Timeframe - 1-2 days Actions on - A – Activating Event Market will meet resistance in zone @144.66 - .... and fall to the @141.200. In order to enter, the pair MUST be in line with my Entry Procedure.... B – Beliefs Market move towards the first Target 1 level @ 141.400 ...
18th Feb - (p=227,355/l=282,215) This pair is running a circus with tension on reversing. We have formed trendlines channels and I expect yet another to be formed inorder for a new uptrend to officially emerg. Previous trend continuation price action has been a failure however if we break low we are going to have a good downtrend.
After a break above structure on Lower (1H) TF resulting in a bullish engulfing on the Daily TF, im expecting exhaustion to the psychological 1.13800 area where i will be waiting for bullish confirmation on a lower TF to enter long
This pair is moving in the series of Higher highs and High Lows Consequently and we can see on our chart that it has bounced off trendline 5th time which indicates that it is in Highly Strong Bullish Trend! Currently, it’s Hard to predict whether it’s Going Bear or Bull, We will wait for price Confirmation. It could Also Go and break Trendline since USOIL has...
Last night, a journalist from C.C.N., while Bitcoin was still in freefall, urged and ADVISED people to buy in. Explaining that at around 4600 (and change, who can keep track - unless it's your JOB) Bitcoin had found it's bottom. The piece was marked as an Op-Ed , a disclaimer indicating that he is not a financial advisor - this was not to be construed as advice ,...
Personally, if it wasn't for the problems with Italy causing investors to stay clear of the euro at the time being - I would be investing in the common currency. The Asian currency is offering very little to investors and I think we will be seeing a sell of the Yen up until the year finish. Price is currently at a key pivotal zone which we have highlighted to...
Expecting more downside, will post another tradeidea of when I get short.
Update from my SHORT AUDUSD call I wrote posted here , currently up +340 pips across the two lots as price is nearing the target area of the 3 Drives Pattern I drew in here . On March 14th I absolutely nailed the coming decline . Do yourself a favor and check out that post. Confluence : Relevant confluence around target area include the 78.6% retracement,...
please leave me some feed back on what i can work on or anything i'm doing wrong. thank you
My bias for aud/usd is bullish. I was shorting this pair 2 times this week with small positive outcome. But bears have difficulties to push down, and we are entering bull area which means that there is better chance to go long than short. Enter at lows and take profit at last highs as showed in the chart.
USD / JPY trades in range on Daily chart. Looking on monthy chart we can see possible rally in the future. I see this as bullish opportunity. Wait for price to come down to lows at 108.300. Set your target at previous tops. :)