okay... - first things first we brokeout of a range on the daily that has been going on for about a week - on the H4 the breakout candlestick closed below the support of the range and the next candlestick retested that level of structure - pretty straight forward break and retest setup, take profit is at 12420 which is the next level we might go touch and stop...
hope all you traders are doing great! here are my observations of the s&p... - so for two days (thursday and wednesday) the market was at a level of support, and price tried to breakout of this support level (on lower time frames) but broke back in to show that it has been respected - the rejection of yesterdays daily candle are seen as an inverse head and...
lets get straight into it... 1. on the daily we are bearish as seen by the lower highs and lower lows 2. the large bodies of bearish candlesticks show a huge amount of momentum 3. market brokeout of the upward trendline 4. currently market is retesting both the broken support level and trendline and shows huge rejection as seen by the long wick 5. expecting...
good morning you lot hope you guys have a profitable trading week! my expectations on nasdaq for this week are to go long on it and my reasons are as follows 1. we formed a double bottom and broke it's neckline on the daily timeframe 2. there was a breakout of a downward trendline also on the daily timeframe 3. market has formed a new higher high and broke through...
so... 1. price just broke and closed above my inner downward trendline on the H1 2. now all we have to do is wait for a retest of the trendline and for that candlestick to close above the trendline 3. thats just about it my tp will be at the higher downward trendline GREAT SUCCESS!!!!
let us keep the train moving!! this weeks NFP is going to change my life your life and every traders life!!! 😡 i do not care how many accounts you blew or if your equity is below $5 all it takes is mustard seed faith. and remember WHAT YOU HOPE FOR SHAPES WHAT YOU LIVE FOR!
Similar analysis to my GBPJPY analysis I just published, but market formed head and shoulders pattern by trendline and shot up then consolidated towards the end of last week. I'll be looking for a continuation of th3 upward move.
Market formed a double bottom at a key level of support and impulsed up, showed a bit of correction end of last week. Should be looking for a continuation to the upside.
Market broke trendline last week should be expecting it to continue tanking down.
Grand Rising, early morning mark ups. Good luck to everyone today. Lets get it!!
Just an idea that gold may reverse due to it hitting a previous strong support level and if my analysis is correct it should come back down and retest and then fly 🚀
GBPCHF at strong support with bullish pinbars on the 4h timeframe indicating a reversal. We have now broke out of a descending channel and retesting the the trend line where we can look for a long position up to the resistance area.
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