Honestly have so many reasons to short this pair regardless of the pandemic. TRUST THE PATTERN
Nice market maker cycle up, gonna be a hella nice market maker cycle down...
The dollar just made a double top and is now trading away from the peak, Im expecting it to bounce at that order block or just continue going down
I love going in and out of the market! After analysing this pair i believe this pair is a short and you will receive quick pips!
1.A WEDGE FORMED 2.IT BROKE BELOW TO INDUCE PEOPLE TO SELL 3.IT BROKE A RESISTANCE AREA AND IT IS RETESTING IT TO GET MORE PEOPLE TO SELL 4.IT IS CREATING A 'W' STRUCTURE BELOW THE WEDGE IN ORDER TO REVERSE AGAINST ALL THOSE THAT SOLD THE PAIR AND HIT THEIR SL AND BLOW ACCOUNTS 5.THE SECOND 'V' OF THE 'W' STRUCTURE WILL GO JUST BELOW YESTERDAYS LOW-WHICH IS THE...
THE IS A WEDGE PATTERN WHICH HAS BROKE ABOVE AS AN INDUCTION TO THE WRONG DIRECTION. AN M IS CREATED AND AN A REVERSAL IS EXPECTED TO HAPPEN AGAINST ALL THOSE THE FELL FOR THE TRAP AND BOUGHT AT THE BREAK ABOVE. THE IS ALSO A BREAK ABOVE THE RECTANGLE AND A RETEST TO INDUCE PEOPLE TO BUY AND THE MARKET WILL REVERSE AGAINST ALL THOSE BUYERS AS IT WILL FALL AND HIT...
H1 and H4 showing a bullish channel with a possible channel break and retest. Retest may or may not present itself as a head and shoulder pattern or sideways movement followed by subtle stop hunt high and drop. D1 order blocks insinuate that we have trapped volume in the buy and so the bullish trend on lower time frames may be seeing an imminent end!
Hey guys! Yes! We are still looking for short opportunities on EU until we have an officially locked peak to anchor plays long. Daily: Short 4h: No harmonics H1: EMA cross short Manage all trades according to your trading plan. ***This information provided is not to be taken as a trade signal. Trends and analysis can change at any time.
EURJPY has just undergone the fourth typical correction on an Elliot wave structure. It has tugged the weekly channel and is consistent Monthly channel confluence. Sell order will be appropriate. I expect a buy correction momentarily within the D1 order block.
Gold has just faced strong rejection on the weekly. Divergence on the D1 already exists. The locking of the peak might give rise to a subtle H and S pattern which is consistent with The bat pattern failing. This would give a sell to C. Scenario two which is still valid n the long run is the completion of that bat pattern on the W1 chart as shown. This would give...
Thought Process: 1. There has been 3 levels of rise. 2. Stop hunt of the 3rd level is currently happening to induce traders to go long. 3. Market will be moved down to level 1 stop hunt low to release the traders that were made to go short at the start of the 3 day cycle.
Just wait for the entry confirmation of 5EMA Crossing with 13EMA the put SHORT POSITION.