Trend continuation following period of retracement, large engulfing candle does not provide sufficient risk to reward ratio 1:3 hence open if price retraces to 50% of the engulfing candle. Take profit is 162% Fibonacci extension.
LOOK AT PRICE ACTION AND EJECUTE POSIBLE REVERSAL ZONE.
US30 is now in a short term 4hour bull bias. The initial push is slowly dying out, the retracement or exhaustion from this push higher will be a great selling opportunity if it happens. Multiple confluences for reversal including 78.6 longer term Fibonacci, supply and demand zone, market structure making a new HH and expecting to make a LH, push exhausting...
GBPUSD keeping it clean and simple. Price reached a demand zone which matches the Fibonacci critical level. This pair has been pretty bullish across the last few weeks, hence the buy bias. Trader's Arena FX
We saw a huge push up in stocks and indices on Friday after Trump gave a speech. This would have caught people who were selling at lows out, however this was the corrective move that was in indices in order to collect more orders for the final push down on US30. I see price moving into the 24500(61.8% fib, structural resistance as well as the weekly TL retest)...
Price Just Tested Our Our Daily Ascending Channel Structure Creating A Pattern Within A Pattern On The 1 Hour Time Frame, We Will Wait For A Pullback Or A Correction After The Break For A Much Safer Reduced Risk Entry
Price Just Broke Our Ascending Channel On Higher Time Frames Wait For A Pullback Or The The Break Of The Correction Within The Trend line For A Much Safer Reduced Risk Entry
I expect SGX in the short term to pull back towards 8.70 as long as it is holding below 9.38. After which, we should see a bounce reaction from 8.70 towards the alternative case target at 9.75. Essentially, this is 2 trading ideas in 1. Part 1: SGX to push down towards 8.70 Part 2: SGX to bounce and move higher to 9.75 thereafter. Reason being that price is...
As per chart desc. We need to see $BLX Monthly close above 8.9 for good chance returning to uptrend for next weeks or months. From this point on adding every Monday and every 20%-50% of monthly candle pullback seems like good compound/dca strategy. The trend is your friend.
Sell limit in 1534.13. Patience and resilience are the words of the week. Put a stop loss that you feel confident. This is my point of view, i respect others.
-Price breaks out of Daily TL.
Price action analysis identified potential EUZ uptrend continuation and long opportunity. Pin bar candle trigger, confluence with; horizontal support rejection, 50% fib rejection and 21 WMA rejection.
Price action analysis identified potential EURGBP uptrend continuation and long opportunity. Bearish engulfing candle trigger, confluence with; horizontal resistance, 62% fib and 89 WMA.