Structure: Support and resistance / Lower lows
Plan: We look for a continuation of the bearish trend. Price has bounce off previous higher lows (resistance) and has made a lower low, this along with MACD confirmation suggest a continuation of bearish trend
We have now reached a support zone, formerly resistance as noted in the picture above. we still anticipate a break of this support level to create the next lower low which can be seen on the daily chart.
Now, the US will be reporting Home Sales and Job claims. Initial Jobless Claims measures the number of individuals who filed for unemployment insurance for the...
Good morning ladies & gents,
Following on from my USDCHF idea last week that has destroyed TP 1, I'm now anticipating continuations long for another day. I'd anticipate a repricing on Tuesday/Wednesday downwards, but for now, DXY should be strong.
In light of this, I've taken an entry here off the M30 +OB anticipating price to hit the high of the day then take...
We have alot of 4hr imbalance above so this trade needs to be a very clean set up, with enough risk reward to be worth taking.
Will not be pushing the target very far as there is a high probability that we fill the 4hr Imb above before we head lower.
Ideally want to see some IMB on the lower time frames leading into the area of interest, after a nice and compact...
Potential short term trade long on gu off the 1hr IMB fill zone.
Will need imbalance on the lower time frame that needs to be filled, at the time of entry.
Will only target the asian session highs due to the HTF structure.
Will be watching for an Asian session sweep short.
We still have 1hr Imbalance below that needs to be filled.
Have several points of interest that we could possible reject from.
Will be watching for a confirmation entry on the lower time frames once we hit the first point of interest.
If we retrace to the back end of the 1hr orderblock then i will be going more...
I would assume the majority of retail is fighting this trend in hopes that they will catch a big reversal and for that reason, I will continue to buy the dips with the market makers.
I would like to see a significant pullback as illustrated before I look to stack up the buy positions.
Only Trying To Get A Super Setups with Low Risk large Rewards if It Doesn't reach The Horizontal Line to try clear the Old buys Will Not Jump in the opportunity. Going for a Trend Continuation which my bias is saying Longs. Always Check For Multiple Confluences Before taking Trades. Typical Risk per trade 0.5-1% Trying to aim for 1:2RR going to leave 80% To run...
Nice, clean and simple. We have the break of a very bearish 4 hour structure.
on the move to the downside, price failed to reach any relevant fib ext targets.
Im looking to the purple zone for scale ins to carry this pair to its final targets 1.74 & 1.72
nice and simple setup. i will find my targets for this short trade when we either see a retrace to the channel bottom, or when we see this potential flag break to the downside. MACD looking good for this trade also.
Will be watching this close after market open to see if we can get a nice Rejection Flag entry short.
Looking for very similar price action to what we had a week ago.
will be aiming for just under 4% profit if the entry ends up happening.
I have had to re-publish this as it was removed by T-View. My outlook is stil very much the same.
The difference is now we have converted 1.73 and we saw a continuation form yesterday targets will be slightly lower than is marked above, but ill see how it moves and adjust lower accordingly.
After such a clean impulse long we are looking to see how the counter trend move after forms.
Because of the wick at the end of the impulse we are expecting a deep pull back.
Once we form a middle section and the pull back starts to look like a flag then i am happy to place an order at the end of the range.
EURJPY - Long Continuation & 0.618% Rejection! After monotiring price action on this pair, we can see that price has rejected the 0.618 & 0.5 key levels of the Fibonacci Retracement. I have now entered a long position with a great R:R of 1:7 and if the analysis is correct, it will result in +171 pips. I will monitor the trade closely and consider taking partial...