on DAILY: EURGBP is currently sitting inside a support zone, so let's see if it will reject it or break it downward. on H4: EURGBP formed an objective head and shoulders pattern, so we are waiting for a momentum candle close below its neckline to sell. meanwhile, this pair is sitting around support and trading below our red trendline (not valid yet), so we are...
as expected, price rejected our upper green trendline and traded lower. and since price didn't break above our orange resistance, we are still overall bearish. price is retesting our green trendline again so we will be looking for objective sell setups on lower timeframes. Unless price breaks our orange trendline objectively, then we will be looking for...
USDCAD H4 - TWO POSSIBLE SCENARIOS this pair is trading inside this green channel, so we are overall bearish here. price is now sitting around the upper green trendline and orange resistance, so we may expect a downward movement from here unless price breaks above the orange level 1.4200 upward aggressively, then an upward movement till around 1.4650 would be...
EURUSD could have found support at 1.10 round level! This assumes that we are still correcting towards intermediate wave (4), and are currently completing minor wave B of the A,B,C correction. Wave B is a minute a,b,c with subminute wave (v) being a triangle. Wave C of this correction could take prices to fresh highs above 1.1181. In case prices slide lower...
EURGBP could move a tad lower to complete intermediate wave 2 near 0.8480 before continuing higher. The said level is the 100% FE of the first minute degree zig-zag and could be duplicated as minor X was somewhat dominant. Look for a valid reversal above last zig-zag's minute b wave but expect minute c to complete first. Minute c should be truncated to support...
This is a trade setup based on timeframe agreement and price action. Looking at the relationship across the timeframes, these are some of the things to take notice of: ====DAILY CHART==== The daily chart shows good evidence of bearishness: there are lower lows and lower high; and the price is overbought, interacting with the upper linear regression...
This is a trade setup based on timeframe agreement and price action. Looking at the relationship across the timeframes, these are some of the things to take notice of: ====DAILY CHART==== The daily chart shows good evidence of bearishness: there are lower lows and lower high; and the price was recently overbought, interacting with the upper linear regression...
This is a trade setup based on timeframe agreement and price action. Looking at the relationship across the timeframes, these are some of the things to take notice of: ====DAILY CHART==== The daily chart shows good evidence of bearishness: there are lower lows and lower high; and the price is overbought, interacting with the upper linear regression...
A tasty trade setup based solely on timeframe agreement and price action. Daily showing signs of bearishness and reasonable signs of reversal. H4 and lower timeframe give good timeframe agreement to short. Stoploss above Friday's candle give a decent sized position to allow for a 1:1 reward to risk or beyond. Sorry about the mic pops in the video!
Trade setup to short based solely on timeframe agreement and price action. DAILY good signs of bearishness and signs that price could be oversold (based on linear regression channel) H4 broken support which was holding up the price HOURLY Started to show lower lows and lower highs. Entry based on seeing reversals off of either the upper linear regression...
looking for a bearish continuation on the S&P 500
The final pair that I discussed in today's video came on the NZDUSD. This setup is still very early in the process, but if we get a higher close on the day, then it looks like we have a good opportunity to continue about 100pips higher offering a pretty decent trading opportunity for you trend traders out there. Akil