Here we are looking for a short if price corrects back to the market flipzone area. The first target is shown although price could swing much lower on this one. Very important to look for corrective price action or any of our 12 reversal patterns on the LTF
Reasons to buy from simple analysis : 1. Flip zone with key structures. 2. Model valuation around 25 based on a research report. Some news I grabbed from the internet : Niu, which had previously reported better-than-expected sales volumes for the third quarter, said that revenue in the period rose 36.7% to $135.8 million, well below analyst estimates at $149.3...
Technical Analysis : Weekly: It's the first flip zone since the correction. It's still in the bull market on the weekly time frame. Daily: I just refined the zone a bit. Though, still too wide to place trade. Hourly: Patiently waiting for the formation of the candles. I would expect bull candle patterns show up! e.g. bullish engulfing patterns... Always...
The demand zone in which the price is ranging right now has already been tested 3 times as a Support. Logically, we can't blindly trust this Demand Zone and just place Buy Limits. The more a price level has been touched or tested, the more likely it is to be broken. Therefore, we will wait for clear rejections in lower timeframes to confirm the Bullish Volume....
Looking for a long on US30 (Dow Jones) with the potential forming of a Zigzag Ideally a move back to the Flipzone before looking for shorts.
Looking to get short on gold after it completed a possible 3-Drive Pattern. Entry on the mini flipzone level + spread. Risking 1.3% on trade for a potential return of 19%
NZDCAD has has just broken through a major resistance area. I'm expecting a pullback into this area after which i will be looking for buying opportunities. If we do pullback into this area, i will waiting for any signs of rejection by looking for bullish candlestick patterns. I usually look for these candlestick patterns ion the H1 chart. Any signs of rejection...
EURNZD we have just broken through a key level marked out by the green zone. I'm expecting price to retrace back into this level and retest it as resistance. I will be keeping an eye on this paid for the next few days to see if we get the pullback into the flipzone where i will be looking for selling opportunities to continue the move down. What I will be looking...
After the inverted Head & Shoulders pattern has been completed, I am expecting a pullback into the neckline which is also a daily flipzone. Remember that no trade is guaranteed no matter how good the setup look, therefore you should always have good risk management. Once we reach the buy zone i will be looking for any bullish candlestick patterns.
GBPCAD Has been in a downtrend on the daily for a while now. If we look at the H4 we can see that price has pulled back into a flipzone (Support turned into resistance). I will watch price action at this level and look for possible entry opportunities on the smaller timeframes such as the H1 to short the market and continue the downtrend. If I see no candlestick...
As aggressive trader go long buy stop above 1.5305 or conservative entry: wait for the pullback for entry .
We have a potential FlipZone setup in the making. A concept exclusive to FX Price Action Setups. We need a consolidation below the liquidity (red) and then a strong impulsive move back through the level (important this move must start BELOW the level for it to be valid. A retrace to the level is the entry point. Target will be 1.63 liquidity.
dependant on candle formation at 6, in hope that we get 2 50 % candles, we could have a break out of wk highs, previous sz's and flip zones. Should be a nice easy 2:1 trade. lets see what happens at 6pm candle close
It seems after all of the fake news from the last couple days, most positions of the weaker/amateur traders have been sold off and the market has corrected, which should stabilize after reaching the flip zone, where the highest probability is to reverse from here. There are various analysis out there which suggest further lows might develop, however I do not...
After my CORRECT previous analysis here: It seems that the big push upwards, through the main trendline and completion of Wave 5 Impulse on the Minor period, seems to have been completed and price action may start a consolidation move sideways. TDI shows overbought position with the RSI just inside the outer band so I'm not expecting a sharkfin which would...
we have rsi divergence...we hit a daily well respected trendline...we hit a nice small flip zone .. lets look for a strong break of that smaller trendline to get in a long position break below that flip zone / and trendline will invalid the long idea