Hey traders! In this chart, I have a level marked out where price is very responsive to in terms of resisting or the level acting as a support. As we see, price has approached this level again, and so I was looking for opportunities for either a sell or a buy; considering where price went. On the 15-minute time frame, I can see a bear flag has been formed and a...
Another strong day for the dollar index as the bulls push higher. We now wait patiently for the 200EMA to be tested.
Is this fundamental data being priced in early? We have seen a volatile bond market recently and key economists predicting a strong dollar before the end of the year.
We covered this in our last publish looking at the DXY and how we could be...
‘BEARISH QUASIMODO PATTERN’ in time frame D1 and RSI has shown that a bearish divergence.
You can open order sell about 0.73055 and set to stop loss according to the consideration.
Watching for a potential High Base setup on GBPUSD
I trade with trends, longer term & breakouts so not looking for short positions currently on this pair. Looking for a long entry on breakout of consolidation. If price breaks to the downside will eye up potential long entry nearer the 200 EMA.
Hey everyone! Upon analysis today I came across the USDCAD pair. Now looking at monthly and weekly timeframes I identified a valid support which price has respected as you can see. So, price should begin to move up eventually. However, I will wait for price to go down a little more and then reverse or show immediate bullish strength. We shall see though. Comment...
Hi,
Based on the 1H chart, we see a strong support is being tested at 1.2 for the pair as it tried to form a double top before. It could provide a resume for EURUSD uptrend if it bounces.
ECB has announced there is no policy change earlier today which contributed to the drop of the EUR. However, the drop was not supported by a good job report of US right...
Afternoon traders.
A solid week for the pair in question, CADJPY working the 30M time frame.
The last four trades out of five have hit the desired profit target.
This just shows the adaptability of the script in use and also shows that even trading a 1:1 risk reward ratio is possible.
How do I know its possible to trade this way? By the built in strategy...
Afternoon traders.
UK dinner time New York getting well under way also and our strategy has presented a trade.
Working one of my preferred pairs here EURCAD on the 30M time frame.
The strategy is working to a 1:2.8 risk reward ratio and as always back test data is at the foot of the idea.
The data shown is based on £10000 starting capital and risking 1% per...
- Currently, price is testing left shoulder support if valid
- Previous swing high to validate the level
- Higher probability of upside potential
- Wait for break and retest
PLEASE SEE MY OTHER IDEAS AND RELATED BELOW
Hello, as we see price has been on a downtrend and has reached our support. As we see, it has bounced off and seems to bullish momentum. Furthermore, when scoped out we see a 'w' shape pattern emerging, which could mean price has to rise to complete this. Thoughts?
Hello, as we can see price has been bullish and has inevitably reached a resistance zone, which has previously proved to cause reversals. This could be one indicator for prices to drop. Secondly, I see a shooting star that has formed on the 4HR timeframe, suggesting lots of sellers are present in the market. Any thoughts or constructive criticism please leave below!
Hello, as we see, the price has come down with great momentum in proximity to the support level. As seen before in the chart, the price seems to dip slightly under and then shoot up again. This could occur again soon. Any thoughts, please leave them down below!
- Current price action is at support near the 200EMA
- 100% pullback on the previous leg/push
- Recent divergence on the MACD waterline
- Higher probability of upside movement to the upside
- Price is still above the 200EMA
PLEASE SEE MY RELATED IDEA FOR PREVIOUS ANALYSIS
