hey guys hope you doing good. we have a nice supply area on the MN chart which we are waiting for. let's wait for it.
Thus far, entry order has hit & now we are shooting for a high risk/reward of nearly 1:4 risking nothing above 2.5% of our capitol.. Let's see what today brings.. #ClickFollow
monthly level . short with breakout trend line and h4 level and pullback .
The market seem to be forming a triangle penant on the H4. And a penant signifies a trend continuation. It's left to the market to do as she pleases. On the daily On the weekly
No one is perfect, but then again! What the hell is perfect? No one can show me "perfection" in the cosmos. Instead of perfect, perhaps "processes" is more along the lines of an appropriate word. Some might say a process is perfect but I prefer to think natural. Perfect isn't part of nature. This is my process! And, yes! I am influenced by certain methods, but...
As the US Dollar is looking to have a bullish run we may see this pair show a gain in strength as well. More bullish confirmation is given by the inverse head and shoulders pattern here on the 8-hour time frame. Also, price is rejecting the 61.80% Fibonacci retracement level repeatedly.
This pair is currently within a bear flag pattern. After completing wave E, we may now see price is forming a smaller inner bear flag pattern which is also looking to retest the 61.80% Fibonacci retracement level. Expecting price shows bearish momentum after a breakout from the smaller bear flag continuation pattern.
On this pair, the price has broken out of the ascending channel pattern. Now, expecting it to have a second retest on the new resistance level before completely showing bearish momentum.
EURCHF seems to be leaving the bottom as today broke up the bearish pressure line. We don't know yet, since just one candle, if a reversal (DB) will happen at that break or a continuation. Regardless, this is the first tasks of 3 for the bulls stay strong in control.
Hello friends , Eurgby is correcting to a flat formation , watch price action at 0.8860 for short position . trade with proper risk management . Good luck to you. you can watch the previous related ideas below If you liked this idea, please like and subscribe to my profile.....
Could today’s FOMC push EURUSD out of its comfort zone? I think there’s a good chance. Even if today’s events don’t force a break, the EURUSD is going to be forced to make a decision soon. In Sunday's video, I pointed out this sideways price action below descending channel resistance. At the moment, that resistance area comes in just above 1.1080. That’s the...