- Price consistently respecting dynamic support
- Clear rejection of 61.8 Fibonacci level
- Clear bullish market structure with higher highs and higher lows
- 1:4RR on this trade with 2% risk as always, let's see how price action develops
Possible long oppotunity on AUDJPY.
- In line with the current uptrend
- Positive confluence among indicators
- Price action confirmation; 4 touches on trendline (4th touch can be seen prior to Feb 25th 2021)
- rejection at the 61.8% Fibonacci level
This sets us up for a high probability trade, I line with the strategy.
Lets see what happens!
EURJPY - has broken out of market structure with push toward a key level of resistance. (129.45) I'm waiting for the price to retrace towards the golden zone .5 or .618 (128.919 - 128.793.) I need price to respect this level before a buy.
4hr shows promise with price respecting 128.837 acting as a key level of support and price is holding above 200MA.
Ill be...
Long on CADCHF at 0.7430.
Price is nicely respecting the lower bound of the pitchfork.
CADCHF has had strong bullish momentum over previous weeks.
I think price will break through the median line (red) and potentially hit the target of 0.7550.
A welcomed stabilization in the bond market sees some momentum for the bulls.
Previous structure highs remain a target for the bulls but will they have an opportunity to buy the dip?
Yesterday we saw Fed Chairman Jerome Powell speak rather dovish on the economic outlook and the position of the fed. Off the back of these comments, we saw the DXY climb above previous structure highs with momentum growing to the upside and breaking the 2021 highs.
Currently, DXY has broken the high but will need to close and remain above to confirm the dollar...
Expecting this pair to create a double top, then give me an entry Reason to sell. (Engulfing candle, indecision, shooting star, morning star, harami).
This trade is highly probable considering the last low created, and the new high in progress.
Good morning ladies & gents .
We are officially in another bullish cycle for Gold, so the favourable direction to trade it in is LONG.
Price created an extremely bullish structure offering us a risk to reward long opportunity.
This bullish structure is created through a break of bearish market structure on the D1, H4, H1 timeframes.
I'll be scaling out of the...
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Monthly Structure for GBPCHF appears to be OHLC (open high low close) which means we are going in for long term monthly sells once price finds a strong resistance and daily candle closes with TDi Priceline crossing below bloodline in the Daily timeframe .
In H4 lookout for OHLC and TDI bearish cross to...
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Monthly Structure for GBPCHF appears to be OHLC (open high low close) which means we are going in for long term monthly sells once price finds a strong resistance and daily candle closes with TDi Priceline crossing below bloodline in the Daily timeframe .
In H4 lookout for OHLC and TDI bearish cross to...
Please support this idea with LIKE if you find it useful..
Monthly Structure for XAUAUD appears to be OLHC (open low high close) which means we are going in for long term monthly buys once price find's a strong support and daily candle closes with TDi Priceline crossing above bloodline in the Daily time-frame.
Trade with Caution. Wait for valid...
Please support this idea with LIKE if you find it useful..
Monthly Structure for XAUUSD appears to be OLHC (open low high close) which means we are going in for long term monthly buys once price find's a strong support and daily candle closes with TDi Priceline crossing above bloodline in the Daily time-frame.
Trade with Caution. Wait for valid...
Please support this idea with LIKE if you find it useful..
Monthly Structure for EURCAD appears to be OLHC (open low high close) which means we are going in for long term monthly buys once price find's a strong support and daily candle closes with TDi Priceline crossing above bloodline in the Daily time-frame.
Trade with Caution. Wait for valid...
Please support this idea with LIKE if you find it useful..
Monthly Structure for EURAUD appears to be OLHC (open low high close) which means we are going in for long term monthly buys once price find's a strong support and daily candle closes with TDi Priceline crossing above bloodline in the Daily time-frame.
Trade with Caution. Wait for valid...
Please support this idea with LIKE if you find it useful..
Monthly Structure for AUDNZD appears to be OLHC (open low high close) which means we are going in for long term monthly buys once price find's a strong support and daily candle closes with TDi Priceline crossing above bloodline in the Daily time-frame.
Trade with Caution. Wait for valid...
Please support this idea with LIKE if you find it useful..
Monthly Structure for GBPUSD appears to be OLHC (open low high close) which means we are going in for long term monthly buys once price find's a strong support and daily candle closes with TDi Priceline crossing above bloodline in the Daily time-frame.
Trade with Caution. Wait for valid...
Please support this idea with LIKE if you find it useful..
Monthly Structure for EURUSD appears to be OLHC (open low high close) which means we are going in for long term monthly buys once price find's a strong support and daily candle closes with TDi Priceline crossing above bloodline in the Daily time-frame.
Trade with Caution. Wait for valid...
