GBPJPY has tried to rally higher several times on the daily chart... and failed. Instead, it started to make new lows and new lower highs each time it attempted to rally again. The large red channel is a weekly bearish structure. A smaller red channel is the latest daily bearish reversal level I would love to take. Hopefully, it won't start trending...
$SQ -Easy gap fill play -watching the 9-day ema break -two best ideas to support bullish movement for next week -we are also trading above the IC cloud so we have clear skies for next week
$FB -Back tracing $FB a couple weeks back we can see that FB is respecting the 9-day (blue line) -Last trading day we closed right above the blue line so the trend is still valid -Look for a big pump Monday now it's looking to continue this trend -Playing the trend
The price is at the lower end of the range, looking to play within again this week.. will be keeping an eye on the price.. Ideally to drop down abit to 1.4100 then take a buy at first decent sign of rejection on the LTF.
TSLA has a Daily up-trend-line that it's been following lately and with today's drop, we can see it bounce off the trend once again. There is a 3HR Demand-Level waiting for it at 678.41 . Watching Spy and the current Gap-fill it is trying to complete to the down-side could be a good indicator for when and if this move can happen. NASDAQ:TSLA
The Dollar index has extended declines across the board as US Treasury yields maintaining a mild bull-flattening bias from prior outlooks, but also on increasingly bearish technical momentum as several Buck/major pairings breach key and psychological levels and the DXY itself breaches 91.500 to probe support around 91.300 within a 91.748-125 band. However, the...
Why would we waste time writing when there is a chart that says so much more.
Consolidation has recently broken setting new lows. We now have price pulling back rejecting of the trendline annotated on the chart. We has a good wick rejection from this bullish candle coming back into the key level that may grant us a potential short entry. The levels indicated are not my actual entry. I will be waiting for one more bearish candle close before...
Good morning everyone! Hope you had a fantastic weekend and are ready for another productive week. (H1) - From my weekly outlook I was expecting price to break resistance around 1744.693. Price failed to break higher and resulted in a double top. We then broke support to give us more confluence into a bearish market. I will be waiting for an hourly close to...
Potential short opportunity on EUR/USD. A lot of confluences listed in the description on the chart. I have set my entry level (which may change) to make sure I can go breakeven before price reaches the next low. If we close with a nice engulfing candle I will be taking this trade, no economics that may interfere with the trade.
Things to be Kept in mind : ``````````````````````````````````````` >> Take this trade only if Nifty is red in its pre-opening session >> Take this trade only if Sunpharma opens equal to or lesser than previous day close. >> Maintain strict stoploss as per risk appetite. >>Trade under professional supervision.
Things to be kept in mind : `````````````````````````````````````` >> Take this trade only if Nifty is red in its pre-opening session. >> Take this trade only if Powergrid opening price is equal to or lesser than previous day close. >> Maintain strict stoploss as per risk appetite >> Trade under professional supervision.
EUR/USD following suit with GBP/USD. Price absolutely rocketing towards that take profit after a pretty sketchy entry. Again price exceeded my maximum stop loss so I had to enter with a limit order instead of an instant execution. Currently locked in at 1:1 risk free with 1:2+ running. (H1) - Break and retest similar to pound dollar, nice wick rejections. (M30)...
(H1) - Break and retest on the hourly timeframe price pushed nicely into the key level and rejected with a wick. (M30) - Nice double wick rejection at the key level, missed the initial entry so I entered a buy limit to catch a wick entry and luckily I was triggered in. I like to limit orders to get ahead of indecision candles to catch potential bursts in...
Hi guys, I prefer to wait a bit before opeing any trades on Mondays. In this video i share some thoughts and trades I am looking at, on this beginning of a new week. Take a look, let me know if you like it.
Currently sat at breakeven in my first position of the week. Still confident this trade will play out as expected, simple break & retest before price reaches the next high and hopefully continues to set new highs for the week.
Nice ascending channel forming on EUR/USD. I don't really trade chart patterns I only tend to look at market structure when looking for entries however, this is a little easier on the eyes. I am waiting to see how price reacts on this break and retest of previous structure which also aligns nicely with the channel.
Good morning traders, hope you are all having a fantastic morning. Seen a potential triple bottom around the current low on the hourly timeframe. For me, based off my back testing and strategy I know that triple bottoms/ tops tend to give off good reversal signals as long as you target them correctly. The risk/ reward ratio I usually see off these are usually a...