Happy Monday everyone!! After screening my chart this afternoon, i saw that there is interesting sell signal on Euro / Yen especially at the bigger time frame. Is it possible of the bear take in charge now? hmmm.. Might Be!! but lets take a look what information market currently gives us. Monthly Time Frame - Downtrend line potential 3rd touch - Support...
As you can see in my previous post, I was able to accumulate 150pips. I took partial, and re analyses the chart, and as you can see in the weekly posted above there is a lot of liquidity gaps that needs to be filled, and that trade I took last night was the perfect entry for this weekly breaker block. Im leaving it on for a while lets see where it takes me. =D
Price dropped sharply for the 3rd day but with minimal volume. Let's see whether the selling is really over as the bears are rejected at EMA20. This is probably due to profit taking based on good news this week. Plus, market will be closed next Monday. Reversal is possible next week. Monitor US DJI.
What do you guys think about that potential Harmonic Bat? Like the post and comment with your thoughts below! May God Bless
NZDCAD is on a very important support right now. Last action is extremely bearish and the price gives the impression that is able to break through this level and continue towards 0.80 area. Although sellers are very strong right now, a reaction by buyers on such an important level, might be a sign that sellers are taking their profits and buyers are starting to...
Price Action (Technical Analysis): Making sense of what we currently see in the market would be acknowledging monthly impulse retracing into the 38% & since then seller haven't been cutting the bulls much of a break. The ideal entrance into this pair would be to allow price to test our monthly support & receive various confirmations around our psychological level...
AUDJPY approaching major area of value. With the brief exception of the financial crisis price hasn't breached these lows in over 15 years. Will be favoring longs. Keep an eye on price action at the level and be on the lookout for buy setups. Tremendous upside potential comparative to the risk. Good luck!
NZDJPY is approaching major historic support offering some fantastic risk vs reward long-term trading opportunities. I'll be favoring longs as price continues to head lower. As I'm favoring longs at this level, I'll be keeping an eye at this level to see how price action responds looking for buy setups.
CADJPY on a Weekly basis is approaching a very long term historical low. This provides an excellent and rare position-trade opportunity that offers a lot of potential upside relative to the risk. Tremendous area of value for a long-term trading opportunity. *NOTE* Although I'll be favoring longs as I'm suspecting big money to come in building long positions...
SMP TRADING SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Chart time frame - H4 Timeframe - 1-2 days Actions on - A – Activating Event Market will meet resistance in zone @1.31 - .... and fall to the @1.286. In order to enter, the pair MUST be in line with my Entry Procedure.... B – Beliefs Market move towards the first Target 1 level @ 1.286 FX:GBPCHF...
on the xau/usd I have seen price reach resistance zone. Previous drop in price from historical data + the resistance zone have been aligned so I believe that price will drop at that zone. Remember guys that this is a position trade so this if you place a trade at this moment you will have to hold onto it for a couple months before it reaches take profit. This is...
LRCX has an important technical pattern. The stock chart is technically precise. Lines drawn on a weekly chart match perfectly to daily support levels. This is not always the case. The technical precision of certain areas of this chart shows where the professionals have entered and exited. The ability to see the footprints of Dark Pools and Professional Traders is...
CHF/ZAR Update If you followed the trade idea I posted on my TradingView on 11-20-18 (), we see how we have progressed. As charted, we hit TP. Hopefully you took your profits as noted on December 4, 2018. The reversal did occur as expected and we saw a series of impulsive moves and corrections (see current flag). Be sure your profits are protected. Although I...
Very simple -We saw the historical 30+ year ascending trendline hold up as resistance after a fakeout spike higher, red 786% & 618% bearish fib levels are prominent & also holding -Price is now breaking a medium term ascending TL & has retested successfully -Recent Weekly candle close saw a confirmation of bearish pressure = thus I expect a test of green 618%...
The energy sector has been performing badly over recent months, but not as bad as basic materials sector. Specifically leading the problem in the energy sector are oil & gas drilling, oil & gas exploration and production, oil & gas refining and marketing, oil-related service and equipment, renewable energy equipment & services, and uranium industries. These...
Following the ascending triangle pattern on FOREXCOM:XAUUSD Price to make way to resistance around the 1350 area.