Price has respected the downward resistance level since early December and has also the horizontal support which has had 1 break out but broke back in within 1 candle. I predict price will break support and fall where the 2 resistance lines cross.
BULLISH LONG TERM
- PRICE TRADED INTO A WEEKLY BULLISH ORDER BLOCK
- LOOKING FOR PRICE TO TAKE OUT BUY SIDE LIQUIDITY
IF WEEKLY OB IS'NT RESPECTED 1.1000 IS THE NEXT LEVEL OF HINDRANCE/ SUPPORT
- THIS PAGE IS'NT FOR OTHER TO COPY BUT FOR PERSONAL GROWTH. OVER THE PAST YEAR YOU CAN SEE
I'VE ADOPTED A NEW STYLE OF TRADING MOVING FOR RETAIL TO INSTITUTIONAL...
Price has respected rising channel that was confirmed in October on 4h.
Price has been climbing steadily on 15m. I expect a minor pullback of 10-20 pips with around 60 pips return. I expect price to rise higher but this TP will lock in profits before a bigger retracement and another entry on the same move.
This commodity is undecided on whether is in an overall uptrend or downtrend. However the sentiment just now appears to be bullish as the last 4hr candle (@10am) has shown retracement. I've entered a long trade with initial TakeProfit @ 55.86 then at 58.17 if the untend continues
As you can see by the graph, EURGBP has hit a consistent resistance around the 0.8911 mark. This is indicating that the pairing will drop to the 0.885 support and either break through to 0.8858 and beyond or rebound back to the resistance at 0.8911. This trade can be seen on H1 and H4 timescales so should be easy profit within the next couple of days.
Here you see a scenario that could possibly play out on audjpy, price has a lot of bearish momentum. will be waiting for a breakout of trendline + support. once this happens I will wait for a retest and for a 30 minute candle to close bearish to give me confirmation to place a short, no indicators just nice clean price action.
Today I believe it’s going to be a balanced profile day as market awaits Sino-US trade talks outcome.
Overnight price traded within yesterday’s value area. I believe price will come down to test yesterday’s lows before going up to test overnight VPOC or try to take out overnight high before falling back within the range -baring any unexpected news of course.
The first day back from a long weekend. Yesterday's trading volume was rather low as expected, since most of Europe was on holiday. Today, Tuesday, overnight session trading was confined to a narrow range of 6pts within the highs of yesterday's NY session. On open, I am expecting the price to test yesterday's highs.
Note this week heavy on Q1 earnings. Rather...
Giving last months Carney speech about Interest rates talk being halted due to Brexit talks - Needing clarity on where the country is heading before giving an overall economic out look.
In terms of the Currency The Pound Sterling - Investors are mainly concerned about Brexit & Interest rates, as the bullish rally on the GBP was because the central banks said...
Expecting further downside targets for AJ, 200 EMA illustrating further downside momentum.
- Other confluences are overall market structure clear LL + LH being printed in the market, recent PA showing a pull back to daily structure levels 2-3 Days of price action
stalling showing *Dragon fly doji* which is a reversal candlestick patterns
At first I thought that the USDZAR downtrend had been halted and a new uptrend started. However, price has respected a previous important high (August and November 2016)and has quickly moved down to just break past and sit at the previous low set March 2016. Currently it looks more like a long term range forming. The latest up moves were from potential...
Recently CAD/CHF was in a consolidation zone for quite some time, showing that there's been a moderate level of supply and demand.
earlier on this year CAD/CHF Broke out of that consolidation zone, showing that the demand has no increased, with supply increasing as well, this confirms that CAD/CHF Won't be looking to drop back down to that consolidation zone,...
EURTRY has been clearing up-trending for over a decade. The upside momentum has been significantly stronger in recent years, as seen by the more aggressive trend support lines. How long will the upside continue? Is price finally reaching a high?
The main reason for me wanting to open a long-term short on EURTRY is the positive swap rate. I personally believe that...
So I've been quite dovish about publishing ideas as I am new/green to publishing and still growing in the trading arena.
I've been watching FOREXCOM:AUDCHF since June and thanks to the education I have been receiving lately, my analysis of this pair has been quite spot on, so I'm so happy I have found such good teachers and...
major resistance tested 3 times and held
weak buying pressure - failure to create new highs
candlesticks - indecisions candlesticks and dark cloud cover and long extended upper shadows
if prices can break below 145.000 - sell
The CHF has been a really stable currency with the unemploment remaining at 3.2%, and decrease from last months 3.3% and from that we've seen significant strength on the CHF - But right now the CHF is at a peak level where we've had numerous price action rejections showing us that this market is in favour of the bears and not the bulls, we've had a clear pin bar...