Using ICT Concpets, it’s led me to believe EU has a potential rally down, it took out a double top, an area of Liquidity where Smart Money can sell, its retested a breaker used to mitigate orders, so now overall bias is to short EU to the double bottom, another HTF level of Liquidity, maybe EU will reach for the range Low
In the area of around the 1,12700 looks to have a large amount of Buyers waiting to get price cheap and take long positions. Price has already bounced into this area before, price could be set to do so again. A the Bulls will be ready.
Evidently, price is in a downtrend. "Never go against the trend" immediately comes to mind. While price is currently trending upwards on the lower time-frames, which i have highlighted by the demand zones, i will ultimately be shorting this pair once price enters Supply 2 and shows signs of a rejection. SL will be a few pips (5-10) above the red zone and TP will...
The French shares have been moving higher so we believe this may be a breakout overpowering the sellers at around the 5505 area and continue to an upward trend and benefit our trade.
However it does appear that price is moving in to a triangle trend line so price may get squeezed by the pressure of the Bulls and the Bears before the CAC 40 Breakout is achieved.
We still believe from our analysis that the FTSE is heading for the 8,000 mark and is getting close, however it's going to take some gradual steps with some drop s in price before it hits the mark, it's currently heading for a downturn in price towards a possible area of buyers, which we've marked as the top zone, however should this not hold then we could see...
Last post: May 20th. See chart.
Review: A breakout was required to suggest a trend continuation.
Update: A breakout followed was confirmed and further bullish moves have taken place.
Conclusion: A move towards 6.0000 with further opportunities to compound is now probable.
Any comments or questions, do not hesitate to leave them below. Hit agree if you...
Last post: May 16th. See chart.
Review: A continuation of the bear trend was likely with the confirmation of the bear flag.
Update: Price has indeed weakened further with another bear flag a possibility by the end of play today.
Conclusion: Another bear flag will mean further shorting opportunities as price continues to weaken.
Any comments or questions,...
This may be my very first chart analysic so far, chaotic and wild, but might give a rough idea of what I think can happen.
Price swings in a area supported on 17.16 and limited on 19.50. Two sub-areas can be identified such as the Cyan's and Yellow's where price, on a 20D period, goes sideways.
Last post: May 15th. See chart.
Review: We were waiting on price to confirm a breakout by the end of the trading day.
Update: The breakout was confirmed. Price is now suggesting another breakout in the form of another bull flag.
Conclusion: A confirmed bull flag will strongly suggest a continuation of the bull trend and offer another long entry point.
Last post: April 26th. See chart.
Review: A retest as support was expected following a break through key pivot resistance.
Update: The retest was sometime in coming. A break and close above May resistance is now needed to suggest a trend continuation.
Conclusion: Standing aside for now until the breakout and trend continuation has been confirmed.
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...
nice looking price action. As you can on the weekly timeframe price reversed and started making Lower highs and Lower lows. The price is making upside down flags since it is on a bearish trend. As you can see the channel of the flags (correction) the support trendline of the channel has been respected 2 times and on the 3rd time it broke and made a bearish pole...
As I've been trading and observing the market catching some really obvious set-ups on the Euro's & Raw Reversals on the GBP.
For now my eyes are fixated on CAD/JPY, seeing how the high GDP Growth on the CAD has aroused the Investors to feel extremely confident with the CAD and on top of the fact that Trump himself said there's no Trade Tariffs with Canada -...