luna currently on previous low.we could expect potential rejection to the upper level
Good morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a USD/CAD Sell. Enjoy the day all. Cheers. Jim
Important zones marked on the chart. Markets remain under pressure. There is a pending gap in NIFTY on the downside. One of the gaps were filled yesterday. Happy learning and trading! :)
According to the price is in the top of the channel and in strong resistance zone and sharp growth , So it's reasonable that comes down. Good luck
A break above this 61.8% level and new highs will come rather swiftly. I think we will. Thoughts?
A bearish close will confirm the short bias and open doors to 1.07334 and 1.06600. Keep you stops at 1.09038
correct me if i'm wrong guys as im still testing out the waters with elliot wave theory. i see an ABC wave along with 5 waves amongst the pattern. if the pair breaks resistance i feel we will have a massive reversal here with resistance now acting as support, we will see how this plays out.
Here we have an USD/CAD Chart, as we can see there a lot of possibilities, i only can say that wait for the confirmation candle either for long or short. DailyFx Trend = Down Volatility = 16% stay safe and happy trading
After realized profit of the BatPattern trades I am now looking at a short breakout trade. The current price levels seems to be of importance for this pair as it turned around price action often in the past.
Triangle has broken multiple bars in the 1H and 2H time-frame in to Bearish signals. RSI @ 3H has turned Bearish as well. Willy @ 6H is indicating a dump in near future. I have labeled zones of varying degree of support/resistance (Green, Red, Yellow Lines) These lines were drawn with 2H, 4H, 6H, 12H time-frame modified Ichimoku Kumo Clouds (hidden). The...
Major resistance held (R1) Short anywhere here to trade in the range, and place Sell Stop below the Range for breakout to the Monthly PP and S1 and beyond!
Passed the 0.76 and successfully held on retracement Below this level is bearish Sell stop below previous low Head to target 1 and 2 but a lot of room to shoot
you see the red point above: please feel free to test a SELL-order! TVC:DAX ------------------------------------------------------------ ATTENTION! This is a TEST-order. Please DON'T use it for the real trading. ################################## DiKKAT! Bu bir TEST-ANALiZ öngörüsüdür. Gercek islem girilmesi kesinlikle tavsiye...
I just shorted AUDUSD. Why? becaue; Price is showing wickness on a strong resistance level. The fact that this resistance level influence price almost everytime encourage me to short without waiting for any other confirmation signal. Meanwhile, I placed my SL too far for the price to hace enough space to breathe. It might be a bad idea to go short if we look at...
AUDUSD is approaching a strong resistance, so I enter short at 0.75
$GBPUSD Cable slowly grinding up from what I believe to be the bottom (two bullish candles). Only time will tell... Used ichimoku kinko hyo as a technical indicator, on the 4h chart. Please see the chart attached to this post. Any comments, suggestions, opinions etc. are welcome. I remain LONG. GLTA!