Price has broken out of our range to the downside, following our forecasted price path. Lets see if we get any retracement to test our range support level as confirmation to enter a sell position.
Bulls failed to create a new high in the market before bears took over and since we've seen a strong break of our range support.
Keep your eyes on this one! Check out...
Quasimodo Pattern Trading Rules
The Quasimodo trading rules for sell signals can be summarized as follow:
A prevailing uptrend needs to be visible – series of HH followed by a series of HL.
Break in the market structure – price start to make lower lows LL.
Entry Option #1 - Place a sell order near the right shoulder.
Entry Option #2 - The 50% - 61.8% Fibonacci...
Plenty of EUR upside potential heading into next week against the GBP.
Drawn here is a potential price path the pair could take, breaking and retesting key structure levels.
We have seen a break of our descending structure for the first time, this could be an indication of a reversal heading into next week.
Any questions? Drop me a DM!
- On the daily timeframe the current price is retesting a breakout of the downtrend
- Reverse head and shoulders may continue following a possible bounce off the 61.8 fib level
Personally, I'm staying out but we could potentially see this TP.
Bulls have grabbed a firm hold of this market as we approach long term targets at the top of our previous structure to complete the reversal.
We marked potential key levels on our bullish ascent. Price has found resistance at one of these levels. This level was a key level in previous structure - therefore we can expect price to respect this level on the...
We recently took GBPUSD long, with a decent expectation of profit.
There are many reasons for the buy trade, with the main ones begin:
1H - support and bull continuation at volume level
10m - bullish continuation
In this chart I dig deeper into price action and trends on the DJI on the 4H time frame, exposing a potential trap - mainly for new traders and some seasoned traders. What you don't see is most important. Lots of indicators in here - requires study. I use them only to expose what's happening.
In other charts/videos I've shown that the DJI is weakening based on...
Check out our previous idea on GBP/AUD linked! Two weeks ago we predicted this move. Patience is key in trading.
We predicted a move up to this level at the top of previous structure and price has now finally hit this level.
We predict market moves before they happen - DM me to find out more and how we manage to do this!
Happy Trading all!
Lovely double bottom formation at a long term key level in the market. Price currently resides at a marked key level on our charts. Will we see a break of this level? If so - clean traffic up to 1.7070!
Keep an eye on this pair - And any questions please drop me a message.
We've seen our first indication of a potential reversal - a break of structure. We've marked levels in the market to be aware of if trading this pair.
Any questions - feel free to message!
Have a great trading week!
Happy new week! I know its MLK day in the US, so their markets are closed, but that does not mean there are no opportunities in the markets! - We actually took home a few winners already, and I think we could get this one too!
Ok, so this trade is based on a few ideas, and here they are:
Price is at a strong support level
Possible H&S pattern, seen...
We have a Inverted Head & Shoulders forming.
Looking to buy off of the bottom of the right shoulder so I can have minimum risk to the neckline then anticipate a break of that neckline into my targets.
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USD/JPY has just recent created a bearish sub-crown on 15-min, just awaiting confirmation of right-shoulder establishment.
Caps are down with a max. 86% retracement, so I am LT bearish on this anyway, but the presence of the bearish sub crown confirms this sentiment. I am looking to short on rallies to the 15-min 1.18 (and new sub-crown's anticipated 1.618, as well)