EURUSD TripleMonthly - No RECOMMENDATION or ADVICE Status / EDUCATIONAL only - Support, Resistance, Confluence, Parallel Channels - Hope it Helps, Good Luck
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After very strong downtrend price has formed strong bullish candle today followed with a bullish wick rejection. However, price has failed to break 1785 and bears quickly stepped in to push the price down again. Because of that, I expect move down.
Price broke 105.900 support zone, retested it and went down. It formed series of lower highs (bearish trendline) and lower lows. Price retested previous low and I expect to see bearish move. However, be careful as price can potentially react to support zone 103.600.
We can notice very interesting point 92.5 On DXY number 92.5 was respected many times from both sides of zone and act as support/rezistance, even FIBO 61,8 level is in our side to bounce down and short with good 2.5 : 1 risk. :D RSI is also very close to overbought.
Hi, traders.
My name is Lukas and I am a beginner in trading, respectively, I only trade 9 months. But that means I have to do the necessary analyzes without it I can't trade. I want to show you how I work on myself and document my beginnings. I use Vix and my strategy is built on to return to average. I highlight the important support levels and...
Hi traders,
another portion of the analysis that we do on a daily basis! Yesterday´s trade has a big possibility of a winning trade - INSIDERS short, Price Action looks well and psychology behind candles confirms the weakness of Long traders.
I am talking about LBTYK SHORT.
If you compare SPY and LBTYK charts, especially the last 2 months, you will...
Hi traders,
I am going to share yesterday's trade with you, that we opened in our accounts. It was a SHORT in a market that is in a pretty nice downtrend.
You will probably have a question - Why do you open short trade in this falling market?
Because INSIDERS increase their SHORT positions - and that´s a SHORT sign ! Trading with them is much easier than...
Hello traders,
Description of the analysis:
The market generates higher price distributions in rotation with the support of volumes. In the analysis, I marked the supports mostly on the first standard deviation of the volume profiles at the indicated ranges. Keep in mind that the red line is the price of the largest volumes on a given range, which means a fair...
This trading idea for short trade from price level 71.86 is based of combination Volume cluster + Open market.
There is heavy volume accumulation in strong area from which strong selling activity starting...
So when the price will back again .. I thing that this strong sellers start defenting position and push the price downwards again.
Happy trading
Dale
