This could be a triple top on the 15M time frame if price breaks support (3683.50) look for a nice bearish move to Dec 20 8:30 am Low. The trade is a a 1:1. If price breaks resistance at the top of the triple top structure kill this idea and wait for the next level of resistant at level 3693.
Very quick post. XRPUSD is outside the 4h bollinger band and it has a lot of hidden bullish divergence (higher low on the price action, lower low on the indicator) which behooved me to close my short and look for a move at least to the top of the bollinger band.
Price action has broken the resistance I was using to add to my shorts. This is a relatively high...
we could see a potential grab of liquidity form the point of control 138.000 psychological level and we need break of structure with strong momentum to upside to see market continue push to upside
Follow me for more setup and breakdown
Based on the Cot data we are seeing institution now adding position in the pound. so based on the weekly candlestick volume we clearly see sellers weakness. and daily shows we are in a range. so we could possibly see buyer coming to the market. Lower timeframe like h1 and h4 show beginning stage of upward trend . so how you capitalize on this move
Follow me...
So as I feared last night night the head and shoulder trend tested and bulls and went full sell. But we are now in a falling wedge that might be a good signal for another reversal. I'll be posting a broader trend here in a few. I believe we are still in a trading zone and a true break out wont happen for another week or so. Still a scalpers market. Watch for the...
Recap:
In yesterdays post I had mentioned that today I was leaning sideways to bearish and I was more or less correct. I did mention in an update that I was expecting a decent push at open and a rejection at $305.30, we pushed but only made it to my $303.31 level, but that level was in my watchlist yesterday. After the opening turbulence the $301.21 level...
Price broke above the cloud as it is an uptrend. I traced the uptrend from the 15, 30, and 1 hour chart as an IntraDay trade. Please wait for at least 6.5 hours if you enter this trade now at 1.529-1.53 as entry, and take profit at 1.534-1.535.
GBPJPY Short scalp setup. GBPJPY has retraced twice now and hit the 38.2% fib target. 142.500 and above would make for a great sell scalping setup. Should be looking for a 150 -160 pip target range before bounce back off of support #1. Always follow your trading plan and trade with care. Roll over you big bear and give me them guts! LOL
Simple to 2:1 Bearish setup for 30pips.
1) Channel break
20 High test bar
3) HH'S & LH'S Rejection
plus many more..
leave your thoughts & comments below
