EURAUD H4
We've broken support here at the start of the week and already offered a retest.
Another potential wick retest could be great, effectively offering a us a maximal short entry with a lucrative RR of 1:6. Need to make sure we don't close and set a new HH though.
Shorting down to support potentially, and then buying back up to the zone we could...
BOOM! Just as predicted in my previous analysis. 50 Pips so far in profit, closed 90% of my position and awaiting a possible retest of the daily pivot @ 150.655. If we break this zone the next area to look out for will be the low 150's (150-150.250). Done for the day 🤙🔥
First of all, I would like to thank all of my followers for your messages, questions and your support! It is unbelievable that in just under a month I gained over 380 followers! 🏆
So, it is Friday - how will we close this week?
Although I have seen sooo many people unhappy about the recent price drop, I would have to say: Please don`t worry. It is a good...
Loyal readers already know the current trend. Here is a quick summary for the ones who are new: Last week was supposed to be an opportunity for bears to shine. However, on Wednesday markets went up instead of going down making everyone confused. Maybe that is why ETH price remained confused at the midway point. Now there was a lot of buzz about WSB, GME and DOGE...
broke the daily double top then price retraced instead of heading for the outer structure, currently creating a bear flag to head lower looking for the 3rd touch of the flag before entering short. if we trickle to the 3rd touch of the flag then risk entry and if this trade commits ill be looking to hod it long term at leas t to the low of the pattern
We have just experienced the largest market sell-off in history, just few weeks ago it was difficult to see where price would find some support - especially when market circuit breakers where triggering left, right and centre. As we're in the midst of the largest global health/economic crisis for at least the past 100 years, its clear the aftermath ripples of...
Trade Idea
Broken out of the channel formation to the downside.
A mild correction has been posted from yesterday’s low, this is seen as a retest of the breakout level.
The bearish engulfing candle on the 4 hour chart is negative for sentiment.
Negative overnight flows lead to an expectation of a weaker open this morning.
Further downside is expected although we...
1) BROKEN A DESCENDING TRIANGLE
2) BREAKING A MINOR SUPPORT
3) ON A HOURLY PULL BACK FROM RESISTANCE
& MORE...
EXPECTING PRICE TO BREAK AND OPEN BELOW 1.1237.8 BEFORE WE CAN GO
FOR A QUICK SHORT.
LIKE SHARE AND LEAVE YOUR COMMENTS BELOW.
Intraday Scalp
1) DESCENDING TRIANGLE
2) BREAKING MINOR SUPPORT
3)CURRENTLY ON A PULL BACK FROM TESTING Resistance ON THE HOURLY
& MORE..
EXPECTING A BREAK AND A CLOSE BELOW 1.1237 TO GO SHORT
1) Intraday market direction is short
2) In a Bearish Channel
2) TestIing minor resistance of a 50% pull baack
3) At the beginning of forming a new HL
& more..
Expecting price to rally down to around 1.3209
