It is a very simple break and retest setup based on trendline break. SL : 41 Pips TP : 82 Pips Trade At Your Own Risk Analysed by : Adika Anugrah W @adikaanugrah Stevano Devon @stevvon Rayhan Ramlan Esfa @rayhanre
The sell pressure breaks the trendline and will most likely continue to move down to at least 1.25100.
Gold will probably retest one more time before it continues to weaken towards the 1405 support level.
SMP TRADING SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Chart time frame - H4 Timeframe - 1-4 Days Actions on - A – Activating Event Market will meet resistance in zone @ current levels - .... and fall to the 0.66 . In order to enter, the pair MUST be in line with my Entry Procedure.... B – Beliefs Market move towards the first Target 1 level @ 0.66 ...
The bears sharpen their claws, as the head and shoulders pattern on the one day chart gains attention. A break of the 1.60500 level will lead to an immaculate drop to the 1.57000 support area. The bad news doesn't stop there, the European central bank is expected to cut rates twice in the coming weeks, This may open the flood gates to the 1.55000 area. Its...
AUD/USD is closed to strong resistance and we can expect the reversal or pair will broke the line and make a higher high. I will closely monitor the pair and trade when my setup shows the signs of sell or buy.
dow jones running above record BUT how long? here is the best place for an good short entry. good hunting
Shopify buyers are looking exhausted. Looking to buy after slight dips along the Fib Retracement.
SMP TRADING SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Chart time frame - H4 Timeframe - 4-12 Hours Actions on - A – Activating Event Market will meet resistance in zone @current 72.192 - .... and fall to the 71.85 . In order to enter, the pair MUST be in line with my Entry Procedure.... B – Beliefs Market move towards the first Target 1 level @ 71.85 ...
Good morning traders, After last nights confirmatory words from US central bank chair Powell that they will be looking to cut interest rates (as the market expected) we had a bout of USD weakness which we were able to take advantage of for our team in longs on GBPUSD, EURUSD and short USDJPY clocking up over 200 pips on those three trades alone. We are now...
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As you can see, there is a possible short term downtrend on GOLD as the price makes a downward pullback on H4 uptrend. Initiating a short position. Trade safely!
3 ON MT4 Head and Shoulders Evening star 1hr Strong Divergence 1hr, 4hr 1/1 ratio with a strong chance of winning. Long term downtrend, hitting off resistance, Recently forming HH, HL, Rejecting off R1,