As you can see the market is ranging in a small zone for sometime and it just met with the supply zone, which means that it will have highest chances to move to the demand zone now.
It has started fhe move and it maybe taken as a late entry but there is a chance.
Apply strict risk management, no more than 0.5% on the trade.
EURUSD most recent decline occurred on February 25th and has been in an attempted recovery mode from March 31st.
- Today, we see the break of a channel and a new lower high suggesting a a continuation of the overall trend.
- What I am waiting for is a break of tested support followed by a retest to provide an opportunity for a short position to move in towards...
Wagwarn my slimes please leave feedback to help me improve and trade safe.
We're looking at GBPCHF here which is very very overbought so we're looking at a nice sell. We may be abit late to this move but market open will delay if a bit for sure with some volatility and spread AIDS.
Price has been ranging since the 11th March and we've seen that resistance...
What's up please comment what I can do better.
I have spotted a smaller head and shoulders pattern (0vert last 8 days) forming on the a pull back of the EURNOK downtrend which began this time last year. The 1D trend line (orange) was recently broken up and then back down, the most recent wick up failed on the 25th and lost momentum suggesting a considerable...
Hello I'm new so please suggest any improvements / indicators I could include in my analysis to improve it.
Quite a simple one really, plenty of hidden bullish divergence and price is consolidating / ranging in a 400 pip range, we're hoping to catch this buy back up to the top again but if it doesn't go all the way it will at least reach TP1 so make sure you get...
Hey guys hope you're doing well reading this.
Fib drawn between yearly high and lows - recent spike brought us up by roughly 400pips, we're currently seeing exhausted / rejection candles forming an arch shape, like an upside down "U" which is much clearer on the 4H chart. This is a less common trend reversal pattern, but we can put some faith in it as price is...
A lot of room for error as this idea is being published way before the expected move is going to take place.
Looks like a bullish flag / rectangle which means on the third low it should shoot up, hopefully all the way to the weekly trend line where I can then ride a sell down. This will probably never happen- but wishful thinking is the key to success.
Overall my bias on this (longterm) still has not changed. I will still not be looking for the longer term swing high just yet.
Our analysis on gold this year has played out to a Tee(Pee)
This is a nice and simple setup. For it to be relevant we need to see a break of the top of this falling wedge structure, this then opens up the targets to 1745 & 1770. Both of...
A really simple analysis on GJ for you guys today!
More classic Break and Retest Setups on this pair - In line with the HTF bias we've been talking about for some time! Mark key levels - wait for breaks of these key levels - then wait for a retracement to test your marked key levels. See confirmation? Enter the trade?
If you don't know what this means, just...
What have we seen on this pair?
We've seen an ascending trendline broken and retested acting as resistance.
Following this we've seen a strong bearish move.
Will price rally up to our highlighted key level before more sellers enter the market?
Happy Trading! Simplicity is Key for longer term structure!
- Dont be silly with your position size. - Be ready to add positions if you need to -
Like, comment, follow, DONATE?! - All that good stuff will really make me happy.
Price has broken below the upwards trends line and seems there is a strong signal for a potential short lining up on this pair.
- As you can see from the annotated chart I will be waiting for price to retrace to the old trend line and bounce back down before I enter a short position
- Patience is key here as you dont want to get caught in a...
June has been a choppy month for Gold to say the least - with many rallies failing to break through to any substantial levels. We've now broken through a well respected resistance level and tested once, potentially turning this into support. If we can hold this rally our fib retracement shows substantial upside gain, taking the price of Gold to our first target of...