Price seems to be respecting the trendline and a pattern of confluence as price goes down seems to be repeating itself through time.
I'm expecting for price to go back up to the trendline and fall dramatically again...
Retest support zone and fall dramatically
Wait for confirmation candle...
A continuous fractal pattern has occurred in 0x causing repeated price movements of approximately 25%+
On this date, the fractal is in a stage that appears to be a downtrend possibility for 16% downtrend from $.85 to around 74-77 cents
This is in week 1 out of a standard 2 week pattern, check for buys here on Nov 1st
So end of this week has found that EURAUD bouncing of the hugely over bought 80 mark line for the RSI which means we will be imminently be reversing and heading back down. Looking forward to profiting on this one!
Hello guys, here are the levels for trading on Tuesday. The market pushed higher on Monday, but not enough to reach our sell level, as of right now, if the market keeps moving higher, i will be looking to take some shorts at some key levels like XH or R3 depending on whether or not we get our setup at that point.
PLAN YOUR TRADE AND TRADE YOUR PLAN
This video is not about an instant opportunity for jumping in the markets. I'm sharing how I stalk the markets.
New or novice traders - all too eager to make a fast buck - tend to miss the big issues i.e. that it is about patience, vigilance and planning ahead. The methodology shown is relevant to trend following.
How do we find trends? Well, we need to be...
- Ichimoku Cloud
- John E. Zero Lag EMA
- Hilbert Sine Wave Support/Resistance
- Linear Regression Divergence
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In the last year of my trading I've been looking more at weekly and monthly time frames. CADJPY and several other pairs show potential reversal set ups on the weekly time frame. This does not mean that they will reverse.
I've noticed that weekly time frames 'explain' an number of changes in directions of markets - especially forex markets. My thoughts on this...
The market gives us a good buy opportunity. The price bounces from the support zone formed by the uptrend line, SMA100,Patern . RSI, Parabolic confirms price reversal. MACD histogram supports possible upward movement. Pending orders for buy can be placed at 0.68037516 level with stop orders below the local swing low at 0.63037516level. This is a long term trade...
I'm looking at a triple bottom on AUD/ 15 minute chart, providing a potential 2618 opportunity.
If price action can come into the area of the 161.8% inversion of the third bottom (an extension can also be used from the mid leg of the triple bottom to determine the 161.8%), this will provide a potential 2618 buying opportunity.
Entry will be between the 61.8 and...
I love trading forex due to many reason one being the high volatility. You almost always get second chances for entries and exits. Prices tends to oscillate around their "fair value" al to more than in Stocks or ETF´s. There is almost no pair the rallies 50% in a year.
While there are scenarios for early exit, one should only execute such planed exceptions right?...
No matter where the market is going? With a multiple Strategy System you can create opportunity in almost any market condition.
Here, red short ABCD and orange long Gartley to name only 2 of the upcoming opportunities.
My preferred package is mid-term trend-following + short-term anti-trend + Simple & Advanced Price Pattern. ROI +/- 200 pips p.a. and per FX pair,...
A more cautious tone is appearing across global equity markets.
Further gains to prove increasingly difficult to maintain.
China poised to break higher?
Global equity markets remain in their dominant bull trends.
Investor portfolios are overweight and investor sentiment is positive.
However, warning signals are now appearing, suggesting further gains are likely...
Proof of the Mumbai Scalper Strategy....
Not a huge advocate of scalping but can come in handy when your medium/long trades are playing out. This Chart shows a sell scenario. this shows that when the Parabolic SAR is in a downtrend we wait for a confirmation of the stochastic oscillator to cross the 80 level, when both of these criteria's are confirmed, place a...
today i want to bring you some pure technical analysis. As you can see on the chart above, i've written down some simple rules. As a trend continuation trader you want to follow the major trend: in order to do so having the big picture is key. The break of structure you see here is in fact a multitimeframe break of structure, since we've also broken the...
EURCAD has been moving in a wide channel since 2013 and its bottom channel (Turquoise line) has almost been reached now.
Definitely a pair to watch for either a Bounce or a Breakout.
If the bounce for trend continuation is confirmed, this should give us a niiiice movement potentially up to the upper channel.
The pair moves quite slowly so this is probably a...