Levels I'm currently looking at and what id like to see:
- Bullish push to the recent highs then look for evidence to go short.
- Or a break of the current trendline and then a retest of that trendline for a trend continuation to the downside.
- Only looking for shorts (for now) as the higher timeframes are showing bearish price action.
The last 15M candle closure indicates some buying pressure after the structural shift but then again this could just be end of week market manipulation. We are more than likely to see the price come down to test the strong supportive level and gain liquidity before we see a strong upside move but then again price could fly to the upside from the current area it...
Nice, clean and simple. We have the break of a very bearish 4 hour structure.
on the move to the downside, price failed to reach any relevant fib ext targets.
Im looking to the purple zone for scale ins to carry this pair to its final targets 1.74 & 1.72
The DAX (GER30) is in a troubled zone of congestion and seemingly fighting to stay afloat.
Don't expect it to just roll over swiftly - though anything is possible. We're looking at a sharp rejection of the 2H ATR line. This analysis does not apply to any other time frame.
But taking a steer from the 2H, there is money to be made (and lost) on much smaller...
long time no see. Here i am with a new simple analysis: as you can see there's a Gartley pattern on the hourly timeframe of this chart (CADCHF), and i've already entered the market long. Be careful because this is a counter trend trade and it's riskier than other ones. Always put your stop loss when you're against the trend.
If you have questions/ideas,...
I and the Alkaline team got involved in an early buy position on this pair which has been extremely rewarding. I will be looking for a second buy position into the significant structure marked if we manage to see rejections from the horizontal ray, let's see how price develops on Monday. Have a great trading week everyone!
COT Data - 50/50
From a technical perspective, many would assume this pair is now ready to fly to the downside after breaking the ascending channel it was caught in. After analyzing the DXY, a major factor in the movement of this pair. My opinion is that we will potentially see a break back within the channel with room for more upside. My bias remains bearish...
the reason on why I think gbpjpy could break structure is because price tested previous structure and did not created a new low so I can only assume that price is still bullish until structure changes. trendline is still being respected.
I'll wait for price to break the structure and retest the zone for a long.
adapt and improvise.
Hooray, price is now back at the previous resistance level, I see signs of bulls, let's all buy and make millions, HELL NO! Understand how the market works and how banks manipulate retail.
I have drawn a path as to what i think may happen next. I expect a push below the resistance level to gather liquidity before the intended move to the upside. We may not even...
Sorry for the late publication guys I'm new to the whole publishing thing.
- Huge upwards movement on XAUUSD upon rejecting a double bottom level, (somewhat of a 'triple bottom' almost)
Lots of key levels of support and resistance, looking for price action to break through each level, if not then may be thinking about closing for partial profits.
TP 1: 1900 for...
We have now witnessed the first phase of the structure shift on XAUUSD. I will now be waiting for a second impulsive to the upside breaking the first level of structure to potentially confirm a new uptrend as illustrated.
COT Data - 54% Long
Price has broken out of our descending trendline, created a higher high, and broken above previous resistance level, therefore we are now changing trends and bullish on this pair on the daily timeframe, before entering longs I am looking for price to retrace into this 38.2 fib level where we have a few areas of confluences (structure level, 50EMA) and looking for...
If we manage to see a break of the small ascending trend line, I will class the small break to the upside from the resistance level as an SL hunt to gather liquidity before a potential strong bearish move to the downside. If we see the break, I will be waiting for a re-test of the trend line or structure followed by rejections before placing my sell...
Price has broken out of the ascending trend line on the daily time frame and is now respecting a new descending trend line on the lower time frames. If you pay attention closely you will see that price has been stepping down and respecting structure due to JPY strength kicking in. I would like to see one final touch of the descending hourly trend line followed by...
After breaking the ascending triangle we began to see bearish momentum but that soon slowed down and now it looks like the price has failed to continue the downside and we are in the process of a structural shift indicating a potential buying opportunity.
COT DATA - 55% Short