Hey Pivster's
Here, I have tried to demonstrate how you can use the money flow in the market to map the script alongside its basic price action which eventually leads us to some interesting zones in the journey which are being classified as the 'buyers' or 'sellers' zone depending upon the situation of the price and money flow statistics present at that very...
From swing low to swing high, we can see more than 78% retracement happened. Next is swing high to swing low, that's where i marked off the golden zone so 40K is possible again.
Also with the mighty dollar approaching its supply zone and heading into retracement, the market must take advantage of the momentum, as they should.
Patience wins all.
Keep rising....
Today took a trade based on the 4H setup as the 10am candle opened. Saw that we had a LTF FVG on the 15m (bearish) that failed and became short term bullish and got the entry on the 15m-FVG(H). Order flow confirmed entry to the upside. Buyers hit the bid price at the entry and followed through afterwards.
Stop loss in profits and partialed at target 2 so this...
interesting 15 min. fib wedgies are and bull print are looking identical. I got 1000$ going up, any takers? oh yeah macd used as well. RSI i still question till this day, might stop using it.
ooh yea, sorry for the chart mess, just needed to know what i was looking at. Notice the time frames in between highs and lows. keep in mind about 2-3 hour on major...
The 3-Bar Bearish Reversal Pattern
1 The middle candle is at the highest point
2 The two candles on each side have lower highs
3 The third candle closes below the low of the first candle
4 The entry is triggered at the open of the 4th candlestick or bar.
FIND YOUR OWN TP & SL
Hey everyone
Here's a continuation of the POUND / DOLLAR IDEA attached hope your enjoying your weekend.
Now if you took the trade its time to adjust sl to the previous swing high right at 1.32559 or trail stop the trade, looking for continuation of this move with the bears so will be looking for shorting opportunities targeting fib ext level 0.618.
Significant...
Good morning, traders. Welcome to 2019. I am seeing a lot more of the doom and gloom lately, which should be interesting in terms of overall retail sentiment. Bakkt being delayed once again has traders sure that price will rollover and continue further down now, but as we know the market rarely does what the herd thinks it will. That doesn't mean it won't fall...
As you may expect, there is always a bullish or a bearish scenario to bet on.
Upside breakout is needed to encourage the bulls to push price higher. However, resistance is evident. 10-year treasury bond is above 3%. There is no new hype around that may inspire positive sentiment, only Trump, tariffs and trade war.
On rule of thumb it is more probable that stocks...
Pair is in a range
Price is in-between the 50 sma & 100 sma
Breakouts of those ma's price will go to the range top/bottom
Breakouts at range top/bottom
Take profit at previous fractal highs/lows and swing high/low
Pair is in a range
Price is below 100 sma makes a bearish bias
Bullish Trade
Breakout of 50 sma
1st take profit is range top
2nd take profit is swing high
Bearish Trade
ENTRY - current 15m bearish continuation candle patterns
1st take profit range bottom
2nd take profit swing low
Analysis based on the downtrend. I believe that we are at the top of a 4HR swing in a downtrend. Therefore this gives me reason to short this pair down to the support @0.72. Tomorrow we have mid-high volatility news for the NZD. This will affect the chart but in my opinion, not too much. On Tuesday we have some high volatility news for the USD. Again, the same...
Technical Analysis for USDJPY on H1 chart above was initially planned for the short term range within the level of (Support) 101.80 - 102.50 (Resistance). Consisting of 70 pips in total accumulation in between those levels. R:R = 1:1
Key Factors for this setup are the PA swings, Closed Candlestick, and the up/down-trends strength to plot for the PO Buy...
