USDCAD 4H TF. There is a potential triple top pattern because of strong resistance area it means Short if it break the swing low. But if the price go up and break the resistance area you can find best entry setup with lower TF such as 1H 15M 5M. But be careful because on 13 February 2024 there is a Inflation Rate News which is high impact for USD.
JUST CHECK THE PIC FOR THE IDEA. BUT BASICALLY HERE ARE THE STEPS: 1. DETERMINE CURRENT MARKET STRUCTURE USING 1) SWING HIGH & SWING LOW 2) BOS & CHOCH -this is more powerful if price has just made a break of structure(BOS), but not necessarily. 2. PLOT FIB FROM LATEST SWING HIGH & SWING LOW 3. LADDER ENTRY AT FIB OTE + ORDERBLOCK ZONE 4. PUT STOPLOSS AT...
Hello Traders! We can see the 3rd candle (right high of the swing low), was broken now. I am assuming this Friday will most likely push higher and Thursday may not be the high of the week. We are in a premium of the range and a sell setup during London close would be great above fair-value(You can see London close reversed on Thursday reverse above fair value...
Evening Traders, Today’s second analysis – GALAUSDT- rejection from its Monthly S/R and is looking for a higher low, Points to consider, - Price action impulsive - .618 Fibaoncci Resistance - Order Block support - Key Swing Low GALAUSDT’s immidate price action has found resistance from its Monthly level that is in confluence with the .618 Fibonacci,...
So i have been now trading using FVG and Fibs for well over a year in a half now and i can personally say this is by far the best trading strat around since i started using this i right away noticed how it really does simplify trading down to the bare bone essentials which has helped me see and read price action a lot better yesterday being the best trading day i...
USDCAD Broke the supply zone at 1.36630 and now the price seems to be aiming towards the next upcoming supply zone located at 1.38340. The stop loss is ideally suggested to be placed below swing low/ demand zone at 1.35500. Have a look at the main chart for complete trade details. Trade Cautiously & Safely. Cheers
With price fast approaching the monthly low we can expect buyers to begin joining the market looking for support. This can be confirmed by the sentiment data showing that 82% of retail traders are long. This figure is huge! If we understand that 90% of traders are wrong and 82% of the market is stacking buys, we can use this valuable data to bet against...
As we observe , it actually will goes down as we predicted last week , unfortunately there was a news where a rumors talking about biden and putin , so the news triggerred all major usd pair so that bull taking over market and goes ( break ) major trendline on daily chart that be defined by SMA . So back to our prediction , it will now trying to make a fakeout...
$APPS went through a 50% correction from the last high and even closed the gap from august 31st. If we see a bounce in the tech market I would think that $APPS might perform very well. This is NOT a longterm hold and investment at the moment, just a swing trade, so strict profit taking is advised! Buy In: Now Stop Loss: we literally pick the bottom here, so the...
$SPCE made a 90% retrace of it's last run. Nice bullish divergence on the daily. Something to watch though is the small gap at $ 17.30 Maybe wait for a confirmation daily close above the daily EMA 20 to enter. If the gap somehow gets closed before we run, its a STRONG buy imo.
Nice bullish divergence in the daily and a beautiful hammer candle with high volume. You find the trade levels in the chart.
1. Determine supply and demand zones 2. Draw a 0.5 scale from swing low price to recent peak. 3. See if the swing low support price action range ( if support then it can be accumulation phase, if not then it is invalid) important is that sometimes there is will price action below the swing low point and then reverse back up due to manipulation. doesn't mean it...
Formed a Flagged trend. Broke the flag and retested as well as created a new low and also broke that low. This is a double entry. Get in after retest of flag, and get in after it broke the last swing high. This is a good play for the playbook.
After the 1.2420 area acted as suppport and swing low at the month start we had a nice bullish move all the way to the 1.26 area which acted as resistance once again. After the 0.618 Fibonacci level of 1.2480 has been tested price never fell back under this area and the bullish trend line which has been tested already 3 times has really came close to price which...
Possible 1-3-5 with growth cycles mapped in grey horizontal lines with prices on the line. Rounding bottom pattern forming the swing low, confirmation based on whether the bullish volume is correct and price moves higher, confirming the rounding bottom as the actual bottom. Risk is that TRON just stops acting sending the perceived value to zero.
Considering the Bearish Trend which created a LLs and LHs inside the Ellipses, we saw an invalidation through the channel which tried to create a HHs and HLs but then the ZONE from the HH was a SUPPORT AREA which we saw a consolidation and a break below, the Break-out was also a consolidation which we were expecting a break either above or below but the certainty...
50% Fibonacci Retracement of Pin Bar Candle. Entry at 167.26. Stop Loss at Pin Bar Tail. Target at previous Swing High. Reward to Risk is 2.81.
Last year, SE turned cash flow positive and posted the triple digit revenue growth quarter after quarter. It is a digital entertainment/gaming + E-commerce + Fintech all in one company and is turning into a behemoth in south east asia. In addition, SE was a favorite buy for several top hedge funds in Q4 2020. It seems like we will see some weak rally tomorrow...