Very simple
-We saw the historical 30+ year ascending trendline hold up as resistance after a fakeout spike higher, red 786% & 618% bearish fib levels are prominent & also holding
-Price is now breaking a medium term ascending TL & has retested successfully
-Recent Weekly candle close saw a confirmation of bearish pressure
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thus I expect a test of green 618% ...
The USDJPY is between two critical levels for a position.
Both levels are a great opportunity for swing position, there are about 140 pips between them, If the Price will hit the demand first I'll buy there and my target will be the supply above, and if the price will Hit the supply first I'll sell there and my target will be the demand below.
As we can see the GBPUSD has created a new fresh demand on Friday.
The price bounced very fast and strong from that demand, which indicates on unfilled orders waiting There for the price to come back and pick them, if the price will back to this demand I'll buy there. It's a Great demand for scalpers and also for swing position.
This is a good zone to get involved in a shorting opportunity as soon as the Daily does not close above 129.50
As I enter on the Violation of the 1H Trend I have a Entry Stop Order below the Higher Low of the last swing.
If the 1H makes a new Higher Swing then my entry will be placed under the next Higher Low.
My first Target will be a re-test of the previous ...
This is a good zone to get involved in a shorting opportunity as soon as the Daily does not close above 129.50
As I enter on the Violation of the 1H Trend I have a Entry Stop Order below the Higher Low of the last swing.
If the 1H makes a new Higher Swing then my entry will be placed under the next Higher Low.
My first Target will be a re-test of the previous ...
Market maker basic rules on the trading strategy - LDN breakout, ASIAN consolidation, NY reversal.
M and W formations also lay in line with this strategy, as does the idea of a midweek reversal .
Will take any opinions as I'm a beginner with this strategy!
Month Support at the 1.15000 level has currently held although the close of last months candle still shows overall bearish momentum. The Weekly candle which also closed below the key week support level of 1.17150 also confirms bearish activity and will now act as potential resistance. Looking for a fail of the 1.17150 area before entering short.
1.7RR Trade
Stop ...
I don't normally trade the NZDUSD but the chart looks very clean we the Pro-Trading System on it. Started to nibble on the short side today. I know the Dollar is playing out a 4th wave retracement and so we should be seeing the NZDUSD pushing higher but, we are I think this could be a good area to enter. Stop placement wouldn't be so far away and the reward would ...
Hello Traders!
This is my first published idea and very basic prediction for next weeks EURUSD currency pair. After playing around with many indicators and getting in a mess I'm now a big fan of keeping it simple. I'm new to the community and trading so any feedback will be greatly appreciated.
My back story:
Im 24 and was working for Bloomberg as a BI analyst ...
Back with another possible three drives pattern on atvi looks to be breaking out of that deep wedge would of liked to of seen a little more volume interest on yesterdays hammer but buying the third drive on atvi has been profitable on a couple of occasions for me so i will look to get involved just above yesterdays high targeting possibly 82-84.
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