Price has been moving in a downtrend for the past few weeks and has tested the bearish trend line 3 times with strong rejections each time. However, price is starting to lose momentum in its down trend as price is failing to set new lows and we have just recently had a strong bullish reaction from a key H4 support level. Price has the possibility to reverse and...
Similar to the GA trade I posted yesterday, we've already hit 1 entry point on the D1 50% but I am looking to get a higher entry at 144.000 to mitigate out of the H4 open order for a big swing to the downside
Price is testing a key supply and demand level on the daily timeframe and has been moving correctively in a descending channel for a few weeks now. The market has now tested this area twice recently on the H4 timeframe and is showing signs of holding. If the market holds at this level, we could finally see a swing to the upside, breaking out of the descending...
Price has been moving in a descending channel on the H4 time frame on AUDNZD and has recently made a 3rd test of the lower trendline and has had a strong bullish rejection from it. There is a good possibility that we could now get a swing to the upside and finally see AUDNZD breakout of the channel and see a test of the next key level of resistance above it.
A quick update on Gold and the fourth wave is still in progress. As mentioned in the linked idea, I'm expecting the corrective sequence to continue into December and print a new quarterly low with the Horizontal support level at 1800-1765 providing some confluence.
I will be looking to take swing positions once this low is in as we are likely to get...
We're waiting to go long on USDJPY, yeap! We are expecting a weak, weak YEN!
We are already in a solid profit on XAUUSD long, idea attached to this post. But, lets now focus only on the USDJPY forex pair.
The view is the 4H chart, we have RSI coming in the over sold zone with price strongly heading to the 38.2% fib retracement and its all connected with a...
Original analysis didnt play out, we have seen a deeper retracement into the 78.6 fib level and a structure zone, expect a push higher on this, just be wary its a fridy and this couod be a possible swing.
Expectations are a rise.
Instructions - if trade flat or has not moved by Monday 26th October 3pm BST, take small loss or small profit.
Idea will be updated.
Trade with caution, this is not financial advice.
the EUR/USD has been trending down very short term, staying close to the bottom trend line in the trend channel. I predict it bounces of the lower line and the longer term trend continues, at least till a level of resistance. at 10:14 13/10/20 three has been a bullish hammer candle right at the lower trend line which indicates the buyers are strong and don't want...