CHFJPY Short Direction: - The pair retested Source at the H4 OB (OrderBlock). - Reversal expected as liquidity was trapped at the Source. - At last level of Bullish Cycle. Entry: - M ( Double Top ) Pattern Formation on the M15 & H1. - Divergence occurred on the H1. - RSI crossed volatility bands (Shark-fin). - RSI above 68, indicating pair was overbought. - Pair...
EURGBP Short Direction: - Approached the last level of a Bullish Cycle, so M (Double Top) formation pattern (or similar pattern that holds and indicates a high) expected to appear before reversing into a Bearish Cycle. Entry: - M (Double Top) formation pattern appeared. - Second leg of M formation crossed the 13 EMA, confirming the pair was going to drop. -...
USDJPY Long - Direction: In a Bullish Cycle on the H1, showing Bullish Momentum in Level 2 of the cycle. Entry: Pins and bounce off the 800 EMA indicated a possible low and after the low was held for over an hour, a W pattern formed, enticing me to enter. In addition, a shark-fin was seen indicating it was going to rise. SL 15 pips below Trade Open (7 pips below...
CURRENCYCOM:OIL_CRUDE Looking at this chart, we are about to do a move. But where? up or down? According to TDIGM indicator we are squeezing and all 3 lines are at the same place, touching eachother (insert creepy smile gif here). Normally, that indicates a breakout. Counting with Elliot waves I would say down, but maybe i'm wrong and i'm not seeing other...
The dollar index has broken medium term trend lines to the downside. Case for short term upside: 1. It is current EXTREMELY oversold on the RSI. 2. It has fallen far below its 50 day moving average. 3. TD Indicator is on a perfected 8 of 9 with the 8 daily candle being a big one. Potential capitulation here for a turnaround tomorrow on the TD 9. This...
EVENING!! AUDNZD Divergence in trend! as we are in a down trend TDI stating that price is up when price is down! green line red line crossed! I am in sells
This is very divergent and will short. However, if you were so lucky that it broke the high again, sell it off the 61.80 level of RSI, that would most likely be exact entry. You could have sold it off the trend line but if you want better explanation, watch the very end of the Truth About Forex Video. Just click my youtube link for PIPDR.
Nice little pull back and bounce off pivot towards S1.
We look for a TDI breakout before entering as it could still fall further to double bottom but there is some nice resistance here.
Hi Guys, Hope its been a good day of trading plenty of opportunities. This one is nice if it bounces off of daily pivot towards a previous low. It could fall even further down wards S1
Hi guys, a nice retracement here as it bounces off R2 here. Be careful as always when taking a trade after a big rise. But with proper risk management profit can be made
If you are gonna trade these, watch this short video.
Broken through previous support and looking to re-test. MA Cross confirmed short with an overbought TDI baseline and a longer term look to further downside
Following the 200 EMA here guys with a nice pull back then a longer term bearish trade. Once it breaks through pivot I would take the short until S1
Hi Guys, bearish in the pound today. A nice bollinger band breakout to the down side. We look for it to breakout to the downside towards pivot.
We see a bounce of S2 towards previous low and daily pivot. Be careful due to the big uptick but still I believe profit to be made.
A breakout to the downside with confirmation on the MA Cross and sentiment change. TDI Baseline starting to decrease from an over bought position. Also looking like a double top on H1.
We see a nice trend line occurring here we need to see if it respects S1 and the underlying trend before jump in the long position or the short. but a nice set up nether the less.