HELLO ALL THIS IS MY ANALYSIS BASED ON PURE PRICE ACTION ON EURUSD AND THIS IS HIGH PROBABILITY TRADE WITH RISK REWARD 1:2 . SO MUST TAKE THIS TRADE …. HOW TO TAKE THIS TRADE? ONLY TAKE ENTRY ON THE RESISTANCE ZONE MARKED ABOVE AND TAKE ENTRY ONLY WHEN YOU GET ANY GOOD REVERAL CANDLE LIKE EVENING STAR , ENGULFING CANDLE OR PINBAR … SL IS RED LINE MARKED...
I know not a lot of people normally analyse the dollar index, my broker does not support it but can still analyse this. MONTHLY CHART On the monthly chart biggest dollar weakness seems to be over. The facts: -Price dropped of like a year ago, broke lows, so created a downtrend. Price recently tried to break highs to go bullish again but looks like it...
I'm expecting buying pressure to be present as soon as price retraces back to our previous resistance,I see a confluence of an AB=CD move terminating at 1.5800 with a 1.272 fib extension and a 0.618 retracement exactly at that level.
As we are looking for GBP to continue to gain strength we can determine we may see FTSE100 fall. Correlation shows the stronger GBP gets the more likely they FTSE100 is to go short. Looking for short opportunities into the key level and 1.618 golden fib ratio of 7190-7200 before looking for a long position.
it explained in the chart.. just an example how to trade.:!
1 minute ago This is my first post and I will like everyone reading it to maintain an open mind as I will be analysing the GBPUSD 0.03% chart based on current price action. Later I will discuss my trading strategy (and a bit about my 11years trading background) which should be easy to follow and do not hesitate to ask questions in case you felt I left certain...
Hi guys, i want to bring your attention to this situation on CADJPY. Here we are on the 4hr chart but i usually start my top down analysis from the daily. On the daily i've outlined with the black line the structure level where price is sitting right now. This is the first thing i look for to create a case for entry. Also, in the dialy timeframe price has recently...
I belive Eurusd is going to head back into the 1.14586 area to retest a key support level. Currently price is in no mans land. Once price reaches the key resistance level drawn in, we will be looking to sell it off to our first take profit level of 1.09456. So for now this trade is going to require a lot of patience, as we will not be looking to do anything with...
-weekly ascending channel -weekly higher low made -weekly counter trend line broken -4hr ascending channel -4hr fib found support at 61.80% level however there is a chance of further retracement before going long -4hr target 1 - 127.20%. -4hr target 2 looks very likely as it has confluences with upper channel boundary to make new higher high.
Here on the AUDCAD we have what i see as a good opportunity to hop on what i am hoping to be a reversal or just a brief retracement from our bearish move on the higher time frame. I did alot of different analysis in order to get involved in this trade, so instead of typing it here i have decided to do a video tutorial on the analysis i did for the trade on my...
So have been looking at other possible ways this pair could move. Now if we look at the Monthly Chart we have had our Double Bottom and impulse leg up and a start of a retracement. And will be looking for the 618 retracement to get long. This idea is all speculation but just a look at a possible path to how we might get there. So from the 4 hr chart we have...