Changing a trend is not a simple task; it requires significant time and effort. However, the market typically provides us with valuable information in the form of a trend changing pattern before we witness a confirmed shift in the trend. The strength of the existing trend plays a crucial role in determining the duration needed for the trend reversal to...
I am providing an update on the ongoing CADJPY sell trade. All the confirmation levels have aligned in favour of the short position, validating our initial analysis. As anticipated, the price swiftly broke below the 1dh (one-day high) and continued its downward movement, breaching the structure (4). This development confirms the bearish momentum in the...
We have observed a significant development on the daily chart known as a Structural Failure, indicating a potential shift in the trend. The price experienced a notable pullback beginning on Friday, and today, analyzing the daily candles using the 4Bar rule, we have noticed a stronger downward conviction on the 5-minute chart. If the price remains below the 1DH...
Earlier today we saw a trend changing pattern in EURUSD. In light of this move, we are expecting another attempt to break lower. More info in the video. Enjoy
As expected price made a lovely rejection from the bottom of this consolidation zone and break out to the upside showing that we could be in for a longer term trend change. Ill be looking for price to make a pullback from the bullish move and look at catching the continuation leg to the upside. Wait for the best risk reward and follow market structure, price more...
Still waiting for price to provide the best entry on this possible sell off move I'm looking out for on USDCAD. Never forget the overall direction and trading against that can be risky and tricky but can pay off if you play it smart! Good luck everyone
Looking for a longer term daily downside trend, so ill be looking for a better entry point to look at adding some sell positions for another continuation leg to the downside.. If price pushes up above the last high this trade idea is obviously invalid.
Daily Chart: The GBPUSD has been one of my long-term pairs, the Daily chart is still bullish, we have seen the correction of the HH Last Action which retraced very deep. Price again rallied to give us wave one of the WOS. Now the correction is trading at 50%. 4Hr Chart: The trend is up price has retraced nicely with a clean corrective wave down without breaking...
After the downside pressure that we witnessed early on after the market open, the price has made a reversal back above the 1DL,2DL, and 3DL. This is a significant move, and the final confirmation is price trading above the previous momentum low (0.7336) created this morning during the Tokyo session. This is a low-risk trade and if the price remains above the...
Hey Traders so I just noticed that there a 123 top on the Bitcoin chart that has now completed. I think this can be a possible trend change coming if more sellers continue to push the market lower. I am not totally sure the correlation of Bitcoin to other crypto currencies as I am still new to this market. But from what I am reading they are correlated and follow...
We have seen Two completed trend changing patterns in this pair. The last bullish move that happened on the 4HRS Chart has resulted in a downtrend; series of LH'S & LL'S. The rally that is currently going on is an opportunity to sell if price stops at the 61.8% retracement area and also fail to break above 124.44. If we manage to get a sell out of the EURJPY,...
See video for analysis Remember *** Always stick to your own trading strategies and plans
This is a quick update on the Short Position we had on AUDJPY. Price took long to break out of the trading range below the Momentum low of 73.79. We finally had this break this morning. In order for further decline to be seen in the AUDJPY, price must remain below the momentum low and break 73.42 Low. Alternatively a break back above the 73.79 will trigger a...
Major Trend still down, and we have seen participation at 50% retracement of the recent down-move. Price has been trading in range since the 50% was traded. Weakness in Yen yesterday has given this setup a nice boost. We are short below 74.20 Stop Loss @ 74.50 Take profit @ 72.30
Below 109.90 we are short the UJ. We have a clear Series of LL's on the intraday TF from end of last week. What we have witnessed so far this week is only a retracement as long as price stays below 110.02. The Stop Loss is 110.04 T1: 109.42 T2: 109.23 T3: 108.74 Extended Target
Price has completed the DownCycle after a Violation of the Downtrend on Tuesday. We are Long the AUDUSD from 0.6706 using PA as confirmation, other key tools agreed with PA too. Low Risk SL: 0.6698 A break above 0.67777 will confirm a new trend and we should buy the dips only. Enjoy!
Manipulation phase is now over after a lenghty distribution phase. Price has broken the high 1.30129 which has plenty of orders just above it. Additionally, we have previously seen Two completed Structural failures to the downside before the price was manipulated back above the highs in order to trigger the weak sellers stop loss. This trade is now a High...
There are opportunities for CADJPY possibly on higher time frames and on 15 min microtrends.