Please check the chart for entry and stop details. shall there be any updates i will provide them in the thread below. please note that there is detailed technical and fundamental analysis that are incorporated into this trade of which majority are not visible. Cheers
AFTER CATCHING THE 166 PIPS DOWN IT NOW TIME TO CATCH IT BACK UP. WEEKLY KEY LEVEL HOLDING WELL ON 4H CHART.
I entered short right when price hit yearly pivot S1 (and weekly main pivot - confluence!). Stop above yearly pivot S1. Tight. Chaikin AD volume line is in a fine long term bearish downtrend on daily and weekly. Because of that, I dont think the trend will change. What a profitable week we had! Have a nice weekend guys! PS Always watch for action at yearly and...
As mentioned yesterday, we are not out of the woods yet. Currently, the Daily Pivot is working as support followed by the Weekly Pivot in case this fails, which can fairly happen. We are at resistance now accumulating beneath it, which is normal and not worrying me by now. I have marked my bearish levels when I would start to rethink the bigger picture, so far no...
If you check the weekly chart, you will notice that the 1.0000 has been a very strong level over the years. If the bullish trend breaks the 1.0000 it will be strongly going towards the weekly resistance trend line extending the fifth wave and confirming the bigger fifth wave (weekly) I hope my analysis is useful for your next trades Don't forget to hit the like...
GBP/USD 0.13% at an important level that was the last month's and week's high point. Currently, it looks bullish but it could be a fakeout, let's wait and see what's the next move on Thursday. Also, keep an eye on US Dollar Index -0.15% @DXY. Don't just follow this, you may see some other confluence as well, most of the technicals are saying that it's gonna...
On the weekly a nice resting spot for Ford ($F) could be the low of these breakout candles on the Weekly from back in March. Got an eye on it, but nothing serious until this Weekly chart improves.
The WR1 did its job and stopped the rally for now. There was negative divergence whilst butting up against the pivot which I should have spotted yesterday for a short entry. Gap down opening today with choppy action between DS1-S2, however the monthly R1 has also been breached as support. Short from DS1 looking for a larger pullback, as long as Trump stops...
The long trade from the break of the diamond pattern has met its target. This weeks early price action has ground up deeper into the target zone, and is now met with WR1 and DR1 resistance. As per the end of last week, R/R is now firmly in the profit taking area, leaving a runner if desired. QT is due which will time well with a move to lower pivots. However a...
The long trade from the break of the diamond pattern has met its target. This weeks early price action has ground up deeper into the target zone, and is now met with WR1 and DR1 resistance. As per the end of last week, R/R is now firmly in the profit taking area, leaving a runner if desired. QT is due which will time well with a move to lower pivots. However a...
While this week is yet not over it could be worth observing how $SPPI closes out this week as she seems to be making all the right moves to take out this weekly resistance level and continue higher. I'm noticing she has been playing by solid technical moves lately, retesting breakout candle bottoms and tops, going bearish and bullish with good signals, and she...
Pair is at the bottom of a range box. Pending orders for long or short trades. Long TP is 50 sma. Short TP is a Weekly Pivot @ 1.3080
Formation of head and shoulders. Waiting to cross line below. Target Missed weekly pivot or further towards 200 EMA line
As we cans see here on CAD/CHF price is about entering demand zone if so, then prepare to take long, but there could be a possibility that the price will make a new lower low (broke) so wait for confirmation. CAD/CHF Forecast On DailyFx CAD is bearish CHF is neutral
As we can see here on NZD/USD Chart there a lot of possibilities based by support and resistance (weekly strong) so either long (bounce) or short (a breakout), either way just waits for confirmation candle so we can minimize risk safe and happy trading DailyFx= Trend : Up Volitility : 15% News= NZD Bearish USD Netral
Resistance on the weekly and trend line breakout.
About one month we are in 70% of market... We needs new extremums. That why I think about two iportant levels. 1,137 and 1,097. Orders: Buy 1,1177 Buy 1,113 Buy 1,097 Cancel from 1,107 Sell 1,1365
Sell: 1,1265 Buy: 1,116 - open (now) 1,107 1,097 SL 35-45 pp