Zone to zone order placed 3 pips before the zone Stops 3 pips above zone 23 pip risk v 269 pips
Potential sell setup on GOLD. The only thing to be cautious about is that GOLD is in an uptrend on the daily. The DXY (Dollar Index) is also in consolidation on the Daily so we very well could see GOLD rise.
4h morning star 1h morning star early london momentum still moving up higher time frames always win so need to trust we have triangle formation waiting for break with our long bias from higher tf we get a last kiss on 15m with lots of nice rejection dojis one more push and rejection of down trend line and then a break with the 5m tf also 30m ftr which was a...
Short FX:AUDCAD based on rejection of 1 hour resistance zone and what looks like a possible pull back off the hour hour market structure. Details: Short Entry @ 0.95119 Stop @ 0.95269 (15 Pips) Also have a 15 Pip Trailing Stop Set. Initial Take Profit @ 0.94808 Lot Size: 10k Opening Account Value $165.00 4 Hour 1 Hour 30 Min Just a newbie trader whos...
Hi Team! Welcome to today's update on Ethereum. We've seen some signficant bearish price action in the last few days once we broke the wedge that was forming above the half quarter level of 150. Price dropped to the key support area at 116-120 and although it was respected... We are now seeing similar price action forming at the 125 quarter level. If we compare...
The reason why we believe this pair is bullish Strong weekly zone rejection and Daily strong bullish candle Next week we will be looking for confirmation on this long bias by delving deeper into this and looking for confirmation on the smaller timeframes. We will be looking for a pullback and an engulfing bullish candle to confirm our entry. We will...
chart analysis: Price of the GBPJPY is currently in a downward trend movement. I expect this will change in the longer term period. 3 different zones have been drawn: - The green zone (Target zone) is the price forecast for our profit. - The orange zone (S/R zone) was a zone that had not yet been breached. The price has passed the zone at the...
Price has been ranging sideways between 0.9600 and 0.95700 this shows me that there is potentially a chance price may break lower. There is a fresh Zone at the 0.9300 level which has had one tiny test and bounced from this level. If price shows signs of rejection at this level it could be a good place to get long to the 0.96900 level. If price were to break to...
Having a look a the bigger picture on the 4hr and daily I have closed the Long Trade I had. Looking at the Daily there potentially is a further drop of around 50 pips before we could see price rally up. When price last tested the 109.800 level price had a larger 475 pip move to the upside. This zone was rejected instantly the first time it was tested and due...
Looking at how price has been moving I feel that we could see price push back down towards the last zone at 0.34500 level before we see a potential break higher towards 0.44 There were a lot of sellers at the 0.4 level and since we have already seen a small bounce from 0.35 this area appears to hold some weakness. If there was strong buying sentiment at this...
the USDJPY has made an upward movement in the longer term. This trend started on 26 May 2018 and the price has risen rapidly thereafter. The trend line (blue) was respected several times during this uptrend. Personally, I think that this uptrend will stop in the long term and make way for a downtrend. The price does not make new higher heights anymore and this...
Third touch trend line ABCD pattern looking good Fibo retracement to sweet spot enter if price action rejects at this 618 level Eur is overbought downtrend = shorts
On significant resistance level - FX:USDJPY 40 pips in 4.5 hours Doji and a following Bearish hanging man - could have entered here, little riskier but better RR Also could have entered after the Bearish engulfing / completion of evening star after market has shown you were momentum is going at either entry point, very little draw down . much easier to trade...
Price has rejected the weekly zone with a nice wick, there are a couple of 4hr zones to be mindful of but if price respects the weekly zone could see some higher price this coming week