I have added this pair in my portfolio as I spotted an entry based from my strategy.
What lies ahead with this pair merely depends on what the market will give me.
Ofcourse, I am hoping that the bias will be with me with this pair.
Stay tune for the outcome.
On the chart we can see a rising wedge formed after a downtrend.
We expect that downtrend resumes.
So we look for a break below the support line for short entry.
Target is shown on the chart.
Rejection on higher time frame left a daily triple top into a ranging rectangle pattern with a fake breakout at the high
That is rejected by the daily applied moving averages 50 100 and 200.
And a rejection of a pivot point (red line) back into the range.
Rectangle pattern with measured moves as price goes in and out the range in same direction
Bearish...
As we continue
The necktie rejection = head n shoulder on the weekly
The monthly double top second top mad a double top on the weekly which is also the monthly evening star
We have price trading under the 50ma and 100ma
With rejection of the 200ma as this ma is use for market direction on the higher frames so price just became bearish.
HOW TO TRADE LIKW THEM-
Alright the trade of the ending year 🤷🏾♂️ Maybe not in pip target but in presentation and potential to continue yes.
First let understand this is a newly added pair to forex which means the freshness of the market is ideally a great invest opportunity if we trade like them as the initial market direction is what will be the direction for some time. So after...
So a hiding gem is the bank saxo, where with them you can get the oldest documented digital graph of a pair. This allow us to see where the initial Money was placed..
So we see where the money was added. we see trillions of dollars added and stopped at these two levels so you better believe these are the extremes of the pair
Note he have a peak as a high....
Yes from the pervious post I’d explained what is going on here for free cus I want all to win as it’s enough money to change everyone’s life
Now let’s talk about those entries as entries are the hardest.
So ideally we want to see price go back and touch the high please see the first post but we have to be ready for that move to not take place as well. So the...
Monthly we see a double diamond with respect to a bearish trendline with a rejection.
Price is currently below the necktie thus pass the necktie fake out also fakeout are harder to take place on the higher timeframes..
Note overall the rsi doesn’t show higher highs on the test of the trendline so a bearish cont is in question .But trading the pattern more so is...
As can be seen, the price has been falling for a while. Now, the price entered a platform where the Bollinger Bands also shrunk. So, where would the price go after that?
The Bollinger Bands shows a signal that the price would break out in the near future.
So, what could this big change be?
Let’s take a look at other signals.
First, the MACD is in an upward trend,...
previously went short on this and still am. have 2 positions in this trade at the moment. I was expecting an ABCD patters on the overall picture but realised the inner head and shoulder is also about to play out. looking at charts we see the inner right shoulder forming and also lining up with the left shoulder on supply zones confluent with 61.8% levels where...
www.scmp.com
Apparently, a lot more than what I thought! The news about Chinese families sending their children to study overseas is old news but to the point of driving the property prices in UK, Canada, Australia have both its proponents and opponents view.
As parents, who would not want their children to receive better education and have exposure to a better...
LOOK FOR REVERSAL SIGN IN PRZ-POTENTIAL REVERSAL ZONE
RSI DIVERGENCE + HAMMER CANDLE ARE ONE OF THEM
RSI OVERSOLD LOOKING FOR NORMALIZATION
GARTLEY WITH BETTER ENTRY AT 0,886 AFTER CROSSING 1,27 AB EXT
Hi friends, hope you are all having a good week of trading.
I have seen a good setup here at the lows of the range after a corrective structure, where I expecting a breakout of the corrective structure before the move up. It could retest structure top as resistance turned support before the move up.
Best,
Tom_Killick.
Traders,
Update on trade: Moving extremely well to the upside since I last posted the pair (See related ideas). It's time to take profits here for the time being since the trend is weak.
Previous analysis: The trade is in a nice 3 wave cyclic move since buying at the bottom. There was a nice bullish leg, followed by a corrective bear leg, offering a morning star...
