Price could continue up as we can se the price print bullish candles in the higher intraday levels. Placing my stops as shown. Lets see how this one goes.
-This pattern formation so often leads to a sell trade. -Will place my stops and target level in the places shown in the diagram and anticipate market movement. -Let's see how it goes.
-You can see our major zones there on the chart. -There is a lot of imbalance in the market with retail sellers being the majority at highs of 89% -We have our major support of price standing at 1.07100 and bit of an issue at 1.09306 with price resisting upward movent. -Ill be looking for buy signals on price hitting my trendline as shown. However, if price...
Targeting 1.07300s. -Resistance at 1.08200. -If resistance holds,am selling down to 1.07300s
-Here you can see the ranges within where EUSUSD is trading. -If we consider the 2nd leg to be a mirror of the 1st leg, we could bet that 1.05200 support will hold. -Another assumption is that the general trend wants to continue up so the zone 1.05200 won't break. -Our 3M analysis says here- that we formed a big shadow end of December 2022 quarter. -It also...
Good morning, Its been a great year and the year 2023 looks blessed. -We can see a bullish engulfing candle, a buy signal for the next 3 months Happy trading come next year.
See, price has hit 1.09200 resistance zone. -This as you know this is the time to wait. A lot of traders will be selling this pair but before you sell, look at the market sentiments. You wanna buy when the retail traders are selling. -I believe this pair is going to go up. 11% percent of the traders buying is where we look for the buy signals. -Enjoy this good trade.
Support at 1.08391 Resistance/Tp1 at 1.0870 Take profit target 1.08958
Well i can see price has retraced but close to the high/ resistance. -We have found support at around 1.08177. -I think of the pattern as a bear trap for price to shoot up. Placing my stop at 1.08166 and tp 1at 1.08475. -We can also see that a large number of retail traders are short; Retail traders are known to be countertrading most of the time. -lets see...
-Higher high than the previous candle's high -lower low than the previous candle's low -Printed on a support zone -Candle has the widest range of the last 15 candles -Stop on the other side of the candle - 1.08143 -Take profit next zone at 1.09000
-Support created at 1.08069. -There is a zone at 1.08069 -Candle closed bullish with a high higher than the previous 4 candles. -See how it goes.
-Support has been created at 1.07775 area -Expect price to go higher to target level 1.08250 area -Stop loss placed a few pips below the zone.
-Resistance has been broken here -Place a buy stop below the low. -Stop loss above the high of the previous candle -Taking profit at the nearest level
-Short scalp here. -You can see a small kangaroo tail has formed there. -What do we see here? -That the body of the kangaroo is within the upper 1/3rd of the candle. -long tail & a huge space to the left. -The candle nxt it broke above its high. - Place buy stops and tp in the next zone. -Stop loss below the low of the kangaroo tail.
-22nd of March 2023. -I want to believe EURUSD is in an uptrend but looking at the chart and seeing the huge space to the left i think price has gone too far up and we could see it drop sharply -Eurusd could be in a strong resistance zone and we could see it drop sharply. -I dont know, will be placing my sell stop at 1.07550 and wait for price to come...
-EURUSD has just printed a bearish kangaroo tail on the 4H close. -The next candle has also broken the low of the kangaroo tail and i would anticipate price to drop down to the next zone, maybe at 1.08000. -Notice how the kangaroo tail has a huge space to the left. -Placing my stops a few pips above the high of the kangaroo tail -Lets see how this one goes.
Ok, here we go. -What time are we in? London Open. -We have a small liquidity candle on the 30m tf that was engulfed by a strong bullish candle. -Placing my stop a few pips below the liquidity candle and riding my trade to the next level. -Enjoy.
-Trading can be daunting sometimes especially when you are a newbie. However, when you spend enough time in the markets, its easy to see recurring patterns and anticipate them effectively. Maybe profit from them consistently. -An example of such is the observed i made from EURUSD like in the chart above. -Notice how price is usually ranging as though creating...