About meIndependant Trader focusing on market structure analysis, advanced pattern recognition and Fibonacci ratios to identify high probability trading opportunities and seeking liquidity zones to enter with strong momentum.
Nice opportunity to Watch for a Bearish BAT PATTERN.
Note the confluence with
- The retest of a previous resistance area
- The bearish trendline
- The RSI entering its extended area
- The round number at 1.06'ish
Happy trading !
Area to watch with a potential breakout sell opportunity with two possibilities:
- Breakout move straight to the target area or
- A pullback to retest the previous trend line and thus having a better sell price filled before the move to the buy back at the target area.
This is one of my favorite set-up (Daily timeframe).
The market has taken the stops (looking left) with a strong and massive bearish impulse move putting the price far away from the "mean" (10 & 20 moving averages), where I noticed that the market is likely to come back and retest the moving averages (attract like a magnet).
Two great conditions for a ...
Here is a nice opportunity to go long, as we can see the market has taken previous lows with evident rejections.
I am waiting patiently for a pullback to get long targeting next big structure @1.0020's
Keep it simple and happy trading !
Nice area to watch for a potential bearish opportunity where the price has entered a supply zone. The price is testing the highs with the RSI showing a bearish divergence.
The price will probably range before deciding to move (up or down).
Here is a nice area to watch with a nice Bat Pattern forming on the 4H Timeframe aligning with the supply zone area and the RSI overbought.
3 conditions that increase my probability of a wining trade.
Keep it simple and happy trading
Nice area to watch for a bearish Gartley pattern with downtrend bias.
The price is retesting the downtrend line with a Gartley pattern confluence. Different targets with the one extended to the demand area (red box).
The RSI has entered the extended area.