CME_MINI:MNQ1!
1. Price reached a major Price area. In Fact, there were 3 Logical Profit Objectives that were hit soon after market open which indicated to me that there was strong support at that area.
2. I entered the buy after price reversed off of that support level.
3. Took profits at one of the Logical Profit Objectives (Fibonacci Exapansion) after...
CME_MINI:MNQ1!
1. At market open, there was a big drop in price with a small retracement, so I used fibonacci expansion levels to determine where I would take profit at and that is where you see me take profits at when it hits that level.
2. We were in a downtrend on the 30Minute and 1Hour Timeframes.
CME_MINI:MNQ1!
1. 5 Minute chart was below 5x5 DMA.
2. Price was approaching COP levels (Fibonacci Expansion Levels)
3. The Orange level is a D-Level (Confluence Level) of a 38.2 & 61.8% Retracement.
- This happens in the direction of a trend. In this case, the Hourly uptrend had a level where the 38.2 & 61.8 both met at the same price which is an indication...
1. Daily: Price hit a Price objective which priced bounced off of. I still believe the double repo is in play from the close 3 days ago.
2. 4Hour: There is a 38.2% retracement level from the previous high (also before a thrust of price down) which price came up to on my take profit at.
3. 1Hour: Stochastic was in a buy mode but overall downtrend on MacD. My...
1. Daily reached an OP level (Logical profit Objective), and also forming an unconfirmed double repo, will confirm if closes below the 3x3 DMA (purple)
2. 4Hour has a forming H&S pattern that is unconfirmed and has a bit of a high right shoulder, and based off of the daily analysis, we were expecting price to come back down to retest the previous Daily Logical...
FX:EURJPY
1. On both the Daily and 1H, we are below the 3x3 DMA (Purple) and the 25x5 DMA (Green)
2. MacD on the Daily is showing an uptrend but on the 1H we are seeing a MacD crossover to return back to the downtrend.
3. For our 2nd indicator we have the detrended price oscillator. I use these for overbought and oversold areas. (Mainly for prices where i...
Looking at EURAUD on the daily chart, we can see that there was a huge move to the upside. Since then, price has been correcting itself back down but not strong at all. Looks like buyers are getting ready as price came down to an area where price continues to get rejected forming many wicks to the downside signaling buying opportunities. Still in an overall...
AUDJPY coming back up to previous resistance that got rejected. On Weekly chart there was a shooting star. Still just looking at the double top on the H4 as well. Next week will tell if the market wants to reverse or continue upwards.
