I have been waiting for this bullish move up for a few days now and it is finally here. We saw it was oversold on the 4 hour and 1 hour. We saw that it didn’t break the trendline I set in place and people took profit if they used the fib Retracment tool. This means if people aren’t selling, the bears lose that momentum they had. Now the bulls are winning. I do...
Here we see a classic buy set up. It has been oversold on the larger time frames. We see that it is also rallying up by breaking my maroon trendline. On top of that we are very bullish considering it created a new higher low. All of this confirms to me we are set to move up and test the resistance line above.
We are seeing this pair follow the trend like clock work. We are either looking for a touch of the white trend line to enter another trade or a break of the maroon trendline. This Is a pair I’m already in. It was overbought and it failed to break resistance. This also perfectly touched the trend line and had a lot of bearish momentum. This will be a 90 pip win if...
This is the second best time to enter for the sell. We had a second beautiful retest of structure. Everything is indicating there will be momentum downwards. It made a lower high and we are on course to go down. It is overbought in most timelines and we should see it hit support before it moves elsewhere.
We are seeing an area of resistance right now and it failed to break. It also made a lower low recently and to confirm the move it also made a lower high. All of this indicates we are in a downtrend. We need to wait for confirmation when price breaks the 50 with momentum or when it breaks the trendline. This will be a 60 pip win if we are successful. Use proper...
We are seeing it test resistance soon. We could see a possible sell if the 4 hour stochastic crosses back over. Right now it is overbought in multiple time frames. We are waiting for confirmation on the 4 hour and to see the break of the trendline that is maroon. I expect it to touch the white resistance line above it and retrace downward to the next support line...
This is an easy decision to sell with all this momentum and buying pressure we are seeing. I expect it to hit 1.37000 but we will take profits a bit earlier. The bulls have lost buying power and now the bears are taking control of the market. Time after time, the bulls failed to push price up and break any of the trend lines I have set in place. But now we got a...
This has been in an uptrend and it finally broke support and retested. It has a lot of momentum with it now. This is the perfect time to get in and ride to the next zone. After it touches or looses momentum we will exit which we expect to see at resistance.
After winning 115 pips last week we are now at my support line which is usually where the magic happens. We are seeing a great test of support. We hit it 3 times so I am preparing for a buy. It may dip lower but like I said I am waiting for a break and retest. This could be a 100 pip win for us. I put a maroon trendline and if it breaks it with a lot of volume or...
This is great news. We are seeing a beautiful retest. It is getting close to support level which means we could see a possible buy entry. I was unsure about this play until I saw us moving back down. Now we wait to see if it’s respected or not. If we get confirmation that this zone is respected I will take a buy position.
After the fall we saw eurusd make, we patiently waited to see what the market would do. Now the stars are aligning for a buy position. We are seeing the drop back to resistance and we wait for the retest to enter. This does not mean it can’t still drop. We are waiting patiently for all confluences to be met before we enter. Perhaps a bullish engulfing. We need...
We smashed the TP within hours. Great momentum here. Right now we are seeing this pair catch it’s breath as it retraces back to support to see if it turns into resistance or not. I see this being a bearish move but because of how strong the move was we could see a strong pullback as well. We need to be careful and wait for a proper retest. For now we wait to see...
We saw a break in my support after we took profit gaining 50 pips. There has been some concerns that it will continue following this bearish parallel channel. Every time it has broke the support it has gone lower. This could be a sign that it may be a good selling position. On the other hand, we see it tested my daily trendline and bounce off it. If it breaks...
This looks like a possible sell entry on eurusd. Right now it is too early to say if it we will open a trade but it looks like it failed to break the hourly trendline. It is now falling back and depending on whether or not it breaks my maroon trendline and the 200 ema it could be the sell entry we are looking for. However, due to there being another trendline it...
Overall market seems to be consolidating between support and resistance. It tested my hourly trend line and failed to break. It last rested my 4 hour trend line and bounced back to its current high. Price failed to make a higher high meaning we could see a possible sale entry soon. We are now consolidating on the 15 minute and I am waiting for the retest of...
I believe it to retest the daily trend line. It has been moving up for the past couple of weeks. We have seen buying pressure when it reaches the current zone of support we are in. It has been oversold and is due for a correction. On the larger time frame it is looking very bullish.
Price has been consolidating between support and resistance for a couple of weeks now. I am taking a short position on this pair. At this point it’s been pretty predictable in its movements so far. Price failed to make a higher high. On the weekly timeline we have reached this resistance level before and it shot down and hasn’t reached this level since February...