we have a nice fail to return here, went on for 65 pips with risking 8 pips SL below ftr candle big bullish explosive moves followed dxy nicely broke through the pivot point coming off wammy double bottom fourth touch on trend line all about that price action
sexy price action break and retest of level (last kiss) morning star on 5m RailRoad Tracks/tweezer bottom on 15m and bullish hammer 30m Eur momentum is up after retracement keep it simple and follow price action target is R2, could also trail stop and see how she goes
Perfect example of ABCD swing through end of NY asia and finish in Later London Entry on C and take it alllllll the way down to D making a new lower low impulsive move down on A retracement of B another move down followed by a moolah double top with a lower high as C and finally the melting and completion of D confluence third touch on trend line
Gap gonna fill Big double top on coming drop ftr 30m confirm momentum bearish rejection of higher level dxy on support and shown rejection
it is what it is, head and shoulders along with sexy 4h price action dojis on long ago resistance level from july 22
To complete the C part of pattern, wait for good price action indication of reversal looks like it will push up to around that C level later today from this mornings NY push could be a great scalp/swing trade also could be a wedge forming
Oil in long term down trend since October, tested and respected the trend line 4h inside bar and hanging man I would expect it to come to 52.2 area and make higher low if starting new trend if not come down to 50.7 area of strong support
Check out 4h, dojis and then 4h bear engulfing closed middle of London Break and retest of pivot point NY pre open and ran away during NY Friday and last day of month * Trap false move pre session beginning NY * * Trap traders long & run away quick short * More important than pivot point is the psychology behind the banks trap move Higher TF keeps everything clear
here is a nice example of a break and retest (last kiss) as well as a fibo retracement lining up right with the support & new resistance double top and neckline retest taking it from zone to zone, from .5 fib retracement resistance zone to the support zone and extension area of -272 another confluence is 14 and 50 ema are under 200ema 32pip profit here if u tp'd at -272
Nice lower highs and lower lows in downward channel if price action suggests, could be nice short in this asian session no news so pure technical trading tonight
Looks like massive head and shoulder almost completed (we are on top of right shoulder), reversal pattern that could be predicting a bear market up coming also in the fib sweet zone of .5-618 thinking it will play around and drop next NY session but we will see what price action tells us
Bullish momentum DXY on second shoulder giving reversal price action signs FTR pattern on 30m 4h momentum is bullish
Multiple entry points on audusd this morning with the fail to return candle stick pattern (highlighted in yellow circle) Nice downward momentum coming off a double top paired with dollar push today
Coming off a Double top late last week, come back up and retest the neckline and continue down trend, short opportunity after candle stick pattern near the neckline of double top during London (but hopefully NY so ill be awake) Reversal Move in London open off R1, could be a good FTR on 15m 30m or 1h off the London momentum during London NY overlap The random Red...
Downtrend, respecting fib levels come up to pivot point in London open false move long and melt down short to ny open, stall at support level, fake out traders long during London NY cross and continue short through NY to close