Neutral? Yes neutral, and the reason why is quite simple. Follow me: So as we can see, price has tried (and succeeded) in breaking below the support we are currently faced with, however, buyers were strong enough to push price back up above the said level. Now what im waiting on is for price action to give me more clues about the pair's next move. Id be more...
Ok while im day trading i notice gbpusd is approaching a fairly major support level. Im waiting for either a bounce on this support to catch a little reversal action, or see the price break and retest the level to convert it to a resistance level. Im more in favor of a reversal since we have dropped a long way in price and theres a lot of built up liquidity on...
Ok so from what I am seeing, it looks as we will be going short for the beginning of the week. Ill explain below: as we saw last week, gbp tested the upper resistance multiple times and has gotten rejected each of those times. For a short position, i need to see gbp hit the top resistance once more and get rejected, obviously waiting for confirmations from the...
Ok so gbp was acting up today not gonna lie, but thats ok ,we gonna make our pips regardless. My idea is more on the long side although i have a set up for either side; heres why: ] - Had a massive push upwards this morning - Price is being supported at the lower level i have marked - Price has been stubborn to go down today, yet...
Alrighty, on today's episode of fastboii trades LOL, no seriously, before i go to sleep to take a stupid exam in the morning heres my ideas for GU. So as of now, we have been hovering at this little liquidity zone if you will, and it looks as if now it will see a drop. That being said, i may take this sell before i go to bed just to the target marked on my screen....
Ok, so my next trading session is NY session, in the meantime, im going to state my prediction for the market in the next morning session. So basically, i have 2 predictions as of now. The more likely one (in purple) i think is more plausible because of the lower volume from this time until maybe 7 am. However, the arrows in red are likely IF theres enough volume...
From what im seeing on eur usd, its possible for a restest of the lower level at 1.18350 before continuling upwards to my target at 1.18650~ Currently going to wait on market sentiment for final thoughts but im more on the long side until the 650 zone has been filled. If you guys like the idea and i may post more frequently 🙂
So, eur/usd has been quite a fool today, although profits were made, anyways, im assuming from the price hitting this top zone marked in my chart, u can see an untested candle just to the left on the hourly chart. Im expecting a drop from this high, placing a stop wherever your risk is comfortable above the resistance level, targeting all the way to the bottom...
As we see here, this pair has broken a major trend line. I usually keep my charts clean to be able to see these sorts of setups, but anyways, we can expect either a full drop to a major support level or a retracement to the broken trend line then a drop. My first profit target is graphed already, currently waiting to see the momentum of price. Use larger time...
From what i am seeing on the chart currently, this pair has hit a semi-major resistance, that being said im looking to short this pair w a scalping strategy. I am currently waiting for a break on the downside below the lowest consolidation level and when price retests said level that is a go ahead for me to enter the trade. If the trade happens to bounce on the...
According to my observations, it is evident that this pair is hitting a strong resistance point. That being said, i am waiting for the break of the lower level of consolidation zone. Once i see there is a break/ retest of said level, i will enter while placing a stop at the top of the consolidation zone. If prcice breaks the upper consolidation for a continued...
As far as this pair goes, i believe it is going to be dropping in price soon. According to my own analysis, price is hitting a strong resistance at 1.0860 - 900. That being said, im waiting for a confirmation on 5M and 1M charts respectively such as an inverted hammer. Once i see price can drop past 1.08670 and not push back up, it would indicate to me to enter....
My first idea LOL, I believe the pair will find enough strength for a buy since it is approaching/ touching a major support level of 1.08360 more or less. Currently waiting for price action at this level to see if it will break. If the price bounces, my target for a long order is at 1.08750. If price has enough selling power to fall below the support AND test the...