We are retesting the same zone as on 13th of December. I wasn't quite sure what to do with this pair, but some time passed and information revealed itself. We saw a big bullish pressure at this level on the H8 TF, H1 presented itself as a double bottom and BOS from bearish to bullish. Two important signals at a significant level that give a sense of...
Decided to enlighten you with a rare opportunity of how I look at a LTF. Since I'm mostly using H8 to decide what pair I want to trade, I almost always use H1 to decide when to enter the market. And on this occasion I'm sending my USDCAD H1 Analysis to you. Entry: 1,35039 SL: 1,33247 TP: 1,37524
Coming back after being away since holidays. First pair that popped into my eyes is EU. Daily bounced off of the daily significant resistance on 28th of December back to support where we went into a small bullish channel that was broken on 15th of January. Since buyers can't stay in control it is most likely that the pair will go look for more bullish sentiment...
I sent a bearish signal last week on GBPAUD after I though it's good to sell at significant resistance (it usually is...) when even LTF started making a bearish structure (H1). However, I changed my mind after zooming out to see a bigger picture. HTF showed very little selling pressure, which is why I waited for the BOS on LTF H1 to enter a continuation trade of...
It's been risky selling against JPY lately. However when opportunity comes we have to take it no matter the history of price action. NZDJPY reached significant daily resistance on 11th of January. Price retraced back down and failed to reached previous high on the push up. H8 closed bearish and H1 had a bearish engulfing candle pattern indicating some more sellers...
We saw a big push up (I'm guessing it was from UK inflation news) that stopped at a significant daily resistance and a psychological level of 1.9400. We entered a sell after LTF (H1) had a BOS letting us know some selling sentiment is at this level that could push the price back down.
We are in the upper zone of the range. Overall HTF, especially weekly, is telling us we're going even lower sooner or later. Entered a sell after BOS on the LTF
GBPJPY offers a great entry for longs at this level. It approached a support line from which it bounced three times before and I'm betting it will bounce again. We are still in a range and, looking historically, we are more likely to change directions at support than to break it. That's also the complete thought process of me on why opening this trade. M15 chart...
USDCAD started its journey downwards after it reached daily significant level of resistance around 31st of October, followed by a selloff to a next support zone where it bounced on 6th of November back up, failing to break the resistance and making another high. Since then the price has been in a downtrend. Yesterday the market was finally able to break the...
Does economy work like that? Will I, a European, be richer in Japan if price on EURJPY keeps rising? Or is it like an inflation meaning I will just have to pay more yens' for the same service? ... Anyway, EURJPY broke out of range days ago and finally came back to retest the support. I added a buy after price bounce off of the psychological level of 159.000....
Almost every JPY pair has the same setup as this one - break and retest. I choose this pair as it has the highest positive swap fee, so I'll make an extra dime if the trade works out.
I added a buy position just now after the market made a BNR pattern on LTF indicating of little to no slowing down on its way to test the most outer daily zone in the square on the chart - significant daily resistance - before turning around.
We've been here before and bounced back down. Betting on this same outcome also now after the H1 had a BOS.
We managed to break free from 55 days long consolidation yesterday and today we saw a retracement to the LTF zone where price found support and bounced back up. H8 TF had a bullish engulfing candlestick pattern confirming buyers are in control.
Price broke resistance on 19th of October and went in to a range quickly after that for 15 days before coming back down to retest the psychological level at 0,86500. At the same level price touched smoothed SMA200 on daily and H8 which brought some more buyers in to the game. Since the price is making HH/HL, combined with the BNR pattern I'm convinced we could...
We've been in this huge range for over than a year now, playing table tennis from one side of the range to the other. I'm placing my bet that the game will continue and that sellers will bounce back the price to the buyers somewhere lower in the range. I'm looking at the last three trading days (from 6th - 8th November) as a retracement to the zone after the BOS...
After closing a position in loss 2 weeks ago I'm giving GBPNZD another opportunity. I missed a better entry on 3rd of November after the market did a retest of the double bottom neckline. Now the price made a pullback (better seen on LTF) and following the bullish structure I took the chance to enter the market for 2R position. Market is still telling me it can...
We've been making HH/HL for the last month, ever since the price bounced off of the significant daily support on 4th of October. There's not really much more to say other than that - the market will decide if it wants to continue with the structure or be a prick and stab us in the back. Entry signal was a BNR pattern of the H1 TF at 1,06977. Since the market is...