From my analysis, BTCUSD is about to make history. This Fall will be very historic (...I think).
Watch out and trade carefully.
This is not a signal, just an idea.
PPPDirhams.
Disclaimer: This is just my idea. Am not liable for the end results if adapted by anyone. Trade cautiously as there are chances that you will lose your investment..
I have had a couple of losing trades from this pair this week. Will the bulls win now???
That was not a question because am already opening positions from the current level with a good SL, just enough room to play around if price suddenly becomes choppy.
FX:GBPUSD
PPPDirhams.
Disclaimer: This is just my idea. Am not liable for the end results if adapted by...
Yes, i think it is.
Price is heading to retest the upper bounds of our channel/ breakout level hence we have to consider about 800+ pips SL with a very nice RRR (1:3+)
The question is am i willing to risk 800+pips for such a return?
ME: YES!
PPPDirhams.
i]
Disclaimer: This is just my idea. Am not liable for the end results if adapted by anyone. Trade...
Price made a huge bearish impulse, then is now consolidating within a HTF expanding triangle.
Current price is moving correctively within a ascending channel to previous highs. Within that LTF ascending channel we have more ascending structure forming.
I would like to see price touch the expanding structure for a 3rd touch & show bearish continuation to the downside.
We have 2 advanced pattern formation here on the GBPJPY the smaller one is a bearish cypher pattern which has already hit the completion point & is consolidating within the reversal zone & the second is a potential bearish bat pattern that would complete if the market moves higher.
Akil
AUDUSD Long Idea
All time frames above the daily are very bearish
On the daily time frame we have seen a bit of a bullish trend which is likely a higher time frame retracement. Last week price action broke back into this range and is looking to reach the next resistance level around 0.70300
Ideally we want to see a test of support, 38.2% level, and bullish...
DXY Long Idea
Overall higher time-frame analysis shows a moderately strong bullish trend
Current price action has bounced near the bottom of this channel after forming a clear double bottom and breaking toward the upside after a swift retest
DXY will most likely try to test the monthly resistance zone again near 100.000 in the short term
Price reaction near...
OMXS30 continues to be bullish and are looking to face two resistance levels ahead.
First one is at the level of "X" in the pattern, wich is strong nut we Do see some tests just above lining up with the top of the Sharks PRZ.
Expected reaction from the Shark is a 38.2% Fib, but often we can see a pullback down to 50% where w, in that case, have a 5-0 pattern...
If we start by looking at the underlying trend we are on a daily basis in a bullish trend BUT we may have a "Bearish reversal" - that is, a turn is in progress.
It is not yet confirmed there though. At the current time resolution (1h) we do have a confirmed.
Both of these tell me I should be careful about taking extended goals and also handling my trades...
In a fast move this Bat pattern became complete while I was drawing it. :)
I only await confirmation to take a trade.
SL at the appropriate ATR or Fib level above X.
Targets: 38.2 and 61.8.
However, I recommend that you be careful before entering this trade when the bar that made the pattern complete was very "strong".
This usually indicates that a continued...
We have not really passed the B point for what appears to be a Gartley pattern of USDNOK yet but, close enough.
Looking at higher timeframes, we are more or less in a consolidation, no real trend to talk about.
Awaiting test of PRZ and then confirmation of reversal.
We see a retracement up on Gold (XAUUSD) and the B point of the potential Bat pattern is passed - which makes the pattern "live".
If we look at, for example, a Daily timeframe (which may be too high timeframe to coincide with a trade on the 30min timeframe, but ...) it is in a down movement right now where the price just closed below a triangle preceded by a...
Duplicate patterns are in progress in NZDJPY 1h timeframe.
Looking at 4h timeframe, we see that we have a slight upward trend, although daily shows something else.
So little caution and possibly even further confirmation may be desirable.
The Gartley pattern is the first to be complete and therefore traded upon given confirmations after tested PRZ.
Should the...
This is an example of a trade with aggressive entry on an ascending triangle.
Trend is up and this technique takes both that and the psychology of the pattern into consideration.
SL just below structure and targets up in higher TF structures.
Great R:R but keep in mind that this IS an aggressive entry. Alot of traders, including myself, would like to get more...
Bat patterns with good ratios and momentum down to the D point.
GBPUSD is In a downtrend, looking at Daily Time Frame, so we use a tight SL and realistic price targets, since most likely only a pullback is to wait.
We also have a strong daily support level just below PRZ, which means I'm expect price movements down there before we see a turn.
In other words, PRZ...
