Levels to watch for micro corrections. Currently have a .236 wick. .318 and .5 congruous with next areas of demand if support does not hold. Key entry levels to watch in yellow horizontal lines. RSI may reject MA (White Circle). Keep an eye on this structure. NFA Do your own DD. Come to your own conclusions.
GBPJPY created a bullish chanhe of character ( Choch ) I'm actually waiting fot price to sell into the Demand zone left behind before the change of character for mitigation . I'll be looking forward to buy from there. price also just gave us an opportunity to sell into the demand zone before we finally buy. follow for more analysis. Stefan FX...
Just pumping out charts looking for something new, trying to provide long term and short term outlooks.
We must remember on a timeframe this low many chart patterns will end up being fakeouts but one or both of these could very easily trigger. Wise to eb prepared for a fakeout as well though since its on such a small timeframe. *not financial advice*
waiting for confirmation to see how it plays out. Be aware of how the daily candle closes.
After an insane 1 day candle that pumped its way above every resistance on the chart except 2 but then ultimately couldn't stay above the always magical 61.80% fibonacci retracement level at 13600, we witnessed price action plummet a whopping 10% to the 11.6k range in under a minute and then quickly jump its way back to the 13k range liquidating shorts and longs...
Cheers to XPCollector7 for spotting this smaller time frame ihs on xrp before priceaction had even reached the peak of the head. I just noticed there was also this one as well on BTCUSD. time frame works well on both 3 minute and 1 hour chart on this pattern. The volume profile on this one is as textbook as they get...so it all looks pretty bullish with the...
the 78% comes up a bit short once again, but as I trade to structure I have set my entry level a couple of pips higher (to an 88.6%). Overall maintaining a higher timeframe bearish sentiment on JPY pairs
the current level in which the bar sits is a perfect 61.8 off of the top. If it hits 88.6% (blue line above) I will consider it invalidated. If we can get a push down into the 1.27 extension from here a bullish Gartley will have completed :) Cheers, and happy trading! -John, J1TFX
There is a higher probabilty for a trend continuation than a breakout. Wait two to three more candles then go for it. Keep in mind: Cut your losses quickly!
This setup often tends to return to the original support line and from there to a downward trend.
GBPUSD 30min Chart shows a Dip Sell Signal. Good Setup for potential shorting.
Bearish Crab at 1.2500 level, B at 50.0 and C point at 88.6. PRZ at 1.618 of XA.
EURUSD has completed a Bullish Bat pattern on the 30 minute timeframe. I will wait for a candle to close above the red line before entering. RSI recently over-sold. Bollinger band squeeze. SL set below previous lows. TP1 set at 38.2%. TP2 set at 61.8% Fibonacci retracement level.
Although I do not have access to a Market Profile indicator on TradingView , I've shaded in the areas (on a 30 minute bar chart) where I see two separate distributions from Friday's double distribution trend day selloff. If the market opens Monday in the lower distribution, I would look to enter a day trade short if price rallies to the high of this balance and...