US30 SIGNAL (SELL after rejection on monthly trendline)TOPDOWN ANALYSIS: Shows Monthly uptrend INTO a BEARISH FLAG PATTERN
ACTION PLAN: 1.) Wait for price to show a break above previous high, then consolidate between monthly bearish flag trend line and show at least one 4h long wick rejection = enter a sell
2.)As soon as market hits a 1:1 risk reward = move stop-loss to breakeven as we might see a consolidation and then a huge move lower (capital preservation is key)
MAGIC IF: 1.)If market does not show rejection for a short position, look for a bearish engulfing candle on a higher time frame (30min, 1h, 4h) and then enter
2.)If market does not consolidate (in anticipation for the next big move) and then push lower, expect a large bullish movement upwards and then a strong exhaustion and retracement
Reasons/ Confluences:
.Clear strong uptrend exhaustion = bearish flag on the Monthly timeframe
.Price has shown strong bullish move therefore the next must be a retracement or consolidation (because the market always moves in HH, LL and LL LH)
.Price is hitting strong Monthly and 4h resistance area
TIPS:
.Stocks are known for whiplash and false breakouts - therefore only take a trade when clear signs indicate an opportunity (in this case a break and retest and possible long wick rejection)
.us30 is known for its volatility, therefore take caution with this pair = do not overleverage/ risk what you cant afford to loose
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EURJPY hit the trendline and rejectedhello traders! BloomFX wishes you a happy and fulfilling New Year!
EURJPY has reached the trend line formed in the last 12 years from which it rejected!
judging by the pattern made in all these years, I expect the pair to keep the downward trend and in the coming weeks to test again the value of 120,900 or even 118,000! however, I will wait for the market to open and enter the sell at the first close for 1 day under 127,000
NOTE: this pair may be influenced in the short term by any news about the vaccine or Brexit!
GREAT ATTENTION: our analyzes have an accuracy of over 80% but due to market manipulations during this period we will avoid putting exact values on SL!
we also recommend avoiding short-term trades during this period because news can appear at any time that can destabilize the market.
and please don't forget ....This is just a trend analysis! Please, give a LIKE if you find this idea useful!*
*This information is not a Financial Advice.
EURGBP SHORTHello traders
EURGBP is under a bit of selling pressure and I believe we might see it go down a bit more.
If we break the 0.898 mark and go down, then the short is more likely. Wait for price return to return to around 0.9 to validate the short. After both requirements have been met, enter a sell.
We might see price going as low as 0.88, however, the path of least resistance is to 0.89 first. Have your take profit targets at 0.89 and probably at 0.88 if price continues going down. Place your stop loss at 0.908.
Like and share this idea if you find it useful. Comment and let me know what you think
Have a nice day traders.
EURJPY SHORTas I told you last week ... "EURJPY has reached the trend line where it has been following for more than 10 years, and we expect a drop to the 121,800 area. If we have a daily close above 127,000 we can expect it to follow its path and close the W formed in the last 2 years. "
As you can see, the pair has rejected the trend line and we expect a decline to the 121,800 area in the next period.
GREAT ATTENTION: our analyzes have an accuracy of over 80% but due to market manipulations during this period we will avoid putting exact values on SL!
we also recommend avoiding short-term trades during this period because news can appear at any time that can destabilize the market.
FREE strategy with 100% success rate! Message me.We can see that price has been bouncing around in a 100 pip range last week ready to make a breakout and a big run in 1 direction or the other. I am favouring more upside move so a bullish outlook for this pairing because my view on DXY this coming week in bearish meaning i think USD will weaken.
I will be looking to enter this trade on the retest of broken resistance as support, not at current price.
If you want to know more just send me a message.
USDCHF SHORTIf last week it went up, as we predicted (see the analysis from November 8),
this week we expect a larger rejection of 100 pips ... and then up again! Stay focused!
This is just a trend analysis! Please, give a LIKE if you find this idea useful!*
*This information is not a Financial Advice.
USDCAD LONGIf last week he made a small correction and then went up, as we predicted (see the analysis from November 8),
this week we expect a wider rise of over 150-200 pips! Stay focused!
This is just a trend analysis! Please, give a LIKE if you find this idea useful!*
*This information is not a Financial Advice.
How can you get RICH by EATING?Eat FORTUNE COOKIES Hahahaha.
No before you rush out to your local Chinese and buy all the fortune cookies... This was just a joke! But i would like egg fried rice, chips and curry sauce please!
You can see how price hit my blue resistance zone perfectly then bears pushed price down 140 pips, and you can see where i am expecting price to be pushed down to, my yellow support zone which is 75 pips away as i am looking for it to hit 123.000.
When price hits 123.000 i will be looking to see how price reacts around that level as a break and retest of this level as resistance would produce more downside moves or a bounce from this support would produce more upside moves. Again you must be patient!
If you have any questions or want to know more about the way i trade then please just message me.
I put my MONEY in the FREEZER today...I needed quick, COLD HARD CASH! Hahaha.
You will get quick cold hard cash with this trade setup! I am looking for it to fall to 1.31000 which is only 18 pips away, from the 1.31000 level i am expecting bulls to take over and push price higher catching a possible 50+ pips.
Come and say HELLO if you are struggling with anything and i will help you.
EURUSD SHORT...SHORT...SHORTEURJPY UP again ...
as we predicted last week that EURUSD continues the decline towards TP2 ... from where we will see if it was just a correction or if a new trend is forming! Stay focused!
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Please, give a LIKE if you find this ideas useful!*