Hi everyone do not enter before bearish setup confirmation.. you need to see the lower low and lower high first some times lower high wont get this close to previous high but is still better to wait smaller profit is better than loss because you didnt have confirmation
UPDATE: Latest reaction suggest acceleration and prices above $60 Pattern confirmation: Rally into short term overbought above $60 Pattern failure: close below $53.50
My details: (1) Entry @ 1.10720 (Buy Limit Order) (2) Stop Loss @ 1.10670 (5 pips) (3) Target @ 1.10850 (13 pips) (4) Risk:Reward = 1:2.60 Stay tuned for the updates. Follow and leave a like if you liked this idea and want to see more! *DISCLAIMER* This post is solely for educational purposes and does not constitute any form of investment / trading advice.
Hi All, BABA on weekly chart shows distinct zones...we had a great rally 2017sh.....then once the previous higher low was breached by lower low, first indication came that the trend will change, and change it did. We got into weeks of sideways markets, with bulls and bears pulling price in their zone. We finally got out of the rectangle channel and got into a...
This i my plan :) Happy trading !!
Price is squeezing and expecting it to break downside, from top of channel
Indicators vs Price action Understanding price action is key in this market, knowing were price is and what are the possible scenarios that may play out is something that comes with time. I understand why people are shorting this pair, but in reality there's no pattern for a short yet. If you go to the HTF (hire time frame) you will see a very clear reversal...
Phase C Completion suggest a quick rally above $57 SETUP: Pattern Confirmation: Rally into short term overbought at above $59 Pattern Failure: Close above $53.50 Trading Minimum Target: $51 count line + (25 boxes* 1 reversal * 0.5 box size)=$63.50 Campaign Minimum Target: $51.50 count line + (48 boxes * 1 Reversal * 0.5 box size)= $75.50 Happy Trading!
Welcome to our weekly trade setup ( USDCAD )! - 1 HOUR Bullish pullbacks been slowing down end of last week. 4 HOUR Small pullback done, looking for another bearish wave now. DAILY Overall very bearish market with great short entries. - FOREX SETUP SELL USDCAD 1ST ENTRY @ 1.31450 2ND ENTRY @ 1.31720 (wait for trigger) SL @ 1.32180 TP @ 1.30610 RR: 1.1 /...
Price at mayor support level, waiting fir a possible retest to the 099200 price area. After that price may drop to 0.97000 price area
Price is currently losing momentum in its tight, bullish trend (forming a bull shooting star candle) that completes the final triangle for our inverse head and shoulder pattern. Multiple wicks have rejected the neckline, including the current bull candlestick. This suggests bulls are losing momentum and bears are slowly taking control. However, if bulls break...
USDZAR SHORT SHORTING FROM 15.08 TP 1 1000PIPS TP 2 5600PIPS To get involved with mentorship or get more trade ideas; contact me. Instagram @VARGOSCAPITAL
Potential future moves. We sit neutral without a confirmation on either moves. 1. Price will continue its bullish run since completing our double bottom pattern... and run from the neckline (CMP) to our resistance line that has multiple wick rejections. Keep in mind, price may consolidate a little at our current area before price action shows us who is in...
EUR/USD made a ABC correction which turned a little bit bigger than previously thought however setup ist still in tact like analyzed before and ABC correction with looks like to playing out as bullflag could now be finished with the bigger direction resuming.
FOREXCOM:CHN50 showing bearish divergence where Price makes a new high and RSI fails to make a new high Open short position given the specs on the chart If you like, please share a thumbs up and your thoughts Cheers
Price has rejected a recent swing high - creating a double top. Price action showing all signs for a short (sell). Loss of momentum, double top, reversal price action patterns etc! Analysis is supported across multiple time frames.