Crude Oil D1 Setup Wait For Retest and continue falling we recomend Sell From Selling Zone . we expecting big sell
We created nice squeeze which can mean that is time for the second touch of the bullish channel. Price should continue the move from September 2018, Current situation is price resting-buyers taking profits and other buyers jumping in. Also, I can see a lot of wicks on support zones which only means that buyers are taking off. For this moment I want to see a nice...
I am looking at a possible potential for a sell on FX:EURUSD on the Daily Timeframe If trade goes as planned, I am expecting price to fail once again under the yellow 200 EMA to enter the Sell around our entry at 1.14000 D point on Harmonic pattern is located at entry. It's possible that our entry could come sooner. Keep an eye out for wicks starting to form...
Last week we posted the triangle pattern before the upside movement! Link on related ideas. 4H CHART EXPLANATION: Price broke the triangle pattern upside, so we can expect a bullish movement towards the Resistance Zone at 360. Anyway, there may be some corrective movements on the way, so if you trade it, you should place your stop loss in a safe place to...
1H CHART EXPLANATION: We observe that price is making a potential Head and Shoulders pattern. Anyway, at this moment it is facing the Ascending Trendline, so we will wait it to be broken to take short positions towards the neckline (support zone) and if the support zone is broken, then wait for a pullback to enter again. 4H CHART:
The FTSE100 appears as though it is forming a simple bearish flag formation. I would be a little cautious on looking at this as a Head and Shoulders formation, however it does look like we could be forming that as well. (leave a comment below letting me know what you think) The move to the downside would be a measured move from the first leg down which was...
Should Eur/Aud hit the 20/50ma's on 4hr (162.00 level), I think that would be a nice place to grab a 10 pip sell scalp.
There is a formation of a bearish trend with at least 3 bearish touch. Also, there is a moving average confirmation of the trend as well as a retest of the trend line after breakup
4H CHART EXPLANATION: In 4H timeframe, we observe that price tried to break and consolidate above the Ascending Wedge, but it couldn't. After that price formed a flag corrective pattern below the support zone, did a pullback and now the pattern has been broke downwards. We are taking short positions here towards the bottom of the Wedge Pattern. Our stop loss is...
Last week we have posted this chart before correcting. You can check it on related ideas. 4H CHART EXPLANATION: As we can observe, price broke the Daily descending trendline, the Wedge Pattern and the Resistance Zone with a strong upside movement. Now it is facing the Resistance Zone at 250 and making a corrective structure to continue the bullish movment. We...
1H CHART EXPLANATION: Here are both short and long scenarios that we explained on the 4H chart. Of course this forecast is not perfect but it is the idea, in the case of the long trade we will wait to the Descending Channel to be broken, and then a correction to take long positions. And the short trade, we will wait to the Support Zone to be broken and then a...
1H CHART EXPLANATION: As we explained on the 4H timeframe, price is now on a corrective structure of the previous upside movement. We can observe that is on a Triangle Pattern, so we will wait for a breakout to take long positions towards the next Resistance Zone. 4H CHART: *Please note that the above perspective is our view on the market, we do not...
Price will rise since now, or if it breaks the Daily Support line will get to touch the Uptrend Weekly Line and so it'll rise to Fibonacci Levels.
SMP TRADING SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Chart time frame - H4 Timeframe - 4-12 Hrs Actions on - A – Activating Event Market will meet resistance in zone @108.93 - .... and fall to the 108.5. In order to enter, the pair MUST be in line with my Entry Procedure.... B – Beliefs Market move towards the first Target 1 level @...
NZDCAD is at a major support zone. We could see a reversal back to the trendline. This is a setup with a nice risk reward ratio. Also we have a bullish RSI divergence.
It is hard to get a good short after a parabolic advance. I believe this is a great opportunity for a trade.
Some gann boxes for you people.. going lower then high bounce potential.. enjoy!! Cheers, Keops
USDCHF SELL set up - Market has rejected off 4hr resistance multiple times. Trade is a sell down to support trend line.