Hello everyone, I was a bit worried about NU for a couple of reasons, it kept doing 100% retracements and in my opinion one of the pairs that I really don't trade but this BOS( Break of Structure ) on the weekly tf shows that even if it does another 100% its going to be heading to the downside(bears). I charted some possible areas were we might see the...
Hello Everyone, I see a SELL set up for gold coming up next week, I'm really excited about this trade. If everything lines up everything that I need after that is a bear engulfing candle for a clear entry. Thank you. ALSO if anyone is new to Forex and would like a second set of eyes on your chart please feel free to send me a message, I really would like to...
Eurusd recently touched a very strong resistance on the weekly time frame. Were looking for it to break the trend line pull back then continue to ride the bearish momentum ! To those who keep an eye on this set up cheers !
EUR/CAD has pulled back in an uptrend to a resistance level of 1.5340 which is also a 0.382 fib level We have seen deceleration in price of this pair at this level and are looking for a leg higher. See image for 3;1 risk reward ratio. I will update as we go...
Watching For Pull Back To Zone. Will Be Looking For A Strong Reversal Candle For Short Position.
Watching AUD/USD For A Pull Back Into Resistance Around .75000
Looking For Nice Pull Back To Weekly Downtrend Resistance Line For A Short Position.
Strong level of support looking to see if price can hold this zone
Well, as you can see, the price should be better for entry, but it looks that we are on local resistence so I'm selling this. If you want you can wait for better entry but at this price its still great risk to reward ratio.
In relation to one of my previous ideas posted weeks back
I think there is a reversal coming soon on CAD/CHF - HERE is my ANALYSIS ! Scenario number one is looking for the bounce as price comes to the Trendline second Scenario if price breaks the Trendline we will be heading down to the lower support zones which also represents the all time lows These are strong ares to consider buy setups.
As you can see in the graph, if you divide between 3000 supports and resistance that the bitcoin has, you can see how the price action respects them perfectly(5000,8000,11000,14000,17000,20000). Therefore for this trade I am expecting a small bullish movement towards our resistance on 17,000 and with it bring the price down to 11,000 per bitcoin. The second...
Stay tuned for the post updates below for when I will be entering the market, whether Long or Short. -At the moment price has broken below the Tokyo Stock Exchange range (03:00-09:00 GMT +3) -Price is well below the Daily point of control so we could be seeing a move all the way back to that level and find an opportunity For risk and money management purposes,...
See ascending distribution range above. Weakness in the market is very clear in phase A (heavy sign of weakness in phase D. At time of writing we have just broken the "ice". P&F Count renders a target of 7021. There will also be confluence for support at this range from previous highs.
Open: 512 USD or around 510-515 USD --- Lined up for a bounce at 40 RSI Target: 630 USD (+23%) to 700 USD (+36%) --- 50 to 200 Day Moving Averages Stop: 480 USD (-6%) to 495 USD (-3.5%) --- Note June 12th & 16th Strong Support Risk/Reward: 3.7 to 11 --- Average Risk/Reward = 6 Trade safely!
Prices has formed an Inverse H&S and is now at the POC where it may start accumulating orders for the reversal to the upside. My personal details: Buy Stop @ 1.15645 SL @ 1.1557 (7 pips) TP @ 1.15850 (21 pips) RR = 3 For risk and money management purposes, always determine a max. of 2% risk on every trade. For example on a $50,000 account, this would be...