details on the chart, however here's some explanation: The purpose of the SWA approach is not to name the wave, but to make money out of the next swing of a tradable period. To get a deeper understanding of the approach, that can open a new doors for your trading, please contact. Impulse move (impulse wave), or the move towards the presumed main trend...
According to higher TF analysis (Buy), it could be a good opportunity to trade this emerging pattern approaching to bottom channel. Divergence is present. Waiting for a bar reversal pattern.
Reason to short are described on the chart. Multiple confluences! This is looking like a big move coming ahead and hope you all reap the rewards! Targets are FIB D1 & D2 LEVELS Good luck
Fib 61.80% corresponding to Tenkan Sen was tested but rejected. Next support 0.63936.
We found a bearish setup on the pair 2 weeks ago. Check it out: www.ichimokuforex.com
Check out my previous analysis www.ichimokuforex.com
This pair is in a such strong downtrend. Here's an idea on how to get involved, looking for continuation south. Still too early to take any actions. Just wait and see if price action will play out this ideal setup.
Personally i dont like to short the EURUSD - because of what Draghi says ! But here is the Set Up...
My recomendation for XAUUSD buy little lots UP stop loss 1025
Is in the range zone. *** Wait for more conformation *** Trade save.
Setup reasons 1. support level has been touched and bounced 2. price has left a pin bar to signal a reverse 3. bullish candle show a change in momentum 4. bounce of long term strong trend line
So .... 1.we have a strong trend line acting as RES 2.we had a fake break out 3. price has dropeed after the retest of trendline 4.bearish engulfing on previous 4hr candle 5.daily candle is a bearish hammer
Aud-Cad Buy Setup Formated With Harmonic Also Formated Inverted Hammer On Channel Down Trendline
On a 1H chart we have a bearish chart pattern Price is currently at 61.8% Fibonacci retracement area (Filtered to 1H timeframe) in a relation to previous swing Down Will look for a bearish short term entry setup (based on 1H chart, trade will be left for minutes, but position will be closed in parts and using a trailing technique, will try leave it open for...