One more pump up til we hit MAJOR MAJOR RESISTANCE... BE CAREFUL AT 10k-10.2k
Sticking to my previous Bias of AUDCAD short, due to the strength in CAD. Scaling into the Hourly TimeFrame, Waiting patiently for a break and re-test of the support level (derived from a weekly chart) Looking to get at least 1: 2 or 1: 3 R/R ratio on this move.
hello traders wish you have a good day in your real life... it s a good setup for breaking down however im waiting for more information.its a 50 50 possibility either it goes up or down , if moving averages passes the box it could be a good sign of setting up a daily short trade ! let me know your ideas in the comment that ll be helpful ... have a green portfolio...
The USDCAD has been stuck within a box on the Daily chart... It then broke below the range on and now trending down on the hourly chart Had a couple of days of move down and now a couple of days of RANGE tight... sideways Chances are it might break out into WAVE 5 down... Lets Find out... warning: it's Friday so it might not breakout or if it does there...
The USD/CAD has formed a 3-4 Setup One Short on the Hourly Chart On the Daily, we can see its stuck within a tight range That range is the Wave 4 of the D1. It's a Wave 4 within Bullish formation. So the breakout of the highs of the range will leave to Wave 5 Meanwhile, price is hovering near the Lows of the Range. Drop the H1 chart and you find a Setup 1...
FOREXCOM:GBPAUD NOTE: (MARKET IS REACTIVE AND NOTE PREDICTIVE) (LIKE AND COMMENT BELOW TO SHARE IDEAS TO SUPPORT ) From a daily perspective we can see price has been ranging. A possible bearish rectangle is in formation which has happened for days notwithstanding the downward movements on 4 hour timeframe. In this type of scenario, price is expected to make a...
FOREXCOM:GBPUSD Note: (MARKET IS REACTIVE AND NOT PREDICIVE) From a daily perpective, price has clearly broken the support zone and has created a an impulse to the downside . After an impulse we expect a correction otherwise known as a retracement. Since market price moves in waves, Price can retest the box before making another impulse to the downside. ...
FOREXCOM:USDCAD NOTE: (MARKET IS REACTIVE AND NOTE PREDICTIVE) (LIKE AND COMMENT BELOW TO SHARE IDEAS TO SUPPORT ) From a daily perspective we can see price has been ranging. A possible bullish flag is in formation taking on short impulse and correction moves. In this type of scenario, price is expected to make an explosive move to the direction its coming...
This trade is going to be the start of my paper trading account. Ive been watching charts for a few years now and its about time I get some "real" trades on. I will be making videos with the TradingView platform tracking the progress of a small account for a few months follow along if youd like.
Ichimoku is showing further strong sell signals on the hourly chart - TK cross below the Kumo, Chikou-Span below price, and the future cloud wide and red. My next target is the 200 MA, where it will possibly find support. Not advice. Good luck to you all.
Hey all, As we can see the contago play is off and be aware that the street is always smarter than me and you and the good Q1&Q2 were already baked in the price. Oil production has been reduced a lot therefore it's price has found a balance over the last week. As more people return from lockdown demand will slightly rise but still with so big production cut i...
This is a full breakdown of my perception of price action on higher time frames! I take my entries using smaller time frame confirmation and you should, too. If you have any questions about this trade or my strategies feel free to ask them in the comment section below! Let’s make some money together!
This is a full breakdown of my perception of price action on higher time frames! I take my entries using smaller time frame confirmation and you should, too. If you have any questions about this trade or my strategies feel free to ask them in the comment section below! Let’s make some money together!
Quick scalp before the US market opens at 14:00 GMT. We saw a good consolidation on the hourly box around 77.30-77.6 range. We entered at 77.50 on a good rejection wick which formed. CAD is a commodity based currency so with that the being said against a safehaven asset like the Yen we saw a good opportunity to keep the long going upto the supply zone at 78.1...
On the daily time frame on EURUSD, price looked like it wants to downtrend. So on the one hour time frame, I was looking for selling opportunities. thus on the daily, there is a possible 1-2-3 move, and on the one hour time frame, I made a trend line. To continue, price broke this trend line and retested. As all this was happening, price remained below the 50...
further breakdown of my other Gbp usd buy
RSI divergence after so many lockdowns? what's going on here?
Elliott Wave analysis applied on the 1 hour BTCUSD chart (kraken). Current B wave consists of wxy, which in turn is a flat: 3 (ABC) -3 (ABC) -5 (WXYXZ) Y is at 100% of w. Based on this, the descend should be completed and the ascend should commence already.