Ilovetrading
Analytical Candlestick Patterns.Hello Guys,
As our candlesticks gives us an idea of what Is happening on the chart, us traders need the right amount of patience to wait and enter at the good point(sniper entries). Below is an idea on what the market might tend to do in the next couple of hours or days till the end of the week unless shown otherwise, candlesticks, or went against our analysis and the market tend to move in the opposite direction.
Ill also advice traders to stick to their trading plan and disciplinary actions being measured.
Enjoy trading and don't over-leverage.
!!!!!BM-FX, The Best Team For Trading!!!!
"GBPUSD" Longas we can see illustrated above we have broke out of the downward trendline for this pair and what this means is that we should look at the next zone of co-influence which in our case it will be our second touch of the trendline at 1.7000-1.72300 , in short based on the monthly look for longing opportunities but these will be clear after we create the new monthly low which should be around 1.346xx which is in line with a zone that hasnt been fully retested!!!
My Petronet analysis for the expiry week.As its clear that it is forming a head and shoulder pattern and it has also pull itself back from the great support i.e. 246 and also closed above 250 which was a great point to be looked. So i personally think that it would touch its previous high i.e 275 in the upcoming week.
Thak you.
GBPNZD BUY model ? (Weekend Chart up) It's been a while since I've posted my Trade idea. Personally, I have been backtesting and trying to refine my trading. Ideally, I want to take High Probable trades that can result in cleaner setup opportunities
Speculation for next week on GBPNZD
IOF Bull
AOI Weekly OB
A pullback to the Daily Ob, SO OTE entry, is presenting its self
would like to see this happen during Monday Session London
LTF entries
Longs are ideal in this.
Trade at your own risk. I am not a finical advisor. this is just a trade idea for me. always use risk management
USDCAD "LONG"As illustrated before the setup for a buy is still valid and we can see we are currently being held by a very strong support which i highlighted on the chart and looking at smaller time frames D1 and H4 theres abit of a consolodation and we should simply wait for price to break out of that consolidation.......
Gold Long SwingPrice looks to be forming a head and shoulder structure to push to the upside. With the USD weakening Gold is about to be a safe haven. Stay on the look for a buy.
gbpusd potential sell off to find more buyersgbpusd had a great move yesterday see previous gbpusd analysis
no we are in a consolidation phase still holding bullish market structure
i am looking for a retest of this structure at 1.365 area waiting for a move down and see how price action forms for potential buys back up to test high at 1.3750