NASDAQ OHLC SELL SETUP🚨 🔻🔻2023 Please support this idea with LIKE & SHARE if you find it useful. NASDAQ's yearly structure for the year 2023 demonstrates an OHLC (Open, High, Low, Close) Sell Setup. Upon analyzing the monthly timeframe, it is evident that the price is currently facing rejection at the resistance level of 15282.70 . To capitalize on the...
Please support this idea with LIKE if you find it useful. XAUUSD 2023 YEARLY STRUCTURE OHLC Bearish divergence starting from 01 July, 2020 to current market Price in the monthly time frame. Structure for this year is marked in red vertical line (January). Price opened high with April breaking above the open. Currently have price consolidating below...
Here it is, after a long couple of weeks, GBPUSD has finally gone bearish. This is a long shot, but this particular area could serve as the next potential reversal point. Along the way there could be some setups that can support price using this area to rally up, at least to the LQP. The 38.2 take profit is near the LQP so there's some level of interest in case...
What we have here is a potential for a large reversal or continuation towards the upside depending on the market behavior upon open. The prospect of a continuation of the current trend and a mitigation of buyers could allow for a gradual ascent towards a break of all-time highs. However, if the market opens with a continuation of the current trend, the limited...
It's Earnings Season so we'll likely see a lot of volatility. We are also in a significant area of interest in the market, recession concerns are looming but I'm not convinced that the market is fully committed to this downward trend. Not yet. We've had multiple tests at the top of the range (Target 3), and the market seems to be moving lower. Targets 1 & 2 were...
King W. Harbmayg's Journal Entry#12 Primary— “High & Low Approach” Interday Trade 1. Thesis: Short 2. Performance: (1 out of 5) Confidence— 5 Discipline— 5 Communication— 5
looks like we have are confirmed correction started even tho we should still be at 40k i guess we have to wait a lil longer. :) Prevailingnine 3.23.23
This is a personal note to myself. Patience wins. After sometime in the markets, you are able to "see" winning set ups. You're now able to stay in trades and ride them. You're no longer moving your stop losses or not setting one. The last issue to tackle is the ability to wait. Far too often you took a win on a set up just to try and reverse it to lose more than...
Hello traders. Hope you spent a wonderful weekend! Gold is currently in very significant area. If you look higher at Weekly timeframe you will notice that this is close to the previous supply zone, a zone of strength. On the other hand, forecasts and fundamentals indicate that this specific metal will create new All-Time Highs during 2023. So,as a traders we...
As you all know {for those following this channel btw}, i have been trading off of the price movements of EURCAD since January and it has been swell so far so good. The amazing part of it all is that price has been building up to form a pattern we all know and love "THE HEAD AND SHOULDERS PATTERN" and it's super valid because it's actually very clear in the D1...
King W. Harbmayg's Journal Entry #4 Review: Price has entered into the low of the previous week and fifty pips below the 100 pip box. This position will be one of two I have planned. I wish to add size once North America session provides proper evidence for such a maneuver, and if not then I will leave the single position as is. Performance: (1 out of 5) ...
Hello all! US30 is moving between these 2 zones marked.. In the case of a Neutral move in a pair, you will be able to trade within the CONSOLIDATION BOX (Shown).. However, I would wait for the price cycle to play out! Will wait for an expansion (Potentially to the Upside!) before looking to enter! Like usual, i will update the chart if i see anything and...
King W. Harbmayg's Journal Entry #3 Review: We are operating at the high of day from Friday which was the first up day after three consecutive down days. I want to sell this for approximately 50 pips since an evening star printed at the high of day. I want NA session to provide evidence for the short by meeting my sell criteria.
I've decided to go for the long term trade. One I categorize as blockbuster . Potential chance to receive a massive reward in ratio to a loss. - Here's my reason With GBP falling treacherously an influx are buyers pusher it back on. Meaning two things. One: An exit of sellers ( Less people selling the pair) Two: An abrupt of buyers getting in a record low...
As you can see above in my last post the market respecting our analysis, AudUsd retraced to the exhaustion areas i was expecting. Buyers entered the market which made the Daily candle have a big sellers exhaustion, now we can dive deeper and look at lower timeframes and see where we can have the confirmation. In this post i marked the areas im looking to enter...
I recognized that price was set for lower demand levels and after waiting for the liquidation event, I got in with much smaller size than previous as I have already achieved today’s fulfillment.
Market Manipulation Happened on the last week after CPI now we going down because Inflation Work Lay offs and more data release next week STAY PROFITABLE !!!
Here I showed everything I know that can draw me to the conclusion to my trades.