2 options here on the DXY monthly chart. Of course both zones could blow right through, but I believe price is going to either one of these zones in the next year. How do we know which way its going to go? By following the trend on the Daily and H4 timeframes
So this seems to be playing out. HTF on the daily & H2 has played perfectly into a LQS. Today is Friday and I believe a lot of people will want to take their money out of the market, so as mentioned in my previous chart up we could see some nice PA. My mechanical structure has played out perfectly in premium and I'm looking for a short from M15 supply....
BTCUSDT is about to draw a beautiful diamond pattern to fill a potential Gartley harmonic pattern, aiming supply levels. The price action tends to make a micro double bottom, which level is the base of a potential diamond.
I always do the same & it usually works more often than it doesn't; but thats not the point What is important is to cut the losses & let the winners run. In a world of 50/50 probability. There are four outcomes to a trade. a big win, a big loss, a small loss and a small win. If we can eliminate the big loss; the small win/loss will even themselves out. And we are...
Here in the graph, we can see clear support and resistance are drawn. My strategy is to place 2 orders here 1. Sell Stop at S2 and SL at S1 2. Buy Stop at R2 and SL at R1
AXSUSDT is testing the weekly support at the $9.9 area, which is a crucial level for traders and investors. The 0.786 Fibonacci retracement level is also in close proximity, which is a key level for traders who use Fibonacci retracements to identify potential areas of support. It is expected that the price will bounce off this level, as it has done in the past,...
AUD/JPY is one of those currency pairs that can chop around for periods of time, then one day switches on the momentum. And I suspect the market has tipped its hand to a downside move with yesterday’s bearish candle. A resistance zone formed in April between 94.24 - 95.75 in April, where breaks above it have ultimately failed and the resistance zone gets...
While there might be much more trading opportunities in the way, Shorting Bitcoin around the supply zone and Longing it at around the Strong demand zone is rational. There are also two other lines which are weaker entry points and cautious traders should avoid them. A safer Long trade might be after breaking the 23000 or in a reverse to lower ZONE. A safer...
EUR USD SELL SHORT POSITIONS There are so many opportunities to exploit this cross on a weekly & monthly basis. Remember that we focus on consistent R pcm , with solid risk-management and RR
The price is testing the 0.786 Fibonacci level, it's a key level for the market. On the weekly timeframe, the price lost the support on 0.083$ On the daily timeframe, the price had a breakout from the daily resistance of 0.072 $ and retested as new support. On the 4h timeframe, the price needs to create a breakout from the supply zone above the 0.085 and...
Classic (W) in downtrend & long term (M) in down trend. waited for a Bounce (correction) up to the last Lower High of the (W) took the SHRT at 60.10 My risk was right above the inverted hammer & down she goes 7 weeks or seven red candles sticks. I closed my Short today, while price is coming into a strong DZ from the monthly chart I fought Greed to keep the...
The price is testing the lower trendline of the ascending channel and the monthly support on 20.76$ on the lower timeframe, the price is creating a bear flag on it and the market got a rejection from the supply zone. How to approach? The price confirmed the 0.886 Fibonacci level as valid support on the daily static support on 19.7$. So if the price is going to...
The price got a rejection from the 0.80 Daily resistance where the market created a double top. On 4h timeframe the price is creating a descending channel and the market is testing the 0.618 Fibonacci level and monthly support on 0.49. The market is testing the supply zone right now How to approach? The price must hold the monthly support on 0.49$ and flip...
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Hello Friends. It seems that the bitcoin growing to 5th wave of "C" wave correction and I expected touch the 51700 and go ahead to big correction wave "iii" .
This week I'm keeping it light. I'm not interested in overwhelming myself so I'm going to show you how to let the trade come to you just as I am. You need 3 things: 1. To understand direction 2. To plot structure and wait for price to touch it( thats letting price come to you) 3. Permission to enter the trade(it just takes one price action candlestick) Once you...