For now it is to watch and let effect take as to what will happen. We don't predict the market but we forecast from signs of the market and we build ideas on that, then according to our plans we set out to make the most we can. Hear we have different highs and probably why the sell off has not began. But we know that we are in a correction of a bearish leg. This...
This and NAS100 have a similar path not the same. WEEKLY 40000, the highest price it has peaked at. When it peaks it then drops and goes to fetch support from a previously strong support level. NFP is where we will get our volatility. DAILY We were in an impulsive phase, because we know that the trend is bullish. Just stuck in the ascending channel. 36000 looks...
DAILY We had the touch we needed, and were triggered in quite early. SL moved and stopped out. The risk entry paid off, the reduced risk also paid off. Low test candle close to our support, it's to add to our current knowledge not direct triggers to take trades. 4H Last 3 bullish candles seem to give headroom to the reversal conversation but till there's more...
Identify which phase of the market you are currently in. DAILY Still in the correct phase of the bull trend. 37060, our significant support area where we believe the correction phase will start to phase out. We had an ascending wedge, which we broke and have just kept going down since then, forming bear flags on the way down. 4H The flat flag pattern is not...
DAILY High tests and slowing down candles, therefore we should stay out and wait for the touch of the bottom of the wedge (38570) 4H We still look like we are falling before and form of reversal. The trend has been bearish and is currently in a consolidation, leading us to expect an impulse. 1H We still waiting for a breakout whether up or down. 15Min Close...
DAILY 38800, our lower edge. We have a high test on the lower end of the wedge so we can zoom in to look for better information. 4H 38600, is a strong support from previous price. 1H Break of 38900 will convince me of a bull run 15Min 38815, wait for the touch / bounce or breakthrough of this price
DAILY Just had an expanding wedge and price is building more into the wedge. 38655, shows us further price movement to possibly the upside. 4H 38600 is a form of some support, look left and you will see the test / rejection and sensitivity around this price. The expanding wedges are just giving us signs that there's bearish pressure when they happen. So we are...
Daily The beginning of a reversal (to the upside) the completion of todays candlestick will help confirm that. It looks to be forming an evening star right at the top of the resistance which adds to our confirmation. 4H We definitely are still on the right track but we are still just slightly early. Got the test of the previous resistance (39620) correct just...
So wrong or just too early. Mid way we were moving following our analysis and the bulls just gained energy but that's okay. I did have quite a bad week so it would have affected my thoughts. Currently 39450, were we anticipated the major drop is where we can adjust and rework our analysis from 1W down to 15min. Weekly we have a strong bearish candle, which...
We are on track and going very nicely to what we wanted before we go with the market. Keep holding that patience and stop those fingers from executing any trades. As we move lower, think of possible moves which could invalidate the forecast: Bull momentum taking over New rejection level Fake outs to the downside Major news announcements Wrong psychology Wait,...
Straight forward, this is bullish and has no reason to stop being bullish. HH and HL are the indications of the strength of this trend. Within the channel is where the action is. Current price we bearish. For now stay away from the trade idea but rather on the movement of price. We melting downwards, which resembles the supply but not the demand because it could...
We got to 50% of our aim, with SL moved into profits we should have been stopped out earlier than when it went for our initial SL. Here we now wait and watch. 37500, important price level
Late trigger but it was amazing forecast and mid analysis. Here we are now looking to scale in and do more. Move SL into profits we do not run a non profit. 37600 - 37630 (Area of significance) - bounce and rejection, with candlestick confirmation is a move up - impulsive candlesticks down and rejection means we are drowning price again.
This big boys came to play with NFP but was equally sorted out without regret. 4H -Serious Doji - Hanging man as the closing candle * Evening Star 1H * 3 touches on either side of the channel * Bearish channel confirmation * Rection and close under 37500 - 37400 can be the next resting place - 37300 is the next significant level should it fall 15Min - Price in...
Not the week of being a chancer, and we clearly see that. I think I had stated because of the RR I will not take this trade and I am happy I did not. Was tempted to place an immediate entry after posting this forecast. Good thing we are here to learn and be better every single day.
This is the playing field I am walking into but because the RR is not aligning and I only have 2 confluences I will not be taking this trade but rather enjoy my nosebleeds.
I've been excited about this, when I saw it I wanted to take out my laptop and post immediately🤣🤣🤣 We had impulsive moves down, melting out all the positions and stops that were set. I respect that we met part of our analysis, the other half was wrong. Now we look for buys or support levels and ride this wave. NFP week is also one to be careful of as it is a sh*t show.
Here is an alternative view. If you understand the different phases of market movements. I should not have to explain this. I just have to make you aware that this actually is a possibility and one that has a great RR (about 6). Which follows my trading plan and follows my triggers. * 3 touches at the top of the channel * 3 touches at the bottom of the...