Aggressive setup on USDCHF on London Open liquidity grab, bullish market structure. This setup is seen as aggressive because we have important imbalances below not filled yet. We aim for a fixed risk-to-reward in this case (1:3)
As BTC is still pretty much ranging in between my trend line and next major resistance zone, I have decided to analyse the weekly as this is the first proper bullish bar to fill previous top wicks. When in doubt, zoom out and get a bigger picture.
I like the fact that we have fair value above actual price and the next major supply is farther away. It makes sense to me to catch a retest of the huge wick we threw in recently. I expect that the trading range of the last 2 weeks will not break for a few more weeks, in the meantime let's try to buy at the bottom of the range!
CGC had a bullish setup in this area before why not try and go for it again and potentially fill the wick that we created during the last run? We have bullish Divergence on both the MACD and RSI suggesting that we may get a bounce from this zone again and this time we may even go higher than the last time. Check out the related idea section if curious as to what...
Lets get that wick fill on gold from the previous lows of August. Lethal wick down to 1680s
Been following this large Wick up from a few days ago, most of the time large candle bodies will fill these wicks High 40s retest and weekly lower high is most likely in play
Hello analysts and traders, We have an end of monthly candle close this week - price will look to close a bullish monthly close which is perfect. September will be an interesting month. Our trade is still running - but will test the wick at 141.6XX area. On the smaller time frames 141 hurdle is still showing a good area where an engulfing on the 15min showed a...
long for shizzle after it touches the bottomtizzle. Should quit trading and become a rapper, am i right moderators?
Just as simple, even tho its over sold as shown in the RSI, and as I was not watching it closely could have a better entry, but if we continue the bear trend we should at least fill the wick