ForexForensic

ForexForensic

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ForexForensic

We got a nice break of our trend line, combined with a double tops! TDI is bearish, but price is currently still in our flipzone... (previous resistance, now support) Best thing to do here is to confirm first: wait for the break + enter the retest. Profit targets for shorts are .382 - .618 on the fib. scale. Rejection of the flipzone invalidates the short...

ForexForensic

Double bottom?

ForexForensic

Different scenarios

ForexForensic

Rejection @ supply zone. Divergence + Double top H&S forming.

ForexForensic

Channel

ForexForensic

Waiting for a confirmed reversal to enter LONG.

ForexForensic

Price back in channel.

ForexForensic

The price loves a strong trendline! Do you see how it comes back for a retest after the break? Magnetic attraction at its finest!

ForexForensic

Interesting price action on the daily! Early buyers have been shaken out of the market. Clues: i. Price in demand zone ii. Price on main trendline iii. Rejection wicks Looking to go LONG to the next zone if bullish price action develops. A break to the downside invalidates this trading idea.

ForexForensic

Watch how the price acts like a magnet to trend lines! We observe a break of the main trend line which is almost instantly followed by a up thrust back to it. We can use these retracements to open positions with better RISK vs REWARD RATIO (RRR) than conventional enter-upon-break strategies.

ForexForensic

Different scenarios are possible as price has not chosen a clear direction yet: - Ranging price - Ranging TDI -0.21% indicator I expect a move to either the supply or demand zone followed by a correction to the flipzone or main trendline .

ForexForensic

Looking for long opportunities on or near the main trend line

ForexForensic

Thoughts on Silver. Looking for one more move down into the area of the demand zone, EMA 800 and main trend line before taking off. Wait for strong bullish confirmation before entry. Please remember patience is key here. This is a weekly chart.

ForexForensic Updated 

Clues Price has entered previous demand zone RSI is overbought and showing bearish divergence Set-up Waiting for Candle Break Retest (CBR) set-up Take profit Fib .5 Fib .786 Invalidation Daily close above 1358 will invalidate the idea

ForexForensic

Clues Price is currently @ the top of our channel (resistance) A shooting star candle has formed RSI is @ overbought levels & showing signs of rejection Take profit @ .5 fib level (flipzone)

ForexForensic

Price has now entered our flipzone. Different scenarios are possible. Wait for confirmations and set-ups to develop in either direction. No need to rush here...

ForexForensic

AJ's zone play We observe selling pressure. I will join for a sell opportunity if the price reaches the supply area once again. If not I will wait it out and look for a buy opportunity @ the major trend line. Please remember anything could happen here.