SPATrading

SPATrading Updated 

The pending orders are in place and waiting for the market (momentum) to fill our positions.

SPATrading

For the last 7 trading days buyers failed to push price higher above the significant confluence of static and dynamic resistance levels. Yesterday, a 2 days bearish engulfing outside candle was printed on the chart (unconfirmed footprint of sellers). If this is a real footprint of sellers then we need to price breaking the low of it (0.6253).

SPATrading

The Megaphone price pattern is shouting for a large upcoming price movement. Pay attention to the upper and lower boundaries of the yellow box for either bullish or bearish price action. Of course, all trends are bearish however we must always expect the unexpected.

SPATrading

CADCHF price is traded at a critical level (0.68). Absolutely, all trends are bearish and the 0.68 price level is the buyers’ last defense level. I am neutral until the closing of the day since I need more data on the chart for any trading decision. Be careful shorting around this area because you might be the last sellers selling…

SPATrading

The last week Shooting Star signifies rather a pause of the uptrend and the start of a price correction. It looks like of profit taking which will certainly push price lower. I marked on the chart yellow levels where we would like to see evidence of buyers.

SPATrading

All technical criteria are met for a high probable trade to south.

SPATrading

AUDCAD price is traded at a critical level. Price is flirting with primary static and dynamic resistance levels. I anticipate a rejection of price to south but we must see clear evidence of sellers printed on our chart to time a potential short trade.

SPATrading

SEE PREVIOUS CHART - AUDUSD TARGET REACHED IN PRECISION

SPATrading

75% POSSIBILITY OF LONG POTENTIAL.

SPATrading

Long Risk Taking

SPATrading

As anticipated, price directly retrace the last weekly candle. She is now flirting around the level where we need to see evidence of sellers.

SPATrading

Direct price retrace of the last weekly candle and monitor price action around the monthly S/R.