Oil is now retesting the demand zone, if this level manage to be a strong support, the bullish sentiment of the market will continue. What I think we got here is a retracement completing the rising wedge pattern but overall the big green pinbar candle on the 4 hr tf is a sign of a strong bullish sentiment. My entry set up will be above the 69 level looking for...
Here is my set up with GOLD. we got a breakout of the trendline with this beautiful bullish impulse, which also broke our previous resistance and now becoming a support. We are now in a consolidation phase if this set up fails I'm going to look for entry in the demand zone which is also our potential orderblock. As target we got 1983 and 2011. I mostly have 2 TPS...
Price broke the trendline, got a retest and formed a bearish pinbar using that as my signal entry + 12 EMA as my resistance. We got an impulse to the downside take the 1st TP. Let's see if it's gonna take the second one. Is kinda reversing right now and not receiving any bearish signal. Is probably sweeping out the buy side liquidity of lower timeframes. Goind...
Price is still inside this sort of rising wedge channel. rebound from the trendline, we got a valid bullish impulse and RSI is above 50 on the 1 hour tf which means a healthy bullish momentum. Possible short term buy setup. SL 72.34 TP 74.88 always take proper risk management which is more important than technical analysis. Good trade everyone
last price action was 2 main impulse down on the 1 hr timeframe. Now it seems losing momentum and testing the demand zone multiple times. We may expect a breakout of the main trendline with a possible change of bias. if it manages to break the demand zone instead solid downtrend is still valid. for buys we may look for 1980 as target for downtrend a 1:2...
We got formation of a channel perfect range to trade for scalpers but we're not. we focus more on the higher timeframe setup. As we know forex market like to fakeout here we have a range and a channel. I see this as the most probable setup but if the price break this sell zone this will be not valid anymore. it will probably consolidate then break the ATH, but...
Price reached the demand zone forming a symmetric triangle with bearish impulse at same time the demand level formed equal lows which indicates liquidity. Inside the channel we also got a bullish engulfing pattern that could trigger the breakout of the trendline to the upside. My prediction for this is fakeout to the downside then all the way up. For better...
This pair is mostly faking out. Has faked me out out too thinking has already took the liquidity. I think this aggressive bullish movement was for some news event I don't really care about. I'm more on a short term trader and focus more on technical part. Here We spot a divergence on the 4hr timeframe I still have a bearish sentiment for this pair the price has to...
Price decided to retest the 4h major demand zone creating a Bullish flag pattern. Rebound from the demand zone breakout of the channel now retesting the minor demand level. I'm expecting an aggresive bullish trend. My personal strategy is to take multiple small buy positions and having my TPs secure on the road. 0.6787 would be at best the last target. Good and...
I don't want to overcomplicate it. We got a bearish flag pattern + equal highs liquidity grab. Now there is a really high chance it will go to the daily timeframe impulse which is a downtrend. This is a risky setup. for a more safe setup wait for the breakout of the channel to the downside + retest
I still don't have a clear setup for this. but overall I'm short term bullish. going to the 4h timeframe we can see a formation of equal lows I'm assuming that price could fakeout to the downside. + we got a buy signal from the MACD. My confermation for this setup will be mainly the break of the trendiline + retest.
Price bounced from the trendline. creating possibility for a new bullish setup. Going to 1hr timeframe we can see a bullish engulsing pattern that will be our confirmation for entry + as other confluences we have the 21 EMA(1h) acting as support. Now the price is on the level of the new 0.38 fib, if it manage to keep this level there is a high probability for this...
This setup is based on liquidity concept. I'm expecting the price to break the ATH then to go trending down grabbing the equal lows level too. target will be 166.63 which is the last significant low. Always wait for confermations before taking a position. For proper risk management open just 2% per trade. good trade everyone!
This setup is based on knowledge of patterns and liquidity. the chart is presenting a bearish flag pattern and as we can see we got also a formation of equal highs which is our liquidity zone. My view on this is we should expect a fakeout to the upside to grab the liquidity till the level of the 4hr supply zone then an aggressive movement to the downside with...
Breakout and retest. Price action broke the trandline and retest the minor supply zone forming a new downtrend. this is perfect level to open a sell contract. final target 1.228 As I always say everything could happen in the market doesnt have to follow this plan but is highly probable