WAIT FOR IT... DAILY: HEAD AND SHOULDERS, BEAR PIN BAR IN A ZONE, YEAR'S HIGH AND GOOD MARKET STRUCTURE TO GRAB LIQUIDITY. POLITICAL SCENARIO: TRUMP PRESSING OPEC.
4 HOUR ISN'T BREAKING RESISTANCE 1 HOUR BROKE MINOR SUPPORT 15 MIN SHOWING STRUCTURE BYe
Tradingview wants me to explain why I think this trade is a good idea. Well, I don't. We are consolidating for a long nice time. But, 4 HR and 1HR Price Action are showing me there's a potential downside movement about to happen, so...
Dear fellas: As we rode this magnificent wild horse called GJ to the upside this monday, I believe it's time for us to jump off the horse. Of course, it doesn't mean that we are not going to ride it all the way down. We have some reasons why we can believe that this trade might play out: - Weekly has made a pin bar. Although it's a bullish candle (I mean, it's...
Guys, First of all, I'm sorry but I was already in since yesterday... but not sending it here is worse, so: I'll try to be fast in this one: On Weekly, price has found support in a previous nice area. I'm trusting that. On daily, we can see a double bottom - for pattern traders - which means that price wasn't able to break the previous low in that timeframe -...
Same as GJ, EJ is showing us signals that it's tired of just bleed. Despite the bearish structure, in order to keep going any further, it has to grab some liquidity, and the last week's candle close above a zone shows us exactly that: a incoming lower high, liquidity grab, retracement or whatever you like to call it. If price doesn't break that minor zone or...
Simple things are happening here guys: - First of all, we have a new low that WEEKLY just created. The point is: we also have a steady zone been touched and rejecting a cool green candle there. It shows me that MAYBE we MIGHT go up for further lower high formation; - There's a nice downward (or bearish) push that just happened there. Considering it's weekly, we...
Ok Guys. I know GJ is having a hard time and being sold all day. It's sad, but true. But I have some considerations to make before you start selling it too: - Now, WEEKLY has made a NICEEE DOJI right in a zone. - MONTHLY has created a huge candle inducing a lot of seller to jump in, but it has started to stall right on that psychological level of 140ish. - We...
WEEELY Price has been in that consolodation range since the beginning of 2018. FIVE MONTHS. Multiple tentatives of breaking that resistance above were made, and even though we had a daily trendline and the EMAs giving support for price to break it through, it didn't happen, yet. So, now, we are still watching price getting rejected from that strong support...
Good morning guys, Here's a 4 hour analysis of Pound-Yen. Let's break it down from weekly to 1 hour: WEEKLY On the weekly chart, we can see the strong bearish momentum we had in the first week of the month, following up that beautiful pin bar that was rejected from the 200 EMA and broke that up trend line. Although bears are in control, nobody wants to...
GJ heading to the bottom of the ocean (or TL, call it the way you want to) after today's pullback. Watch 1H, 30m, 15m or 5m for entries. Put a SL. When your trade hits your first TP, move SL into profit and let it ride (or just close it, that works too). Watch for the news that will probably boost GJ's ride. Peace for you all. GBPJPY