I was extremely bullish on Eurusd the past weeks and it proved me wrong. Only because it was preparing the market for a strong push to the upside! On Daily divergence formed as we see on the RSI indicator. So I'm waiting to see the price pulling back and then skyrocketing. USD is weaker than ever before. This is the trade that I will take if I see the price action...
For AUDUSD I see price pulling back to the demand level before shooting back up! From the Daily timeframe I saw divergence on the RSI indicator wchich shows a reversal happening.
WAITING FOR REACTION ON THE RESISTANCE LEVEL (PREVIOUSLY SUPPORT) TO SELL THIS BAD BOY. WAITING FOR 3 TIMEFRAMES TO ALIGN FOR THIS TRADE. 1H 30M 15M
AUDUSD SHOWING SIGNS OF REVERSAL. AGAIN IM WAITING FOR IT TO ENTER THE BOX, GO PASSED IT, COME BACK UP TO IT, REJECT IT, AND THEN PLACE MY SELL. AS WELL AS I AM WAITING FOR CONFIRMATION FROM THE PREVIOUS 3 TIMEFRAMES. 1H 30M 15M KEEPING THINGS SIMPLE. ALSO WE HAVE ANOTHER CONFIRMATION, DIVERGENCE ON THE 4H TIMEFRAME!!!
I'M WAITING FOR THE RETEST AND REJECTION OF THIS UPPER LEVEL WHERE THE ARROW STARTS TO PUT MY SELL IN. AGAIN WAITING FOR CONFIRMATION FROM 3 TIMEFRAMES LOWER 1H 30M 15M. KEEPING THINGS SIMPLE.
Looking at #GBPUSD for the week(s) to come. Weekly timeframe we see price reaching the neckline of this W formation and then going back up. Of course we need to have confirmation about this happening thats why we will monitor price action on the 4H timeframe to be sure of when to enter the market! Patience is the best virtue you can have with the market!
Now hear me out. Ill be monitoring price action on the 4h timeframe for entry. This is a swing trade as you can understand. The break of the uptrend has started and its forming LH and LL so we cant look for buys as of yesterday. You can see the wick rejections on the top levels indicating double tops. RSI is overbought and we have divergence at those DT levels....
Intraday trade on eurusd. but we ned to be carefull of the spread at session change.
Hello fellow Traders. This is my opion on EUR/AUD.
Gold is a little complicated last days as we can see no clear movements. Just collecting stop losses for sure. I saw this wedge pattern tell me what u think. Direction is not clear at this moment could go both ways. My opinion is Upside cause of overall trend since February. Tell me your thoughts
Waiting on that retracement to enter a short position
Waiting on that retracement to enter a short position
Waiting on price action to reject TOP level and then shoot back down.
CFDs are a very good way for making money in the forex market fast and easy if you know how to prepare for it. And this is me preparing for it! I forsee a very big drop again from bull-trap market all the way to 18000! Comment your ideas I like to know if more people are seeing this!
Heavy seller pressure coming in at the current level we are standing right now. All the way back to 2011'. We can clearly aim for a correction at the .618 fib. Closing some nice 700 pip move
TVC:USOIL Today we might have just entered a bullish after days of consolidation and rollercoaster of price up and down volatility. this W (headandshoulders) pattern finally showing us what we wanted to see for a long market on USOIL. Finally, we want to see market touching 45 to overall correct this V shape fall. I entered a Buy at 25.13 lets see how it turns...