dtonysav

07:00

dtonysav

Using trend analysis to plan for future trades on the EURUSD and gold pairs.

03:29

dtonysav

Decided to publish this to show how I go about analyzing a market with contradicting signals

01:16

dtonysav

I have tried to put in as much detail as possible in a recorded video, hope you understand it. If not please feel free the ask questions below.

dtonysav Updated 

Here we have an ascending wedge in an ascending channel so overall we know we're in a bullish market. Now what I'll be looking for isn't a total reversal but a pullback depending on if we see the following; +rejection of the current s/r zone (already done), +break, close and retest of both the ascending wedge and channel, +break, close and retest of the 50ema.

dtonysav Updated 

The market seems to be reversing its trend but the lack of momentum says otherwise. On this one, in particular, I'm simply looking for; +rejection of the 50% fib and weekly trendline, +break and close below the 8ema. +break, close and retest of the ascending wedge for a move to the beginning of the wedge.

dtonysav Updated 

As stated earlier we needed a channel breakout to take long but that didn't happen so the trade idea was invalidated. We are now trying to identify the bottom of the downtrend in an attempt to follow the price uupwards to our target

dtonysav Updated 

Using a confluence of fib levels and previous S/R to sell into previous lows.

dtonysav Updated 

The markets have been pretty messy. Hoping for some stability soon. On the other hand, watching to see if we can get some sort of reversal pattern on the AUDNZD as we're in a very key. I would be looking at this very closely.

dtonysav Updated 

Here to share my thoughts on the most traded pair in the forex market. Price is in a downward trend and has been for a few weeks now so basically I'm waiting for the euro to show some signs of strength to ride that reversal. I have used the ellipse to show the area where I'm looking to take long positions provided that string reversal patterns are formed and the...

dtonysav Updated 

Before I get into this it is important that you know the points A and B are not valid wave tags but are only on the chart for illustrative purposes. When I first got into the markets, I found myself sticking to a bias based on any first sign or pattern I found on the chart. The beginning of my forex journey is a story full of losses and blowing of accounts. But...

dtonysav Updated 

Finally broke out of the pennant and naturally, we'd wait for a retest. But if the market has taught me anything it's that retests don't always happen so over time I've been able to easily enter the market in cases like this where the driving pair is pretty strong. And yes, I'm talking about the fib tool. My ellipse outlines my entry point and I'm using the area...

dtonysav Updated 

Just a little short-term idea. Already succeeded rejection of the 50% fib and looking to break the ascending wedge to complete the right shoulder of a potential head and shoulders pattern. Taking a short pending the breakout and retest to drive it to the 1.27 as tp1 and the 1.618 as tp2. Invalidation level just above the 38.2 fib level.

dtonysav Updated 

Nothing much to really say about this one. Just another textbook technical trade for me. We're at a major supply zone and seeing as the price has been in an uptrend for days I'll be looking to take a short-term sell to the significant 9100-9000 zone mapped out by previous support/resistance and 61.8 fib level. PS; long term bitcoin view is long for me.

dtonysav Updated 

I've had my eyes on this pair for a while and have been waiting to see what happens at the 61.8 and 50 fib levels of the previously extended correction. Now that we've seen a bounce off the 50%, I expect a retracement to the lower trendline as illustrated. I'll be expecting to take a long there as that'll give a better entry for a good risk-reward ratio. And even...

dtonysav Updated 

As we can see on the chart, the upper trendline drawn has been holding the pair at bay for months. Now that price has found its way back one can only expect two things; 1. A breakout above, retest and continuation to the upside, OR 2. Rejection of the trendline and reversal to the downside. At this time, we have two indecisive daily candles already held at bay by...

dtonysav Updated 

I have my fib levels on the chart drawn according to the Overall weekly bullish trend. Now I also have a potential downward channel drawn using the two previous daily highs and inside it, a 4h upward channel which as you can see has been broken through. Without any overexaggerated fundamental drivers I would be looking forward to seeing gold end up at the 50% Fib...

dtonysav

I have been watching this pair for a possible reversal since the downtrend started and it looks like the time for that has finally come. Price action recently rejected a demand zone I mapped out which coincided with a lower trendline I have placed on the weekly tf. seeing as price has broken out of the downtrend I'm looking at this one for a short-term...

dtonysav

Price action finally broke out of uptrend in the past week. Presently waiting for a retest of the lower trendline and 61.8 for a sell order to the downside using the 1.618 extension as a TP level. overall there is a pennant on the weekly tf which can also be referenced.