Weekly median line, indicates a nice swing trade to the down side, supported by trend line break and retest.
Price has respected the Pitchfork, and has successfully respected the Median line. We would now expect a road block as price has reached Monthly highs.
Price has not reached the bottom line parallel. There is a very high Probability that price will make back to the median line. Good Luck.
Price has moved past 20ma, showing strong momentum. Next important levels to look out for are the weekly high and 100ma. If price can break through these levels it is likely to test 200ma.
The 1hr chart provides confluence to take a intraday trade to this current price.
Looking for AUD to strengthen against the dollar. This is a trending pair so don't get sidetracked. Stay with the trend my friend.
Looking for shorts as long this pair can respect the boundaries of the pitchfork
Another short this time, AUD/USD. long term hold. Providing it respects the boundaries of the pitchfork
Long Term Trade idea. Looking for shorts, Providing this pair can respect the bounds of the Pitchfork.
As structure shows, price should hit previous market highs and possibly go further .
to weekly lows, break of structure/price action. Bearish sentiment
Here we have 3 confluences to enter a long on EUR/USD, A classic bullish reversal pattern, a re-test of yesterday's low, and divergence on the one higher TF, the 30mins. The target would be yesterday high. A good R:R.
Had some spare time today so decided to backtest my strategy. As a day trader, I try to minimize risk as much as possible, and if it's one thing I learned this is the way you stay in the game. It can be frustrating leaving money on the table but equally frustrating being stopped out for a loss. I normally take 2 trades a day or add to my position if I can find...
With price breaking below a major support level and now coming back for the retest, Stochastics showing some nice divergence on the 2hr and also some nice price action in the form of some pin bars reacting of the major support level. I would like to see this now push further down.
Price has broken out of the falling wedge pattern, looking for a retest of the previous trend line for momentum to continue to push this pair higher. Horizontal lines are taken off the weekly timeframe.
Don't really trade the Christmas break, but this year with the lockdown has got me stuck at home looking to take this cheeky short.
Price is bearish, in a downward channel. As long as price can break this current support/demand level, I see no reason why we cant head further down to the bottom of the channel.
Overall very bullish, Hidden bullish divergence on the 30min chart. Looking for price to react to previous support/demand level and push higher.