Update from yesterday's setup (please see related link for trade idea/setup): Good morning everyone, So far we are getting some decent buying coming into the market. I like the 4 hour follow through. The Daily candle also closed bullish. Need the new daily candle today to create further bullish activity to increase the probability of continued bullish moves,...
Hi Traders, We could be seeing a gold buy position after price tanked to complete an ABC corrective pattern. Higher lows, Higher Highs. Uptrend still in tact. Reasonable Buy with the Trend for a bet that the trend will continue.
Hi there, Either i'm a little early, right on time or dead wrong. I see a potential long move with the monthly coming to an exhaustion. Triangle transitional pattern. Price bouncing/rejecting off the other side of this downtrend. Bulls starting to buy. Looking for follow through from the bulls. If so this COULD possibly be the bottom of USOIL. We MAY or MAY...
We've had a big spike up, followed by a correction. Now the question is, does the correction end here or further down? Bulls entering this market, looking to see what occurs. As soon as price continues up a bit i will tighten up my risk in case of a continued pullback further down. If this trend resumption fails, look for pullback to continue down further before...
Hi friends, Here i see AUDUSD with a completion of an ABC pullback on the 4 hour time frame. Price action showing us higher probability of lower prices. Most likely a trend resumption. We will be going down to the previous, most recent low to test. It is a POTENTIAL REVERSAL ZONE. Hold your shorts and trail it so that you can capture a short trend...
Rejecting major correction, bulls dominating this market
Hi my fellow traders, apologies for the lack of activity in most recent times. I try to minimise distractions at times as much as possible so that i can focus on trading. This is a good idea if you want to try it. Times are crazy right now. Don't be hyped into anything else. Remove the distractions and focus on YOUR plan. Don't be distracted by the news, media,...
Price broken the major uptrend line before the close. Right side: Higher Time Frame overview - We've have 5 waves (3 pushes up) and most likely exhausted at the moment as we enter a correction. The weekly candle close strongly bearish. Left side: Please ignore the waves if it's confusing, it's some quick notes to myself. What i see coming into the new week is...
Hi Everyone, as we can see, we are still in an uptrend on the higher time frames. Price has rejected from the MAJOR uptrend line and looking to see further bulls enter the market. It appears that we could have just completed the ABC, 2-legged correction and potential resumption of the trend. IF this is the case, then please see below as i think this last LEG up...
Hi guys, here's a possible gold short if we get bears entering the market.
Long term Monthly short on AUDUSD. Here's an entry to get in and start riding it down. Will look for further entries as we continue down. Wedge pattern, looking for resumption of longer term and medium term downtrend.
Hi Fellow Traders, i see the Weekly Chart as a Trading Range. There's two ideas i have in mind: 1) That price will continue down to the bottom of the range. OR 2) Our B wave will end here and we'll have a surging C wave up to the top of the Trading Range, in which we have 2050 pips to gain. I want to follow what the market does and manage my trade to negate...
Yes i see that we are in an uptrend and still have AT LEAST some room above to go, however it appears that the breakout to a new high has failed. Broken some smaller uptrends, looking to begin a POSSIBLE correction. Looking to see the waves and follow through from the bears to continue selling. I want price to break the MAJOR UPTREND lines to further confirm this...
Short on GBPJPY. On the right side of the screen is the 15 minute time frame to the horizontal support line as the first target (Approx 75 pips away from current position. Take partial profits and let the rest ride. Although, price MAY reverse from here and start going up to the top of the Trading Range. On the left side (Higher Time Frame), we are in a...
Hi Everyone, This MAY be in the works. As you can see we may be seeing these ABC corrective formations for a continuation of short moves. Ie. We are beginning Wave 3 on a bigger overview. Please see image below for Daily Time Frame. 3 Pushes up. Final Leg is also broken into 3 legs. Final part of the wave had an extreme buyer's push up followed by a sell off....
Hi everyone, gold is on a steep uptrend to touch at minimum the previous all time high. I believe we will see price rise higher but that all time high is a great profit taking area as we'll most likely see a lot of buyer's holding that for long term profit taking.
Hi everyone, I see a good long opportunity with a good amount of pips available to be taken. Please see my past related links for past trade analysis. (from most recent to oldest - this includes overview analysis on the higher time frame) I believe we have just finished a pullback with bulls entering the market again for a continuation/resumption of the...
Hi Fellow Traders, GBPJPY on the path up. Target Approx between 350 - 550 pips from time of call. Please see below two related links for the: 1) corrective move down before expansion upwards. 2) Higher Time Frame Overview. Going to have a good nights rest - remember that your trading journey is just as much your own journey of self development and growth. You...