leg up the structure resisted well to price each time they confront each other (price with structure acting as a support or a resistance), bounces were strong. looks like a very strong bullish signal. aiming for the last high this idea is correlated with GBPUSD and is to enter now but don't take the sterling trade for the moment (follow the plan) Trade active
wait for brice to break frankly this resistance and pullback to it (with rejection) to confirm it become support before entering long and aiming for the last high of course on't forget to take profit at 1:2 like always
Hi pros! aiming 107.8 as final target or even lower there is a nice confluence of resistance from here let's jump in the bearish harmonic train and ride potential next downwave
we can continue to short based on the last idea, this trade looks like a nice sell high waiting for confirmation before entering. maybe it'll fall before touching the box, maybe it'll touch it then fall so pay attention to price action right now
and pullback to fib lets ride the possible next wave up
and neckline broken the neckline is important because it's a psychological level. H&S have 85% winning rate and added to a psychological level neckline that should be an insane winning rate let's short by using the inside bar breaking down
what seems to be a potential future bullish bat plan : wait for the pullback then short with confirmation in lower TF first target: 0.60 second target : 0.55.8
with these bearish crab pattern approved by a strong bearish engulfing now it's the optimal short entry with monstruous risk to reward ratio trade active of course sl above the bearish engulfing
Hi pros! chart talk by itself, on the other side we shorted oil. that could be interesting to enjoy both trades based on negative correlation and high probability setup (harmonic)
Hi pros! Observing the chart price formed a bearish harmonic on a consequent resistance and gaped down confirming the trend change. Macd volume are beginning to turn bearish and lines crossed. Fundamentally, we have a problem with OIL because offer exceed demand at a crazy rate. The demand for oil decreased signifanctly due to global quarantine (no one go to...
Hi pros! Price broke trendline and pullback meaning that the safer entry tp at more or less 1:3 and aiming for multiple target -Point A -Point C - 1.618 fib 4H analysis
stochastic indicator Hi pros! confluence is a method used for having an edge on the market (advantage over others traders) based on high probability winning rate in this case we used 2 types of resistance: -multiple trendline -structure resistance that provide us the best point entry possible for a trend continuation setup short from here enjoying the...
strong resistance Hi pros ! Price rejected structure and stayed below ema 200 when it closed , it is approved by an exaggerated RSI divergence meaning that could be the point D of the bearish bat
Hi pros! the plan is to : Find a first entry in lower TF then when price break and pullback reshort aim for 0.618 first and look at price reaction on this zone if it can break the low the bear flag will be validated so third entry
broke the ascending channel and emas are about to cross price formed an inside bar about to break down ready to short now
Hi pros!! after forming the bearish bat and beginning the reaction to it price broke the bear flag the plan is to enter in lower time frame and aim for at least the first or second level.
price broke the DB trendline and ema's are about to cross temporary changement of trend is possible from here
hi pros! price give us a nice opportonuty to short now with that harmonic on the 786 fib. after this strong fall and now the pullback was strong as the fall. but price can't continue like this. this is exceptional movement for gold (moving in all the way with this speed). That could be the temporary top that we have waited for several months. expect the price...