tamrobert20

tamrobert20

Trade Setup Overview: After a deep selloff and subsequent accumulation pattern, US500 printed a clean bullish reaction from the lower demand zone during the NY session, signaling a potential continuation to the upside. Key Confluences: 🔹 Accumulation + Manipulation Phase Complete The chart shows classic Wyckoff accumulation followed by manipulation below...

tamrobert20

Trading Idea: USD/CAD Sell Setup Trade Overview: Entry Zone: Near 1.42500 Take Profit (TP): 1.42100 (Key Support Zone) Stop Loss (SL): 1.42738 (Above Resistance) Risk-to-Reward Ratio: ~2.5:1 Technical Analysis: Head and Shoulders Pattern: The chart highlights a clear Head and Shoulders reversal pattern, with the right shoulder forming near the 1.42500...

tamrobert20

Trading Idea: USD/CHF Sell Setup Trade Overview: Entry: Near 0.89462 Take Profit (TP): 0.89220 (Key Support Zone) Stop Loss (SL): 0.89533 (Above Resistance) Risk-to-Reward Ratio: ~3:1 Technical Analysis: Double Top Formation: Price has formed a Double Top near the key resistance level of 0.89480–0.89533, signaling a bearish reversal. The second top failed to...

tamrobert20

Trading Idea: GBP/USD Sell Position Trade Overview: Entry: Near 1.26870 Take Profit (TP): 1.26400 (Key Support Zone) Stop Loss (SL): 1.27108 (Above Resistance) Risk-to-Reward Ratio: ~2.5:1 Technical Analysis: Triple Top Formation: A clear Triple Top pattern has formed near the resistance zone, signaling exhaustion in bullish momentum and a potential...

tamrobert20

Trade Setup Overview: Bias: Bearish Key Levels: Entry Zone: Near 154.000 Target (TP): 153.324 (Support Zone) Stop Loss (SL): Above 154.236 Technical Analysis: Key Resistance Rejection: Price has rejected the 154.000–154.236 resistance zone, shown by bearish candles forming at the top of the structure. The resistance aligns with a previous supply zone and forms...

tamrobert20

Trade Details: Entry: 101,260.75 Take Profit (TP): 97,736.69 Stop Loss (SL): 102,037.23 Justification for the Short Position: Key Resistance Zone: Price has rejected a significant resistance area near 102,000, confirmed by bearish candlestick formations (e.g., long upper wicks). This suggests strong seller dominance. Break of Structure (BOS): A BOS occurred,...

tamrobert20

Trading Idea: EUR/GBP Buy Position Analysis Trade Setup Details: Entry Price: 0.82617 Take Profit (TP): 0.82832 Stop Loss (SL): 0.82512 Risk-Reward Ratio (R:R): ~2:1 Technical Analysis and Justification: 1. Key Support Zone and Rejection: The entry at 0.82617 was initiated near a well-established demand zone, where price previously demonstrated strong...

tamrobert20

Key Observations: 1. Chart Patterns: Head and Shoulders Formation: On the left side of the chart, the head and shoulders pattern signifies a bearish reversal, providing a precursor to the downtrend. Falling Wedge: Following the bearish move, the falling wedge pattern acted as a potential pullback and consolidation phase before continuing the trend. Rectangle...

tamrobert20

Overview of Trade Setup: This trading setup indicates a buy position on GBP/USD, likely targeting a rebound or continuation of bullish momentum from a well-defined support zone. The chart features several critical technical elements that justify this position. Key Observations: 1. Chart Patterns: Falling Wedge Formation: The falling wedge pattern preceding...

tamrobert20

Idea Title: EUR/USD Short Position: Double Top Rejection and Liquidity Targeting Market Context: EUR/USD is presenting a bearish setup after a rejection from a significant resistance zone near 1.06100. A double-top formation has been identified, suggesting a reversal towards lower liquidity levels. The pair has failed to sustain higher highs, which aligns with...

tamrobert20

Idea Title: AUD/USD Short Position: Rising Wedge Breakdown and Liquidity Targeting Market Context: The AUD/USD is showing signs of bearish momentum following a breakdown from a rising wedge pattern, which typically signals a reversal or continuation of bearish trends. The pair is reacting to a significant resistance zone above 0.64500 and appears poised to...

tamrobert20

Trade Setup: Entry: 2636 Take Profit (TP): 2654 Stop Loss (SL): 2629.36 Market Context: The price is consolidating within a symmetrical triangle pattern, signaling potential breakout momentum. This buy entry is positioned near a strong support zone, aligning with the lower boundary of the triangle and previous demand areas. The setup aims to capitalize on a...

tamrobert20

1. Current Price Context: The price is trading below a major resistance zone (highlighted in red). It has broken out of a consolidation or smaller rising wedge, indicating bearish momentum. Support Zone: There is a green demand zone below the current price, which is a potential target area for the sell position. 2. Confirmation for the Sell: Bearish...

tamrobert20

Entry Context: The sell entry at 2,646 is just below the key 78.6% Fibonacci retracement level (2,650), a strong resistance zone. This aligns well with the rejection of bullish momentum near the higher Fib levels. Technical Patterns: A Bearish Pennant pattern is visible, signaling a continuation of the downtrend. Price action is forming lower highs, adding...

tamrobert20

Key Observations: Indicators: RSI: Shows overbought conditions around the entry point, supporting the decision to sell. MACD: Indicates a potential bearish crossover, further validating downward momentum. Stochastic Oscillator: Also indicates an overbought level, strengthening the bearish case. Chart Patterns: A Bearish Pennant has been identified before...

tamrobert20

Chart Patterns and Observations Falling Wedge: A clear falling wedge pattern is evident, which is a bullish reversal pattern. This aligns with the marked Bottom 1, Bottom 2, and Bottom 3 zones. The breakout above the wedge suggests a shift from bearish to bullish sentiment. Accumulation Zone: Price consolidates within a narrow range (noted as an accumulation...

tamrobert20

Key Observations: Current Market Context: The price has broken below significant support levels, creating a bearish structure. The market has formed a rising wedge near a resistance zone (a bearish continuation pattern), which aligns with further downside potential. Key Resistance Levels: Immediate resistance is at 109.40, which aligns with the previous...

tamrobert20

Key Observations: Double Bottom Formation: The chart indicates the presence of a double bottom (labeled as "Bottom 1" and "Bottom 2"), a strong bullish reversal pattern. This signals that the market could be poised for an upward move after testing and rejecting the same support level. Support Zone: The Asian Low around 153.83-153.75 seems to have held,...