Oil at major support along with USD/CAD at major resistance, bearish divergence with price and rsi, looks like a good swing setup
the weekly buy zone for Aud/Usd overlaps a perfect 1.272 extension following a .618 retracement making a textbook fib friendly abcd, also theres bullish divergence with price action and the rsi, this trade has huge upside with very tight stops making for a great risk reward, also this zone is at a support level based off past price action that you can't really...
if the current candle closes below the lowest low of the previous candle than enter this short at the start of the new candle and thank me later
hi guys i hope this video isnt a mess i hope i got my main points of discussion/ help across in the video early so its not a tough listen, please comment and share not becuase i want to get popular i just really want to exspnad my knowledge and understanding of how the markets move with help from the community and the successful traders before me that have been in...
wave 3 was and extended impulse wave the reached 1.618 of wave 1 and when drawing a trentline from top of wave one t top of wave three I saw that where the end of the fish wave will be is almost exactly the length of wave one which is textbook considering wave three was the extended impulse wave within this 5, I was looking for shorting oputurnties off the retest...
boiiiiiii lets eat tonight Babey
I can't get over how perfect the touches are on the ascending trend line that helped my find this head and shoulders, price already broke and made a lower low, I missed that initial retest that was that long wick, im looking for to get short on this pair, I would like to see price move up to the neckline again making for a very safe entry or im look to get short...
been watching this for a while, called the earlier move down but didn't enter because I was waiting for a retest of the broken trend line, I entered already just market order because im going to be in the for a while, I think there a larger abcd play that could happen, and the retracement level of most recent swing high to the previous high also theres a little...
usd yen pair reacting to . 618 fib level, theres also a head and shoulders with a horizontal shoulder line and a possible sloping neckline thats not reallyconfirmed yet but im going to wait for a breakthrough ( to the downside) of up warding sloping purple/pink trend line then sell the retest of that Trent line, if your very aggressive you could just enter now, I...
would have bought a couple days ago but had problems getting to bank to deposit money, also longer term play possible huge breakout of bullish flag and or triangle forming, there will be a big breakout before July 26 mark my words
COT shows buying by commercial money and this chart supports possible reversal, along with gold getting some attention it might be time to start buying aussi dollar
look higher timfreame bounce in channel and on 4 hour it look like good breakout and on 1 hour it a nice Elliot triangle corrective 5 touch ready to breakout
looking for price to hit the 1.272 extension of xa but looks good so far
alot of things check out, macd hitting MAJOR resistance level, ab extension od 1.272 matches with out of other resistance, rsi is overbought, I don't like the c retracemnt its kind of big and a few other things but im going to keep watching and look at a few more things but fundamentally rn im bullish on the greenback and loonie while bearish on the cad so idk ut...
look for some consolidation around the big yellow support line
repost of trade taken that was great success just a repost with most things pointed out to show what every trade process should look like
on daily the macd is bouncing off the top of the symmetrical triangle thats divergerging with price support the fall even more, the rsi is showing over bought and the r1 point on pivot matched with top of ascending channel perfectly on 4 hour and daily, wait for some candles and confirmation of fall and short this bad boy, target will be bottom of channel best...