After having lower-low swings, here found that price is forming buy momentum. In this position I expect that price could potentially test the nearest resistant at 1.55483. attentively waiting for entry short term if price a bit pulls back. Good luck guys.
Hello everybody, hope you have a good day. If you are a trend following trader, our AUD/USD current price is probably legit. We have price already made a first uptrend-pulse move as shown in a picture, now we are looking for a second. price could potentially either shoot up breaking new high or make a pulse as before. imo, This setup is well because we can find...
GBP/USD is yet an uptrend, but a minor trend created waves making lower-low consequently. giving us a short period of time to get a sell again. as long as price don't make new higher low, our sell order still secures.
It is a simple idea of false break out occurring just a moment. the best way to play the game is finding a long position. the reasons behind are a short stop loss and pullback of sideway range. the target just right at 60 - 70% of previous high.
Gold has crazy moved down on Friday and already broke the weak support at the blue order box. Typically, in basic structure we should ignore this zone for valuing a long position as many as possible whatever it forms (demand,supply,support,resistance) since it is the first band after price has move down and there is a stronger demand zone nearby. btw the...
Let's give attention on NASDAQ a bit. Price have formed an uptrend characteristic since 13 Oct at its bottom and now have some cooldown. The nearest demand zone places on the green box as we can see the zone clearly on M30 timeframe so price may make an injection from there.
I don't know how to write and I have nothing to write. Everything written by its own on screen. May I need to copy this statement to paste in the next idea. I was just forcibly built this area to share to my friends and my brother. hope that we can improve our trade for each other. I don't know how to write in my own language and my English is so bad. (I deeply...
Gold soon is going to hit 50.0 fib and we have a previous imbalance having shot up from last week. In this demand area we need to aim for long position as a continuation of up-tread. wait for the momentum candle or reversed signal before trade.
I hopefully price will be going a little lower to an 88.6 fib level. I believe that price won't shoot up at this level, instead price will increasingly build up to maintain the up-trend again, so keep eye on when the USA session arrives.
price has tested SBR line and made a triangle pattern, broke its form already so we can have a good sell here as long as price keep forward going down to fib 61.8 - 78.6, stop lose just above higher low. be careful of the chance that price shoot up at fib 50.0, good luck PEPPERSTONE:NAS100
PEPPERSTONE:EURAUD EUR/AUD sell-limit setup in advance, short term target.
Never hold the position longer, risk/reward 1.25 is completely fine.
wait for pull back for a good QM pattern at 1653.93 - 1657.22 , That will be great to have a buy position in a short term.