Price is at the 1st high we marked out. Saw a very strong retracement that retested the support area before the bullish push. Expecting some retracement at this high or a consolidation (green box zone). The Trend Meter reads bullish at the moment, just waiting for other confirmations to show a continuation higher. Last Analysis -
This is a good example of the relationship between supply and demand, accumulation and distribution (see the 1m chart insert from Friday 17th September). Price is constantly fluxing between the two forces deciding who has control of the market. At the point where the recent high fails to break, this is a strong signal that sellers could be in control and shorts...
FX:EURAUD This is the Old Chart of EurAud, this the example of ranging market, it happened from june to october 2020 ranging market usually find on transition between different trend structure. There are 3 reversal pattern failed before the market change the trend. you must be extra careful in this type of market structure. and this structure can be last for months
Monthly chart of AUDNZD looking like going through Wyckoff's Accumulation phase... If it break the Trendline then it possibly going to be long let's watch what Is going to be Happen... I also watched Bitcoin is also going through Wyckoff's Accumulation phase... . . .
Base on the current chart. Where will the market go? Current price is at 84.660. A) Bullish , Long , Buy B) Bearish , Short , Sell We cannot control the market however we can control our risk. No right or wrong answer. We as trader just need to control our risk. Keep it simple. Lets share the knowledge. Like and share. I am a day trader as such I react to the...
Hello guys, in today’s day trading analysis I would like to show you how to trade the P – shaped profile on a nice example that has formed on EUR/AUD. Price Action Analysis If you look at the EUR/AUD (60 Minute chart) then you can see, that last week the price went down, then up, and then there was a rotation. This tells us that the price tested the lower...
Today we will talk about a very common situation that occurs in the vast majority of traders (if not all), especially when we have just started to get into this bussiness. There is a consistent struggle between convictions, ego, and market views or analysis. This generates that we try to see in our analysis what we want to happen, or what we need to happen, and...
ELLIOT WAVE example for AUDJPY 🔹Disclaimer: This Chart set up is to be used for educational purposes only, this information is not a recommendation to BUY or SELL. 🔹Seek Professional Financial advice if you are going to invest or trade in the FX Market
As with all great trades, we require a trading plan. This is a perfect example of how to analyse, execute and manage your trade. See linked chart for the initial trade idea. See below for a step by step guide on how we entered this trade and what we looked for. Goodluck and trade safe!
As with all great trades, we require a trading plan. This is a perfect example of how to analyse, execute and manage your trade. See linked chart for the initial trade idea. See below for a step by step guide on how we entered this trade and what we looked for. Goodluck and trade safe!
Signals: In an uptrend look for the indicator reversal points below zero to go long. In a downtrend look for the indicator reversal points above zero to go long. Trend identification: A rising ROC typically shows uptrend and crossing above zero line confirms the uptrend. A falling ROC typically shows downtrend and crossing below zero line confirms the downtrend.
Here I'd just like to go over a great buy position on EUR/AUD. We know the pair is in a long term downtrend. This doesn't mean we can't take intraday buys on the pair providing we target sensible levels. Here we are highlighting how a trendline can be utilised as dynamic resistance. The fibonacci level drawn from our 1hr swing low to high shows that our 0.764...
This was a beautiful trade from earlier on during the week that I unfortunately missed haha. As you can see the confluences are stacked and the entry is always when the momentum enters the market.
I am expecting AUD/NZD reversal. Broken previous LL level Oversold
📚 LEARN MORE 💰 EARN MORE With ForecastCity FLAG pattern Definition: A FLAG pattern is a continuation chart pattern, named due to its similarity to a flag on a flagpole. A flag is a relatively rapid chart formation that appears as a small channel after a steep trend, which develops in the opposite direction. After an uptrend, it has a downward slope. After...
📚 LEARN MORE 💰 EARN MORE With ForecastCity Ascending Triangle Definition: An ascending triangle is a type of triangle chart pattern that occurs when there is a resistance level and a slope of higher lows. It is defined by two lines: . A horizontal resistance line running through peaks. . An uptrend line drawn through the bottoms. The higher lows...
📚 LEARN MORE 💰 EARN MORE With ForecastCity Ascending Triangle Definition: An ascending triangle is a type of triangle chart pattern that occurs when there is a resistance level and a slope of higher lows. It is defined by two lines: . A horizontal resistance line running through peaks. . An uptrend line drawn through the bottoms. The higher lows...
Hello everyone, if you like the materials in this video, do not forget to support with a like and follow. and feel free to post ideas/suggestions for the next educational videos in the comment section. See you in the next one. ~ Rich