The price has formed a rising wedge. We are expecting the price to break into the downside. We are looking for a retracement to a 50% Fibonacci extension. The price is bouncing off the top of the Bollinger band, which is a good indicator for us that the price will break out to the downside. Target: 0,959 Entry: 0,987 S&l: 0,998
NI225 broke a weekly uptrend and did fall down to the 50 fib zone and hit bottom Bollinger band, there should be retracement back to the trend around 29106 zone, this entry is safer but we can also look for an entry around 28049 since there is also a strong weekly support, after the retracement we are looking for a short position which we should hold until 23651...
***SMT = Smart Money Technique = the lck of believe and use of retail theory strategies. It is an algorithm that seeks liquidity and balance. We doon't trade off trndlines, no do we follow channels, or harminics, or belive in supply and demand. There's al Algorrithm nd the Candles givee you the keys. per ICT. And I could be extremely off for this. AAAlright so...
Not Many Shorts to take advantage of, but at least this will map out when they happen if they are to happen. Ahead we have Bearish order Block, 32.3450-32.5250, which should send it down to the Breaker Block is. This is where I would be looking to go long, near 31.0225 to 30.2100 (It's circled in the paths) In this area there is a Fair Value Gap just below a...
This is a high probability set up. we are low on the curve on W TF, The bull clearly shows it's strength after hitting W demand zone. our zone is on the 4 hour timeframe. you could set 2 TP on this trade, TP1 is 3 to 1 and TP 2 just before the next high-quality supply zone. Drop a comment below if you take this trade
On the big picture, it showed a double top was created, knowing that there is a high probability for the trend to change. our zone is on 1 H TF, there is a nice little supply zone there. this is a healthy 1 : 3 RR trade.
LOOKS LIKE A NICE 3:1 OPPORTUNITY. I HAVE ENTERED ON THE FAKE REVERSAL WICK
THIS PAIR SHOULD RISE TO THE RED MA, POSSIBLY TO 38.2, ONCE I SEE REJECTION WICKS I WILL ENTER FOR A SELL.
Now that we are out of the week-long descending triangle and holding here, maybe there are some opportunity to trade the swing. I put a red box where you might be able to short and green box where you might be able to long. This potentially gives each position side precisely 3:1 Reward/Risk Ratio. I have chosen the stop-loss on both short and long sides based on...
Hello all This trade meets my entry requirements, Bearish engulfing a few hours ago at Resistance (indicated with the down arrow) Retrace of that candle by 50% - I am now in that trade manually - Price action by the bulls is small compared to the bearish candle. It has started to roll over and make lower highs and lower lows too I am conscious of the Bulls...