SPX since coronaSeveral phases
THE DROP
CHANNEL
CORRECTION
ABCD(median line reversal)
RISING WEDGE
Rising wedge retest/new wedge
NOW AT TOP OF ALL CHANNELS
(Log view)
NOT TRADING ADVICE
Actionreaction
OILI've taken the linear monthly chart
Marked the major pivots
And used the pitchfork that encompasses pa best off those pivots
Using consecutive pivots
And always high-low-high
Or low-high-low
Oil is going to 50 real quick
NOT TRADING ADVICE
Andrew's pitchfork and action-reaction line in USDCADThis is a heavily speculative post. I recently read Dr. Andrew's works and was completely fascinated by them. I am putting it to the test.
The price will bounce at the intersection of the lower parallel line of pitchfork and reaction line 1 and hit the intersection of median line and reaction line 2.
Uptrend pullback shark Higher time frame Bias is uptrend, we have a complex pullback with a shark completed on the 1H time frame, price is again making lower lows/higher highs, this looks like a good buy using the previous highs as targets!
EURGBP: sell for 31-76 pips1. A reaction swing is in play
2. Entry trigger to be activated below the sell off phase of the distribution
3. Projected target is for the full reaction move (action/reaction theory) or earlier exit
EURJPY: buy for 32-75 pips1. A reaction swing is in play
2. Entry trigger to be activated above the buy off phase of the accumulation
3. Projected target is for the full reaction move (action/reaction theory) or an earlier exit
USDCAD: short now for 68-145 pips1. A reaction swing is in play
2. Entry has been triggered at the sell off phase of the distribution
3. Projected target is for the full reaction move (action/reaction theory) or an earlier exit
XAUUSD UPDATE INTRADAY OPPERTUNITYSTILL WAITING PATIENTLY ON GOLD AS WE SEE GOLD IS MOVING THE MAJOR PSYCHOLOGOCAL LEVEL
Expiry Range for tomorrow BLACKLINESWe expect that the Bearish Character made today would be reflected tomorrow with above ranges to consider for the expiry strategies.
NASDAQ Analysis complete !I call a short short (short sell)..
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BTCUSD 54019. 76 + 10.01 % LONG IDEA * PRICE ACTIONHELLO EVERYONE
HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE IN THE MARKET THIS WEEK, HERE'S A LOOK AT THE BTC / USD.
* follow your entry rules on entries
* significant moves with the bears change the plan.
lets see how it goes.
many stars must align with the plan before executing the trade, kindly follow your rules.
HAPPY TRADING EVERYONE & LET YOUR WINS RUN...
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ENTRY & SL - FOLLOW YOUR RULES
RISK-MANAGEMENT
PERIOD - SWING TRADE
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If this idea helps with your trading plan kindly leave a like definitely appreciate it.
GBPJPY SHORTMARKET STRUCTURE in place , indecision bar close off a key resistance area , confirms reversal with a good Risk Reward Ratio.
I'll try to ride EURJPY downUsing the action - reaction theory here, trying to reach the bottom of the pitchfork - let's see how it goes.
We have already formed some sort of heads and shoulders pattern that has now passed under the 34 moving average, therefore we are projecting a downwards move
GBPJPY - Potential LongAnother look at GBP strength potential plays, news with the vaccine for britian.
GBPJPY great 4hr continuation last week, lets wait for a pull back on 4hr or if GBP pushes on higher use 1hr bounce.
Where are you looking this monday? Silver? Seems all talks are about and around what reddit WSB are doing.
EUR/AUD market setupMajor resistance around the 1.5745 area with previous signs of rejections around that price region exhibiting that, also 78.6% fib rejection adds further confluence to that bias.
risk/reward ratio 1:2
Break of structure? long? Price has broken out of the falling wedge pattern, looking for a retest of the previous trend line for momentum to continue to push this pair higher. Horizontal lines are taken off the weekly timeframe.
Freshtrop LongFormed ascending triangle pattern and volume has increased. Can look for a short term trade.
BUY FBAs we can see on the chart, FB is going up, after sellers have done their job, buyers now are taking the market. BUY FB
SELL AUDCADFirst thing AUDCAD have reached it's HH which show us that buyers job is done, so now it;s sellers turn to take the market, moreover acording to our strategy which show us that the market is on sale. SELL AUDCAD.
AUDCAD - Shift is HereWe may actually be ready to witness the long awaited structure shift on AUDCAD. Price wiped out the double top sellers with that strong liquidity push to the upside as well as trapping more sellers at the ascending channel break. I would assume this is enough for the banks to now create a strong move, we may see a slight pullback before continuation.
