Multi-Month Balance Break | SUMMulti-month breakout in SUM. Look for continuation. Balance area projection up at $26.
Balanceareabreakout
Potential Multi-Month Balance Break | AMDDecisive move above responsive selling ledge, through LVN, would suggest directional conviction and may portend a continuation up to the $100 price target (i.e., 100% projection of balance-area), a strike with a good amount of open interest. Adding, the resting liquidity at the ledge (upper boundary of balance-area) should support any retest.
fibonnacci dont lie. hodlIve really been zeroing in on fib patterns on every single chart. time after time.
when the circle fits. you must sit.
It always retraces.
cheers mates/
spend dem coins wisely
GBPAUD 60min Balance Area BreakdwonOk let's try this again.. Now short on this pair because of the Balance Area Breakdown.
Hopefully I wont get whipsawed again :)
Targets are down around the 1.58 even level.. Watch out for support around 1.5840 due to the "flash crash" lows.
Best of Luck!
EURUSD 60minEURUSD is in a descending channel going into a Major Support Level on the Daily Time Frame.
We went into a nice consoldiation pattern yesterday and are now breaking out of it.
I'm now short on it and looking to capture a move down to the 1.0942's
Best of Luck
GBPAUD 60min Balance Area BreakoutJust got long @ Market on GBPAUD.
It has created a small balance area on the 60min over the past couple trading sessions. We just saw a break and close out of that balance area.
Best of Luck!
AUDUSD 60min Balance AreaAUDUSD is at a Major inflection point in the Market. We are currently at a Daily Trendline and at Major Resistance. Right now the market is coiling up at Resistance. Now, it could be coiling up for an upside move through Resistance or may be coiling for a downside move to stay in it's current trading range on the Daily. We don't know. However, with all that said, I would give edge the Seller's just because of all the resistance we are sitting at currently. Also, the RSI is worth noting here. It went overbought and is now showing major divergence.
I will wait for a break and close out of the balance area to give me direction.
Target #1's are shown on the chart. Target #2 will be your discretion (Trail stops, structure, fib levels, etc)
Stops will go 1 ATR behind the Breakout Bar.
Best of Luck
