Your divergence signals plug is back at it again !. REASON FOR THE SELL TRADE 1. Our 200 EMA is serving as our 50% (Average) level on our RSI. 2. The confluences are as clear as day, both at our previous resistance and our trendline 3. Price is already overbought but not over over bought yet, price must be over over bought at our confluence. 4. Divergence...
So been stepping out on time frame and looking at the current run up as a smaler fractal of the run up to the ATH, and found some amazing confluence and patterns emerge as i drew this chart up, which shows that we are in a mirror image but on smaller time frame of the run up to ATH
With my order block in place in combination with price action and confluences with Elliots wave, i will be risking 10% of my account on this gorgeous analysis (Fundamentals made this analysis possible...if you was wondering !.) If you like this idea, leave a like, share your thoughts in the comment section below and remember, different traders have different risk...
Apologies for not recording a video for this second part! I tried, 3 times, but it would not upload for some reason! Grr! I explained the different scenarios that could play out, in Part 1. What will I be doing? Hmm.... I will be looking for shorts at position #1, should price make it there. There are three confluences of support there: the 618 fib, the...
Looking to enter longs on a pullback to retest broken resistance which is now key support in confluence to the 0.5 fib retracement and respectable ascending TL.
Nice potential opportunity to enter longs a pullback retesting the broken descending TL in confluence to the previous area of S&R and 0.618 fib retracement. Further upside expected.
Looking to enter longs on a pullback to retest key confluences: - Broken descending TR - Previous resistance now support - 0.5 Fib retracement level - Respectable ascending TR
price is still consolidating around the 1.3700 price region, we have found some intraday bearish exhaustion around 1.3620 which has acted as liquidity zone previously, and have seen some buying power around this zone. risk/reward slightly tight
signs of bearish exhaustion around the -27% fib region acting as support as price failed to break below it, even followed with another spiked rejection could further add consensus to our bias, which we could expect some upward shift in price action. risk/reward is 1:2
utilising the market trend as a general map of how price action is behaving, USD/CAD has been trading aggressively bearish. Despite price attempting to reverse, we see a strong confluence around current price region acting as a resistance for candlestick rejections as well as a key fib level. risk/reward ratio 1:2
As clearly mentioned price is respecting our 61.8% retracement region, we could expect potential downside pressures into previous spiked lows. risk/reward ratio is 1:1.5
Price is exhibiting some rejections around the 61.8% fib region, this could be a point of momentum shifting towards the downside. risk/reward is 1:2
Hello everyone, if you like the idea, do not forget to support with a like and follow. on DAILY: EURUSD is sitting around strong resistance in green so we will be looking for sell setups on lower timeframes. on H1: EURUSD formed an objective trendline in red so we are waiting for a momentum candle close below its last swing to sell. Trigger: Waiting for a...
the onset of negative sentiment towards the UK with Brexit negotiations falling etc, the price has retraced to a nice rejected fib region. We could expect further downside to previous levels and possibly lower.
Price retraced to the expected region, awaiting for spikes towards the highlighted region for potential short entries. the 1.3450 zone is a key 61.8% retracement region with the counter trendline acting as additional confluence, price is currently trading within a 4HR consolidation box if the candle closes below to the downside, then we can expect the price to...
-Respectable descending TL, retest expected -0.618 fib retracement -Previous support now resistance -MA50 momentum shift
price rejections around the -27% fib region which have previously shown respect to on two different occasions, despite GBP/nzd seemingly being bearish on a larger time frame, we could look for some potential upside before maybe further downside. risk/reward ratio is tight as usual
On higher time frames, e can see that eur/cad is continuously bullish and exhibiting higher highs and higher lows. Most recently, price retraced lower to favourable regions where price rejected the 50% fib region which gave us a reason to go long, however, if we see a deeper rejection into our trendline we will look for further longs.