on DAILY: EURAUD is sitting around a resistance zone so we will be looking for objective sell setups on lower timeframes. unless price breaks it upward, then a bullish movement would be expected. on M30: EURAUD is forming a channel in blue (not valid yet) so we are waiting for a new swing to form around it to consider it our last swing and enter sell on its...
AUDCAD formed a valid 3 confluences setup: 1- Head and Shoulders Pattern 2- Objective Trendline (in blue) 3- Divergence on MACD (in red) our trigger would be a momentum candle close below our gray neckline.
GBPUSD This is my analysis for this trade, I post up all analysis on tradingview to keep track of my work. On this pair i have a falling flag at the end of its run. Break out forming the inverted head & shoulders. now price has broken the neckline of the H&S looking for the retest to the go long. i feel that price will consolidate for a period, then resume to...
we could see price creating a third drive as a new lower high, respecting the 78.6% retracement region. we could expect the momentum to further drop towards the targeted area -great risk/reward
clear an transparent trade, we can see usd/cad creating momentum, we could tap around the trendline as our third drive respecting the 61.8% highlighted region as 4HR candle. Momentum could lift prices to 1.4200 levels
US30 Potential Bearish Movement we are waiting for a momentum candle close below 23000 to sell this one Reason: 1- Regular Bearish Divergence on MACD (in red) 2- Objective Trendline (in blue) 4- Resistance / Round number in purple 24000 (in purple) Three confluences are enough to consider Selling US30, after a break below 23000 (in gray) once this trade is...
price has rebounded the third touch around the trendline, we could expect further downside pressure towards 1.4300. Risk/reward of 1:2 -price retraced to retest trendline and is now creating lower highs and lower swings to the downside.
EUR/CAD long term projections...
simple break & retest, whereby the price is also respecting our key fib extension which is in confluence with our trendline... waited patiently for this trade. -tight risk/reward trade 1:2
Very tight/clear risk/reward trade of 1:2.15 could see usd/cad creating a potential swing into the highlighted region before further downside pressure.
Quite simply put, price is still heavily bearish, and technically we have just seen an intraday break and retest on this trade around the 0.6741 which shorts were triggered. Am expecting further lows towards 0.5600 regions to be tapped. - great risk/reward trade of 1:1.5
Daily Structure was respected. came to 88.6 FIB before being rejecting lower, H1- Created a triple bottom, Bullish Engulfings, Cross of MA's, exhaustion Trades Already Entered 1st @ 0.68658 2nd @ 0.68806 3rd @ 0.68761 TP's will be between @ 0.70300 & 0.70800 Will Enter more trades if the market provides it
Daily Trendline being respected H4 - Price came up to 61.8 FIB, touching a H1 Exhaustion Zone before reversing back to the downside, Creating a FAT Bearish Engulfing H1- Cross of MA's, Multiple Bearish Engulfings, Minor Structure was broken and retested < H1 - Minor Trendline Break and Retest, Already in the trade 1st Entry @ 1.30666 2nd Entry @ 1.30456 Going...
Came back up to Exhaustion Zone that has been touched 5 times since December 1st Created a Evening Star Doji with a huge Bearish Engulfing on H4 Going to wait for a retest of 109.7 exhaustion / or a breakout below 109.45 with a clear retest and Other Confluences (MA's, Minor Structure, candlestick Price Action) showing downside move