Forexpositive
AUDNZD AnalysisWave 4 Pullback to 0.382 Fib... wait for confirmation.
We could potentially see a wave 5, produce a higher high
Clean as possible 🦈
Comment your opinion below
EURCAD PERFECT TIME FOR BUYMarket SeveralTime Move From This strong Support Level .
Market Should Respect This level and PullBack From This Level To 1.5400 At least
IF Market Break This Support Level 1.50000 Awaiting
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audjpyaudjpy broke retest zone on fibbonaci lets see moves see next update
for any question you can writte me on tradingview or email gauss_1204@outlook.com
eu eu move 120+ pips down much times touch on 38%fibbonaci and finally move down
for any question you can writte me on tradingview or email
gauss_1204@outlook.com
cadjpy update last post update cadjpy fibbonaci golden zone up 40 pips so now looking for a good entry for sell if the brok that zone probbaly go sell
trendline broke retest
for any question you can write in tradingview
email : gauss_1204@outlook
Market Cycles ExampleEarlier this morning I was working with a student covering the 3 main types of market cycles in FOREX and I figured I would share it. Using USD/JPY 4hr as an example, you can see three differently colored zones. Green/Red reference bullish and bearish price action. The blue zones represent consolidation.
Price action is defined as, "basic movements of the price, to generate signals of entry and exit in trades and that stands out for its reliability and for not requiring the use of indicators". Price action is simply how prices change - the action of price. It mostly relates to the pure psychological intention of the majority of traders (Bulls vs. Bears).
Consolidation zones (blue) occur simply because buyers and sellers within the market are in agreement. You will see much less volatility and liquidity during times of consolidation. We use this to our advantage with the strategy we have developed, by looking for secondary retests at the bottom or top of areas where consolidation has previously occurred to predict price action before it happens.
I suggest that you pull up a 4hr chart and begin to back test by drawing the three types of zones to get more aquatinted with being able to spot these out. This will help you always maintain awareness of which current state the pair you are trading or analyzing is in.
03:05:59 (UTC)
Sat Jan 4, 2020
Example of an Ascending Broadening WedgeThe ascending broadening wedge is considered to be a reversal pattern, and is bearish in nature. Though the pattern is typically a signal of reversal, continuation of the uptrend is still possible.
When present as a continuation pattern, the wedge will still slope to the upside, but the up-slope will typically be found as a pullback within a downtrend. When present as a reversal, the pattern will slope to the upside within an uptrend. Regardless of continuation or reversal, ascending broadening wedges are always bearish in nature.
All information and material is for educational and entertainment purposes only and is not intended to provide financial advice.
01:22:09 (UTC)
Sat Jan 4, 2020
Executing on a 3rd-drive & Retest of 618/KL (+421 pips)
This was a great example of how using multiple confulces in alignment with a solid risk management plan can make you absolute bank.
Confluences for this trade include the 61.8% retracement zone, the approaching of the ascending lower trendline, and the key level that the pair was trading at.
Signs of rejections also on the 15min timeframe just during executions were also a major factor that attributed to this trade.
10's & 03's to invert again in 2020?FRED:FEDFUNDS 01:37:23 (UTC)
Fri Jan 3, 2020
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This is not financial advice. I am not a licensed financial advisor. Seek a licensed financial advisor before making any investment decisions. I am not responsible for losses or gains that may or may not occur in the marketplace. Forex carries a high level of risk not suitable for all investors.
Inverted Head & Shoulder Patterns can be profitable (+145 pips)This pattern has four main sequential steps for it to complete itself and signal
the reversal:
1. The left shoulder is formed when the currency pair reaches a new high and then retraces slightly to a new low.
2. The formation of the head occurs when the currency pair reaches a higher high then falls back near the low that was formed as part of the left shoulder.
3. The right shoulder is formed with a high that is slightly lower than the high formed in the head but is again followed by a fall back to the lows of the left shoulder.
4. The price then breaks the neckline/trend-line. In other words, price falls below support going on to break the level of the three lows created by the previous head and left shoulder.
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Any opinions, news, research, analysis, prices, trade discussions, or other information contained on this website are educational in nature and merely provided as a presentation of trading strategies. Commentaries made on this website reflect our own opinions and trading techniques and do not constitute investment advice.
All information and material is for educational and entertainment purposes only and is not intended to provide financial advice.
I'm not a registered investment advisor.
02:19:27 ( UTC )
Thu Jan 2, 2020
