UJ failed to make new lows indicating a retest of January highs is possible. I will be looking for a long opportunity for this pair. If you check my previous posts on UJ, I have been looking for Long opportunity for the bigger time frame. Trade with care! :D
Lately we have seen a very weird scenario in gold and the xau index. They have differented from each other, although they have been following each other for a long time, as you can see on the chart. (Red line illustrates XAU index and canldes gold). An AB=CD pattern and a bearish gartley pattern is soon formed in XAUUSD and that is a good short setup, since we...
Hi traders, There are hundreds, if not thousands, of trades posted on Trading View every day. Some are hunches of what the market MIGHT do, others set definitive entry points and profit targets, and others anticipate the completion of certain patterns. But how do we separate the wheat from the dross? I want to be as transparent and accountable with my...
For this trade, I took a position short based of the following: - Overall momentum was bearish - Daily direction prediction (DDP) was bearish - Daily pivot point coincided with the 20 EMA on the hourly chart and previous support zone - Price previously made a lower low - No resistance areas in the way of 50 pip take profit - Daily, 4HR and 1HR charts...
This trade right here is a textbook short. The price level just bounced with decent rejection off of a long term, important price level, and with the weak attempt strength, its doubtful that this trade will be going higher than lower in the next week. I'm shorting to .98104, although I may get out sooner if I sense price turning around quicker than expected.
All technical indicators are oversold with signs of reversal on Daily and Weekly time frames. Additionally, we touched th 200d MA and bounced off of it. Be careful though, this might be a short lived bull run as we might fail to break 3.1 and thus create opportunity for a leg down. Thus I will set my first target at 3.1 and wait to see if there are signs of weakness.
key levels here, swing idea, and beautiful structure
usd cad showing some signs she want to go long.
the proof is in the analysis. easy call coming up
Hello traders, here's a potential breakout to watch out for on the EURJPY. The weekly time frame shows a bearish bias and a rejection of the 100 EMA a few weeks back, so personally I'll be looking for a breakout to the downside. This 4HR chart shows that price action has been ranging in a tight area for 2 days now. The price has been ranging below the 100...
Triple touch at the top. Resistance at 121.000 right now, waiting for break downwards.
Wait for the continuation after the consolidation.