All I wrote there is saying the candle patterns and reversal, and I see a lot of bearish reversal and really few bullish reversal. If you are wondering what do I mean with "If engulfing bullish or three line strike bearish, DON'T SELL", what I mean by that is, that if you see a bigger green candle than the previous bearish candle, it could be reversing and keep...
Will be looking to take a short position on CAD/JPY due to the following reasons: - 4th descending trendline touch - Bounce of 50 EMA - LH & LL have been made Trade safe
going to be watching this tomorrow for a short opportunity depending on how it reacts around 5.50/6 level (whole/half dollar resistance)
- COULD SEE SOME SHORT TERM UPSIDE, BEFORE FURTHER DOWN TREND...
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YEAH THIS IS REVISION 52052305050
same as before I guess lol
200 Ma is holding as good price support hence, expecting price to pull back and test daily resistance @ 0.78019 zone before continuation of downtrend and break of trend line for short positions for a lower low to be formed. If we fail to see a break of the ascending trend line and resistance @ 0.78019 zone is broken we may see upside movements towards 0.79000.
TRADE WITH CARE THIS WEEK AS FUNDEMENTALS WILL RESULT IN MAJOR VOLATILITY ACROSS THE GBP AND EUR PAIRS!. A FULL ANALYSIS BREAKDOWN WILL BE UPLOADED ONTO MY YOUTUBE CHANNEL BedroomBillions, Follow me on Twitter & Instagram @ Billionsfx , for regular market analysis Following the upcoming brexit referendum gbpusd is likely to see large amounts of volatility,...
PRICE ACTION TRADING. STEP THIRTEEN Find a supply and demand zone. STEP FOURTEEN Find a PINBAR at demand or supply zone. STEP FIFTEEN Add RSI 7 Close on your chart, and check if it is above or below 70,30 zone. ( Overbought or Oversold ) PRACTICE,PRACTICE,PRACTICE AND PRACTICE SEE YOU AT NEXT VOLUME !!