Looking at past price action on the 6, 4 & 3-month chart, I can see the price has pulled back to 78.6% fib levels in July, Aug & September which are the last 2 months in the financial year and 1st month in the new financial year in September then after September during Oct, Nov, Dec price has accelerated bullish with huge engulfing candles (Santa Clause rally)...
I am placing an order where the red box is. Entry is the upper side and stop loss is the opposite end. Placing my order behind a previous low where naturally stops will reside - this low is also a previous daily bar low. My entry and where the AB=CD ends is at the 20 Daily Moving Average so expect a bounce from there. The fans of harmonic patterns can recognize...
Analysis is on my chart. Best of luck traders! Keep your risk in check.
NAS100USD , Nasdaq broke bullish structure, with a retest on lower timeframes. Time to go bearish on Nasdaq
OANDA:GBPUSD GBPUSD in an overall bearish trend on higher timeframes(DAILY,4H,1H). Price broke a key level of support to continue its bearish move. Let's wait for a possible retest at one of the FIB retracement levels alongside a bearish reversal pattern to go short on GBPUSD
Weekly Swing Watchlist Rough trading week with some strong downside volatility in my positions. Can really see this week going either way at this point. #1 Secondary Watch $IIVI HTF ACB Long Monthly - 0.618 fib Weekly - Support/Descending triangle/Wave 4 ABC pullback Daily - Support/Decel/MACD/Low test LTF - 1Hr Symmetrical Triangle/MACD...
Weekly Swing Watchlist Pretty slow looking week. Will be interesting to see whether the volatility comes back or the money printer is out in full swing. #1 Secondary Watch $IIVI HTF ACB Long Monthly - 0.618 fib Weekly - Support/Descending triangle Daily - Support/Decel/MACD LTF - Waiting for break of 4HR 50 ema/1HR trend line RR - 3...
price make a low so interested smart money reversal
Waiting for break the trend line for trap the trader.
according to sessional tendency feb is in consolidation but jpy is strongly bearish . Cot report show the commercial increase there long. in price make a Quasimodo then break the previous . its indicate the strongly bullish
aud sessional tendency show the uptrend till march. so in daily price break the previous high and show bullishness in price action waiting for retest..
according to sessional tendency February is bullish for the AUD. COT report and graph show the Commercial are silently increase their longs and close their short .. price action show the bullishness of Audusd because of high demand on institutional level (daily ob ).. best of luck check my previous analysis
trend is bullish so waiting for retrace ..entery will lower time frame
price make new higher high waiting for retest entry will ne lower time frame .
golden area waiting for 3 push or ote pattern
price on consolidation but waiting for LTF SIGNEL ,
in monthly, price on bearish order block .now in monthly hummer candle appear ,,
weekly daily and h4 bullish..so waiting fot OTE.