we see that EurNzd has broken from its flag pattern and has come down to its support zone. Strong buy with a good RRR having SL just under a previous low. (Look for a retest back downward for potential impulse)
Gold Buy setup with high RRR. Setup is analyzed with Order Block methodology.
We can see price is beginning a downtrend on a higher timeframe, so I made my call for price to retrace to previous support at 0.6886 for a short position. Price has now returned to support and agree with my call, so I am entering a short position with an SL at previous head and shoulders support. (Entry for shot or swing trade) Thanks!
During the last 2 months, we have seen price go in a bearish trend into the 1.56 support range, now we're seeing price repeat a similar bearish downtrend down towards that 1.56 support range. Currently waiting for a retest back downwards and an obvious reversal for my Long entry. (if we see price break support it doesn't mean look for short positions right away,...
We all saw the breakout in bitcoin today now were looking for a pullback, cause what does price do, always come back. after a good reversal is found on the Fibonacci, high RRR position!!
AudJpy is looking like we're about to enter a buy this week with its big rejection pattern from trendlines about to repeat itself on the 4h after it made itself clear on the D. Looking for a dip down to the 80.36 level off the Fib into our take profits (potential small sells?). Looking to get the most accurate, sniper entry to get a RRR around 5-6 or even higher.
FX:AUDJPY had a nice run up on open inverse to weakness it showed on Friday. The pair seems to have slowed down on the buy side and I expect to see some sellers come back at these higher price as nothing significant took place over the weekend to cause this run up. I am targeting a 3-1 5.9-1 and a 7.6-1 RR ratio as I expect that the move a very similar (if not...
FX:NZDCHF buying looks significantly weaker and it appears ready for a drop. I have identified 4 potential targets of retracement and while this isn't the ideal entry it will do. I will be monitoring my trade closely as it was very choppy on the way up and volatility could be a reoccurring theme throughout the week with much happening in both the European and US...
The Pound had a decent 2020 year, outperforming the Dollar despite uncertainty of Brexit and large relief payments made to their citizens. As it approaches it's 2020 highs, a correction makes sense. This short is a play on break of structure which I expect would cause a lower swing.
Here is a well defined risk to reward ratio, Walmart has been doing great with holding the trendline and the upside is healthy. with more covid-cases I can see their online sales getting another boost. So what do you think? is it a good set up for entry ?
This is how I think it will play out :)
We played AYX before!
to $96.75 mln
Hi Traders! The market is in an Uptrend. Let's begin our Multiple-Timeframe-Analysis with the Daily: The market is clearly in a strong Uptrend. We here have an ascending Parallel Channel. The price is also respecting those other S&R Levels. Great, here is the H4-Timeframe: The market was moving in a consolidation. Then it came back and is now retesting...
With markets retracing watch for a good Dip buy entry tmr!
Not a bad cadchf short with only a 15 pip stop loss. Let's see how this one runs. rejected the 0.786 Fib and created a strong area of resistance.
Hi Traders! The market is in a Downtrend. As always, let's look at the Daily Timeframe first: So, we can see the market is strongly respecting the Daily Trendline. We can identify the Trending Moves and the Consolidation Stages. Pay attention to that the market is now near the Trendline again. Now we switch to the main (H4) Timeframe. The market is falling...
The multi-year resistance level we have been discussing in this market in recent times has now been broken with price making a solid move higher. There looks to be a large amount of space for price to move higher into, so the resistance level price has just broken out of looks to be crucial. If this old resistance can hold as a new support price flip level it...