US30 is truly my favorite pair to look at and I look at it consistently everyday, I try to keep it simple with my analysis so it doesn't seem overwhelming due to the volatile movements, with that being said I am expecting a BUY since price is now back at the bottom of our channel Note: Price has been in a Flag Channel since MARCH 2021 Major Structure: ...
In order for ETH/USD to maintain the support of the bull trend it has been in on the weekly time-frame all these months, there will have to be an enormous amount of bullish sentiment. The bearish price action on shorter time-frames throughout the entire crypto space at the moment suggests that there will soon be a capitulation phase that will certainly bring...
AUDCHF is sitting at a all time support from what im able to see on the charts since 2015 AUDCHF was never below that price, this can be a good opportunity
I am going to start posting mostly DXY charts here now, specific pairs or questions are available to followers or email trader.constantfx@gmail.com
AUDJPY approaching major area of value. With the brief exception of the financial crisis price hasn't breached these lows in over 15 years. Will be favoring longs. Keep an eye on price action at the level and be on the lookout for buy setups. Tremendous upside potential comparative to the risk. Good luck!
NZDJPY is approaching major historic support offering some fantastic risk vs reward long-term trading opportunities. I'll be favoring longs as price continues to head lower. As I'm favoring longs at this level, I'll be keeping an eye at this level to see how price action responds looking for buy setups.
140-139 is a key support level on the daily candles Plan is to enter a smaller position now and add size at 139.30 if there is a break below 140.00. Stop loss is set below 138.50 First resistance level of take profit level is 142.70 and 144 in extension
- Major daily support level of 1.1530 holding up as we can see several candlestick rejections on the H1 timeframe - Bullish divergence on the H1 using both stochastics or RSI which paint the same story of unsustainable price decline - EUR/USD seems to be ranging just above this key level before it decides to break 1.1620 and aim higher - 60 pips target with 35 pips stop
Amazing Conjunction between Advanced Gartley Pattern, Fibs, ABCD Patern, Major Structure Level, RSI in Overbought condition All compiles in one place - 7120.., It would be interesting, don't you think ? :)
If TOP Structure Restest then I will go SHORT! If Bottom Structure restest I will go LONG! Hope any of those two will gain me some PIP$
Now that price came to our major structure levels on the daily we seem to be having a hold.This indicates a potential buy for as confirmations of double bottom,higher high higher close and pullback have occured I'm entering next bar market on this one.
Good day (and night :-)), All! FTSE* FOREXCOM:UKXGBP has been moving within grand triangle structure since May 2017. Currently, minor WW is shaping as the index bounced of point 4 and is heading North to point 5 (basically the wave is forming right in between the borders of the triangle). Once successful and if major violet formation holds well, it can...
Hello traders, If we have a double bottom at this level, I will looking for a reason for going bullish. Notice this double bottom would be at major structure support and we have a RSI oversold. For agressive traders, you could enter after close of bullish candle. For more conservative traders, you could wait for a 2618 formation to enter bullish. Hope this helps !
As I am getting ready for my live trading room, I came across this very nice butterfly pattern that will complete at this major structure level. Now I normally don't trade butterflies, due to the fact that they complete below X, and this is where i place stops on the other advanced patterns I trade. But when I get a setup like this, well now I have a structure...
The EurJpy is now up into a major structure zone here on the 240min TF. We have structure, fibonacci confluence and a Bear Setup on the Stochastics (which is what the red arrows are pointing to). If you are looking for a longer term hold, this has a ton of potential. If you would like to watch me break this down, here is a link to the video. youtu.be Good luck...
There is a potential trend continuation trade on the USDJPY -0.72% Building a case for Entry 1. Major Structure Support 2. AB=CD Harmonic move terminating at structure 3. Advanced Bat pattern Completing at structure I'll be using the bat pattern as my entry technique to get into the trade. As far targets go, you could shoot for the conventional targets or trade...
You have a potential bullish Gartley pattern that will complete right at the major support level on the GbpJpy. This support level has held since the decline after Brexit, and it is as good a place as any to look at getting long. Add the Gartley pattern completion and you have a nice potential setup. I just put out my weekly forex preview on my you tube channel...
The pair is still in a strong downtrend on the higher time frames. In the medium term price has found balance and has consolidated and we have a good resistance zone between 163.900 and 166.000 offering a good entry location if we get a weak pullback towards that zone. If the zone holds we should see another move down towards at least 156.000 and if that handle...