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GBPUSD: Key plays that can happen next weekThe prices have been consolidating creating a range bound zones between 1.29799 & 1.27732 for little over a month at this point. The 1.27732 level has been the previous points of resistance in the past, in which has now become a current support. The current trajectory is looking like it will cross this point and depending on how the daily candles close below or above this purple zone in the orange box will determine whether it'll create bullish or bearish movements for the next two weeks. The following things are possible: 1. The break and closure of 1.27732 will cause the price to dip below and try to reach 1.25765, which is the next past resistance, thus turning it into a new point of support. 2. The retest of 1.27732 can prolong the range bound movements, then we'll need to wait until it'll break or retest the new uptrend. If it breaks the uptrend, scenario #1 can still happen. If it retests, it would try to reach 1.31765 just like it has in the past, eventually then to the weekly resistance of 1.32979.
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by violroll
Tyree Thomas Jr use Kobane Trading Plane on Eur/Aud 4 hr I Tyree Thomas Jr used my Kobane Trading Plan that was taught to me by mentor IM Academy's Curtis Kobane Branch. The trend lines that are used to analysis and trap the market were drawn on the Daily time frame, and the sweet spot Fibonacci levels were drawn on the 4 hr time frame, and the stop loss was drawn at the most recent low. I choose to use the trend lines and the Fibonacci tool as indicators to tell me what market price is going to do instead of using the traditional indicators because I like to naked trading, meaning trading without traditional indicators which is what Curtis Kobane Branch taught me how to do on IM Academy live forex trading training TV session.
by Tyreejr
My view of US30 obeying price/market pattern showing what might The patterns showing is basically impulse/partial impulse, ranging and breakout with the last kiss confirmation, the last kiss is identified by closing of the breakout on the outside skin/edge of the the resistance or support line/zone/channel touching the most recent highest or lowest touch as the case may be, therefore bouncing away from the zone, youd gather a lot of pips, its us30, lets watch closely DISCLAIMER! The idea is to predict price movement and as such, nothing is guaranteed as you are liable for your actions, trade at will
OANDA:US30USD
by Geezee887
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