A SNR ENTRYperfect hook onto one type of trading methodology is the support and resistance. Here price has broken support and filling in it for sellers making it as a resistance.
let's see how it falls.
SNR
USDCAD Short - RallyPrice has broken major support off resistence and as SNR structure is formed. A deep retracemts Fibo and SNR level will oppose price further down as expected.
On other side of fundamental speaking, price has made quite impressive move to the upside as Eur weakens over Oil supply chain issure over the months.
The potential downside of gold hey traders
In today's session, we are looking forward to gold for a Selling opportunity if I get a clear break of the level of 1699.800
Trade is executed
US 100 LONG TRADE hello traders
There is a bullish impulse wave and there is a correction pattern if we get a reversal signal that starts with another bullish wave.
ETH / USDT ANalysis WAVE analysis
price action
Demand zone
order blocks
impulse wave
correction
range
momentums
SNR
liquidity
Possible Downside to Bitcoinhello traders
There is a bearish impulse wave and we have a correction in the form of running flat. It is possible that we will get another bearish impulse wave, but the sellers must break the last wall of the buyers and the buyers' reaction be corrective after break and the sellers overcome it as well
If these conditions are met, a sell trade will be executed to target the level of 18870
LONGFib level on the 4h tf
fib level with snd
if price reject in the snd zone price may go up looking for previous supply
NZD JPY LONG TRADE (Scalping) wave analysis
market structure
price action
candle pattern
snr breakout
order block
SHORTDaily timeframe : reversal pattern
4h timeframe : SND + Divergence
30min timeframe : Divergence
GBPUSD JOURNAL FIRST WEEK OF OCTOBERHi pips hunter, i'm glad you all made a profitable setup last week.
I'm using fibo line to get price pattern range area (reversal / continuous), I find out that the price is on reversal range. H1 shows there's a reversal pattern ( QM ) at SNR. The price haven't break the resistant line (QM head) yet.
If the price react with the parallel channel , price may change to flag pattern as the price will continue upward. Also, if the price break the resistant which held QM pattern, this setup may fail.
Current market trend is downtrend.
Bitcoin is headed to a new bottomhello traders
Bitcoin correction completed, a bearish impulse wave may start from here to break the bottoms
XAUUSD UPDATE ( SHORT) price action
support and resistance
wave analysis
impulse wave
momentums
distribution
GBPUSD furute depended on so many antithetecal factors! Pound-sterling is struggling to break it's MA100! If it does so, there MA25 might be a perfect dynamic level for responds of the pair.
MA25 might be a good dynamic level for short trades too! So I'll just take this pair under observations and I will not trader until the yellow box is broken.
Both green and red levels are strong.
The red line is aggregation of supply zone and VP of the resistance and may coincidence with MA200.
The green line is also strong support level.
wining of bulls is much more probable due to fake break out of 7th of September.
A correction or a reversal, that is the question. A correction or a reversal?
Actually, I don't care! Only thing which matter is the fact that it's a chance to trade!
There might be more continuation in HTF or there might a total reversal but I see high probabilities that this Support level work here.
TP1 is dynamic levels ( MA100 or MA25) and the TP2 is the bearish OB.
Divergence Critical position on AUDCAD. the trend is actually bullish but instead we shorted. why?
because, mitigation on the recent supply zone is stronger compared to the buyer side. alternatively, the formation is also divergent by RSI as well as AO.
most of the time, you will see when a higher high is form there is a new trend to the upside but at some conjunction where this phrase is invalid, is where this kind of setup is brought up.
However, we cannot solely depend on one perspective and for a better risk management i would like for it to drop and make a potential retest to the current price level.
thanks.
USDCHFUSDCHF is strongly bearish! But you could wait for a retest or something like that!
Bias in short-term is great for the sellers but in longer terms, Bears are just slightly stronger.
Long 1) Dominant break sell in 4h Timeframe
2) Fibonacci 2nd level in the same zone as SnR and (demande area 1)
There is a good chance that price will do pullback or reverse
Ethereum is getting ready for the pumphello traders
I saw this scenario happen. It happens a lot in the markets where we have a support and resistance area, then we get a false break and the price goes up and the process of accumulation begins after that, the liquidity is expelled and the price retests the support area and rises strongly
You can see a similar opportunity I shared before on the usd chf currency pair
