what's observable here is that this area is quite sensitive of the structure available in this zone. we have 2 structures of which both could be easily manipulated. in seeking the mounts of liquidity of these areas . i,e for the great push (bull run), which is still the bias of the market . but the market makers still need a huge liquidity for this. QN is, What...
GBPJPY GBPJPY 9-13 August Outlook Monthly structure still holding bullish structure with previous 2 months bearish close respecting 152.00 key level. Weekly continuing the bullish momentum after 23 July solid close. Still we are trading below 153.66 28 June resistance formed due to 17 May support at 154 key level. Weekly is showing potential for more ups...
intraday for gbpjpy...break its previous low. Current price are consolidate before continue going down.
market structure break critical zone area.Market trend changes probability. look for sell area at critical zone after retracement.
the market structure shows the price are in correction mode. Wait for the price to complete C wave correction before executing buy position.
We recently had a major gap in the markets after the first rounds of the French Election process. On EURUSD the pair gapped up nearly 200 pips. Price came down quite a bit over the last week, BUT the gap hasn't been filled yet. The market doesn't like holes, and it doesn't like uncertainty. Euro's been consolidating within a 100 pip range, but I believe that the...
I Haven't traded this pair but need to practise my Tekkers so thought id give this pair a go, from top down Monthly, Weekly, Daily levels and see what I could see and practise my strategy First thing that stood out was we have tested the Monthly level at 88.882 which seems to have been a strong area of resistance in the past. I then see we have a 2618, it went...
Here are my Thoughts for the coming weeks. Lots of good Fibonacci confluence, to many levels lining up to be ignored imo. So to start we have some basic patterns forming Bullish Flag, we have had out impulse leg up and come back to the 382 retracement which lines up with previous structure resistance which could turn support. The flag could do a, a,b,c,d...
POSSIBLE WAVE STRUCTURE FOR USOIL WE NEED THIS CURRENT LEVEL TO HOLD FOR THIS TO BE VALID
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I have placed a limit sell trade at 1.5186 for FX:EURAUD 3 reasons: - Strong resistance down trend on the daily timeframe - Structure around that level - RSI on the daily chart moving almost to overbought Let's see
Having taken a step back and viewing the hour chart i noticed we have had a couple of harmoinc impulse legs down, thena 618 retracement (or there abouts) and then down again. based on this idea we could see a moved down and then a bounce back up
A breakdown of USD/JPY with potential scenarios for both the up and downside. The blue box indicates the criteria for entry with 4/5 requirements needing to be met before entry, this method cuts losses and gives a clear structured way to enter trades that can be back-tested. Good luck!
EUR/USD if forming an ascending triangle formation. Often, this kind of formation continues to the downside. Risk is >100pips, but R:R is almost a 2:1. If you are not able to take >100pips, you can find another reason for entry on a lower TF (i.e. DT and Fibonacci) and use daily target as an extended target.
Bat pattern completion at pervious structure zone synchronized with RSI divergence.
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