🔍 Technical analysis: Ascending corner pattern - It is moving in a downward channel in the daily time frame. - It was mentioned in the analysis presented in the previous post, after the failure of the supply zone, it will have the ability to continue the trend until the next supply zone. But it faced selling pressure in the first supply area, which led to a...
🔍 Technical analysis: 1H ascending channel - It is moving in an ascending channel in the 1H time frame. - After the formation of a triple roof in the area of the canal roof, it has been modified. - A demand has been created in the range of the green box. - Therefore, with a short-term correction, it can grow first to the middle of the channel and then to...
🔍 Technical analysis: Pullback to broken structure - It has been moving in an ascending channel in the 4H time frame. - Currently out of the ascending channel. Considering that a corrective form has been formed, any reversal can be faced with selling pressure up to the neckline and supply range. - Therefore, after the demand in the middle of the short-term...
🔍 Technical analysis: Reverse pattern - It was mentioned in the 1H time frame according to the analysis presented before . that wave C can extend as a three-wave or five-wave to the green box range target. - As you can see, wave C has corrected in three waves and accelerated to the green box. - Currently, there has been a return wave after creating demand in...
🔍 Technical analysis: Wave B of corrective C - According to the analysis presented before , in the 1H time frames, wave B has been able to have a three-wave upward correction. - This correction has continued almost slightly above the 0.78 Fibo of the previous wave. - It is currently broken below the 0.78 area with a selling pressure candle on the 1H time...
Patience is psychology. Zones are set, but price action determines trades. +200 pinched pips(pp) and rising
🔍 Technical analysis: Movement in the descending channel - Gold is moving in a descending channel in the 1H time frame. - It has had several reactions to the ceiling and floors, and now it has faced demand again by hitting the floor trigger. - It created an OB on the bottom of the channel, which reacted to it after coming into contact with the supply area. -...
🔍 Technical analysis: Descending channel - It has been moving in a downward channel in the daily time frame, which continued to correct until the green box after the channel broke. - It is currently located on the roof of the second channel. With the defeat of the region, it can have goals close to 1.56-1.95. - In addition, if it can be above 1.56, it can touch...
🔍 Technical analysis: Descending channel failure - It has been moving in a downward channel in the 8H time frame and daily. - Currently, with the failure of the channel roof, it is around the supply area and neck line. - Therefore, in case of a negative reaction, it can be broken into the channel with pullback and touch the specified targets by maintaining...
Patience is psychology. Zones are set, but price action determines trades.
Every trade have its own risk factor, but making money require we take calculated risk . I am seeing a potential sell setup on USDCHF Will this setup play out? Only time will tell Wish you the best Please follow my channel
Pinched +25 pips in Week 28. Looking back, we can see where price broke a swing zone but failed to continue, retracing back for what was suppose to be a huge swing to the down side. Lessons learnt, new week new zones set.
🔍 Technical analysis: C wave correction - It has been moving in an upward channel in weekly and daily time. - It is currently moving in a downward channel. - The last upward wave was a complete cycle of 5 waves, which was able to grow to the size of 0.78 of the previous wave, which then formed a corrective structure. - At present, the current corrective...
According to the previous analysis, the Metic currency went through an upward movement cycle. Currently, it is in a corner pattern in the weekly time, which was able to escape from it in the specified supply area with a short-term movement cycle. 💎 Currently, it has a corrective cycle up to the green box, which has moved downwards in a three-wave step in daily...
In the weekly time, it is moving in an ascending channel, which after a complex correction and higher floors has formed a runner zone, which can now complete an ascending wave in the specified area, which is the supply area. Therefore, 🔰 in the first scenario, I expect a correction with the support of the $2,500 area after touching the zone, which can appear more...
🔍 Technical analysis: Corrective wave 2 scenario According to the previous analysis, the phantom currency had an upward structure in the form of wave 3. 💎 In the daily and weekly time frame, this complex combination correction can be a response to the previous upward movement, which can be the confirmation of the wave 2 correction for the next super cycle. - In...
Looking at the Weekly TF, 2 zones and values are identified as SR areas PC_Purple Candle GC_Grey Candle SL_Stoploss iTP_Initial Take profit TPf_Final Take profit
🔍 Technical analysis: Corrective structure in ascending channel - It is moving in an ascending channel in the daily time frame. - At present, the supply area is faced with sales pressure. - According to the downward momentum, it can have a pullback with a broken structure. 💎Possible scenario: Therefore, any attempt to the supply zone, if it does not break it...