XAUUSD LONG ENTRY LEVELS,TOKYO SESSION ONLY More chances for a bullish continuation, what is confirmed by a recent multi time frame price action research, and important level zones
NEXT WEBINAR (LONDON TIME): 18/07/18 10:00 www.youtube.com
How to use levels - 1. Wait till the level is reached, 2. Reversal pattern, 3. Confirmation , 4. Entry, 5. Target (intraday) is a last level on the direction mentioned with arrows.
Reviewing the most recent PA 1&2 period patterns we have:
1W Bearish Pattern
1M Bullish Pattern
Knowing the patterns of a higher time frame is very important. Sometimes they can conflict one to another, but it gives us the information of the possible correctional moves, or a start of a new direction, so basically, every time when conflict exists, you must examine a chart whether it is a correctional pattern appearence or a new direction, shall you close the existing trade or open the new one, does it give you a new oportunity or shall you wait, and also rememver, that when the monthly pattern appeared, it means that it is valid till the current month is closed, as by the price action rules, the pattern is clear only at the close of the candle or a bar.
We also have to review the range of the closed period comparing to the previous set of periods, hours, weeks, months, etc... Here, I'm showing you a range compared to 6 and 3 previous periods, NR means Narrow range, WR means wide range, the number displays a total periods reviewed, if the NR is displayed, high possibility of the range expansion, in WR case it can be opposite. at the moment here's the situation:
1H WR4
1H WR7
1D NR4
1D NR7
1M WR4
1M WR7
Also I have decided to share a Levels, that take time to count, and you can use them as a bounce levels in a direction you trade:
Option level R4 1350.60
Option level R3 1341.40
Option level R2 1337.10
Option level R1 1331.30
Option level S1 1329.30
Option level S2 1327.80
Option level S3 1322.10
Option level S4 1315.20
Session (current session only) levels:
r3 1339.78
r2 1337.02
r1 1334.26
p 1331.13
s1 1328.37
s2 1325.24
s3 1322.48
I really hope that sharing of my routine with you, will help you in your trading.
Also I really hope that in respect to my hard work, you will take time to use the data I share, you will put the levels on a chart, and will apply it to your trading.
Sincerely
Arturs Jermolickis
arthur@marenno.com
skype: marenno.business
A short - government required disclaimer:
I’m not providing any advice, and I do not guarantee any profit. What you see here is only a share of my view of the market.
Tokyo
AUDUSD SHORT ENTRY LEVELS, TOKYO SESSION ONLY More chances for a bearish continuation, what is confirmed by a recent multi time frame price action research, and important level zones
NEXT WEBINAR (LONDON TIME): 18/07/18 06:00 www.youtube.com
How to use levels - 1. Wait till the level is reached, 2. Reversal pattern, 3. Confirmation , 4. Entry, 5. Target (intraday) is a last level on the direction mentioned with arrows.
Reviewing the most recent PA 1&2 period patterns we have:
1D Bearish Pattern
1M Bullish Pattern
Knowing the patterns of a higher time frame is very important. Sometimes they can conflict one to another, but it gives us the information of the possible correctional moves, or a start of a new direction, so basically, every time when conflict exists, you must examine a chart whether it is a correctional pattern appearence or a new direction, shall you close the existing trade or open the new one, does it give you a new oportunity or shall you wait, and also rememver, that when the monthly pattern appeared, it means that it is valid till the current month is closed, as by the price action rules, the pattern is clear only at the close of the candle or a bar.
We also have to review the range of the closed period comparing to the previous set of periods, hours, weeks, months, etc... Here, I'm showing you a range compared to 6 and 3 previous periods, NR means Narrow range, WR means wide range, the number displays a total periods reviewed, if the NR is displayed, high possibility of the range expansion, in WR case it can be opposite. at the moment here's the situation:
1H WR4
1H WR7
1W NR4
1W NR7
Also I have decided to share a Levels, that take time to count, and you can use them as a bounce levels in a direction you trade:
Option level R4 0.75760
Option level R3 0.75760
Option level R2 0.75760
Option level R1 0.75760
Option level S1 0.74820
Option level S2 0.74510
Option level S3 0.73760
Option level S4 0.72880
Session (current session only) levels:
r3 0.75456
r2 0.75313
r1 0.75171
p 0.74965
s1 0.74823
s2 0.74617
s3 0.74475
I really hope that sharing of my routine with you, will help you in your trading.
Also I really hope that in respect to my hard work, you will take time to use the data I share, you will put the levels on a chart, and will apply it to your trading.
Sincerely
Arturs Jermolickis
arthur@marenno.com
skype: marenno.business
A short - government required disclaimer:
I’m not providing any advice, and I do not guarantee any profit. What you see here is only a share of my view of the market.
USDJPY Crucial activityI've been watching the pair recently and have noticed that we are in a zone where it is demonstrating crucial price action. It is ranging around the Summer Lows resistance and Mid Month support. Although it closed above the summer lows resistance it seemed to have opened below the price and have been within that range for the day.
A break below the Mid month support could send the pair back into its most recent bear trend.
Im planning on taking a low risk position
Enter @ (Close) 118.275
Stop @ Daily Trend Breakout (Green Arrows)
Target @ 117.387 (Last Weeks High)
EURUSD 3 Reason to Short1.
Daily chart: The chart is in continuous down trend. Just completed flag-similar pattern and now the consolidation is done. At this point, the price is pulling back to the previous low that was broken. (Highlighted area)
2.
4H chart: 55 EMA coming down at 240m chart and hitting the yearly pivot.
3.
1H chart: Gartley similar geometric is now complete.
Publishing this idea at 11/13/2015, 9:50am Tokyo time. It is FRIDAY! Institutional dealers need to close their long position that was made this week TODAY. So, this maybe a good opportunity to go short IF the price hangs around weekly pivot area when London session opens.
Enjoy Trading!!