So here we have price forming lower highs and respecting our MA's. I don't usually rely this much on my MA's but since price has repeatedly rejected on the 30 min TF during the London session, theres indication buyers don't have enough liquidity in the market, and with US news coming out shortly and giving the economic month we had in December last month, the...
I just recently added this pair to my portfolio, due to the negative correlation to GBPUSD. I've implemented hedging into my strategy, here we have clear supply zone at London session open, and since GBPUSD looks bullish, i'm looking for shorts here. If price can form clear bearish indication by breaking through, closing under, and respecting under the. 38...
Here you can see a textbook chart formation of old resistance becoming new support in a bullish trend, my only concern is my Tp ( take profit ) lvl 2 the 0% on my fibonacci, where there is a strong supply and demand zone that's been respected now for about 19 days. With the higher lows forming over the past 6 days ( Oct 4 - present), I'm looking for a continuation...
Looking for shorts here on gold, super strong resistance lvl here at $1980, not too familiar trading gold i've had it on my watchlist now for a few weeks, but i'm expecting price to touch around the $1980 lvl again to confirm price action, maybe even $1989. Please leave feedback!! Thanks
I don't have much experience trading us30, It's been on my watch list now for a few weeks as i've been slowly seeing how it operates. Here I'm looking for price to move to retrace back around my 76.40% area where price created previous resistance to provide strong indication of price action in sellers favor, a little worried about my TP level 2 but we'll see how...
Higher low was created, supporting the current trend. Adding news to the current technicals is another needed confluence, we just need to break the .38 rejection for complete conviction and final confluence, setup looks good. Please leave feedback!!
So here we have price holding strong support on the hourly and 30 min tf, as well as the 15 min tf. Simply waited for price to head into my gzone on the fiboncci and entered my trade. Trend on the 4hr was bullish so lets see how we do! Please leave feedback!
Price has continuously respected the resistance levels 1.20717, and 1.21134; Fundamentally and Technically , that being said if trend continues and no new higher high is created its a leading indicator of a bearish trend, especially closer to USD news. USD fundamentally looks bearish on all time frames . LMK what you guys think leave feedback!!!
I'm on the daily timeframe here, something I don't normally look at, but found something I thought I'd share. I noticed a trend line here with a strong fundamental and technical lvl of resistance, and went back as far as needed to find a fundamental lvl of support (March 2020) which seems to fit pretty well here in my analysis. Since I'm not familiar with the...
Previous support has been consistently tested at the 1.15500 level, indicating a strong resistance. My buy level is also a previous level of support so when price reaches that level again and breaks through to form a new level of resistance under that old support it will further indicate a downward trend. Old support = new resistance. A little worried about my...
GPB USD SELLS, My levels of resistance on all charts were respected and my EMA's were all broken through indicating to a bearish trend, ignore the fib timeline It's inaccurate. Just hope we smash through that .38, please leave feedback always tryna learn.
Looking bullish on GU, multiple indicators leading to buys. Previous levels of resistance broken and creating new higher highs, my tp is set only at tp3 which is the most consistent level of previous resistance I could find. Just hope that .38 rejection doesn't do me dirty lol. Please leave comments and give feedback always tryna learn..
Here we have the alternative to the previous post, I personally see fewer indicators leading to a bearish trend compared to how many bullish trends I see on previous chart. The .38 rejection would be the previous levels of support and my stop loss would be previous resistance levels please leave feedback always trying to learn!!
Super strong and consistent level of support throughout the day, the .38 rejection at 1.15881 looks reasonable as well, with US news being positive all week and causing this bullish trend I'm confident I can roll it out until next week, please give some feedback would be much appreciated. Also I'm posting my alternative trade after this just to be able to look back on.
Looking bullish on GBP-USD, As you can see both resistance and support both have been tested multiple times, indicating strong trend pattern. Add a little technical analysis with the upcoming news forecast on forex factory, and there you go. Still a beginner/student to the game, always looking for constructive criticism so feel free to comment, give a follow if...
Lets see how it goes, set up for fib for buys got in a little late early and i'm pretty skeptical. Refer to last post. Send feedback!
Okay so I'm mainly using support and resistance lines to determine new highs and lows as well as broken confluence structures to help indicate where price has been, as well as where price is generally heading. My emas help test where my " golden zone " on my fibonacci is setup, I'm new to trading and would love feedback, the published chart is just what I'm...