Expecting the Daily candle to close as a bearish engulfing and after a retest of resistance, trendline has proven to be valid so after retest i expect bears as we're obviously in a bearish momentum
Looking at the weekly TF closely a W formation has been formed in which I'm waiting for the retest of the neckline which is in confluence with the Daily TF in which we're in a bullish momentum and now I'm waiting for retest of previous low which is in confluence with the W neckline on the Weekly TF....
Bearish momentum, just expecting a retest of resistance for entry as all strategy rules has been satisfied on higher TF's
This is a high probability setup for me because i;ve got a lot of confluences in which i'll mention a few, but firstly the W,D,M and H4 are all in confluence with my bullish bias, the M TF has created and inverted H&S pattern, the Weekly closed convincingly bullish and above support and the Daily candle closed as a bullish engulfing and above my 21&9 EMA"s, so on...
If the Weekly Candle closes as a bullish engulfing then that'll be the final confirmation for my bias, in which also closing as bullish engulfing will make it create an inverse H&S pattern as Daily TF is obviously in BULLISH MOMENTUM and my 21&9 EMA's are in confluence with my bias..
Weekly Candle closed below support now turned resistance so i expect a retest of resistance before continued bears, Daily TF also has a resistance to retest which is in confluence with the 9 and 21 EMA's, the H4 appears to be creating a W formation, i just need a breakout and retest of resistance/neckline for my final confirmation and entry @1676 with TP @1699....
This is one of the high probability trades i'll be looking to take this week, looking from the Monthly i see it has bottomed out and even if it has to continue it's bearish move it has to retrace back to previous support now turned resistance. On the Weekly the market closed bullish after it broke Weekly Resistance now turned Support, Now Looking at the Daily i...
This pair is obviously in a bearish momentum on the Monthly TF and using my Fib. i was able to determine my long term TP, on the Weekly TF i was able to plot counter trendlines which has been respected, the Daily Candle closed as a bearish engulfing which is my confluence for my final confirmation with my TP's @0.8830, 0.8780 and 0.8540 respectively.....
We're currently in abearish momentum as the previous Daily candle closed as a bearish engulfing and the 9 and 21 EMA are in confluence with my bias i was able to plot a trendline which has been rSepected/rejected, the H4 has also confirmed and likewise the H1 so i'm bearish all the way with TP @1.2970
Looing at this pair from the Monthly TF i noticed we're in a bearish momentum after noticing the market making LH and LL and i noticed how the market keeps respecting Major Monthly support which is now turned resistance, i won't overlook the fact that the previous Monthly candle closed as an Hammer but i'm still bearish as we're obviously in a bearish momentum and...
Looing at tis pair from the Monthly TF i noticed how it closed strongly bearish, going down to the Weekly TF i also noticed we're in a bearish momentum so i took the opportunity to place my fibonnaci retracement tool on the swing high to low in which i noticed the 38..2% fib. ratio has obviously been rejected Looking closely at the Daily TF i noticed how the...
Looking at this pair from the Monthly TF i observed as we're in a bullish momentum as i took my Fibonacci from the swing low to swing high and i observed the market has retested the 38.2% fib ratio. Going down to the Weekly Tf i noticed the Weekly candle closed as an Hammer after strong bearish candles which signals bulls and also my EMA's are in favor with my...
Looking at this pair from the Monthly TF i noticed the we're obviously in a bearish momentum as retracement just ended, i was able to add more confluence by using my fibonacci tool from swing highs to low then i noticed the market has retested the 50% fib ratio and shifted a way convincingly. Going down to the Weekly TF i noticed we're also in a bearish momentum...
Looking at this pair from the Monthly TF i observed how Monthly Candle closed below resistance and i also noticed how the market went for a retest of the neckline of the M formation and as it is mostly after the retest of the neckline we expect a bearish reversal, going down to the Weekly TF we can see the big shift in momentum which shows that bears are fully in...
Looing at this par from the Monthly TF i observed close below resistance and how it has obviously been rejected and already starting to reverse, going down to the Weekly TF I NOTICED HOW PRICE ACTED there as there are series of rejection in which obviously says bulls are done and sellers are in, on the Daily we're fully bearish as an H&S pattern is almost fully...
I've got my eyes on this pair for EURUSD bulls as all my strategy rules has been satisfied to mention a few i noticed Monthly candle closed above Monthly Support which has been obviously rejected and also noticed an M formation on the Weekly TF in which after an M formation it is mostly expected for the market to go back and retest the neckline which is more...
I've got my eyes on EURJPY bears as i'm taking my bias from the HTF as the Monthly candle closed below Monthly resistance and has already retested it, looking at my weekly TF i noticed the rejection too and how the market has not been able break resistance or long, so i'll be patiently waiting for the market to close as a shooting star which will be more...
Previous support has been broken and now turned to resistance on this pair we're obviously in a bearish trend as my EMA 20 is being rejected, also the 61.8% of my FIB. Level has been retested and also looking closely an M formation is formed in which the neckline has been rejected so i expect bears from resistance with Targets determined with my Fibonacci....