ChristopherDownie

ChristopherDownie Updated  Jun 28, 2023

This market is mostly ranging On the 1H timeframe there is a descending trend but I would not trae inside this range Price would need to break into the bullish some and give some strong bullish signal for me to take a buy or break below range to look for a pull back entry

ChristopherDownie Updated  Jun 28, 2023

Momentum does look like its dying off here Nice little descending channel formed Getting back up into this sell zone would be good Entry base on contrarian mode :

ChristopherDownie Updated  Jun 27, 2023

We are we previously breakout of the ascending channel but we are back in the channel On the 4H timeframe there is little bullish momentum from the lux matrix. Anywhere between 1.09148 and 1.09603 looks good for sells. I am waiting for a sell signal from the signals and overlays 1H 4H view 1H View

ChristopherDownie Updated  Jun 26, 2023

Overall trade based on the 4H break and retest of the descending channel. Buys in the strong rejection zone Getting a slow increase in money flow 4H view

ChristopherDownie Updated  Jun 24, 2023

Price is currently testing a strong resistance zone and we can see where a lot of sellers are currently resting in this area as well Target zone also has a breaker block :

ChristopherDownie Updated  Jun 23, 2023

Recently had a pattern breakout to the upside. I am expecting price to retrace a little before couniting to the target zones. With the breakout there was also a shift in market structure so there is a strong chance of a pullback before the push which we have started to see already (see image below) We will experience some resistance as there is a smart...

ChristopherDownie Updated  Jun 23, 2023

We have been observing a sustained period of significant upward movement in the US30 market. Barring any substantial changes in the underlying fundamentals, it is my expectation that the price will persist in its ascent. The ascending triangle pattern on the daily timeframe recently experienced a decisive breakout. With a the relatively strong show of money...

ChristopherDownie Updated  Jun 23, 2023

Our oscillator is currently printing a price divergence indicating a possible move to the downside however price was very bullish for a long time and I dont see price just dumbing that fast. I am expecting a short term retracement back to the upside before price rejects back to the downside. 1H price action outlook Technical entry outlook :

ChristopherDownie Jun 22, 2023

Summery of the current situation: The OceanGate Expeditions tourist submarine is went missing with five people with about four-day emergency oxygen supply. The missing sub is being looked for by the US Coast Guard and other agencies. During the hunt for the lost Titan submersible, banging noises were heard, indicating continued hope of survivors. We are all...

ChristopherDownie Jun 21, 2023

The Renko chart is a potent tool that has grown in favor among technical analysts. Renko charts, which are derived from the Japanese word "renga," which means brick, offer a distinctive viewpoint on price action by ignoring the concept of time and concentrating only on price changes. This publication will explore the idea of Renko charts, explain how they're made,...

ChristopherDownie Jun 19, 2023

You've probably heard before "The markets are fractal" and you probably was not sure what that meant What is a fractal? Fractals are complex geometric patterns that exhibit self-similarity at different scales. In other words, they are intricate shapes that contain smaller copies of themselves, regardless of the level of magnification. Fractal in financial...

ChristopherDownie Updated  Jun 16, 2023

TradingView has become a top platform in the quick-paced world of financial trading, offering traders and investors all over the world a robust community and a set of sophisticated tools. TradingView has made great leaps from its modest origins to its current position as a major player in the sector, hitting impressive milestones and overcoming obstacles along the...

ChristopherDownie Updated  Jun 16, 2023

Based on the current market conditions, it is anticipated that the price will likely experience a decline from its present levels and potentially reach a value of 0.85385. The 4H timeframe is currently in descending channel and we can see price recently came close to testing the order lock above. : On the daily timeframe we are pushing though the volume...

ChristopherDownie Updated  Jun 15, 2023

The AUDUSD pair has experienced a significant rally, indicating a predominantly bullish sentiment based solely on a comprehensive analysis of price action. However we are approaching a a strong resistance zone where we previously saw a large push to the downside and as we are approaching this area again there is also some divergence in the price action and the...

ChristopherDownie Updated  Jun 13, 2023

Currently expecting a retracement from current price action back into 139.800 range to push down to the Low of the range. 4H timeframe

ChristopherDownie Updated  Jun 13, 2023

GBPJPY is currently in strong buys but is also very overbought on the RSI Also on the 4H timeframe we are overbought as well

ChristopherDownie Jun 13, 2023

Understanding the concepts of relative drawdown and absolute drawdown is crucial for effective risk management and evaluating the performance of trading strategies. In this publication, we will delve into the understanding of both relative drawdown and absolute drawdown. 🔷 Relative Drawdown: (Sometimes referred to as equity drawdown) Relative drawdown is...

ChristopherDownie Jun 12, 2023

Continuing with my objective of shedding light on the often overlooked and undervalued functionalities offered by the platform, I am delighted to delve into the market screener. This sophisticated tool stands as a testament to TradingView's commitment to empowering traders and investors by providing them with a comprehensive solution to efficiently navigate...