DacresFx

DacresFx

i'm not going to bore you with a long winded description on what i think is going on and give you the complexities why? because my style of trading is made to make the most complex market seem simple by trading only support and resistance using price action for entry and that is my system For those struggling to find a trading opportunity on EU all you need is...

DacresFx

i'm not going to bore you with a long winded description on what i think is going on and give you the complexities why? because my style of trading is made to make the most complex market seem simple by trading only support and resistance using price action for entry and that is my system #2016 New style of trading

DacresFx

Confluences and Probability - Clear downtrend 4H + DAILY - 79.703 is channel low on the daily T.F we are seeing a clear break of this level - All MA's are suggesting strong bearish momentum - While having all these confluence to give evidence that we are in a overall bearish market we have other independent factors such as this clear ''Bearish Pennant'' in which...

DacresFx

Very nice long setup here, - Clear breakout of Daily support turned resistance - Candlestick pull back showing this level will hold to continue to the upside - Overall market trend, and a uptrend daily and 4H - Long term EMA is suggesting that we have alot more upside to come from the previous giving us that added confluence that it's a good Buying position to...

DacresFx

Like, Comment, Follow ;)

DacresFx

Like Comment Follow DacresFx

DacresFx

Like Comment Follow DacresFx

DacresFx

Like Comment Follow DacresFx

DacresFx

Like Comment Follow DacresFx

DacresFx

E/G Short setup Simple trade market made a new HH - Rules of trends when HH's are made you can expect a HL - We've approached weekly resistance - While having a ABCD Pattern completion Giving us that extra confluence

DacresFx

Simple i suppose and clear. close below this trendline, either short straight away or you could wait for a retracement up to you

DacresFx

Ok, let's break it down and explain what's going on and what confluences we have. - UJ Has been in a range bound fashion for a while now, but the key piece of information is the LL it created at 111.001 with gives us a rough estimate of the direction in which UJ Might go, (Bearish) - We had a 4H trend breakout showing even more bearish intention. - We are now at...

DacresFx

Easy trade here. - Price action suggest Long, Long wick doji for a follow up green bar - Monthly supply - Fib 618 showing clear price rejection - 4H Trend support

DacresFx

GBP/AUD SHORTING OPPORTUNITY Fairly good shorting opportunity depending on how this candlestick plays out. - Downtrend - Bearish engulfing - 618 Fib level seems to be have held as structure resistance - Down trend correction leg - targets based on D point of the ABCD Pattern As always Good Luck

DacresFx Updated 

Another good trading opportunity here... yet again, clear short term uptrend double top, break back below long term trend to the downside, expecting to see new lows below monthly RES at 1.41547

DacresFx

No real need for a description. i think chart explains all... Good Luck

DacresFx

EU Potential long opportunity's for clones.

DacresFx

First and foremost let's breakdown each and every confluence we have this pair is most likely bearish. - Clear descending trendline showing we are in a down trending market - Previous HL's from a predicted correction move to the upside has been broken showing that we have the intention to have further movement to the downside. - Blue MA Above price showing we have...