EMkioko

EMkioko Updated 

Here are my thoughts on EURUSD on the hourly time frame. Sorry i don't use indicators. Only price action to verify my trades. What are your thoughts. Kindly share them below

EMkioko Updated 

We can see Gold is selling on the one hour chart. There is no strong signal on the sell but here is what i think we could see for the next couple of hours of the day.

EMkioko Updated 

Should we consider this a bearish kangaroo tail? What is a bearish kangaroo tail? A valid bearish kangaroo tail is a single candle that has the open and the close of the kangaroo tail both in the bottom third of the candlestick. The kangaroo tail is a catalyst that suggests the market has gone too far, and has quickly reversed course. Kangaroo tails often...

EMkioko Updated 

So how do we trade the Kangaroo tail? Take a look at the chart. Notice how in this case the market, prints a kangaroo tail at an area on the chart that is an extreme high. The market has not traded here in some time. We could say that this kangaroo tail has much “room to the left.” and we expect a strong trend reversal. For bearish kangaroo tails, if the market...

EMkioko Updated 

This is my gold analysis for the european market as per my technical analysis. what do you think about my ideA? Share your idea and comments below

EMkioko

Yesterday Gold dropped to a support level at the 1740.00 but the asians thought otherwise. We saw a bullish asian market on tuesday morning. Do you agree on my analysis? What are your thoughts? Share your comments below.

EMkioko

The weekly candle closed bullish; nullifying potential sell from last week but one. We here head to another week with the weekly trend printing bullish. If we zoom in to the daily candle, the general trend is still bullish. We however have Friday's candle print bearish and here is my approach; Friday candle could be a liquidity candle. At this point we wait to...

EMkioko

Am taking the buy based on chart partterns. On the $H we can see that the last candle printed bullish. We also have a couple of rejections on the zone from the lower side. May be its a resistance turned support

EMkioko

What we are looking at is EURUSD at intraday levels. The price is currently stagnant at a resistant level but with strong signs of a bullish continuation to the 1.06000 level. Am betting on the pair to retrace a bit on the level to collect liquidity then then continue upwards. Another speculation is that a bearish candle could print and hence a 4H double top at...

EMkioko Updated 

Consider this an update of the previous chart. A bearish shadow is forming on the one hour chart. One hour chart is fairly a strong trend setter. Lets see how it goes.

EMkioko

I think EurUsd could potentially drop to the trend mark below before we look for other opportunities either long or shrt but as now we ride down to the trendline

EMkioko

Taking a buy off this daily candle. Signifies a rejection off a weekly support. Higher highs and lower lows forming above a trendline

EMkioko

At this point am seeing EURUSD forming highe highs and lower lows on the daily chart.. We have a higher likelihood of EURUSD going higher targeting 1.0500; A monthly resistance before maybe going short again..

EMkioko

A classical example of a big shadow. Two candle stick formation at an extreme low. Big shadow candle has a greater range than the previous 10 candles. Place a buy stop above the the high of the shadow, sl a few pips below the shadow & tp some few pips below the next zone.

EMkioko

Price has dropped to a support zone and formed a bullish kangaroo tail on the zone. To be on the safe side, a buy stop is placed a few pips above the kangaroo tail & a stop loss a few pips below the kangaroo tail. Why? Kangaroo tails signify exhaution of price or price has gone too far. If price is going up it will trigger the buy order and will never trigger...

EMkioko Updated 

Nothing special. Just a clean chart with support & resistance zone identified at intraday levels. Its all about patience and waiting for buy/sell signals. Single candle candle signals include a big shadow, kangsroo tail pr even the last kiss

EMkioko

Price has been in an uptrend whole week. At the tym of writing,price had just broken a resistance zone Came back down to retest the zone and printed a bullish big shadow headed for the next zone above. We place buy stops above the big shadow and stop loss a few pips below the big shadow and wait.

EMkioko

Price has broken a zone to the upside. Returned back to retest the same zone to turn it to a support zone. On the other hand a strong bullish big shadow formed too. We place a stop loss just a few pips below the big shadow.