Double top and BOS after an overextended run. good daily momentum. In and out play for a 2:1 rw:r. Ideally wait for deceleration at the 0.382 and 0.618 fib area.
Descending structure with MACD divergence after an overextended run and a rejection of the lower bound of the pattern with momentum. With potential to hold for a few days given the potentially daily pullback
Another pullback play, so in-and out. These setups entail a higher level of risk but the confluences stuck in favor of the trade outnumber the negatives. ABC move targeting Fib extension cluster, alongside a phaseline break, ascending TL retest and a confirmed H&SH pattern
High Risk setup, but still an acceptable rw:r The movement is just a pullback but I like the change of structure and the lack of structure to the left of the price action , which can help price reach our target with ease as long as a lower high is confirm in the 1H along side a subsequent lower low
USD pulling back across the board. It's important to remember this is only a pullback and it involves more risk consequently. this case is even riskier because of a 1H potential double bottom. so I will wait for a clear rejection at NY open to enter short. Alternatively, seeing price start to make HHs and HLs may indicate it's time to exit early for B/E or a...
We are spoiled with choice today. Similar to Gold, Silver is also giving a clean in and out trading opportunity with decent rw:r ; this is one of those opportunities you can't miss because probability will eventually play in your favour if you take these setups every time.
WARNING! Risk idea. This is a pulback in a strong uptrend. This is just an in and out and it may need to bullet proof early.... With that being said the break of structures is clear after an overextended trend that is in need of a pullback soon
Clean idea. 3 drive up move + break of structure and room to the downside with momentum following a pull back on the USD across the board. Only risk is this is a pullback, but technicals are solid and rw:r allows for a safe 2:1 to target
Clean ABC move with a clear target down to the next fib extension with a 2:1 rw:r. Keep it simple.
Quick in and out opportunity in EURAUD, we had an intraday topping structure after a daily bullish bar yesterday. Intraday impulse, which caused a break of several timeframe structures and an a clear ABC potential move down to the next 1H fib extension level. 2:1 rw:r to the first target. This king if setup have an average winning rate of around 55-60% so overall...
Interesting to see if this plays out. ETH and all cryptos have been lower timeframe bearish for some time now. We see a clear impulse down and we are seeing a third touch rejection of a potential triangle continuation pattern. Volume behaviour indicates consolidation and we can see a market inefficiency gap at the 1,850$ level. If price reaches those levels, it...
Clean ABC move on EURNZD to the next area of confluences. The weekly chart holds a lot of bullish momentum yet as NZD has been showing weakness across the board so this is only an In and out play, benefiting from the daily pullback and intraday momentum. Will monitor it as it reaches target1 but may hold it to target 2 if momentum is there.
GBPUSD is on a downtrend, creating lower highs and lower lows in most timeframes. We currently had a clean redistribution happening intraday and we are currently seeing a rejection of a strong area of confluences after some liquidity was induced from previous highs. It is very likely that we will retest previous lows and maybe even create a new lower low...
The risk here is that the CAD has been showing some strength across the board, however there is a solid break of the ascending channel which appears to be a complex pullback after an important rejection of a key area from HTFs. Price is likely to create a new low before doing anything else, however before doing that, we could see price to capture some liquidity...
EURUSD is rejecting an interesting area of confluences on the Higher timeframes and offering a nice intraday continuation pattern with a clean move down to the next area of support and potential to go maybe further. A quick in and out can offer a high probability setup with a solid r:rw ratio.
Daily NZDUSD is in a downtrend , creating LLs and LHs. Price recently reached a Daily IFC after breaking several structural points and showing a change in character, from strongly bearish to a more corrective structure with deeper pullbakcs. 4H On the 4H we can clearly see a Wyckoff accumulation schema 1#, where the spring rejected our refined 4H IFC and its...
Price is offering a weekly tweezer bottom rejecting both, horizontal and dynamic support at the weekly 50 Exponential moving average , forecasting a potential move higher for next week. Intraday it's easy to identify an up trend, with price making higher highs and higher lows. Then, recently we are seeing a consolidation and a potentially corrective structure...
we have a weekly double bottom formation and a confirmed rejection off a major area of support at the 0.84 area. After that rejection price has impulsed up on increasing volume and it is currently consolidating in a dynamic area of supply and demand. Here in the 4H chart we can see a potentially forming triangle continuation pattern. First target being the next...