List of confluences: 1: Trendline Breakout and close 2: Breakout and close Key Level around 1.6582* on Daily Chart required as confirmation. This will mean change in market structure and new low created. 3: Head and Shoulder Pattern which can be seen on both the Daily Chart and The Four Hour Chart. Summary: This trade has a potential Risk Reward (RR) of 3.62 to...
Reasons for Buying GBPCHF: 1: Trendline Breakout 2: Key Level Breakout 3: Double Bottom
Listed confluences: 1: Trendline Breakout 2: Inverse Head and Shoulder Pattern 3: Key Level Summary: GBPUSD has been selling off for serval day now. We are waiting for the breakout of the key level at 1.3277** on the Daily Chart as confirmation of the trade. Trade has a potential RR OF 4.43 to 1. We will be entering and holding this trade until around the end...
List of Confluences: 1: Trendline Breakout 2: Key level Breakout around 81.73* 3: Inverse Head and Shoulder Pattern Summary: This setup has a risk reward (RR) of 3.75 to 1. We can see a trendline breakout on the daily time frame, which indicates a possible bullish move. A key level breakout is also visible on the daily time frame around 81.73*. This shows a...
List of confluences: 1. Trendline breakout 2. Breakout and close Key Level around 0.7184* on Daily Chart required as confirmation. This will mean change in market structure and new high created. 3: Inverse Head and Shoulder Pattern which can be seen on both the Daily Chart and The Four Hour Chart. Summary: This trade has a potential Risk Reward (RR) of 3.28...
Summary: When we look at the BTCUSD weekly chart, we can clearly see that BTC remains bullish . The manner in which price behaves in the next few weeks going into the new year will give an indication whether BTC is starting a bear market or remains bullish . Moving onto the daily chart , the trend is over extended remains bearish . We can see some buyers trying...
LIST OF CONFLUCENES: 1:Key level breakout with bullish engulfing candle. 2: Change in market structure with creation of new high. 3: Trendline Breakout. Summary: Trade has the potential RR of about +- 2.3. Trade will be entered on Tuesday during London session and or NY session. Targets are set using fibs.
LIST OF CONFLUCENES: 1. Trendline breakout showing bears are in charge. 2. Key support level broken. 3. Change in market structure and new low formed. Summary: Trade has the potential RR of about +- 2.7. Trade will be entered on Monday during NY session. Targets are set using fibs. We never risk more than 2% on nay trade. if we get sopped out we move to the...
List of confluences: 1: Trendline breakout. 2: New low created and change in market structure. 3: Break of key level. Trade will be entered on money during London and NY Cross. Will be left until target is reach or trade gets stopped out. Always remember to keep things simple. Risk management and trading psychology are key! Do not break rules!
Confluences listed: 1: Trendline breakout and close on the Daily timeframe 2: Change in market structure and new lower has been formed 3: Break and close below support around the 84.7** area 4: Bearish engulfing candle at support Summary: Entry will be taken during the NY session. The trade has a potential RR of 2.5: 1 or more, depending on how deep the pull...
Confluences: 1: Stop loss hunt at previous high on weekly level plus a breakout. 2: Price heading towards high of the June(2021) which is an important supply zone with many retail stops. 3: Price has been moving very quickly which signals an over extended market for the pair. Summary: Price is currently over extended and has been moving in a up trend for 2...
List of Reasons for potential pull back/mean reversion: 1: The market is over extended and has been moving bearish for almost 3 weeks straight with no pull back. This is more visible on the weekly chart than on the daily chart. 2: The trendline on the daily chart was broken with no retest. 3: Month Support level was broken with no retest around the 1.25***...
Confluences: 1: Stop loss hunt at previous high on weekly chart. 2: Price heading towards high of the year(2021) which is an important supply zone with many retail stops. 3: Price has been moving very quickly which signals an over extended market for the pair Summary: Price is currently over extended and has been moving in a up trend for 2 weeks straight. We...
Confluences listed: 1: Trendline breakout and close on the Daily timeframe 2: Change in market structure and new low has been formed 3: Break and close below support around the 113.3** area 4: Double Top Pattern Formation Summary: Entry will be taken during the NY session. The trade has a potential RR of 2: 1 or more, depending on how deep the pull back is next...
Confluences: 1: Stop loss hunt at previous high on weekly level plus a breakout. 2: Price heading towards high of the June(2021) which is an important supply zone with many retail stops. 3: Price has been moving very quickly which signals an over extended market for the pair. Summary: Price is currently over extended and has been moving in a up trend for 2...
List of confluences: 1:Stop loss hunt at previous low on weekly chart 2: Double Bottom formation on daily chart around previous low on weekly chart 3: Daily chart and H4 trendline breakout Summary: Price is currently over extended and has been moving in a down trend for 3 weeks straight. We are looking for a potential pullback to just above the 50% ...
List of confluences: 1: Weekly chart breakout and chart in market structure. 2: Weekly and daily Chart short to medium term trendline breakout. 3: Potential Head and shoulder formation on daily chart Summary: When we look on the weekly time frame, we can see a clear bullish market structure change and breakout. Usually after such a strong breakout we tend to...
1: Head and shoulders Pattern clearly visible on the Daily Chart. Price also created a New Low by breaking the lower high around the area of 108.330 2: Price would need to break the key level of 107.460 - 107.450 area as confirmation. 3: The target will be based on how deep the breakout is. 4: Will take up to two weeks for the pattern to complete before...