More downdise before we can see some reversal on the GBPUSD pair, since we just passed Demand zone on both weekly and daily. On weekly we broke DZ @ ~1.50, and then broke daily DZ @ ~1.48. Enter short at retracement on H4 SupplyZone (1.4675-1.4700) Try to time entry on H1 (or M30) Target on this trade is ~1.40. But i recommend to take 2/3 of your lots if we...
Wait for price to hit upper trend line/EMA36 in the supply zone. And enter SHORT. Time entry on H4 and H1 This i due to happen in end of week 16.
As described in previsou forex power analyses choosing the correct pairs to trade can be tricky, but forex power will indeed help you. My Forex power analyze indicate that CADJPY puts the favour in your hand, and we also have a potential breakthrou if we slice north above supplyzone More info on chart
Bullish flag, with potential with a breakout above supply zone, High possibility of a reversal around drawn support line. Depending on how you count the waves there might or might not be a small a-b-c pattern before head north, so watch your entry by checking H1 and maybe even M30. Idea: Buy @ support line (~1.2450) SL:1.2410 Target1(SupplyZone) @ 1.2710 (sell...
Hitting trend line and previous DZ that just turned SZ this is a good indication that price will go down again. Down to target from previous analyze
Wait fore price to go down to B andthen go long at the corrective wave B. This wave looks to be the begning of the new uptrend in the major channel. Enter LONG at 4h retracement in DZ close to regression channel @ B. Add lot at first (and mabye second) ROSS hook confirmation pattern (1-2-3 wave). Set first target to Regression Line center, Set second target to...
Major divergence going on MACD this is an indication that we have a dead trend. As I see it the DZ @0.7465 is the start of the new trend. This new trend seems to be a corrective wave on weekly chart. Strategy on this trade: Aggressive: Place one BUY and on SELL order at reversal going on right now (check H1 for reversal pattern). Sell the long position at new...
Wait for a signal bar (a major bar) green in this case. to go long with target 1 at 92.70 and target 2 @ 93.45. I do belve there is room for a biger than usual wave B here.
According to my TSI forex power calculations. Week 14's best currency pairs to apply your strategy on would be: EURAUD LONG (But mind the Gap that has to be closed) GBPAUD LONG AUDCAD SHORT AUDJPY SHORT Why is this good to know? Knowing what pairs that are strong in realation to one and other will give you an upper hand on your trades, So don'tt choose...
Enter Short on the second retrace on this trade down to major support @ around 1.034. Stay in the trade with two targets see chart for info. If possible try to hedge the retraces (if you are allowd)