Hello Hello Hello my friends, it's been a minute.. Here we have a unique set up to take EU long.. Backstory 1. EU has had some strong bearish momentum breaking the lows from Sept 2020. FED rate hikes are likely following fresh inflation fears. 2. We expect a retracement to at least the 38.2 fib from May 2021 high which lines up nicely with Sept 2021 break of...
Hey Everyone, We have a good opportunity to short GU after the hawkish FOMC meeting last night... Dollar showed some weakness in Asia which has given us a decent entry short. All the best. REZNfx
Hi everyone, back at it again with a new idea. This time it's XAUUSD, Gold has had a nice impulse to the downside and we've now had a decent retracement approaching the 78.6% Fib level. Risk off mood today so dollar is likely to continue its uptrend from tomorrow. Possible catalyst for this move will likely be the FOMC meeting tomorrow evening. Trade safe...
As we all saw, my previous shout hit TP right before retracing back as expected... EU is ripe for an entry short, won't really bore you with the back story but I've linked PART 1 of this set up below..check it out. Patiently wait and execute your trade Thanks, REZNfx
Hi All, Some real nice momentum coming back into the market over recent days..This here is a short opportunity I'm taking on GA -Intradray/Swing position - Solid RRR - Short term support will be found at the blue box zone to be used as a target 1/scale in however you wish Best of luck REZN
Confluence/Reference notes - Break of 4H downtrend and retest -78.6% retracement from impulse leg from 09/09 (only brave traders go against that) -1hr uptrend trend line which activated from impulse leg at 10pm on 09/09 - Wave 5 of the Elliot wave theory which began 10pm on 09/09 We know where this want's to go..trade safe Reznfx
Quick story.. 1. H4/Daily trend line is being respected. 2. Bullish channel broke on M5 3. Retest of the channel neckline.. Trade smart or don't trade at all... Thanks REZNfx
Hello dear traders and friends, I've followed EURUSD through the previous bullish cycle which now seems to be slowing down, I will be monitoring price on a 4hr and lower for an optimum entry short to the two price points highlighted.. - Harmonic pattern Cypher completed at 78.6% of X - C - Currently rejected weekly demand zone indicating bullish pressure is...