RiosTrades

RiosTrades

Price Action (Technical Analysis): Given that price is moving off our respected Monthly Descending Trend Line, price action is moving in a parallel channel what seems to be towards our Weekly Mid-Range Zone where price action can experience a high level of horizontal sensitivity after price breaks-out from an accumulation. If price breakouts to the upside then our...

RiosTrades

Price Action (Technical Analysis): Market Closing last week, we had price continue to drop after a big push from our monthly low to our consolidating resistance showing us price might be experiencing an exhaustion retracing to our left shoulder support which is at our high probable retracement from our bullish impulse, the 61.8%. This can very well be an entrance...

RiosTrades

Price Action (Technical Analysis): Coming into this week we are speculating price action, I am anticipating a possible entry to continue short based off our Fibonacci Retracement Levels. The Pound showing weakness led this pair to breaking below it's support and for us to expect an exhaustion. Our potential entries coming from a Technician perspective would be...

RiosTrades Updated 

Price Action (Technical Analysis): We have a very strong, healthy, respective Head and Shoulder Pattern here in the 4H time frame. Our neckline is 0.89553, our idea and discipline for entry would have been entering in the right shoulder when anticipating this pattern. (Right shoulder closing at the 38% retracement complimented by loss of bullish momentum) or...

RiosTrades

Price Action (Technical Analysis): Market is Accumulating at a key area of resistance, we are speculating price action in this region and spotted a potential Head and Shoulder pattern forming. Our right shoulder is respecting our left shoulder at our key retracement level for trend continuation (38% Fibonacci Level), this idea is invalid if we see price action...

RiosTrades Updated 

Price Action (Technical Analysis): For a a little over 1 week & 1/2 we have been allowing price to accumulate at a highly respected key level of support (Monthly). Weekly bullish hammer was formed at support which indicates us high buyer sensitivity, we are expecting a continuation of buyer waves to enter.. We had price break it's consolidating market with a...

RiosTrades

Price Action (Technical Analysis): Daily Head and Shoulders formed & ready for a Breakout . Bearish weekly pin bar formed giving us a heads up bearish pressure isn't going to be fading away, bears are in control. I'd like to see a 4H or Daily candle stick breaking & closing below our Head and Shoulder Neckline to confirm our high likely...

RiosTrades

Price Action (Technical Analysis): Making sense of what we currently see in the market would be acknowledging monthly impulse retracing into the 38% & since then seller haven't been cutting the bulls much of a break. The ideal entrance into this pair would be to allow price to test our monthly support & receive various confirmations around our psychological level...

RiosTrades

Price Action (Technical Analysis): Current Price has just broke above a key monthly swap level (Respected Support & Resistance Level), knowing our rules to price action after breaking a level of structure minor or major we expect a pull back testing the previous structure before entering the trend. We sat through a couple of weeks in a consolidating market...

RiosTrades Updated 

Price Action (Technical Analysis): Speculating current price action, we have a Daily Head and Shoulder breakout and pull back. 4H Consolidation at previous structure level.

RiosTrades

Price Action (Technical Analysis): Proceeding with Market closed currently we speculate price ended in a very key level of structure in the weekly time frame. We cannot assume for price to automatically reject and continue short. We see loss of momentum at our rally point, we respond with confirmations to go short such as a bearish breakout, price action reversal...

RiosTrades

Price Action (Technical Analysis): Bearish momentum is increasing at our annual support, weekly time frame: we anticipate seller pressure to continue to potential target as we speculate price action. Market needs to settle before we can enter short on the Pound/Yen, Daily time frame: we have price pullback at previous level of structure. Last time price broke...

RiosTrades

Price Action (Technical Analysis): (4H Time Frame) Following up our Mark Up phase completing at a key level of resistance, price is consolidating, as price is not breaking higher highs after 3 Impulsive Waves. We tend to anticipate a Seller momentum breakout as price is accumulating right above our Golden Fibonacci Level giving us more reason to anticipate a...

RiosTrades

Price Action (Technical Analysis): We are currently at our yearly resistance level and start to speculate price consolidating indicating us that Buyers are decreasing momentum as we anticipate our next move being in a Overbought market, would be our markets distribution phase. Last time price got that high, we saw multiple pushes down. Seller momentum overload,...

RiosTrades

Price Action (Technical Analysis): Simply price action rules being executed on the Pound/Yen. Price broke and close various long bullish candles above our swing low, Price is bottoming out at a very respected level which is our daily support. Price continues pushing up and using simply structure and trend analysis, I see the pound continue to push up. This is an...

RiosTrades

Coming into the Hourly time frames, before we are set up for Weekly/Daily Swing Trade Short Opportunity that I previously analyzed in my other chart analysis, we can trade the breakout of resistance with a break and close above or we can wait for price to test the level of structure that was broken. I will not trade this idea because my mind is set to trade the...

RiosTrades

Price Action (Technical Analysis): It is not rare nor surprising to see price repeat itself, Weekly time frame I have anticipated this breakout as we saw price previously breakout and distribute itself all the way to our Weekly support. I'm expecting Sellers to dominate as we are ready for a short opportunity, we do not see price breaking higher highs and higher...

RiosTrades

Price Action (Technical Analysis): Our current watch listed pair has broke out from a key level of resistance, this gives us a confirmation of EUR/USD beginning it's marking up phase and confirming the market is being turned over to the bulls as price is done accumulating. We can expect price to test previous level of structure that was broken before going long...