Price Is currently buying its way to a sellers key level after making new lows in the market. I see this short term bull trend as a long term retracement in this overall downtrend and that price is simply taking out all current sellers while setting up for a big sell off back to the new low, potentially create newer lows.
I started this trade off in sells. I was seeing higher lows in the consolidation zone on my 5/15m chart. I expected price to break through lower and retest my weekly zone but soon found out I was wrong. I couldn't ignore the bullish confluence I seen. From a bullish flag pattern on multiple time frames, a morning star forming on both the 1hr and 4hr timeframes,...
I predicted a breakout of resistance because price was making lower highs near resistance on the smaller time frames + price was floating above my moving averages. I expect price to retrace to previous resistance, that is where I'll be exiting this trade.
First trade of the week! Yellow lines are possible pullbacks
I see a great trade setting up on the 1hr/4hr and lower time frames. Price is in a downtrend, which is why I'm looking to sell. I have the zone I predict the market to come down to overall based off the daily chart, where I see potential for a bearish double top formation. If price hits my .705 fibonacci level or even close, it's go time. With the confluence of...
I seen resistance @ Previous Support on a clear downtrend. My entry may have been too early, but we will see. My overall bias is that US30 will continue to push down today. Price may start going bullish to form a double top, if so I'll close out.
I went short on this trade after seeing a retest of support making it resistance. The market is in a clear down trend. I entered basded off the 1hr chart. Price has already hit my take profit so I'm out of the trade. For those still in this trade I marked up fibonacci levels where you can choose to take profit IF the market decides to push down that far. I feel it...
I placed a buy on XAUUSD. I see the market rejecting strong support which was previously resistance. I set my TP at the most recent highs. I can see this trade following through as planned. I'll be watching the 1hr chart, we will see how it goes.
I took a long trade on US30. I see a break of resistance now made into support. I also see a W trying to finish it's way out, with that being said I'm expecting a blast to the upside where my take profit is set. I entered in the 15m chart on a bullish candlestick pattern. We sill see how this trade plays out. 1.7 R/R.
I seen strong on multiple timeframes so I entered in the 5m chart & monitored the 15m for a move to the upside. I took my profits on this trade already but we will see if it goes to my TP. Price may come back down to support and break through to the down side, or price may come back up to my TP & POSSIBLY make a strong bullish breakthrough. Based off my Daily...
I see head and shoulders forming on the 15m chart. This market possibly could be going up to the 1728 or 1729 area. I took the trade, we will see how it goes.
I see Support @ Previous Resistance. I recently just loss on this same trade. Mainly due to me being scared out of waiting for the market to pull in my direction. Which is okay, I have to get comfortable trading this pair. But I see support at previous resistance on the lower time frames, and on the higher time frames I'm expecting the market to go up anyway so we...
Market recently made heavy support at a previous resistance. Also it's coming out of a Head & Sho0ulders pattern. Usually at the end of that pattern the market will start to head in the opposite direction. The market is consolidating on the 15m chart so I/m expecting a move to the upside, though it may make a break to the downside and hit support again. We will see.
I'm seeing support off previous resistance on the hourly chart. Price has broken out of the previous down trend, which ended with a very strong support. Going up it's maintained an up trend since the day began. I'm seeing higher highs on both the hourly & 4hour charts which signal an up trend. The market may pull back and continue to go up or break structure &...