What I'm seeing here is an exhaustation of the buying pressure. I'll be looking how the price will react in the marked up zone holding this level I will be looking for buys. Overall the main trend is an uptrend in the higher timeframe. Breaking this level ll be looking for sells to complete the retracement to 137.65 level which is more or less about 230 points.
Price action approached an important key level which is pur 0.5 fib, if it holds this level like retesting or touching it multiple times. I'll be looking for a buy setup with targets 1.0778 and 1.0829. breaking this level I'll be looking for a sell setup with target 1.0635 or a 1:2 risk/reward ratio
What I'm expceting the price will do is a retracement to the marked up zone filling the imabalance but a direct touch of the first target the 73.19 is not to exclude. If the price will touch the 69.31 level I'll surely looking for a buying entry, with main targets 73.19 and 76.55
Here we got a strong bearish momentun touching the downward trendline 3 times, I'm basically waiting for price action to touch the trendline again so we can set our entry. See how the price will react in that zone maybe a fakeout or a breakout. What I see is most probable to happen is a continuation till 137.55 level which is set a strong support/resistance level...
We are now in a strong bullish momentum. I'm expecting a retracement in the marked up zone of interest. I'll see how the pirce will react in that zone, if it manages to consolidate I'll be looking for buys with target 1.2586 following the upward trendline, Below that zone the 1.24500 'll be looking for a selling setup
If you missed the second impulse it is possible to reenter the bullish momentum at 1970 level. Price action has touched the resistance and now is retracing targets are 1992 and 2011. Let's see how price will react in the buying zone before opening the trade. Till the price remains above the bullish trendline our set up will be a buying set up.
This is a good moment to enter for a short swing trade. We got a formation of a bearish pinbar + EMA acting as resistance. Is gonna probably reenter the wedge pattern breaking out the trend then touching the 0.9025 level. we can extend the TP to 0.8983. To notice the formation of head and shoulders pattern which strengthen the probability for this set up.
Here we got a very beautiful bullish impulse. using the fib tool I marked up our zone of interest where I'll be setting my entry with targets 1.2467 and 1.2535. What the price did is a breakout of the trendline, retested till the demand/oderblock level then sweep liquidity of buy side. I think got a really good setup here.
the pair didn't manage to complete the rising wedge pattern. if it goes above 0.1919 I'll be looking for a buying setup, below 0.908 for a sell set up. What I think we got here is a liquidity sweep on the buy side formed by the equal highs at 0.1919. Overall a think there's a high chance that we're going to retrace mostly to complete the rising wedge
Oil is now retesting the demand zone, if this level manage to be a strong support, the bullish sentiment of the market will continue. What I think we got here is a retracement completing the rising wedge pattern but overall the big green pinbar candle on the 4 hr tf is a sign of a strong bullish sentiment. My entry set up will be above the 69 level looking for...
Here is my set up with GOLD. we got a breakout of the trendline with this beautiful bullish impulse, which also broke our previous resistance and now becoming a support. We are now in a consolidation phase if this set up fails I'm going to look for entry in the demand zone which is also our potential orderblock. As target we got 1983 and 2011. I mostly have 2 TPS...
Price broke the trendline, got a retest and formed a bearish pinbar using that as my signal entry + 12 EMA as my resistance. We got an impulse to the downside take the 1st TP. Let's see if it's gonna take the second one. Is kinda reversing right now and not receiving any bearish signal. Is probably sweeping out the buy side liquidity of lower timeframes. Goind...
Price is still inside this sort of rising wedge channel. rebound from the trendline, we got a valid bullish impulse and RSI is above 50 on the 1 hour tf which means a healthy bullish momentum. Possible short term buy setup. SL 72.34 TP 74.88 always take proper risk management which is more important than technical analysis. Good trade everyone
last price action was 2 main impulse down on the 1 hr timeframe. Now it seems losing momentum and testing the demand zone multiple times. We may expect a breakout of the main trendline with a possible change of bias. if it manages to break the demand zone instead solid downtrend is still valid. for buys we may look for 1980 as target for downtrend a 1:2...