Support has broke on 20-21k mark (which another position could take place @ for a SHORT Next stop 18k area which most likely will reach this week. Im going to say next week end of March it will reach 14k THIS IS THE TIME FOR BIG OPPORTUNITY!!!! Support area #1 18,158 #2 16,294 #3 14,060 <<<<<< MAIN OVERALL TARGET THIS IS WHERE WE BROKE OUT OF 2008...
All targets have hit and riding the wave down. Currently in on a SHORT @ 29,211 as it broke the triangle and retest the area on the 4hr-1hr chart (3 week trade) Due to this virus markets are wonky and was looking at another position at 26k but missed opportunity. Where shall it go? 20-21k? then 18k? then 14k? RECESSION?!?!?!
Key Area 26300-26400 Short CONFLUENCE Fib 61.8% Daily Trend line Broke - (currently retesting - should close under today?) Resistance 26400-26300 area 2 previous engulfing patterns 4hr timeframe broken down see the grey area Key points i've shorted previously looking for a triple top?
Fib 61.8& respected and create double tops with many 4hr candle respecting. CONFLUENCE - 61.8% Resistance - Break of Daily Trendline and break of 4hr support... Shorts 26300-26000 area.. Position today was 25970 which had little draw down once broke down to lower time frames 1hr-30min Daily view
Head & Shoulders Pattern 25780 area tapped and see buy rejection on the bear candle 25650 resistance Seems as we will fulfill the right shoulder to the 25250 area... and possible break that support which will turn to resistance and go further down. Currently in a SHORT from the 26000 area looking to ride it down for recession
New Week!! Still Bullish Bias.. even with BREXIT NEWS that happened it made us go down to a MAJOR SUPPORT LEVEL which we TAPPED 143.70 and now back in our Trendline, broken channel trendline along with previous broken support which now turned into broken resistance 145.25 area This is the DAILY as we a break and retest of the 145.25 and head up as my target is...
Previous post Great SHORT from previous post of about 300 pips.. Currently in a LONG @ 145.00 = 130 PIPS in profit. Could see a retrace to about 145.75 then continue up! Possibly another position as resistance seems to be broken as if right now As you can see previously MAJOR CONFLUENCE AREA and DAILY SUPPORT and BOUNCE and broke back into the bullsih trendline.
Head & Shoulders Pattern... Rejecting SUPPLY ZONE Targets of about 1600 or so.. 50-60% Market Correction
Previous post CONFLUENCE & STRUCTURE!!!! :) My Target was 144.95 area which all 11 TP's HIT PERFECTION!!! Now we are under the DAILY SUPPORT so in a VERY INTERESTING AREA 1HR TF we are bouncing on the Daily Channel Break out trend line along with the Daily Support Level Possible LONG at this area but need few confirmations before doing so... keep in...
4HR TF - You can see we are following the trendline perfectly... We broke structure going on 1HR TF as you can see but had a bounce & respected the 4hr TF STRUCTURE IS KEY!!!! Will be keeping an eye on this pair
We hit the target of the retest of where we TANKED previously at the 148.50 area.. SELL @ 147.75 SL 148.50 TP1: 147.50 TP2: 147.25 TP3: 147.00 TP4: 146.75 TP5: 146.50 TP7: 146.00 TP8: 145.75 TP9: 145.50 TP10: 145.25 TP:11: 145.00 LOOKING for LONG/Buy @ 144.95-145.00 Area TP 150.00 One Scenario once we do get to the 145.00 AREA as with BREXIT still going on...
As previous post my bias is Bullish based on technical analysis. CONFLUENCE AREA was 145.28 DAILY support along with 61.8% fib and Bullish Engulfing candle + Break of Daily Channel Trend line bounce.. Possibly retest spike down to the sweet spot i had marked around 144.95 area for the bullish trendline where it meets the break out channel trendline but again...
Today Brexit News... that Crazy 100 pip move in minutes was INSANE!!! Now I caught a 300pip move as you can see the HEAD & SHOULDER PATTERN on the 1HR TF then the break of STRUCTURE then RETEST you can see how PERFECTLY it played out and how many opportunities could have been made to enter on...LOVE IT! Now my bias has been Bullish and even with the news it...
4hr TF we are following the trend line perfectly... it keep bouncing and make high lows We did a 100% retrace after we hit the 111.00 which i am looking for it to hit again 1hr TF below but you can see positions highlighted in yellow of my trades due to support and bullish engulfing. STRUCTURE STRUCTURE STRUCTURE IS KEY
My bias on this is bullish trend still... the BLUE highlight box is the daily resistance area we have failed when we get to that area.. i feel to keep the bullish movement we need to break the area for continuation as daily structure needs to be broke. Green box = demand zone which we could hit 108.50 but we had a bullish engulfing which made my bias still...
The pair broke structure right during London session and realized analysis didnt post last night. As you can see my structure was at 144.00 area and made it's breakout PERFECTLY with NO DRAW DOWN - Woke up to 100+ PIPS I took this trade due to the 1HR Timeframe break of structure (breakout) as was in consolidation for sometime.. I broke down to 30min,15min and...
We Broke Trend Structure and currently in a downtrend GBPJPY This potential setup of about 150-180 pips are we are at around the 61.8% fib level @ 147.800-147-550 area TP1 - 147.000 TP2 - 146.500 TP3 - 146.000
EURJPY Broke out looking to retest the fib 61.8% level for a Short Position @ 131.800 Area SELL @ 131.800 Area TP 131.400 TP2: 131.00 TP: 131.60 SL: 132.100 - 132.20 (risk 30-40 pips)