Price reached a resistence and origin of a sudden bearish move. on 1H time frame there is an inside bar that broke down. therefore looks like a good place to sell high.
Dollar showed weakness. However, underlying premise is still for a strong dollar. Overall trend is still down. And if trend change is to happen, we should expect a higher low or double bottom. There is a structure resistance as well as .618 fib, retracement. So, after failed short this morning, market offers another opportunity. Dan
Another pair reached a very reactive level. Risk reward very atractive here for a buy.
Price pullback to the structure. Overall EUR still bearish, good place to sell high and take a short.
Price pullback to the previous strong support, now resistance. Also sits at a .618 fib retracement of a previous bearish swing. Not a bad spot to bet on a short and downtrend continuation. Dan
This is a aggressive long idea. Dollar continues to be strong. So using the pullback to the structure as a long opportunity. There is also an inside bar on 4H time frame. Could be used to play either way. Dan
Pair reached a strong resistance on the chart. Has been rejected here multiple times. This market has been ranging for a long time. Big and small triangles on multiple time frames. target is bottom of the range. First profit take at .618 fib. Dan
AUD has pullback of the lows. Now we have a inside bar on the 4H chart. My bias is short upon break down for trend continuation.
EURUSD pullback to the structure. Also .618 fib level measured from last swing high. Classic shorting opportunity. stop above swing high at 1.433. targets 1.345, 1.29.. DAn
Oil is at the bottom of its long termed rising channel. Testing supports. As long as we do not fall through the zone. This is a buy. Stop loss just under the zone and .786 fib. First target about 69. Gives 1:3 risk: reward ratio. Also supporting evidence would be what appears as a bullish Gartley. Dan
EURJPY is testing previous level. good place to short the pullback. For confirmation, I might wait for the inside bar to break down. Dan
Here is a classic pullback to the structure, downward trend line, and bottom of the wedge the price fall out. looks like a good place to pul a another short and follow the trend. Dan
Euro testing testing structure, and breakout of the downward short term trend line. Seem like a good opportunity to buy pullback. Stop loss bellow the recent swing low. Dan
price bounced from support zone, than retraced to .0618 level, buy upon breaking of the inside bar.. first target testing the top.. stop loss either according to inside bar rules or previous low
Price tested the break down of the triangle the second time. my first short got stopped out. gonna take a look on the second one. possible harmonic pattern developing. Stop above the high of the first break down test. target at .768
AUDUSD tested top of the consolidation triangle, pulled back to .618.. than retested the neckline of the top. now heading to the bottom of the triangle. this is a second opportunity to short this pair. if the top of the triangle has been missed. there is a inside bar forming on 1H time frame if we need further confirmation, we can wait next 15min, at the time of...
EURUSD retest the break down from the triangle. forms an inside bat on 4H chart. Can short upon breaking of the inside bar. Agree? Dan (PS: not financial advice, just a log of my own personal ideas)
Broke the line of the resistance channel, retested. Short now. TP1 128.5