So last week i added an idea with a long prediction on this currency pair. so this morning i noticed a retest of my once broken trend but now significantly respected and with that reason amplified by my anchor trade i could not hesitate but pressthat buy order. from now im more bullish gven a condition that the market broke above zone, retested and thereby...
been on my watch list for sometime and past through this week #down trend continuation setup #multiple rejections as a signal in a zone #support breakout now turned resistance #240 mins show a breakout from a rectangle price action #usd continues to gain strength
from a multiple time Analysis i observed that Gold reached a key level or resistance structure and that alone is an alert to look for bearish setups. Frome weekly timeframe we saw a momentum loss on the bulls and to battrace the idea there are two hummer candlesticks with a bearish engulfing confirmation (evening star). *USING THE FIBONACCI the price found...
symbol="MOEX:USDCAD"]MOEX:USDCAD [/iafter the break of the support zone the market pushed up to retest and confirm further down movement to leves 1.30241 and 1.30475 zone. with dxy showing signs of drops i wouldnt mind taking this short position with tight stops @ 1.31256 price. the pair has been following a bearish sentiment and for that reason we are...
I love to stay neutral in th mean time having a 55% bias to short at th multiple tested trend. however upon reaching the support zone i will gladly look for bullish patterns and formations.
Been observing GOLD and since then setups in higher timeframes were not convincing as far as my strategies are concerned . but looking at lower timeframe the structure is bearish and i then noticed a key level broken and retested . with clear reversal setups and candlestick im gonna look further down to lower levels
multiple tested s&r support turned resistance traditional resistance multiple rejections loss in momentum
As the week comes to an end dominated by the bears im on high alert with the usdcad. in the long i have a bearish bias but come next week i will be looking for bullish reversal setups given that the price is playing around a key zone, in the mean time the double bottom has evolved but clearly i have no specific entry reason and with that being said im on high...
second leg completion. now waiting for candlesticks confirmation since the bulls are loosing have momentum we expect bearish movement. however incase of a breakout chance high to go further up. 65% bearish keep forex simple.
multiple tested resistance. double top first leg. waiting for the second leg and candlestick reversal confirmations. zone susceptible to false breakouts incase of breakout a retest with a clear price action wil be best to go long
with the retest of the broken support zone im looking forward to bearish pattern and continuous formations. Surprisingly the market may break above(though that's least of my expectations) either way we are resting at a super awesome level with both ends having a good rsk to rward ratios. im 65% bearish and only seeking entries in th mean time
lookin at th swss mvmnt i would look forward to a further push to th upside respecting the zone .5 & .61 rtracment . however gven a case of break out i look to trade th trend line still a promising area
counter trend trade. support tested more than 5times making this zone a key level of structure .
multiple rejections in the zone however the price action has a dual direction but i will hold on the down side unless the markets break above
A LITTLE DEEP BEFORE AN ENORMOUS PUSH TO THE UPSIDE. KP FX SIMPLE