mabiqo

mabiqo

- daily downward trending market structure -break of counter trendline -presence of bearish engulfing 4H candle

mabiqo

we are going long on eurcad at 1.49274 st : 1.49190 tp : 1.50400

mabiqo

We are going long AT 169.079. ST : 168.814 TP: 170.500

mabiqo

ENTRY PRICE: 0.57802 ST: 0.57702 TP:0.58596 Im simply following the trend

mabiqo

went long at 89.452. stops at 89.338. target 91.091

mabiqo

on the 4HR time frame, we can see; 1. bearish trend line that's about to either be respected or intersected on a 3rd touch 2. bearish bat harmonic pattern that's about to complete on the bearish trend line mentioned in (1.) above. 3. both points 1 and 2 line on a resistance area shaded in the color red. if it's respected, price will sell of.

mabiqo

Possible longs on us30 seeing as we have a bullish cypher that has completed the D leg.

mabiqo

we see potential sells on 4hr time frame of CHFJPY.

mabiqo

just waiting for it to reach my strike zone then we wait on the right candles to confirm the entry.

mabiqo

C leg has just been completed in a supply zone so sells are in order

mabiqo

on the chart we can see an upward trend line and a bullish bat that just completed on it so a bullish move is expected as indicated by the red arrow .

mabiqo

on the chart we can see that support was broken and retested at the 61.8 % fib level. previous daily candle is a pin bar which is further confirmation . traditional fib target is set

mabiqo

waiting for the market to close below the 200ema which is at a 0.618 fib level . traditional fib extension targets will be TP 1 and TP2

mabiqo

downward trendline being observed on the weekly timeframe .

mabiqo

currently we see a retest of a broken weekly support area highlighted by the red shaded area on my chart. we also see a downward trend line that price has rejected from the previous day.

mabiqo

i see a parallel channel on NZDCHF 1 hour time frame. price is currently intersecting the upper trend line of the channel . wait for bearish 1 candlestick pattern for confirmation then enter a short trade .

mabiqo

D leg is now complete and i see a potential double top also forming . we shall monitor setup to see how it plays out . thank you .

mabiqo

despite bullish momentum late last week , the downtrend is still in play .