As analysed by FIM grads over the weekends, there's a high probability of EURUSD continuing it's trend lower. Looking for a confirmation in the SZ and Pivot for entry.
Although Demand is in control in the higher time frames, let's not discount the Selling momentum at the moment especially since price has failed to form a candle above the previous SZ. Taking on a bullish bias, i'm looking at the immediate DZ for a possible long entry. Otherwise it will be next DZ as shown. As usual, let's wait for confirmation before entry.
Since our last successful Short trade on USDCAD , higher timeframe suggests a continuation of that trend as supply is still in control. Drop down to H4 for CP SZ. I intend to capture a short term downside and perhaps a second phase thereafter. As usual, await confirmation before entry. Will update if trade is invalidated.
A potential move up for CSX. Ensure Entry stop orders are above $72.90 and SL to be below support. SSB Grads: This trade is an example of a special entry where altho our MA are inverted, price is above our MA which makes it valid.
As the trend in Higher Timeframe suggests an uptrend, there's a potential area for taking on a long position. Note that this area could be invalided and the downtrend continues.. hence we are currently waiting for confirmation to form on H4. Those who wish to trade on D1 confirmation is also fine. Let's wait and see how it turns out.
Breaking out of consolidation and with majority of indicators showing bullish momentum, a confirmation candle (bullish pinbar) has formed yesterday. As always, only use Stop orders above yesterday's high or the day before as entry and SL levels best below of entry candle.
As USDCAD enters an untested SZ, it may get rejected here however I would prefer to short in the next SZ above where there's confluence of resistance Trendline and Pivot. Have patience and wait for the trade to come to you before execution.
As prices move higher, it is currently supported by the trendline and 150MA and buying momentum is still in play especially with bullish pinbars as confirmation. Expecting move moves upside with various levels of resistance. Capture the small moves and take profits off the table when there's signs of reversal. As usual, only use Stop orders above yesterday's...
With Supply in control on a higher timeframe, I'm looking for SZs in the daily timeframe for short opportunities. We have an area where there's confluence of CP-SZ, Fibo & Pivot. Let's wait for confirmation of entry in the days to come.
As analysed and presented during class, USDJPY presented us a short term short sell opportunity due to it's consolidation within the Triangle and with Supply being in control. Our trade has reached our Target Profit. Congratulations to those who followed and a big thank you to the Team who analysed USDJPY for all of us. I will do my best to share more of our...
Potential move lower for TSN. Consumer goods sector is also in the same direction for a couple of weeks now. SSB: All entry rules remain, only opposite.
2 possible entries with the same TP level. With supply in control in the larger timeframes & making a lower lows/highs, i've dropped down to H4 to identify recent supply zones where short entries can be executed upon confirmation of rejection in the zone. Wait for it.
As price is seeing rejection at the moment, I believe it will still continue to go higher, deeper into the SZ. Let's wait for a confirmation of rejection on the price level as marked on the chart where there is confluence of Strong Resistance & Monthly Pivot.
After the recent correction, prices are recovering and we can expect it to go higher. Place TP levels before the previous high of $116.18. SSB: Ensure all indicators are bullish.
Shortlisted with FINVIZ, all indicators show bullish momentum, we're looking into going long for ADP. SSB: Ensure TP is before highest point within last 6 months.
Although this is a retracement trade, price recently made a break from consolidation and is now testing trendline support and of course 50EMA. A bullish divergence has also formed on Stochastic. SSB: Follow entry guide as per usual.
Received a positive feedback from a student that she took a another short trade for GBPJPY this month using the same Supply Zone that was traded back in October and bagging 300+ pips this time round. First trade call in October: *FIM students: Remember to check the 'freshness' of your zones by using your custom indicator in MT4 and of course ALWAYS wait for...
As price entered a fresh and untested DZ and closed bullish last Friday, we can expect price to make a retracement upwards and probably continue it's trend downwards thereafter (based on technicals). We have to tread carefully especially with recent events surrounding the Eurozone. (Italy's debt, Brexit etc.) We have to take profits off the table when necessary.