solonas96

solonas96

As XAUUSD continues the bullish indications on Daily and weekly timeframes. The time for a pullback is close. As traders, our job is not to predict what the market will do but to react to what we see. As we can see the structure is clearly still bullish, but if we zoom in we can see that the momentum has started to shift with momentum. Even if you see a zone...

solonas96

Hello guys one setup that I'm looking for today is on EURUSD. A couple of confluences I have for this trade is that 1. Overall the order flow is bullish. (For the time being) 2. There is liquidity resting below the indicated lows on the chart 3. There is a 5min clear order block 4. Psychological level at 1.06500 5. There are unmitigated targets to the upside....

solonas96 Updated 

Hello traders as you can see we had a change of character yesterday with the impulsive move to the downside showing bearish momentum. I've highlighted the area with the bearish order block on the 30min timeframe to go short. The equal lows that have been formed will be the clear target as there is liquidity resting under those lows for a 1:3 RR. Wait for...

solonas96

Hello everyone I am seeing EURCAD bouncing from the above areas on BOC news today. We got a nice move this week and retraced almost fully. This could be profit taking and bearish pressure for the up move. Overall, the same scenario played out on the 8th of December. Look for a wick before entering and lets get around 200-300 pips Trade with care ;)

solonas96

Hello traders EURGBP has been in this higher timeframe structure and formed lower timeframe descending structures that gave around 150-200 pips each time. From the chart, you can see that every time the price bounced it took some time for people to be on the wrong side. You already know that even if a support level breaks a lot of people are selling without...

solonas96

Hello traders, As we have seen we are in a bit of a corrective structure for the past few weeks. At the moment i'm seeing some weakness for the dollar due to investors being priced in for the upcoming news despite the numbers. If you know what i mean ;) Let's go!

solonas96

Price rejected the top at 1.82000 area with a breakout of the trendline. The price is forming a nice correction that possibly can break to the downside. You can enter at the break of the correction or wait for more confirmations as to how did the structure break (impulsively or correctively) This is a nice setup if the correction breaks to the downside. The...

solonas96 Updated 

Potential upside move after this corrective structure. Price may impulsively break to the upside during New York session or earlier. Keep an eye on the area for a 15minute impulse. Risk:Reward 1:3.2 If the price breaks the structure support aggressively and closes below it the setup is invalid. Look for price to hold highlighted area and then bounce.

solonas96

Hello traders eyes are on gold for a nice short. Price is forming a nice ascending channel along with divergence on 1hr timeframe and is correctively scaling to the upside. Watch for the market to break the ascending channel or you can enter at the top for a risk-entry. If you want to wait for a confirmation wait for a 15minute impulse and a small flag for...

solonas96

Hello Traders, i am watching EURGBP for a move to the upside after a big corrective move to the downside. I will be watching on 1Hr timeframe for a bullish impulse and then a correction for more upside. Of course you can jump in with a risk entry as soon as price approaches your area of interest. Possible 1:5 RR on higher timeframe Overall a high probability...

solonas96 Updated 

Hello traders, USDCAD is preparing for a move to the upside. After a long descending channel price broke out aggresively and retesting the structure. As you can see the price kept the highlighted area and moved to the upside and formed a bullish flag. Average RR 1:5 high potential for this trade so after you see some commitment, an impulse and a bullish flag in...

solonas96

Price is forming a nice descending channel and divergence is appearing as well. Personally i will wait for further confirmation either and impulse and a 15min correction. The push might happen this week or next week. If you see a strong break to the downside the setup is invalid. But if you want you can take a risk with 40-50pip stop. Risk only what you are...

solonas96

Hello traders, EUR/GBP as you can see bounced of the structure support on lower timeframe indicating a bullish market. On the other hand, I expect the price to hit the highlighted areas in this particular case. There are 2 scenarios for this pair in my opinion. The first scenario is that we get a nice reaction from tops and it could turn out to be a nice swing...

solonas96 Updated 

Hello traders, gold has been in a range for the last week. As we can see, the price is correctively moving to the downside. You can watch for price action on a lower time frame for scalping moves or maybe a swing trade to the upside. Lets get it ;) What is your opinion on gold?

solonas96

Last week Eurnzd gave a nuce 150 pip move to the downside. Long term downrtend. As you can see the price is correctively moving to the upside(scaling up) once again and divergence is starting to show on macd as well. Watch the ascending channel to break aggresively to the downside and give the price some room to move. Risk reward 1:3 or 1:4 depending on stop...

solonas96 Updated 

Eurcad is preparing for a move to the downside. Watch for an ascending channel formation on lower timeframe for confirmation along with the divergence that is forming on the 4hr chart. The price can also drop from now but if it breaks aggressively and moves to the upside then the setup is invalid. Also, the euro is strong so be very careful and use correct risk...

solonas96 Updated 

Happy and profitable week to everyone. This could turn out to be a nice opportunity for some good amount of pips. As you can see the price rejected the top of the structure 3 times already. Also, divergence is forming on 1 hr time frame. Now the price is forming a bearish flag formation for it to continue. If the price is testing tops again watch for price...

solonas96 Updated 

The price has already tried to create new highs and the Dollar has been to the downside for quite some time. As we can see there was an impulsive movement to the downside and a bearish flag is forming for continuation. Watch New York session or earlier today or from Monday. Stay safe