Bullish movement. Waiting for re-test
Market makers create movements for impatient retail traders that take trades in FOMO. You can see they do this again and again. How many of them sold from the recent movement just now? You get the picture.
Don't like selling in an uptrend but looks promising indeed. Drawings are old but let's see what happens.
Price has finally reached the 61.8 retracement.
Retail traders are getting stuck into the plans of the banks as usual - a few candlestick and chart patterns and they sell with the stop loss just above it. Well the banks are wiping all them out and readying their positions for a big drop. See 4H chart. NOTE: This is NOT a signal, nor does it mean I am taking this trade or the setup reflects my opinion. This...
Stopped out of previous trade due to weak NZD news. Attempting it again. NOTE: This is NOT a signal! This is just a journal to see how trades will play out. This DOES NOT mean I am placing these trades also.
Parallel descending channel. Tensions between Australia and China over the coronavirus will affect AUD badly since Australia heavily relies on China for its own economy. Confluence is seen across all AUD pairs. TP to the historical low.
Break and possible re-test of bottom of descending parallel channel. Previous trade was a buy which has been closed at this level. Expecting nice price action and volume to take it to the downside to at least the support level which is a historical low for this pair, should the conditions for the trade meet. Circle highlighted was a market gap that was only filled...
A nice pullback to the golden ratio. Daily candle close has shown a nice rejection of the 61.8 retracement (shooting star). TP is the -23 level which is also a monthly support level. SL is at the 78.6 level which is above the S/R zone. There is a market gap that hasn't been filled yet which is circled so if this happens then the SL should still be protected....
Re-test of resistance turned support on higher time frame (3 touches). Volume is increasing with the bullish movement. Nice pullback to the entry level on 4H zoomed/1H. Excellent R:R. Levels are all higher tf levels. NOTE: This post is for journal purposes only to view market movements later on so it is NOT a signal!
The break and re-test of the trendline is something I believe the MM want you to think - that it's a false break and it's going all the way up, as marked up. Personally, I don't think it will yet. Why? Imagine the number of people who think this trendline is what the banks are using, and "reliable". I believe they could be eyeing the trendline at the bottom,...
I've been waiting for a short on EURJPY for a long time and believe it is happening now. Descending parallel channel + rejection = nice short. XXXJPY pairs are all going to drop soon which adds to the multiple confluence. Related ideas below. Although already in the trade, it could pull back to entry price again, providing another opportunity.
Huge wave down expected on this pair. Movement predicted a while ago - see related idea at the bottom. While I see it going below 99, TP will be around 101.
A clean break and re-test level on GBPJPY. All JPY pairs have retraced or still have a bit left to go. In the coming days or weeks, I'm expecting another wave where JPY is bullish so all XXXJPY pairs are going down.
Pullback to a support turned resistance zone meets the golden ratio of the 61.8 Fibonacci. Stop loss is protected by multiple confluences on weekly. Target is monthly support. May not be a sell limit as could be expecting manipulation so may for a stop order.
New lower low = sell. Refer to previous idea for full details.