Currently in a short on this. RSI is over extended with Price action candles moving with small bodies and a very slow pace. An impulse move is currently in the making.
Looking for short term buy. (4 Hour) Will cancel order if not triggered before Aussie CPI Q/Q release.
Short term buy opportunity at good range levels. Buy order.
USOIL approaching a good area for a potential short term move down. After a long bull market it is possible that it’s due for a some correction in this market. Order set
Currently in a range forming a flag on hour chart. Potentially another move up. However, bigger picture looks like its due for a deeper correction at some point. Order to be cancelled if not trigger before Monetary Policy Meeting Minutes 11:30am Melbourne, Australian Time.
GBPCAD had a decent slow and choppy retracement up to 50% My view is and has been a longer term bearish move. Anticipating on a possible flag formation on lower time frame (possible H4 or even H1) Keep in mind that ema200 on Weekly chart has acted as a great hold of Dynamic S&R A daily action on Monday for a red day closed would be preferable to open up more...
Potential Short on AUDUSD. Trend continuation trade. Stop - 0.74878 Entry - 0.74379 TP - 0.73457 Plans: Move SL to B/E if price reaches 0.7372 Manually close trade within 3 days.
Weekly chart Last weekly candle, body alone covered previous bodies. The weekly candle wiped out the previous 5 weeks of price actions. My first option would be to keep selling the dips until or unless it breaks ema200 on the weekly and hold, then my view would be to continue to buy. In the meantime, Keep the shorts.
Will be looking for short opportunities EMA 200 tested and trading below RSI Divergence Possible Double Top Scenario (This is a non-classical approach to Double Top pattern.
Watch for a clear breakout to retest previous high. Price needs a deeper correction on higher time frame before another consideration to the downside. Keep in mind, the higher time frame is still bearish, so keep the long positions short term would be a fair play.
Previous leg was a good sign to continue the momentum. Either wait for a break out or take the trade now at this level. Possible H&S play out.
Price at bottom of Weekly Trend line Potential Head & Shoulder pattern Daily Time Frame - RSI convergence 4 Hour Time Frame - Divergence Price squeeze for a potential break out
Hi Traders, NZDJPY price has been in a semi long correction where price has been consolidating for about a week. Price looks to be squeezing for a break out. I am looking for a potential double bottom or a bull fag on lower time frame before a bull run. The first option is my preferred set up it would provide a better R&R with minimal draw down.
Gbpcad showing signs of a potential move to retest previous top. Currently in a complex correction but a move to the upside looks probable. Ideally I would like to see it breakthrough aggressively to retest the top, will have to see how price behave in the coming weeks. In the meantime, this is a move I’m anticipating for next week. Good luck
CADJPY has been in correction mode. Currently breaking out to retest previous high.
Previous Bullish move went higher than anticipated. Price is currently being squeezed for a potential break out. RSI shows some signs of a potential short term turn.
Hi guys, Been awhile since I've posted a video. I found the chart more valuable as I can document and track the trade idea better. This video isn't to put any negativity but awareness as I've made many mistakes in the past following 'experts' Just remember, mistakes and problems are just an opportunity to learn and grow. Good luck. Feel free to hit me up if you...
The short leg is over extended, price broke out of a pennant, looking to retest previous high. Not the biggest fan of this cross pair but level is good as well as confluences