Hey everyone. Just a quick update of trades running as forecasted. Reaching my tp level slowly, What a day!! currently running around 30% with plenty more % heading into my tp point. These longs today were pretty basic for me, its just rinse and repeat stuff, we had our HTF BOS then our pull back in to what caused the BOS, we had a shift in momentum on the lower...
We had a very nice short on Eu last night as forecasted at the start of the week.
I am still expecting price to pull back to 50% of the main daily move down, this area will be a high probability area to be looking for sells.
Because of this HTF bias i am interested in a long entry from the back of the 3hr range if one happens to present.
Will only enter if we...
Hello guys i had find this setup in 1h timeframe which is made a bullish pattern and good to buy after breakout and put sl at swing low and tg at resistant and also do your own analysis before taking any trade also if you like my analysis do like share and follow thank you
EUR/USD Lost the Momentum.
The Bear run Started
The Bears crashed the EUR/USD.
Price Action lost the momentum.
Short Selling would be great.
Expecting 100 to 150 PIPS from opening Price.
EUR/USD is now currently making a journey to the center of the hell.
Relative strength index is a classic technical indicator .
It is frequently applied to spot a market reversal.
RSI divergence is considered to be a quite reliable signal of a coming trend violation and change .
Though newbie traders think that the application of the divergence is quite complicated, in...
ELLIOTT WAVE ANALYSIS: All observations are clearly indicated in the chart.
Elliott wave is an road map to identify the direction of market.
Wave "1" : Motive wave completed
Wave "2" : Simple zigzag completed
Wave "3" : Motive Wave Golden wave also completed.
Wave "4" : Alternation rule so Triangle pattern time consuming pattern formed.
Eu has moved exactly as expected and forecast at the start of the week.
Most time frames are clearly trending down, with all the current momentum to the downside.
I do however expect a pull back before we continue down further if the daily trend is to continue
Any longs taken now will need to be extremely clean as they are against the main bias however due the...
as I have become accustomed to in recent months and this time my technical analysis had an accuracy rate of over 95% and I will try to continue to keep this percentage as long as possible
As I said last weeks... the structure of the 2 circles remains the same and the 10th candle closed on the descent and rejected as I told you from the trend line...
Price has behaved exactly as expected so far this week and presented us with several opportunities.
This was a clean short taken last night, exactly as forecast at the beginning of the week.
Price pulled back to 50% of the main move down and then gave us a confirmation entry on the lower time frames.
We are still in a higher time frame down trend, however price...
". There is still a possibility of temporary retracement to the suggested resistance line (1.2162).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
. EURUSD is in a range bound, and the beginning of a downtrend is expected.
. The price is below the 21-Day WEMA, which acts...
How do you read a candle?
The top or bottom of the candle body
will indicate the open price, depending on whether the asset moves higher or lower during the selected timeframe.
If the price trends up, the candlestick is often either green or white and the open price is at the bottom.
viceversa if price trends down.
Why Candlestick is important?
Currently long again as forecasted, price rebalanced as expected and made its way back in to discount pricing to continue the move up, took a small hedge from the supply level (BE trade) as this was a good spot to potentially head lower.