Pullback
USD/CADcame here after 2 long weeks.
I usually don't trade when I'm busy or some big stuff happening in my life .. so here we are again.
for a start, we have a medium-risk position..I'm going long on a pullback. I think price has to touch the top resistance in weekly time frames so I'm looking for long positions on daily or 4h time frames.
Here's my line. When pullback bottom is confirmed, re-enter.Traders,
It's been a few weeks since I have done a video update. Hopefully, you all have been following my non-video posts too. I have been making regular posts in attempts to keep you all up to speed on the latest market price action.
In this video, I will show you the line that caused me to sell. This does not mean I have now gone bearish on the market. On the contrary, I am still overall bullish longer term. However, the market is definitely experiencing a bit of a pullback here due to some new inflation data causing more uncertainty. Once this pullback has confirmed a bottom, I will once again look to re-enter my longs. I will show you some of the levels I am targeting on Bitcoin, Litecoin, and Ripple near the end of the video.
Best,
Stew
Resistance Ahead | Chance to ShortChart 3D TF
BINANCE:OPUSDT is in the Ascending Channel and moving up to the resistance around 1.86x
We define confluence zone at that level by the Descending Trend Line + Key Level + Golden Ratio 0.618 Fibo Re
So I expect OP will retrace to 1.5, it's a chance for Short Order
Wait a next move
XAUUSD 4H Outlook !Hi traders ! As you see in high timeframe, we are in a Descending channel(red lines) !
Now at the top of this descending channel, price formed a price action pattern ! triangle !
now we expecting more downside after a pullback !
be notice that this pullback can appear as a trading range !
good luck ! ;)
EURUSD - Waiting for a Breakout... Hello Traders!
On The Daily Time Frame, The EURUSD Reached a Srong Support Line!
so, we have 2 scenarios!
Scenario 1
if the resistance line will broken, i will buy in retest 📈
TARGET: 1.12350🎯
Scenario 2
the support line will broke and we will see a huge bearish move📉
TARGET: 1.08670🎯
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SPY with a Classic RestestTraders,
In my last post I alluded to SPY. I stated that it remained in breakout territory which is still true today. I stated that as long as we remain above 450, I remain bullish. Still true. In fact, all that has happened here is that we have a classic retest of previous resistance taking place currently. If we break below, another story may unfold and I will have to re-assess. But as of this post, 450 is holding strong and the retest (if it holds) is yet another rather bullish signal.
Stay tuned,
Stew
BSDE - PULLBACKI bought my positions today
July 31, 2023
The reasons:
1. Low-risk entry
2. A pullback to breakout level
3. It is in a confirmed stage 2 uptrend
4. It has a high relative strength line
5. A crisp pullback buy point
I start a pilot position today, I like to see some follow-through action from this point.
NZD-JPY Strong Breakout! Sell!
Hello,Traders!
NZD-JPY was trading in an
Uptrend along the rising
Support but the a strong
Breakout happned, followed
By the rebound and now
We are seeing the pair
Being close to retesting
The supply area formed
By the supply confluence
Of the rising and falling
Resistance line so I am
Bearish biased and I
Think that we will see
A bearish move down
Sell!
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Check out other forecasts below too!
CADJPY - Bearish Double TOP📉Hi Traders👋🏻
On The Daily Time Frame The CADJPY Price Reached A Resistance Level (107.400-107.812) and 61.8 fibonacci retracement level !
Currently, The Price Formed a Double Top Pattern📉
The Neckline is Broken🔥
So, I Expect a Bearish Move📉
i'm waiting for a retest...
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TARGET: 104.950🎯
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if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
GBP/AUDFast intraday search through my watchlist.
You can follow the price with candle confirmation or whatever strategy you have.
None of these are 100 %, complete confident analyses.. this market is all about probability .. so try to work on your risk management and self-control.. all the traders in the world can tell for sure what's going to happen or where the price is going in the next 1 hour.
Ps. Leave your comment and thoughts.
I posted this position a couple of days ago .. still valid.
GBP/AUDFor this week, I'm looking at GBP/USD for opportunities to enter sell positions, as I showed on the chart ..
the price has been moving in a trading range ( NOT A CLEAN ONE) for some time now.
We have a resistance zone where the price had been rejected a couple of times .. last week, the price broke the resistance for 10 hours max but came back to our range with a big black candle and also made a pullback to our highlighted zone .. in lower time frames; if the price breaks the 15 min low then there's a good chance were you can follow it to the cluster made by a dynamic trend line and the last low in 4h time frame.
Please Tell me what you think about this. Leave your comment and thoughts.
AUDJPY LONG PROJECTIONAUDJPY on daily showing strong bullish momentum with EMA's crossed over confirming buyers coming into the market with a resistance turned into support broken as well as the trendline. On our H4 execution timeframe we are seeing a pullback to the broken daily trendline and H4 support zone which will set us up for long positions once the trendline and support have been retested and rejected.
TOMMY XAU | BASIC MARKET STRUCTURE Good afternoon gold gang!
Thought id jump on here to talk to you about basic market structure, as its the basis for any strategy and super important to learn.
We can identify that the market moves 3 ways ..
up trend
down trend
sideways (consolidation)
I prefer to trade when the market is trending in either direction. I determine this by looking at the monthly and weekly candles.
In a trending market, i am looking to identify areas that the market can reverse from. If we are making a higher high for example .. I can identify that price is likely to pull back down to the key level it started its ascent from. From there i can wait for confirmations on the lower time frame to take a trade in the direction of the trend.
obviously this doesnt work everytime .. news etc .. but its always good to have it in the back of your mind the phase of the market you are currently in.
you will find with my strategy .. that price will make new structure points around my key levels ( the ones i place on my chart)
Hope this helps some of you out .. back to basics is sometimes the way to go if you are getting overwhelmed with information
Have a great sunday and see you tonight for the outlook
tommy