Hi guys, this morning we could have a chance to get involved in this trade. Now i'm going to explain you why: first of all, the big yellow box represents a daily structure level, this level happens to line up pretty well with the 618 retracement of the bigger daily leg. In this cases i seek for trading opportunities down on lower timeframes: on the hourly chart...
Hi guys, today i want to bring you my view of gold. It's been in a recent uptrend and it's creating new highs but i think this could be a bigger retracement of the downtrend in the big picture (weekly). By using a simple AB=CD harmonic pattern and two Fibonacci levels i've managed to create a small reversal zone where price actually is right now. Here we have two...
Hi guys, today i want to bring you my view of gold. It's been in a recent uptrend and it's creating new highs but i think this could be a bigger retracement of the downtrend in the big picture (weekly). By using a simple AB=CD harmonic pattern and two Fibonacci levels i've managed to create a small reversal zone where price actually is right now. Here we have two...
Hi guys, this evening i want to share with you a nice setup on EURNZD. The black line represents a daily structure level that should act as support: indeed, price failed to break that level and instead it has created a double bottom with RSI divergence. Then, price also broke to the upside the neckline and it's now pulling back to 618 retracement that seems to...
Hi guys, this evening i want to share with you a nice setup on EURNZD. The black line represents a daily structure level that should act as support: indeed, price failed to break that level and instead it has created a double bottom with RSI divergence. Then, price also broke to the upside the neckline and it's now pulling back to 618 retracement that seems to...
Hi guys, i wanted to share with you this simple structure play. If you zoom out or if you give a look at the daily chart, you'll see that we are now testing a key structure zone on the daily. Therefore i use to lower a timeframe in order to catch an inversion with nice risk to reward ratio. This level also lines up pretty well with the 618 retracement and the...
Hi guys, i wanted to share with you this simple structure play. If you zoom out or if you give a look at the daily chart, you'll see that we are now testing a key structure zone on the daily. Therefore i use to lower a timeframe in order to catch an inversion with nice risk to reward ratio. This level also lines up pretty well with the 618 retracement and the...
Hi guys, today i want to share with you this simple consolidation pattern called triangle: it basically consists on one trendline and one horizontal structure level converging at the same level. Price is making lower highs and equal lows. As you can see on the chart above though, price has actually broken to the upside this trendline, also breaking the double...
Hi guys, price is making retracement before next big move. When it hits green zone likely will go up, this zone include O,618 retracement of the currently swing and AB=CD pattern. Segwit probably will be launched until this time price of litecoin will rise.
as u can see in chart we've a divergence on the rsi, also this downtrend is not very real for me, so we are opening a long position with target at the 61,8% have a good day!
Hi guys, here we are on the 4H chart on EURAUD, i've been watching it for quite a bit now. As you can see price is now testing a key resistance level that also lines up with the 618 retracement of the previous leg. As soon as price came to that zone, it got immediately rejected by some selling pressure. I'm selling at 1,413s level, with stops just 2-3 pips above...
Hi guys, here we are on the 4H chart on EURAUD, i've been watching it for quite a bit now. As you can see price is now testing a key resistance level that also lines up with the 618 retracement of the previous leg. As soon as price came to that zone, it got immediately rejected by some selling pressure. I'm selling at 1,413s level, with stops just 2-3 pips above...
Silver recently broke the wedge pattern and now is going to retest it and likely price will bounce off the pattern. Also here is 0,618 strong fibo level.
Hi guys, i'll briefly explain why i'm shorting this pair. The black line that you see represents a 4hr structure level; the yellow box represents the reversal zone based off of the daily chart. As the price reached this two level it started to slowing down. In addition, it gave us some signals that maybe wants to go lower: the first indecision sign is provided by...
Hi guys, i'll briefly explain why i'm shorting this pair. The black line that you see represents a 4hr structure level; the yellow box represents the reversal zone based off of the daily chart. As the price reached this two level it started to slowing down. In addition, it gave us some signals that maybe wants to go lower: the first indecision sign is provided by...
Price has broken a bullish channel what indicates a good oportunity to go short. Now price is overselled, we must expect some correction(pullback) . Then, we will have one support level to put one of our targets. If price brokes that level, we can expect another bearish movement.
Hi guys, here on GBPNZD as you can see we have a nice double bottom (with RSI divergence) right at the completion point of the Cypher pattern. Besides, this level is also a level of structure that lines up pretty well with the 618 retracement of the bigger leg. The last bullish candle is the final sign of a possible reversal. We'll see. Stops below the low,...