MrDons

MrDons

MRZ =multiple retest zone. -After News 2030 hrs, USD weaken = DXY continue bearish sentiment. -price unable to make new high, this further strengthen my bearish bias on UJ. -i predict price may break lower trendline, opportunity to add more position. trade idea: -risk 1R ; TP Open. Entry: 139.500 , SL 20pips Trade management: 1. Price break LL, add position,...

MrDons

Risk accepted = -1R There will always be next time. Look for another trade opportunity.

MrDons

MY Analysis is of my own opinion and purview -Price reject 5 times at support (my observations, if more retests SNR (support/resistance) the weaker it will become) -possible the price attempt to break the support and make further bearish movement. - market structure also indicates bearish sentiment i.e. lower low formed. -Risk 1R. correleations: DXY Bearish. my...

MrDons

-Break of structure when price break the long term bearish trend -price unable to make it lower -formed bullish CS -That CS is my trigger candle

MrDons

Narrow Range to Wide Range Soon? -after 23 days (almost a month) consolidation, finally breaks out emerges! -based on CS movement and overall trend, i biased on bearish move. -waiting for retracement >> before I decide to enter. -waiting London and New York Open. -now i chill and drink tea. risk? 2% as the breakout looks promising. #TAYOR.

MrDons

DXY Bearish Mode! 1. Big Marubozu Bearish CS. 2. My bias = SELL USD/XXX ; BUY XXX/USD. 3. DXY is my compass.

MrDons

My way of analysis: 1. Seek direction(Bias) in DXY. I trades mostly MAJOR FX Pairs. 2. DXY Looking strong bearish with strong MARU Candle engulfs previous candles. 3. Classic break and retest strategy. Waiting for retracement, and weakness in bull retracement to enter. Another per-requisite is to wait London & New York Open prior to enter position. 4. Risk...

MrDons

Brent continue to form classic uptrend pattern in tandem with trendline. Chart pattern: inverted head and shoulder with clear breakout neckline. Latest forming the cup and handle with lower bounce + Hammer. i am pro bull on this one. **simplistic analysis.

MrDons

Inverted head and shoulder pattern. Previous LH was broken with momentum, signs of Bullish sentiment. Price retraced and making new LH that significantly higher than LL (head). Right Shoulder pattern = lower bounce, that ready for breakout neck line. Risk: 2~3%. Entry at neckline breakout. RRR: 4R possible / Next BRN - 1.2000

MrDons

Head formed the Double bottom (double wick). level 124.43 respected few times before price rejected and go rocketing with bullish sentiment. Right shoulder formed the lower bounced, great kick for bull to breakthrough the neck line. Still observing the PA at neck line level, if break, this analysis will go. Entry point: Neck line.

MrDons

Price making new HH and significantly high HL from previous LL (head). Opportunity to long. All Criteria met. + lower bounce at left shoulder formation. Rewards = 2 X Risk. Risk 2%~3%. Entry que: price break neckline with momentum.

MrDons

Timeframe: 4H price making pattern that are highly sought after. Risk-to-rewards: minimum 1:2. 2% Risk here for me. Entry point neck line if break with Momentum.

MrDons

Hello Monday. Usually Monday, market is still warming up. But, to me, its a good time to look for direction for the market for this week. Chart pattern have formed completely that is IHNS. Breakout neck line. Check. Upper trend-line break. Check. Breakout HH. Check. Long opportunity with risk 35~45 pips. Risk 3% of capital as usual.

MrDons Updated 

Classic chart pattern formed, these are my observations on the chart. Possibilities of short with good bear mood sentiment i look for swing short structure bias towards bearish as market unable to make new HH. breaking lower TL + neckline confirms bear jump thru the window. please bear, don't wear parachute.

MrDons Updated 

2 close supply zone , labelled 1 and 2. If seller managed to tip off supply and consume, and big seller managed to build up their position to sell, i am waiting for price action reaction at supply zone i.e. anomaly, bearish engulfing, shooting star, RSI divergence. DXY have been in bearish mode, yet USDJPY still climbing strong. Possible that big sharks...

MrDons Updated 

After bullish mode for 17 days, bull resting and market sideways, evident by key levels top and below i rather wait for breakout rather than guessing where to go next. Whichever bull/bear, i follow and ride along. for now.. i wait. like gargoyle.

MrDons

Bullish power seems to wear off by looking at candles getting smaller. Price barely made a new significant HH. Looking for short opportunities at RED Line. TAYOR RRR: 2:1 Risk 3%.