Bullish divergence, bottom of the range with strong buying activity in an uptrend. Bearish momentum slow down. LIke, Follow, Share :) Thank you
Short EURJPY based on Higher Time Frames High probability, with the trend. Good R/R. If looking for an even higher probability trade, sacrificing some R/R for the higher probability. Can take a trade on 4 hour or Daily with wider stop.
Hello fellow traders, Weekly Higher Highs, Higher Lows. Clearly have a bullish structure, strength and relative momentum. Bullish strength slowing down and has become a type of channel/wedge pattern with relatively deeper sized pullbacks. Expecting final push up: 1) to the Recent High for a double top which also coincides with the first channel line. Or, 2)...
Yes the downtrend can still continue, however i'm seeing the potential for a bounce to occur. Some things to consider: Weekly: 1. We haven't broken below major weekly support level yet (our Major Higher Low uptrend structure). 2. Our previous weekly candle close is a bullish inside bar/indecision bar. 3. Our current weekly candle hasn't closed yet, which can...
SKYCOIN/USD Crypto Setup LONG BUY. 🔮 Daily and 4 Hour BULLISH Gartley. 🔮 Pattern (corrective) occurring after a bullish run up (impulsive) which broke above CRTICIAL SUPPORT/RESISTANCE. 🔮 Broken above Resistance and now testing it as Support to confirm uptrend. 🔮 Bullish Gartley Pattern Completion occurring at the CRITICAL SUPPORT which once broke as...
Have a look at my previous chart ideas regarding the Short Trade idea. I believe that the smart money has reaped what they began from the money and now would be profit taking time along with shorts. Daily shows a signal for a double top pullback. Looking for the daily to close strongly bearish. Keep in mind we are in a trading range aswell. So far the 4 hour...
It appears as though our breakout may be successful and lead to further buys as we are in a very strong bull market in both Silver and Gold. I do see reasons for shorts but for now, the market is showing me buy signals and strength. I will go with the market long unless i see that it is invalidated. At that point i will decide to go short if the setup presents...
I follow price action as shown on past chart analysis. But here's my perspective of the Elliot Wave cycle applied to this. Combining it with price action shows me a powerful outlook on the chart. They work wonderfully together. Both the Elliot Wave and Price Action shows the same outlook to me. Final C leg down remaining before we turn up again for a...
Please look mainly at the DAILY and 4 hour time frames as these are the ruling forces that i'm basing off. Going with the higher probability that we'll see a big short happening here with the Daily candle turning bearish after an indecisive trading range bar prior to it. Double top pullback to continue our 2nd leg down after that huge sell off. The other...
Silver LONG BUY entry with the trend. Expecting a tight bull channel going upwards, followed by a correction and then HIGHER prices. Buy and hold. BULL MARKET. Have a wonderful day my fellow traders :)
Buy for another leg up after subsequent dojis to indicate a trading range. Price created a Triangle, ABCDE correction, broke above and retested. Expecting another leg up to take profits.
Here's a potential short trade with the final leg down (160 pips remaining). Weekly/daily showing strong bearish. Higher probability to go with the trend down.
Monthly/Weekly/Daily Downtrend. Lower Lows & Lower Highs. Recent, major bearish swing down on the weekly. More recently, Bulls entered and now formed an ABC 2 legged correction. Bears showing strength on the B leg of correction - Weekly. Indicating bears are read and in the market to short at this level and even higher prices. Majority of bullish candles have...
Double Top. Coming down for a correction. I'm then looking at a 2nd leg up after such a monster of a spike up. After that, looking at slowly and POSSIBLE another tap down below as i see us in a trading range on the Higher Time Frame. For now though looking at the correction to end and then followed by higher prices.
We are at a critical area on the weekly (Please see previous chart idea on the Long move up to here). Now we must see how the market moves to decide the direction. I beleive we'll come down a bit and then drive back up to decided at the critical zone. Do we double top and drop with strong Bears entering? This coincides with a double tap on the downside of the...
Broke out of the wedge. Looking for another leg down. After that most likely see buyers enter at lower prices. Expecting price to continue driving up to the top of the area at the top of the channel (Trading range on the Higher Time Frame) Price may be slower to move up, we will see. Price can reject with a double top here but expecting it to continue up.
We may be seeing the AUDUSD short coming now, as more candles are printed, we see a clearer image. We have not broken the uptrend line and tapped the other side with a double top. Bears entering the market right now. Strong Bear closes on the higher time frame will give a good indication of possible direction. Wedge Pattern created and rejection shown. The...