USOIL - BEARISH MOVE 📉
As We Talked in The Previous Analysis:
On Tuesday 7 November, The USOIL Price Broke The Support Level (79.72 - 77.64).
This Support Level Becomes a New Resistance Level.
Currently,
The Price pull back to important Resistance Line,
And Formed a Bearish Pin Bar 📉
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TARGET: 75.60🎯
Bearish Pin Bar
Weekly Bearish Pinbar followed by a Shooting Star Retest2 Weeks ago DPZ tried to conquer the level of 432 and failed then tried again this week and confirmed it's failure. We now have Hidden Bearish Divergence on the MFI and we have Weekly Momentum Pointing downwards on the Momentum Indicator. I will be looking for around an 80 percent pullback towards the $330 area from here.
DShort
EURUSD Sell after trendline breakBearish to approximately 1.1780. This trade set up is similar to a bump and run reversal, with the exception that the trend line angles are not exactly a prescribed with a bump and run, but the factors that make up the bump and run are still applicable. Expect price to fall to the lead in trendline that also lines up with a respected support zone.
Confluences: trend line break with retest on a lower time frame, bearish pin bar at the reversal point on both the daily and 4 hour charts.
GBPJPY UPDATE - LONG OR SHORT?Here is an update on GBPJPY analysis I made a week ago. On 20th February 2021, I made it known that we need a confirmation to either go long or short.
The present candle is forming a bearish pin bar which signals a sell order. Notwithstanding, we need a another candle to show a good confirmation of what to do.
What do you think?
Share your opinion in the comment section✍️
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Also, kindly cheer me with coins if you like my work.
Foll
NZDUSD, 4hr tf, sell ascending trendline breakHello my friends,
Before i start with today trade ideas, let's review some of the trade i took yesterday.
There were 2 trade ideas i shared which are GBPAUD and GBPCAD sell positions.
Both trades now closed with a nice profits.
First trade is GBPAUD which i closed manually for +210 pips and banked 3.5R yielding 7% profit
Second trade is GBPCAD which i closed manually as well for +220 pips and banked 3.6R yielding 7.2% profit
For today i am going to sell NZDUSD because i think this pair co
GBPAUD, daily tf, sell the bearish pinbar candleHello my friends,
I found something interesting with GBPAUD pairs.
As you can see, friday candle close was very interesting.
After shooting up for 150 during Asia and European session , it closed significantly lower erasing all the gain during American session.
The result of Friday movement is the daily candle became a bearish pinbar candle.
I would say this mean sellers really step up and controlling this pair right now.
We will aim to sell this pair for next week.
For this trade setup we wil
EURUSD, 4hr tf, double top / bearish flag in playHello my friends,
Today we are going to trade with EURUSD.
As you can see price has been moving up respecting the ascending trendline for 1 week.
Today price finally closed below it on a 4hr timeframe and it also looks like price making a small double top pattern.
This could be a bearish reversal pattern so we are going to try selling EURUSD now.
If you look at daily tf, you cold also see that previous daily candle close looks like a bearish pinbar or shooting star candle.
Based on DXY as wel
EURJPY, daily tf, double top pattern to materializeHello my friends,
I hope you all enjoy your weekend and have a great trading week during this US Election week.
I am gonna share some setup for you all but before i start, let's review the previous week performance.
First position is GBPJPY sell at 136.45 which hit my SL for -70 pips. I lost 2% from this trade
Second poisition is GBPAUD sell at 1.8300 which i closed at 1.8060 for +240 pips. I managed to banked 6% profit or 3R
Third position is GBPCAD sell at 1.7170 which i closed at 1.70
EURAUD 15M SCALP LONG TRADE US SESSIONStacey Burkes TSG Podcast Ep. #18 Forex Trading Strategy.
US SESSION 3 Hour Window
Starting at 8 am EDT
Ending at 11 am EDT
Step 1 Lowest Bearish Candle Inside US 3 hr window
Step 2 Bullish Pin Bar 2nd candle in US window.
Step 3 Bullish Engulfing Candle Entered at Candle Close.
Step 4 Market Makers Stop Hunt Bearish Pin Bar Confirmation for Long Entry Traders.
Step 5 SL below Entry Candle
Step 6 EXIT - Close Long Trade after RailRoad Tracks Bearish Reversal Candle Pattern with 61 pip profit.
WEEKLY ANALYSIS AUDUSD! VULNERABLE NEWS AHEAD OF AUD! Good day traders! Hope you all are enjoying your pleasant weekend! Take some time to clear your mind and come back stronger into the market again! Everything will be alright!
AUDUSD has rejected to move higher on Friday and closed in bearish pinbar candlestick under weekly candlestick. The upcoming week will be a challenging week ahead of AUD as major data and news will be announced. Therefore, expect AUD to lose some strength.
A push to the downside is most likely to happen and ideally to re
EURCAD Support & Resistance TradingSTRATEGY: Support/Resistance Trading Strategy
Focus Time Frame: 1H
Long Term Trend Time Frame: 1D/4H
Market Condition: Ranging
Area of Value (AOV): Resistance (Price at Resistance Zone) 1.47387 - 1.46936
Entry Trigger:
1H: Bearish Pin Bar
4H: Bearish Engulfing
Entry Price (EP): 1.46725
Stop Loss (SL): 1.47432
Take Profit (TP): 1.44753 (2.79R)
Analysis:
EURCAD is currently at a ranging market condition as we see clearly on the chart. Looking on the 4H Time frame, we can see th
GOLD - Falling stars... and here is our bounce on the daily chart.
The dip buyers have arrived and they are buying. I highlighted 5 falling stars on the daily chart at daily cycle tops where we got the next day/days a convincing bounce but on the second or third day the drop always arrived...
Sometimes the drop arrives on the same day, sometimes only the next day.
But it's coming.
I checked the COT yesterday. The blees rating dropped just a bit from 68 to 54.
It's not a big change but if you check carefully you























