We are over extended on the weekly/monthly expecting a pull back. Now we have broken out of the trend line and broken supply, so if we pull back to demand we expect bullish movement. To get involved in what I do and join a profitable trading community, check out www.kgfx.co.uk Or follow me on instagram @kgfx.co.uk
Hi guys, it has been a while since I have posted but I am back with a potential bearish opportunity on EURJPY. We have clearly been violating lows through out last week on the 4 hour time frame, and also have been bearish in the long term. Now we seem to be pulling back to a level of previous demand, which also lines up with a fresh supply zone. This also lines...
There has been so many opportunities over the past few years to buy bitcoin, as we have consistently been making new highs and then systematically pulling back and retracing off of previous highs. We recently saw this pattern happen again when we crashed back down to $785 (where I bought) and within one week we have seen an increase of $145. Is it likely that we...
I managed to get in at 0.8674 but price has just broken out breeding a new opportunity for entry
At the beginning of the year, if you look back at my posts, I went long on gold around the 1050 level as it was reacting off of a weekly trend line and broke out of a consolidation area on the daily time frame. I think Gold is on its way to a massive sell off as it is approaching the weekly resistance trend line at 1400. With this current set up, I am waiting for...
Got in at 0.97327 currently 19 pips in profit. Price broke out of the down trend with momentum and pulled back where I got in and now is continuing to rally.
Dollar Yen is Retesting Monthly Support 101.000 and has broken out of an ascending channel.
Here's my monthly breakdown for gold against the us dollar. The precious metal has been bullish since the start of the year which I and my team predicted quite early on, if you have a look back at my earlier posts. I now think this strong bullish trend is due to come to an end. Price is approaching the monthly trend line as well as a monthly resistance zone around...
The markets been making lower lowers and lower highs for the past couple months, but we broke structure and made new structure highs at the end of last month which signifies potential moves higher. We've pulled back into a Gartley pattern completion which lines up with a demand zone which is where I've entered.
Now I've been waiting for the Aussie to return to the 0.74 psychological level since last month and due to non farms it seems we've made it there quicker than expected. Look left and you can see why this level has some structural significance, so even if we break this level and I get stopped out, I still think there is opportunity for a breakout trade to the...
Gold has been in a strong bearish trend, making lower lows and lower highs for weeks now, so a short opportunity has always been in mind. There's a key level of structure around 1230 due to strong support so I have always had an interested in this level. The market broke through this level late last month with some decent momentum and we are now pulling back...
The euro has been making lower lows and lower highs which means I've only been looking for short opportunities. If you scroll left you'll see we have some key structure which lines up with a supply zone and the bat pattern completion.
Here we have a decent set up. Price is currently in a bullish trend and has been reacting off of a key level of structure. The bat patten completion and demand zone also fall within this level of structure giving a nice level to enter.The 200 ema is also floating close to my entry level which could be used as support and added confluence. My 1st entry has a risk...