On 1HR structure, I can see that price was in a sharp uptrend, respecting the lows. Price passed TP 2 -61.8 on the 1Hr fib and is consolidating on a weekly level. There's divergence showing on the RSI indicating a possible downtrend. I am looking to see if price will consolidate more on the weekly level then break and retest 1hr trendline and make its way down...
On the 1HR, price was in a downtrend and passed TP2 -61.8 on the 1Hr fib. Price consolidated a bit on the monthly key level as it started an uptrend. There was divergence showing on the last push of the downtrend indicating a buy was possibly coming. Now in an uptrend, price has pulled back to 61.8 on minor structure fib. I am looking for price to break and...
On the 1HR, I see that price was trending downward, hit -27 on 1Hr fib after retracing to 61.8. There's a minor upward trendline that price just broke and is retesting along with the 1HR trendline. I am looking to see if price will retest the minor trendline for the sell and continue respecting the 1HR trendline making its way down to the monthly key level
On the 1Hr, I see that price was in an uptrend. Price broke through the 1Hr trendline and retested for the sell. Now in a downtrend, price pulled back to 50 (in a resistance zone) on the 1hr fib. I am looking to see if price will respect the 1hr downtrend at least to the monthly key level
XAUUSD Long trade: Return to support area and quick FIB to -61.8
GA Break of Bearish trend (AGAIN) Looking for it to bounce off of support and break downward trend. looking for 100 pip move to previous resistance
Break bullish trend. Watch for fall through support. Return to -27% on Fib
USDSEK Trading the breakout on the 4HR chart. Not sure which way this one is going to go based on the financial news from last week and there's more coming up this week. Watching the current zone to catch the swing in either direction.
EUR USD - Trading the Breakout... Looking for EU to go Bullish based on the end of last week. However, if it dips, targeting the last point of support for TP before swing to the upside
MA 4 crossed the 50 on the daily Moving average s trending upward to the high of 1.6255. I’m splitting my tp just below a couple of high points
MA 4 crossed the 50 on the daily Moving average s trending upward to the high of 1.6255. I’m splitting my tp just below a couple of high points
I'm learning some really good stuff from these FOREX educators
I am seeing the previous buys are being stopped out on an upward trend. Once the next set of support is hit again, I see it moving LONG to the previous high, around 1430ish
New weekly trade strategy: Engulfing bear candle indicates possible bear trend for the week. Stop loss at top of bear candle, SellStop just below the low-end of the candle Risk small lot size with 1:1 ratio
New weekly trade strategy: Engulfing bear candle indicates possible bear trend for the week. Stop loss at top of bear candle, SellStop just below the low-end of the candle Risk small lot size with 1:1 ratio
Looking at the five-minute trend as well as the RSI at the time it appeared that the market will be moving upward on this currency . the biggest decision was based off of the moving average crossing on the early chart on its way up.