waleedcancerion

waleedcancerion Updated 

Historical data suggests GBPUSD has certain seasonal tendencies within it's calendar year, April being the best in terms of its strength and August being the weakest. Current economic situations and amidst these SVB collapse, rising inflation and expected recession suggests difficult days ahead for DXY. When we look at the DXY it loosing strength which...

waleedcancerion

Trading plan for Instrument (sell biased) Dow Theory ,S&R, chart pattern to develop trade plans Bearish indications Series of LH,LL trendline resistance bearish divergence Entry:99 (upon breakout from parallel channel ) Risk :2% TP:97 Stop loss: 99.4

waleedcancerion

Trading plan for Instrument Dow Theory ,S&R, chart pattern to develop trade plans Bearish indications Bullish trend break Bearish trend confirmation LH,LL head and shoulder like pattern Entry:1.5720 Risk :2% TP1:1.555 TP2:1.5446 TP3:1.53688 Stop loss: 1.5912

waleedcancerion

Trading plan for Instrument Dow Theory ,S&R, candlestick patterns, chart pattern to develop trade plans Bearish indications Bullish trend break Bearish trend confirmation LH,LL bearish candlestick pattern ( 3 black crows ) ABCD reversal pattern Entry:166 - 166.5 Risk :2% TP:163.8 Stop loss: 168.9

waleedcancerion

Trading plan for Instrument S&R, trendlines ,candlestick patterns to develop trade plans Bullish indications Bounced from Strong support Bullish candlestick pattern ( bullish engulfing ) Entry: 0.3015 Risk :2% Tp1: 0.3070 Tp2: 0.3158 Tp3: 0.3200 Stop loss: 0.2980

waleedcancerion

Trading plan for Instrument Taking Dow Theory , S&R, trendlines , chart patterns to develop trade plans Bullish indications Series of HH,HL Bullish candlestick pattern (bullish engulfing) Bullish pennant formation (confirmed) Entry: 23.80 Risk :2% Tp: 25 Stop loss: 23 (previous HL)

waleedcancerion

Trading plan for Instrument Taking Dow Theory , S&R, trendlines , chart patterns to develop trade plans Bearish indications Series of LH,LL Horizontal and trendline resistance Bearish flag formation bearish divergence Plan If rejected from resistance level, will sell with first target at lower support if breaks lower support would be the confirmation of...

waleedcancerion

Looking at the 1hr timeframe , instrument is forming bullish trend (series of HH,HL). There is a symmetrical triangle pattern (break out confirmed) . Using symmetrical triangle target (1.3550) for TP and stop loss a little below previous HL (1.3395). Risk 2% Reward/Risk : 2 Buy zone : 1.3440 -1.3460 STOP Loss :1.3395 TP: 1.3550

waleedcancerion

Utilizing DOW theory to spot the trend and find out the best possible entry with candle stick patterns and chart patterns. And using projections with Fib levels for targets. Looking at the 4hr timeframe , instrument is forming bullish trend (series of HH,HL). Confirmation of uptrend upon breaking first HH and there is a bullish pennant(break out confirmed)...

waleedcancerion

Utilizing DOW theory to spot the trend and find out the best possible entry with candle stick patterns and chart patterns. And using projections with Fib levels for targets. Looking at the 4hr timeframe , instrument is in bullish trend (series of HH,HL). It retraced to 0.618 fib level after making previous HH and there is a bullish flag pattern forming suggesting...

waleedcancerion

Utilizing DOW theory to spot the trend and find out the best possible entry with candle stick patterns and support and resistances with Fib levels. Looking at the Daily timeframe, instrument was in bearish trend (series of LH,LL). It broke the trend by breaking the last LH also breaking the trendline resistance (trend break point on 11 Nov 2022 candle). A slight...

waleedcancerion

Utilizing DOW theory to spot the trend and find out the best possible entry with candle stick patterns and support and resistances with Fib levels. Looking at the 4h timeframe, instrument is not making more higher highs (HH=1.14909), confirmation of the downtrend from series of LH,LL. Also there is a confirmation of bearish trend from bearish candle pattern(3...

waleedcancerion

Utilizing DOW theory to spot the trend and find out the best possible entry with candle stick patterns and support and resistances with Fib levels. Looking at the 4h timeframe, instrument is not making more higher highs (HH=1.39775), confirmation of the downtrend from series of LH,LL. Also there is a confirmation of bearish trend from bearish engulfing candle...

waleedcancerion

Utilizing DOW theory to spot the trend and find out the best possible entry with bullish candle stick patterns. Looking at the 1h timeframe, instrument is not making more higher highs (HH=26.86), need to confirm the downtrend from new LH,LL. We get the confirmation upon breaking first HH suggesting a bullish trend . I will look for a bearish candle pattern(bearish...

waleedcancerion

Utilizing DOW theory to spot the trend and find out the best possible entry with bullish candle stick patterns. Looking at the 1h timeframe, instrument is not making more lows (LL=0.33), confirmation of uptrend from new HH,HL. I will look for a bullish candle pattern in buy range 0.40 - 0.4050 to get best lower possible entry as compared to previous HH (Found...

waleedcancerion Updated 

Utilizing DOW theory to spot the trend and find out the best possible entry with bullish candle stick patterns. Looking at the 1h timeframe, instrument is not making more lows (LL=5.68), need to confirm the uptrend from new HH,HL. We get the confirmation upon breaking first HH suggesting a bullish trend. I will look for a bullish candle pattern in buy range...

waleedcancerion Updated 

Utilizing simple yet powerful DOW theory to spot the trend and find out the best possible entry, exit points. Looking at the daily timeframe there are series of lower highs(LH) and lower lows(LL), suggesting a bearish trend. Hence a possible short position is there at 10700 with stop loss a little above previous lower high, take profit at 10440 and if this level...

waleedcancerion

Utilizing simple yet powerful DOW theory to spot the trend and find out the best possible entry, exit points. Looking at the daily timeframe there are series of Higher highs(HH) and higher lows(HL), suggesting a bullish trend . Hence a possibility of following long position Entry long : 1.56676 Stop loss : 1.5355 (a little below previous higher low) TP: 1.62250