FX:AUDCHF   Australian Dollar/Swiss Franc
221 8 3
update: trade not filled/no buy signal

not yet in trade, waiting for bull signal in 1/4h.
Piercing pattern created on previous resistance, close below shadows will invalidate this pattern.
itaskar
2 years ago
30 min
snapshot
Reply
itaskar itaskar
2 years ago
no signals yet, price went thru
snapshot
Reply
Technician TOP itaskar
2 years ago
Great you waited for confirmation mate. Good luck
+1 Reply
Technician TOP Technician
2 years ago
We have a similar approach
Reply
itaskar Technician
2 years ago
Hi Technician, are you using for confirmations only 240s(daily trade) or you're looking for reversing patterns in lower time frames as well? // Iam not working long with candles, before I was working mostly with bar charts and median line analisis, but I never knew whats going on when price reached certain line, so I started to study candles which can talk. //
Reply
Technician TOP itaskar
2 years ago
Mate, It depends on the type of the setup, and how much confluence and conviction i have about it, sometimes i dont wait for confirmation. For example, if the price is retesting a major horizontal support level and a rising trend line and forms a hammer on the daily, then the hammer is my confirmation i go long without any further confirmation.

Now, if the price forms a hammer candle on a minor support, then i might wait for more confirmation through the four-hour chart, where i will look for long-lower shadows candles(hammer,long-legge doji,etc..)

So there is some sort of subjectivity.
+1 Reply
itaskar Technician
2 years ago
alright, understand, cheers pal
Reply
AndreLewis itaskar
2 years ago
I would stay stay short, this is going 50 more pips down.
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out