Aloha Kakahiaka! Hello and good morning! I set an entry order last night on NZDCAD which triggered me into this breakout of the pattern. -could be forming a false breakout out of the structure and fall back into the structure. (possible)
Expecting a slow day in the markets; Labor day; US banks are closed.
D - Daily is near a double bottom - but it doesn't always have to come down all the way and can begin rejecting as we can see on aug 30 with a lowtest rejection. However, that is not the major key factor in entering. Jumping down to lower time frames is where I saw a potential entry.
4 - After drawing in trend lines, I noticed that the bulls began to charge upward within the 1hr ascending channel. ALthough within a corrective phase, a possibility is price can just break out of the pattern and fall back into the descending channel for a double bottom and then another move up.
1 - placed my entry order (0.84100) what I thought would be well above the structure only to be entered into a "confirmed" move which to me, means the trade impulses heavily in your direction, however, there was an impulse but not completely, and now price is correcting,...
we shall see what happens! following the 90% taught it falcon, price has the probabilty of reaching the top of the descedning structure here for a net of +6% Will remain patient!
Mahalo for reading! Best of luck traders! let's dominate!
Expecting a slow day in the markets; Labor day; US banks are closed.
D - Daily is near a double bottom - but it doesn't always have to come down all the way and can begin rejecting as we can see on aug 30 with a lowtest rejection. However, that is not the major key factor in entering. Jumping down to lower time frames is where I saw a potential entry.
4 - After drawing in trend lines, I noticed that the bulls began to charge upward within the 1hr ascending channel. ALthough within a corrective phase, a possibility is price can just break out of the pattern and fall back into the descending channel for a double bottom and then another move up.
1 - placed my entry order (0.84100) what I thought would be well above the structure only to be entered into a "confirmed" move which to me, means the trade impulses heavily in your direction, however, there was an impulse but not completely, and now price is correcting,...
we shall see what happens! following the 90% taught it falcon, price has the probabilty of reaching the top of the descedning structure here for a net of +6% Will remain patient!
Mahalo for reading! Best of luck traders! let's dominate!