So here is a Idea for you guys.
Colored Lines and fields describtion
Yellow - - - = General Trend since 10.01.2018
Red Line = Top of the Channel
Green Line = Bottom of the Channel
Orange Field = possible Short Position
Red Field = STOP LOSS
Green Field = predicted Target
So as you can see on the chart we are on a general down trend. The channel looks pretty good the bottom and top line have a wide distance between each other. They are also got hit twice from the candles twice on the bottom and twice on the top line. So we have some strong lines. In fact that we have a general downtrend and the channel faces in the same direction we can predict a trend continuation. Thats why we gonna short this position. Thats the general pattern information.
Now when and how do we short ?
We are on 30min candles. I am waiting now for the first candle to finish ( red ) after that i am checking if the second candle continues red ( waiting till 15 after the candle was build ) if the candle looks good i am going to short this position on a x100 leverage.
Ofcourse i will know you guys when exactly i am going to short and i will update this idea. So just wait till i open the trade and give you the go :)
I hope you guys enjoy my strategies and i am really thankfull for every reputation or like on my work.
Have a good trading week !