same as daily h1 just lower timeframe, the ltf can be a bit messier sometimes. so need clean setup.
Hello Traders. Welcome to this Post about How to properly Draw and trade demand levels. In this post first post we will talk about how to draw it. if you can memorize the simple methodology, then you can start applying more advanced theories on top of them! Make sure to follow for more content Frequent Questions : How to Draw a Supply level ? When to Know...
Nice bearish wolfe wave day trading setup..look for them on 15 minute charts, with breakout at start of London session going to end of London session.
Using Wolfe Waves can be done, on any time frames and type of trading.
Symmetrical Triangle spotted on GBPJPY. Long entry on break of pattern. You can find these Patterns across all charts. Mark out your areas of interest and monitor Price Action!
The key to recognizing the Wolfe Wave setups is symmetry. Ideally, waves 1-3-5 are established with very regular timing intervals between moves. The other key ingredient is that the wave 4 should revisit the price range established by waves 1-2 for the best results. Another way to describe the pattern is that it comes as a rising wedge / channel in an...
Hey guys just showing here a trade i took and a couple of lessons shown on the markup as to how im looking at PA and making supply and demand more simple
Hello traders , make sure to read this post . This is probably something that everyone need to read if he or she want to jump into the next level. Please Like to make this post reach as much as possible traders in order to Help the community. With that being said let's jump into the explanation. The average human is not wired to properly trade the financial...
The Cradle Pattern Normally it should be a signal of reversal of the current Trend. – It occurs during a Downtrend; confirmation is required by the candles that follow the Pattern. – The Pattern starts with a long and black Candle, during a downtrend (Due to the Traders that are selling because they are worried by the downtrend). – Then there is a phase of...
5 Tips to trade W reversal patterns: 1) Only trade W’s off the lows 2)Only trade W formations London & NY Session 3)Wait for the second leg stop hunt to the high/low of the day to confirm entry 4) Asian consolidation range should be very well defined 5) Always use proper risk management, if the Risk reward ratio is less than 1:3+ the trade is not worth...
5 Tips to trade M reversal patterns: 1) Only trade M’s off the highs or overbought/supply areas. 2) Only trade M & W formations London & NY Session 3) Wait for the second leg stop hunt to the high/low of the day to confirm entry 4) Asian consolidation range should be very well defined 5. Always use proper risk management, if the Risk reward ratio is less than...
💡 13 Common Cryptocurrency Terms and What They Mean
1. Buy: 1.1. In any time frame we buy when price is seemingly plunging & RSI is gaining strength. Here we "MUST" watch only. 1.2. Then, a consolidation starts during which we can be almost sure that there will be no more descending move. 1.3. Being familiar with Harmonic Patterns during growth, consolidation & downturn cycles would of utmost help. 1.4. Next is...
One of the return patterns that helps a lot in market analysis is the Double Top pattern . So that we will have a price return equal to the height of the bar. This very beautiful pattern is well evident in the one-day time of this currency pair.
Yes, possible 4 obvious trades on hourly chart of GBPNZD on Thursday (two sells and two buys), you need to ask yourself HOW could you have entered these trades with right risk management related to- lot size, entry price, stop loss and target? Diamond Pattern is a harmonic pattern. What do you always need to be aware of is bigger picture, like the following:...
Hi (1) as you see when a bullish pattern wants to be a bearish pattern , after breaking support line , we can see a bullish flag or bullish triangle . (2) as you see when a bearish pattern wants to be a bullish pattern after breaking resistance line we can see bearish triangle or a bearish flag pattern . so these patterns will help you to understand market better .