FX:USDJPY Reached the resistance of the main candle and could go downtrend to the previous low
This week prediction of the brent petrol is lower low + lower high...
I planned to enter short GOLD from the D point of AB=CD pattern. This is 4H chart so this is weekly swing trade . if you dont have time to sit in front of the screen it should be a good approach to have strategy works on 4H chart.
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Hello there, as stated before, the daily/4h (chart represented in the 4) is showing a possible descending triangle . Thought is not a perfect setup as triangle, is still has 3 touches in the bottom and the representation which i showed would be a the ideal case of a breakdown. The possible target is not the low, could go lower or even never arrive to the low....
Welcome, This Backtest is a showcase of the immense force of this tool. Please see the below backtesting results. The chart is not of important information, you may zoom in and see the trades urself. Cheers
The price could not break the Resistance Line. Moving below SMA, Bollinger Bands squeezing to the downside. The RSI STEP TREND (One of my favorite indicators) will confirm our entry. I will update the chart accordingly. Expecting to reach Target Zone 7800.00 - 7900.00 soon. Leave a thumbs up if you like my idea and let me know what you think! This will keep...
Channels & Ranges are repeatable trading chart patterns. Channels & Ranges are consolidation chart patterns that can breakout either direction. Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern. What ever time frame you are trading this chart pattern, wait for a candle close outside of the trendline in the...
GBP USD 4H 150 PIPS PRICE 1.23407 SL 1.23915 TP 1.21900
Ranges are a repeatable trading chart patterns. Ranges are consolidation chart patterns that can breakout either direction. Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern. What ever time frame you are trading this chart pattern, wait for a candle close outside of the trendline in the direction of the...
Hello there guys, after few day of inactivity, after the weekly close, yday monthly and quarterly close we have still the bounce up due to oversold reasons going on. We could see the volume was declining, hence a possible rebound due to oversold regions in almost all oscillators. We broke our 1st resistance point at 8290-8300, next possible resistance is 8800,...
EURNZD Setup: HNS Confluence: BRN CRS @ right shoulder Confirmation needed: Price to breakout neckline Entry: Sell @ 1.7370, SL @ 1.7430 (60 pips), TP @ 1.7200 (130 pips) TAYOR Let me know what you think :)
Step#1: Draw a Price Channel if you are able to see at least two Higher Highs and Higher Lows. The Price Channel pattern is drawn by connecting the highs and lows. During this stage, we’re looking for distinctive price action that can be contained within two parallel lines. These lines will ultimately form the Price Channel Pattern. If you’re able to spot two...
Well there is a possible bear channel forming on the 4H, indicators and also the EMA on the 4H are suggesting an exhaustion of the trend, the EMA are really father away from the price and spread, in this situation price trend pull back at EMA/MA then follow the trend again. Possible another drop, but also a bounce is incoming soon.
EUR CAD 4H DOWN TREND PRICE 1.46286 SL 1.46863 TP 1.44755
Well, what a beauty the TD setup trend resistance line, I can't keep thinking how many times it kept up to my expectations. Adding to the daily 9 BUY, 128 daily EMA, the TD setup trend resistance line, a 4 h 9 BUY is also to be factor in as support area. In my view exiting (or at least taking 50% profit) in the short is a must, then wait and reevaluate. We are...