Step 1 - Apply Indicators to Chart: *20 Period SMA *40 Period SMA *80 Period SMA Step 2- Identify the Trend. Price Action needs to break the three Moving Averages Step 3- Wait for entire candle to close outside of Moving averages + Pull Back in Price Action + Continuation of Trend We saw the pull back already occur so this looks like a good...
looks like a time to watch for a buy setup to me!
Strategy based on weakly chart Buy GBPUSD @ 1.2802 / TP @ 1.2852 / SL @ 1.27
Here we see divergence with the RSI indicator and price action. Look to go long around 1.28406 for a reversal to the upside. Let us know what you think by commenting below!
THIS ABCD PATTERN INDICATES EUR MAY BE REACHING SLIGHTLY LOWER TO REGAIN PRICE VALUE BEFORE ONE AGAIN ASSERTING A HIGHER PRICE ACTION RANGE. AUCTION MARKET. LIKE IF YOU AGREE ! THIS IS ALL FUGAZI, MENTAL MANAGEMENT. WE THE REAL
NZDUSD WILL CREATE A HIGHER HIGH IN THE 4HR AND ALSO THE DAILY CHART B
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Wait for a small correction towards 38.2% down to 50% fibonacci retracement and go long. Move the stop loss to break even once you have reached risk:reward ratio of 1:1. Target 1 – 0.7350. Target 2 – 0.7430. Target 3 – 0.7520. Protection below 0.7240.
The asset has also provided a flag pattern and now is in a flag pattern again, the 100 MA will provide support the price, and the Coppock curve is a in a triangle pattern and it will most likely breakout upwards to be positive. Also, this is backed by the volume decreasing showing a breakout is Imminent.
Hi Folks, I think it can go from that trendline so watch for it if it breaks and make correction then i will sell.gl:)
Have identified a small market change to the upside. This move could last till a little close to the last high of the last bearish larger move. That will be determined once there. Follow market clues. Waiting for a retest to support zone, mainly looking for the red daily marked one. Once there, wait for retest then after confirmation enter long.
Extension of Primary 5 with 50% consolidation in form of ABC will conclude the sideways and extension towards 1.48 and above. all DXY pairs are tend to trade in same directions. Good Luck. Trade your own plans.
Formed excellent Corrective structure. bottomed at good price levels. One must try long with excellent money management.