This is just an update on this trade we have been holding since the 1.71882 area, We can currently see price at another key resistance level, now we might see price break through this and make further movement up... or we could see a drop now after a few days of flying high ( the aeroplane might be out of gas and need a refuel ) Even though we currently hold a...
Drawn on the chart we have a key monthly support and resistance level ( been used as resistance in this chart ) On the monthly chart this level has been respected and touched the past 4 months... Get the chart up yourself and check you lazy bas#a'rds haha, You can also see this key monthly level has been respected on this chart ( 4H ) Now you can see why it is...
Support/Resistance line = Blue line Trend line ( TL ) = Yellow line Blue + Orange arrows = Support Purple arrow = Resistance Looking at this chart it took me seconds to spot these key levels, Support and resistance level has been used strongly in the past and price on Friday came up to test this level as resistance, What makes this setup even stronger is price...
Here we have 2 strong trend lines ( TL ) TL1 was touched by price 6 times before it finally broke out, and TL2 was touched 16 times before breaking out. TL1 when price broke out it had a bullish run for 8 days and in this time it managed to collect 270 pips, going into this breakout there was a slowdown in selling power ( small bodied red candles ) and a lot of...
Drawn on the chart we have a key monthly support and resistance level ( been used as resistance in this chart ) On the monthly chart this level has been respected and touched the past 4 months... Get the chart up yourself and check you lazy bas#a'rds haha, You can also see this key monthly level has been respected on this chart ( 4H ) Now you can see why it is...
Pin bars and Dojis Easy sell and buy signals on each of the 4h candles highlighted First shooting star/pin bar rejection candle on major level, then 25 pip + easy drop Second doji in an uptrend retesting 14/50ema and 25 pips up 50 pips one day one pair! Just from 4h tf