This current LONG order is based off my 4H trend following strategy. I use the 40MA as a support barrier and LONG orders can only be made when 40MA is above 120MA.
Trade entered at the end of 4H close (17:00 GMT+1).
SL will be move to entry (£0.00 loss if hit) after 4 x 4H candles (16H) if price is above, otherwise I will take the full loss.
Second SL move will...
Please bare with the clutter on this chart I just have a few ideas floating about for a Bullish move.
Last week I felt that price has reached the 1D resistance trend line and needed a retrace (0.618%) before pushing higher. I now feel that 0.5% is the level that price will bounce from.
TECHNICAL REASONS:
- We have 2 MA's about to cross since BREXIT (20/50)
-...
HI THERE PEOPLE. I WANTED TO SHARE THIS WONDERFULL CHANCE FOR A LONG TERM TRADE. THE FORMATION OF A TRIANGLE PATTERN WAS EVIDENT BUT ALSO IS THE FORMATION OF A FLAG ASWELL. I HAVE DRAWN THE IMPULSE OFTHE FLAG AND IF YOU PROJECT IT TOWARDS TO THE UPTREND YOU WILL SEE YOU HAVE A LONG WAY FOR A TRADE EXACTLY REACHING AN OLD RESISTANCE MARKED IN MY ANALISIS WITH A...
I SEE THESE TWO CHANCES OF TRADE HERE. I AM VERY SURE THAT THE MARKET WILL BRAKE THE TRIANGLE RIGHT AFTER HITTING ABOUT 5 TIMES THE DOWN SUPPORT LEVEL AS YOU SEE WITH THE 5 ARROWS. LET ME KNOW WHAT YOU THINK!!
CARLOS
WOLF OF PALMA
-NOTE-
Monday 30.5.2016
Today it's a quiet day on market because London Stock Exchange and New York Stock Exchange are closed. In UK is May Bank Holiday and in NY is Memorial Day.
