The market moves up, the market moves down. If you are a naked
trader, you will probably note that the turning points in the market
coincide with the support and resistance zones.
-If the market touches a zone twice in succession, it will often move
away from the zone
-Two touches on a zone from below suggests a market top
-When the market makes lower highs, it...
The daily chart is where we get the overall perspective of where the market might be headed and can influence how the market behaves from other timeframes. now in this case we see EURUSD creating a descending channel right? yes, and we should be looking for sells because the market is still channeled in between right?
However, my chat is that we should look at...
Okay, The King Dollar! we have a bullish crab pattern that has completed it first target. The Crab pattern completed a T1 set up all. PA marched all the way to the 382 and reversed almost not a pip more either. we had a few trades happen above the 382 but not many! This week we could see some good down moves on the dollar, maybe all the way down to the Crab PRZ....
There's a double top on H1
Divergence on %D of stochastic.
Will be trading this setup as Moolah
Will move the stop loss to breakeven when price reaches 1.40147
Trade won't be valid if the stop isn't triggered before the close of the very next candle
double top lower high (moolah)
huge fat wick rejection and engulfing on 15m
fib reject the sweet spot 5-618 and text book move to the -272 extention
textbook textbook very nice trade
