POW reversal script in use here.
We're on EURCHF working the 30M time frame.
Chart shows trades of this strategy from 31st of March.
Green lines are take profit target, purple lines are stop loss point and white lines are entry points.
We have one trade which is currently live and in draw down but we stick to the proven plan.
For this idea I have kept...
The script in use for this idea is our POW reversal script.
The script is a reversal strategy that can work on any time frame and instrument.
We are using the script in this idea on AUDUSD, working the 4H time frame.
Chart shows one current live trade which is in slight draw down.
Trade label shows the details for the current trade.
The idea also shows...
> FDA approves Pfizer vaccine (a great company, diversified, and with a PE ratio < half the S&P 500 one)
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Last week the US FDA approved the Pfizer vaccine, which will now be commercialized as Comirnaty. The price to earnings of Pfizer is 20, versus Moderna 50 and the S&P 500 average of 45. Pfizer is well diversified and was relatively...
Trade details are shown on the chart.
We are working the 15M time frame on this strategy.
We're looking for the green line which is take profit target.
Little blue arrow is entry point and purple line is stop loss.
Trade has been live since 14:00 UK time.
Trade history can be seen at the foot of this trade idea too for full...
Trade label on the chart shows full details.
We are working the 15M time frame on this strategy.
We're looking for the green line which is take profit target.
Little red arrow is entry point and purple line is stop loss.
Trade history can be seen below this trade idea too for full transparency.
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I try and share as...
This week ill be looking for potential buy's around 1736-1738 on condition that the market gives proper confluence such as rejections to the downside ( hammers and dojis )
I'll also be keeping an eye out for another stop hunt low( Not likely to happen but this is a market based off probability not accuracy )
My target level for this gold trade to complete my Daily...
did it quickly on mobile. be careful of reversals intraday and intraweek at the H3 spots. the targets for those are L3 or lower with stops at H4. the breakout points are,the daily and,weekly H4 break and retests. with stops at H3. targets H5 and H6. camarilla,pivots and the,CPR
hey tradomaniacs,
Did you know that Wednesdays are typical for Whipsaws?
Don`t ask me why, but I have observed this phenomenon a lot of times. 👉https://www.tradingview.com/x/DJQDxMBy/
In very many cases we see a direction during the london-session and then an instant reversal with the open of the Walltreet.
Backtest it yourself🙏
The chart shows it. I hid the indicators, but I'll keep an eye on it and see how 8:00 meets us.
Based on price action, I see a teacup formation with a Price Reversal Zone at the top. I'm thinking about recent trends. It looks like it'll continue upward for some time, but we're in a reversal right now. If you can go a quick sell trade, you can probably try it....
There are several fractals taken from different timeframes & price levels which keep repeating in the almost exact way.
Tried to point out some of them here. Some others will follow later.
