Step #1 Wait for the Price to Break and close above the Ichimoku Cloud.
Ichimoku cloud trading requires the price to trade above the Cloud. This is because it's a bullish signal and potentially the beginning of a new up-trend.
The cloud is built to highlight support and resistance levels. It highlights several layers deep because support and resistance is not a...
EURJPY: Prices has once again retrace back up to resistance area on my chart. Prices tried testing the highs since yesterday but bulls aren't strong enough to bring it higher and it seems like sellers are starting to take control of this pair now. The last time price retested the same resistance, it bounced off aggressively...
Price held at 100 sma
1st Sell Stop @ 1.3067
2nd Sell Stop @ 1.3017
3rd Sell Stop 2 1.2947
Take Profit along the way or
Finale Take Profit @ 1.2910
SL shown - move SL as price continues to fall to protect profits
Zcoin XZC 30m
The 3L-R reversal is a four-bar pattern and it means three lows (3L) followed by a reversal (R).
The main characteristics of this reversal chart pattern are the three consecutive lower low candles. The high price of these three particular candles doesn’t matter; the only thing that matter is that each low is lower than the prior low.
The fourth bar...
price moved to the upside for some time now but the trend broke recently. in the daily we can now draw the first trendline tot the downside. Major support is ahead so consider if you want to ride this to the downside as a trendtrader or maybe you want to lock some profits in around that area.
Trade what you see, not what you think