Wait for the break and close of the wedge to enter to sell. Move Stop Loss to break even after the first target is hit ( First Traget = First Arrow ).
SMP TRADING SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Chart time frame - H4 Timeframe - 1-2 days Actions on - A – Activating Event Market will meet resistance in zone @1.776 - .... and fall to the @1.745. In order to enter, the pair MUST be in line with my Entry Procedure.... B – Beliefs Market move towards the first Target 1 level @ 1.745 FX:GBPCAD...
GJ has been in a ranging uptrend for some time now, expecting bullish action to the 150 price level
Hi guys, I am buying the pair @ the market. My target will be the 50% fib retracement. We see a strong bullish divergence on both M15 and M5. Trade with care. Best, Jesse
AUDCAD has broken through the current downtrend on large bull momentum (steep stochastics). We expect the momentum to continue as it goes and tests the 38.2% fib in the short-term. In the long-term we can see 0.97000 being tested if the trend holds. SL below recent lows. Buy TP 1: 0.95400 TP 2: 0.95950 TP 3: 0.97000 SL 1: 0.93800 SL 2: 0.93180
The recent bear momentum in EURGBP has slowed with price flattening out along a major support line. We expect price to rebound towards nearest resistance. High reward:risk trade with a tight stop below support and target resistance lines up with the 38.2% fib. Buy TP: 0.86840 SL: 0.74720
Lets see how this one plays off, high probability trading setup third bounce its in play whit 78.6% fib retrenchment perfectly align
We broke a large triangle pattern on the H4/1D time frame after the last bearish impulse. Now we formed a corrective rising wedge that we also broke to the down side and are now re-testing. Expect price to move toward the target.
We broke a flag pattern on XAUUSD. We are also re-testing the support trendline of the flag. Expect price to move toward the target.
CADJPY has formed a flag pattern on the daily level which it has since broken out of and retested the previous support level, I'm looking to a move to the 79.111 level
Eurusd broke a head and shoulders and support trendline at the same time. We are now retesting the neckline of the HS pattern. Expect price to move toward the two targets (blue boxes).
Wait for the break and close of the rising wedge to enter the trade. Move stop loss to breakeven after the first Take Profit level is hit. Good Luck! :)
Wait for the confirmed break and H4 close of the support trendine before entry. If we do close below the trendline , expect price to move toward the targets (blue boxes). After TP1 move SL to B/E.
We broke and close a rising wedge continuation pattern on the last H4 candle close. Right now we are retesting the support trendline of the wedge. If we see a LL-LC after the retest (you can drop a timeframe to the H1 to look for this), expect price to move toward the targets. Move SL to B/E after TP1 is hit. Goodluck!
If you look at the yellow circle you'll see a support cluster at 3895 if broken we will likely retest the upbound of the channel, but if Bitcoin can't break this support cluster we will likely see a flash crash in the near future. So, how do I know we haven't bottomed? The Fidelity prerelease is the most bullish news we have had in almost a year and the market...