Hey everyone, looks like we have a short trade coming in on WTICOUSD. We have a triggered crab pattern and the TP of the pattern will actually break a larger wedge we have been forming. Move SL to breakeven after the first target, blue box, is hit. Good Luck :)
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.
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.
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 @144.66 - .... and fall to the @141.200. In order to enter, the pair MUST be in line with my Entry Procedure.... B – Beliefs Market move towards the first Target 1 level @ 141.400 ...
SMP Trading SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Chart time frame - H4 Timeframe - 1 Day Actions on - A – Activating Event Currency Pair creating a Double Top B – Beliefs Market will meet resistance @0.946 level and fall to the @0.94 level. In order to enter, the pair needs to be rejected by the Bollinger Band line FX:AUDCAD Trade Management...
Posted this set up last week, however due to technical factors not aligning the trade set-up was cancelled. Following Friday's bullish engulfing closure breaking out of the range-play, Euro now looks set to advance into the 126.000 weekly key region.
Neutral bias on Gold at the moment, after respecting the break of a descending trend line & rejecting higher prices for 2 weeks we finally saw strong bullish momentum on Friday that broke back above the trend line. Now we are anticipating one of the two scenarios marked on the chart to play out. Scenario 1: Price will break above the nearby resistance zone &...
SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Chart time frame - H4 Timeframe - 4 Hours Actions on - A – Activating Event Currency Pair bouncing from support line. B – Beliefs Market will find support at current levels and move towards the first Target 1 level @ 0.71 FX:AUDCHF Trade Management Entered @ Sign up for details Stop Loss @ Sign up for details...
SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Chart time frame - H4 Timeframe - 1-2 Days Actions on - A – Activating Event Currency Pair creating a Double Top . B – Beliefs Market will be rejected at @0.722 level and move towards the first Target 1 level @ 0.715 FX:AUDUSD Trade Management Entered @ Still waiting for confirmation. Stop Loss @ Still waiting...
SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Chart time frame - H4 Timeframe - 1-2 Days Actions on - A – Activating Event Currency Pair creating a Double Top . B – Beliefs Market will be rejected at @111.600 level and move towards the first Target 1 level @ 110.150 FX:CHFJPY Trade Management Entered @ Still waiting for confirmation. Stop Loss @ Still...
SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Chart time frame - H4 Timeframe - 1 Day Actions on - A – Activating Event Currency Pair creating a Double Top . B – Beliefs Market will be rejected at @80.300 level and move towards the first Target 1 level @ 79.750 FX:EURCAD Trade Management Entered @ Still waiting for confirmation. Stop Loss @ Still waiting...
SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Chart time frame - H4 Timeframe - 1 Day Actions on - A – Activating Event Currency Pair creating a Double Top. B – Beliefs Market will be rejected at @84.82 level and move towards the first Target 1 level @ 84.3 level. FX:CADJPY Trade Management Entered @ 84.82 Stop Loss @ 85.14 Target 1 @84.3 Risk/Reward @...
SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Chart time frame - H4 Timeframe - 1 Day Actions on - A – Activating Event Currency Pair creating a Triple Top . B – Beliefs Market will be rejected at @0.723 level and move towards the first Target 1 level @ 0.72 level. FX:AUDCHF Trade Management Entered @ Still waiting for confirmation. Stop Loss @ Still...
The pullback to the untested level of 61xx is overdue. The chart describes pretty much everything. I see price making it up to somewhere close to the blue horizontal line I have and then a massive retreat down. With everyone turning into bulls very fast, dumpers have one more to go before the books get to bullish, and before they get bullish themselves! We don't...
This was the sequence I was waiting for all week. Bears reclaim control with strength, the move slices through the entire zone, THEN price stalls....it's a beautiful thing. Please refer back to the attached ideas/charts from earlier this week, you'll see my commentary. Specifically, it's the strength of the move through the level that put this pair back into...