We are looking at a conflunce of Events at area marked A: 1. EMA channel still holding Trend 2.Trendline Bounce 3. Support Turned to Resistance 4. Whole Number 5. And possible Dumping/Stop hunts earlier in the week when price moved fast to that zone stopping al those who took Short position early.
With various action centered around whole cent price points, IGNIS on the 4 hr chart looks to briefly consolidate, touch 23 cents and either shoot back up (setting fire to the rain) or make a small, minor correction back to the next whole cent number. WATCH THE REST OF THE DAY, maybe you can get in on the next spike. Watch volume to see if the rebound is real...
So far a my sentiment for this pair has been fairly accurate and I have been basing off my preferred trading strategy incorporating News, fundamentals, and technicals. The levels of support and resistance I have mapped out above the 1.19990 level become psychological levels that have strong support and resistance rejections/breaches that can be strongly...
Higher risk trade with EUR being strong but I am trusting my sentiment. Read points on chart to understand idea. Please comment with thoughts!
I have presented the day chart with a clear pivot pattern from the top resistance of .96500. I have clearly mapped out the top rejections mapped by the red arrows since we entered this channel in early July. The light blue horizontal lines represent strong support lines and red horizontal as strong resistance. I have placed a green horizontal line as my buy...
EURGBP is trading within a large range on the higher timeframes and is currently trading within smaller ranges on the lower timeframes. This is EURGBP on the daily Earlier this year price strongly rejected higher prices at the top of the higher time frame range, so we can expect price may fall to the bottom of the range in future. Price on the 1H chart has been...
I am selling at the whole level 109 which is exactly at 50% of the candle that took liquidity and reached for an ipa fill. If this setup plays out I plan on holding for a few hundred pips but will take partials at the disruption daily candle where I put the TP on the chart. after 25 pips in profit I move SL to BE so we don't let a winner become a loser.
5 Candle Mastery System has ATR Entry Green and Red Lines Let Price breakout from that Entry line in your Predetermined direction There is a second entry possibility with a breakout at the fractal low @ 1.5955 Sell Take Profit will be at the whole number 1.5900 Stop Loss above ma's
Price has been stretched from ma's awhile Macd about to cross above red signal line rising up to 0 level line Enter with a break-hook-go on 15m chart or buy stop Take profit at the whole number @ 1.2300 SL below swing low
Fractal Low Breakout level posted on chart Waiting for a Bearish breakout of fractal low level Bearish bias because Price failed to break above 50 sma Price failed to close above 20 sma Sell Stop @ 1.5845 1st Take Profit @ 1.5805 2nd Take Profit at 200 sma This trade is from our free pdf "FRACTAL BLASTER TRADING STRATEGY" PM me if you have any questions, I will...