This topic can be tricky for some. I hope I can help you with that.
Impulse entries are for people that can look at charts all day.
Pendings can help those that are too busy to keep checking charts.
Your confirmations are wick rejections, followed by an engulfer or momentum candle.
Watch the video, and see how I do it.
I hope you find the video helpful.
On the EURAUD we can see a RD+ and double bottom pattern which is a strong pattern for reversal on the other hand, on the major pivot point and demand zone has a nice hammer with a massive wick.Totally; we have lots of signals on the chart which is telling us the price's moving is gonna revers.For now, jump to the long position till our target what...
Following the previous analysis, I managed to take profits along the way and, most importantly,
secured them by making this trade a free-risk one. Price tested our major trendline structure (more of an area than just a line), almost hitting
Could have waited for a lower high formation, but the wick rejections might tell us otherwise.
Also, we expect a...
Kyber Network- One of the only two DEX coins that are on the Coinbase and are on the hot streak. Follow the daily timeframe and buy on the pullback as long as the ascending triangle structure remains intact
Good Morning Traders. I hope everyone has had a great week so far.
These are my thoughts for GBP/USD.
After a strong push to the upside momentum is finally starting to exhaust. I expect price to correct before continuing on an uptrend.
Reasons for trade:
- Strong wick rejection on 1hr indicating sell pressure.
- Price over brought
Trade one pair at a time....
Strong on all time frames within this recent down trend. Looking for a long term buy on this pair at potentially 1 of 2 different level, the first zone and more recent between 18.15590 - 18.19661and the second zone between 18.02835-18.11248. The trend line imply a continuation to the downside until we reach these levels. Also, we may see pullbacks continue to...
Price reacting to a zone and rejecting the zone looking for a break and retest. We have a trend line obstruction that we’ll need to break through. This downward move comes from a rejection of a channel on the daily. The first move I see is the continuation downward until we get to the weekly zone which will be difficult to break through.
On the weekly, price formed a strong channel and it’s being respected on all lower time frames. Price has pushed downward after reacting to a rejection of a daily zone which also line up to the recent down trend. Drawing a trend line downward from the recent Higher lows we could see a push upside for a retest of the trend line again. Which is another...
A nice trade in sight on the Wick rejection strategy: most common is 1:1 but 1:2 is also quite possible depending on the momentum.
Once position is good in favour move SL to B/E with some pips profit and let it run or bust.