Will be looking for: Candlestick Reversal patterns on Exhaustion area Crossing of MA's Confluences 61.8 FIB H4 Trendline
Entered Long after: my exhaustion area/ resistance was broken and retested plus more Buying Confluences. No Set TP as it has reached its ATH will exit after I see a 38.2 FIB break.
Waiting on the following before entering; Price to come back to Exhaustion area Sellers exhaustion wicks double bottom Bullish Engulfing variations Minor Counter Trendline break & Retest MA's crossing on H1/H4
Waiting for confluences and buying momentum
Will add another trade once i have my buying confluences.
REASONS: -Monthly Timeframe candlestick is bullish -Weekly Timeframe candlestick is a bulllish doji with seller exhaustion (wick at the bottom of candle) -Daily Timeframe candlestick is bullilsh and the previous 4 candlesticks have sellers exhaustion (wicks at the bottom of candles) - Lower Timeframes correlate with higher timeframes My Purpose: I am executing...
REASONS: -Monthly Timeframe candlestick is bullish -Weekly Timeframe candlestick is showing sellers exhaustion (wick on the bottom of candle ) -Daily Timeframe , the past 4 candlesticks showing sellers exhaustion (wicks on the bottom of candles) -Lower Timeframe correlating with higher timeframes My Purpose: I am executing projections and trades that create...
REASONS: -Monthly Timeframe candle is bullish with a wick at the bottom (sellers exhaustion) -Weekly Timeframe candle shows reverse head and shoulder pattern -Daily Timeframe candle shows exhaustion from sellers and buyer (wick at top and bottom of candle) -4HR Timeframe shows sellers exhaustion with doji -Lower timeframes correlating with higher timeframes My...
REASONS: -Monthly Timeframe Candlestick shows Buyer exhaustion with a wick on top of this months candlestick , which is also bearish -Monthly Timeframe Candlestick shows price in a consolidation zone between 1.85000 and 1.764000 -Weekly Timeframe Candlesticks also show buyer exhaustion with the last two weeks of candlesticks being wicks at the top of the...
The Pound vs. Yen is stuck in a descending broadening channel. As we can see, price was rejected by that area of supply (around the 138.900 psychological level) and looks like it wants to head back into that support level of 133.950. If we can get a rejection of that previous support level, it shall form a double bottom and break July 19th's descending trend line...
WERE CURRENTLY sitting at a 61.8 fib LEVEL we can see a reversal to the downside for the market to gain some more momentum to break this level in the future if we see some wicked or consolidation around this current level it may represent market conditions currently rejecting price from passing this level lets see how it plays out im calling a small short into a...
its been a while since i posted but im back ive been studying and watching markets intensively we got rejected earlier this week on a fib level so im thinking markets will come down this level for support and make a rise