Potential Sell Opportunity Wait for Confirmation Potential Sell Limit
as i stated before seeing the charts a bit more clearly we should see some upside as theres a fresh one hour chart uptrend over the last little while 1. our HOURLY FOUR HOURLY AND WEEKLY SIGNALS ARE INDICATING a STRONG BUY 2. we have a bounce from a 4hour support support 3. and our stochastics are up for daily and 4 hour chart we MIGHT VERY WELL SEE AN UP...
Daily Structure was respected. came to 88.6 FIB before being rejecting lower, H1- Created a triple bottom, Bullish Engulfings, Cross of MA's, exhaustion Trades Already Entered 1st @ 0.68658 2nd @ 0.68806 3rd @ 0.68761 TP's will be between @ 0.70300 & 0.70800 Will Enter more trades if the market provides it
Daily Trendline being respected H4 - Price came up to 61.8 FIB, touching a H1 Exhaustion Zone before reversing back to the downside, Creating a FAT Bearish Engulfing H1- Cross of MA's, Multiple Bearish Engulfings, Minor Structure was broken and retested < H1 - Minor Trendline Break and Retest, Already in the trade 1st Entry @ 1.30666 2nd Entry @ 1.30456 Going...
Came back up to Exhaustion Zone that has been touched 5 times since December 1st Created a Evening Star Doji with a huge Bearish Engulfing on H4 Going to wait for a retest of 109.7 exhaustion / or a breakout below 109.45 with a clear retest and Other Confluences (MA's, Minor Structure, candlestick Price Action) showing downside move
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...