downtrend still intact until high high is form thus looking to sell with 10x RRR
Once again waiting the Pairing to test short term resistance area once again. Short when price rejection happen in this range 1.2450 - 1.2500. Wait for the candle to close to confirm the entry . Otherwise price may then trending up. Therefore in either way, SL is a must. Hit the like button if you have the same thought =)
Waiting the Pairing to test short term resistance area once again. Short when price rejection happen in this range 1.1220 - 1.1260. Wait for the candle to close to confirm the entry . Otherwise price may then trending up. Therefore in either way, SL is a must. Hit the like button if you think the same =)
Finally a clear Lower Low Lower High structure form at 4hrs chart. Short the market when price fail to break above dotted line . Best to sell at price rejection (when price pierce through and close below) TP 1.23465 SL - 30pip above the dotted line / 5 pip above the tail of price rejection candle
Same as GBPUSD, Finally a clear Lower Low Lower High structure form at 4hrs chart. Short the market when price fail to break and close above dotted line . Best to sell at price rejection (when price pierce through and close below) TP 1.0996 SL - 30pip above the dotted line / 5 pip above the tail of price rejection candle
Short at market price - 1.1235 SL 1.1257 TP 1.0996 fail to trend upward after price rejection from the short term support line (it's bull trap), anticipating price to break below
Buy Now , Target Price at dotted line, SL 1.2614
To Buy at pull back , Take Profit at dotted line, SL 0.6884
Longing it from 8866-8867, STOP-LOSS 1D candle close below 8866
After a very profitable long trade on the hourly chart I’m now facing a short setup. The higher timeframes are alls till in bullish territory, but they also show some solid bearish divergence. The hourly chart is trading below MTFA resistance, which seems to be rejecting the price at its current level. The CMF is showing bearish divergence and is currently still...
Litecoin failed to follow through on the bullish breakout, just like bitcoin. And again just like bitcoin, we’re stuck between 2 MTFA levels: 45.2 and 40.8. Selling pressure has taken control as the CMF has turned negative, and the indicator has plotted a short setup. In this case I’m ignoring the breakout level shown by the indicator, but placing the entry...
We reached the MTFA resistance level and the indicator told us the market was overextended. As I mentioned in my previous SPX post: use the tighter stop if we see overextension. Stop was hit at 2749, and now looking for a possible re-entry. All higher timeframes are still in bullish territory, but the indicators are showing some signs of weakness. Both CMF and the...