This is my bullish trend idea. However, wait for clear trend continue moment and wait for trend continue after can entry. This is my opinion, not for any signal service. Good luck.
This is my bearish trend idea. However, wait for a fall back to a key level after trend continue to downtrend momentum, because overall structure breakout and continue to downtrend. You can see it high time frame momentum. Good luck
I have added this pair in my portfolio as I spotted an entry based from my strategy.
What lies ahead with this pair merely depends on what the market will give me.
Ofcourse, I am hoping that the bias will be with me with this pair.
Stay tune for the outcome.
The 5 EMA has Broken above the 13 EMA on the 4 Hour Time Frame
The Fast MA on the Trade Development Index has already broken the 20 implying that the currency pair was over sold
Fib Retracement confirms a target to the Long side
Take Profit is Derived from Pivots
On the chart we can see a rising wedge formed after a downtrend.
We expect that downtrend resumes.
So we look for a break below the support line for short entry.
Target is shown on the chart.
The 13 EMA has Broken above the 5 EMA on the 4 Hour Time Frame
The Fast MA on the Trade Development Index has already broken the 20 implying that the currency pair was over bought
Fib Retracement confirms a target to the Short side
Take Profit is Derived from Pivots
The 5 EMA has Broken above the 13 EMA on the 4 Hour Time Frame
The Fast MA on the Trade Development Index has already broken the 20 implying that the currency pair was over sold
Fib Retracement confirms a target to the Long side
Take Profit is Derived from Pivots
Rejection on higher time frame left a daily triple top into a ranging rectangle pattern with a fake breakout at the high
That is rejected by the daily applied moving averages 50 100 and 200.
And a rejection of a pivot point (red line) back into the range.
Rectangle pattern with measured moves as price goes in and out the range in same direction
Bearish...
As we continue
The necktie rejection = head n shoulder on the weekly
The monthly double top second top mad a double top on the weekly which is also the monthly evening star
We have price trading under the 50ma and 100ma
With rejection of the 200ma as this ma is use for market direction on the higher frames so price just became bearish.
HOW TO TRADE LIKW THEM-
Alright the trade of the ending year 🤷🏾♂️ Maybe not in pip target but in presentation and potential to continue yes.
First let understand this is a newly added pair to forex which means the freshness of the market is ideally a great invest opportunity if we trade like them as the initial market direction is what will be the direction for some time. So after...
So a hiding gem is the bank saxo, where with them you can get the oldest documented digital graph of a pair. This allow us to see where the initial Money was placed..
So we see where the money was added. we see trillions of dollars added and stopped at these two levels so you better believe these are the extremes of the pair
Note he have a peak as a high....
Yes from the pervious post I’d explained what is going on here for free cus I want all to win as it’s enough money to change everyone’s life
Now let’s talk about those entries as entries are the hardest.
So ideally we want to see price go back and touch the high please see the first post but we have to be ready for that move to not take place as well. So the...
Monthly we see a double diamond with respect to a bearish trendline with a rejection.
Price is currently below the necktie thus pass the necktie fake out also fakeout are harder to take place on the higher timeframes..
Note overall the rsi doesn’t show higher highs on the test of the trendline so a bearish cont is in question .But trading the pattern more so is...
As can be seen, the price has been falling for a while. Now, the price entered a platform where the Bollinger Bands also shrunk. So, where would the price go after that?
The Bollinger Bands shows a signal that the price would break out in the near future.
So, what could this big change be?
Let’s take a look at other signals.
First, the MACD is in an upward trend,...
previously went short on this and still am. have 2 positions in this trade at the moment. I was expecting an ABCD patters on the overall picture but realised the inner head and shoulder is also about to play out. looking at charts we see the inner right shoulder forming and also lining up with the left shoulder on supply zones confluent with 61.8% levels where...
