Price has broken out of the trendline Price has created a Low and High Price has retest the order block creating a HL
This is a test chart for my modified predictive indicator.
As you see in the 4H chart, we are having a downtrend with lower lows and lower highs. On the other side, price failed to break the last low and has made a higher low. Currently, price is approaching to the resistance level at 0.8355, and we should wait for its reaction to this level: Since we are in a downtrend, If price retests the resistance and gets...
After one-year siding way in a down channel, EURGBP has the signal for a reverse wave in early 2022. If EURGBP truly changes to the uptrend, I think this up wave will reach the target during 2 - 3 months.
rally base drop supply confluence with EURGBP, first of many videos here i wll be making. if you find this analysis helpful in any way please like and follow for more as i cover everything from forex stocks and crypto 👍❤️
price is retesting the low in demand for another potential bullish wave
Given the price behavior in the specified support and resistance ranges, possible scenarios have been identified.
EURGBP bounced from the support level on the WEEKLY time frame, Also there is a breakout on the upper trend line on the H4. we expecting the pair to retest the key levels listed on the chart. We taking this trade based on technical analysis and price action. (1) DO NOT ENTER ANY TRADE BEFORE THE ENTRY LEVEL (2) USE YOUR STOP LOSS (3) DO NOT HOLD A LOSS FOR MORE...
Monthly PD ARRAYS Calling EURGBP We Have Price So Close To The Monthly PD Arrays ( Imb/Order Blocks) On The Monthly Timeframe We Have Price Inefficiency (Liquidity Void ) We Looking To Fill That Considering That There Equal Lows In The DAILY We Also Have Equal Lows On The WEEKLY Trade Setup Framework We Look At Bearish PD Arrays Checklist Old...
komalek hokarman haya bo buy 1bms 2 retracement 3 order block 4 stop hunt
Hello, Friends! After some time of sending us mixed signals EUR/GBP is finally giving us a solid bullish bias And judging by the price action at the lower timeframes The pair is about to go up! BUY! ✅LIKE AND COMMENT MY IDEAS✅
Backtesting we can see that the market has retested that zone quite a number of times, making it a strong zone, looking at a successful push to the upside with a risk:reward ratio of 1:2, a W like pattern has been formed from the previous support zone confirming the setup to the upside Buy Stop: 0.83594 TP: 0.84125 SL: 0.83340
We can actually compound on this for a continuation in the trend
Yesterday I have Entered this trade with 5 pips stop loss using 2% of my bank account. Currently it moved 50 pips in my direction. I just put it a bit above breakeven. Entry Reasons: On Montly/Weekly we can see that: 1) The price is slowing down. 2) On weekly chart we can see a Falling wedge formation. 3) Plus it is on monthly support level. 4) Also we can see...