1. Price is at a key resistance level 2. MA(200) offering resistance 3. MA and resistance level coincides with Fib retracement 61.8 Thanks for reading. Happy Trading
On H4, 1. A key resistance level . coinciding with 50 Fibonacci retracement . Multiple rejections. 2. MA (50) being tested as a resistance On H1 1.Divergence on the stochastic Moreover, it can be seen that it's the first retrace in the trend, 2 more waves in the trend to go. Early in the trend so a greater reward:risk ratio. Targets 1 and 2 as shown in the...
There's a double top on H1 Divergence on %D of stochastic. Will be trading this setup as Moolah Will move the stop loss to breakeven when price reaches 1.40147 Trade won't be valid if the stop isn't triggered before the close of the very next candle
On H4, 1. A key resistance level. coinciding with 61.8 Fibonacci retracement. 2. MA (50) being tested as a resistance 3. Mini-divergence on Stochastic On H1 1. A three touch mini-divergence on %D of the stochastic Moreover, it can be seen that it's the first retrace in the trend, 2 more waves in the trend to go. Early in the trend so a greater reward:risk...
On D chart, The price is at a key reversal level. The level coincides with fib level 61.8 The MA(50) is near the price as well, and it's slooping down(a sign of a downtrend) On 8H chart, Divergence on %D of the stochastic, which I believe is better than the divergence on %K Condition for entry: The candle on the D chart must close bearish as the momentum is...
On H4, market has already made a breakout and is testing the previous resistance as a support. Moreover, MACD shows a clear gain in momentum to the upside. MA 50 slooping upwards, a sign of an uptrend. On H1, bullish divergence on %D of the stochastic. Will enter the trade with a buy stop and not a market order, reducing the risk further. The buy stop will go 1...
Breakout on H4, confirmed on H12 chart. Has no fixed SL or TP. Will just follow till the market violates the Pitchfork. Nothing fancy; just simple and stupid Thanks for reading. Happy Trading
On H4, 1. There's a break and a retest. 2. The candle that has retested the previous support as a resistance is forming a Kangaroo Tail. 3.The upper part of the downward channel is been tested On H1, 1. There's a mini-divergence on the stochastic 2. It's the start of the second wave in the trend A sell stop at 0.96633 with TP at 0.96300, not expecting for the...
SHOP just violated the trend line on H4. It brokeout from a key zone of 425-414. On D2 chart, price crossed MA 50. Moreover the sloop of the MA is up, showing the market is still in an uptrend. Target 500 as the market bounced back from 76.4 so the potential target would be -18 of the fib extension.
Considering the following, 1. For the Fib scale M-N and fib scale L-N, the retracements 61.8(L-N) and 76.4(M-N) coincides almost at the same level. 2. For the ABC corrective wave, the AB part of the wave retraced to 38.2, so I believe BC should extend to -61.8(290.48), which also coincides with the levels mentioned in (1). 3. 281.47 is a key level and cannot be...
EU broke the triangle. I assume it will retest the trendline before continuing the movement upwards. MACD shows the momentum shift upwards but still I will wait for the current high to be confirmed. MA 50 and MA 100 are close to the price. They will provide support, their slopes have just turned up showing the sign of an early uptrend My Stop loss will go...