Ohh! It's a buy!!! The middle key Psychological Area which has played a vital role both as a support and resistant zone has been broken again by the Buyers! We have now broken the middle area zone and formed a buy signal!!!!!! yes, a pure buy signal!!!!!! tp: Going for the resistant trendline where the market has another price which was respected highly...
3 TRIANGLE (3 LEVELS TRIANGLE STRATEGY) SIMPLE! The uptrending support was broken and retested; on the eclipse, it was the first sell. Now, the market has reached a strong support zone. It has bounces on it as our floor. I am waiting for the market to break and retest the support zone - our floor, and then retest it as our resistance (Ceiling), then after...
Still on buy! I am looking to short the UJ when it touches Resistant Trendline for the 3rd time and the reverses downwards for the formulation of the 3rd Pyramid...or, should the market break the downtrending resistant and retest it, i'll be looking for buying opportunities then!!!!! @ForexPrime
Ohh! It's on the Floor (Support zone) Should we break this floor and retest it, we are going for a sell or should i say, a candle close below this support zone will trigger a sell! my stop loss will be above support by at least -50pips and TP1 and TP2 are drawn for you as you can see! #ForexTrader
Ohh my! It's a SELL!!!! 1. Horizontal Key level broken and retested! 2. Uptrending Trendline broken. 3. Going for the 3rd touch on The last uptrending trendline. 4. Stop loss clear and take profit clear as highlighted! So,let's go!!! Bhekani Bhompus Sakhile (Facebook)
After every impulse, there's a correction. Well, looks like EURUSD is finally giving us that correction. We have a rising wedge which is a sign that the market is about to change its direction, in this case, Descending pattern is very possible! We had an uptrending channel and the market has broken it now. There's a trend within a trend - in this case, on the...