Got in a bit too early ... overly eager ... But SMA4 crossed EMA 50. Also in a pitchfork on a harmonic pattern. Expecting to hit at least median ... The dashed arrow line to top of P&L box is the same length as the first push from the bottom of the harmonic pattern
Pivot scanner provided possible TPs, but in the 4H channel I suspect it won't quite get to R5. Put up fibo retracement and took it to about 61.8% .... kept my risk to 1:1 for 10 pip SL and TP.
15m FAST33 says sell, but 5m shows coming to end of buy cycle. MACD is sell for both with HA candles also indicating a sell.
1m has signs of a buy but mostly SELL.
Currently in what appears to be a descending triangle ... Looking to see price action either:
1 - break the top of the triangle, hook back, check and keep going up ...
2 - break through support and go to 2nd support/trend line
Waiting to see what happens... If MACD cross get in at least until the quarter
harmonic pattern looking for sell, one of my tools sent an alert to a possible SELL LIMIT shown here. Currently in a pending trade ... also see that it could potentially hit this level around the time of 2 pitchforks meeting (high energy point) ... waiting for it to trigger
although MACD shows a sell ... HA candles are becoming smaller - indication of change in trend. The 1H timeframe shows the 4SMA crossing up on the 50 EMA. It also is moving up in the pitchfork. Also see that the MTFA for 1H was in the green for a buy.
Pivots show that it was heading down ... FAST33 shows down on 15m as well. It looks like it's heading down to hte median of my pitchfork and harmonic scan combination.
From last night's update to the chart, I expect it to continue to go higher (expecting it to be on wave 3 right now). Had other alerts to tell me to get in, and another alert that indicates it may go down around the TP for this call
Received a Moving AVerages crossover alert from one of my tools. Found that the 1H on AUDCAD had an MA cross where the 4 SMA crossed up on 20 EMA and 50 EMA. Missed initial entry but with the 1H paralell channel and Heikin Ashi candles, looks like it has a lot of room to keep going! Also just left a pitchfork.
I may have gotten in too early though as a few of my...
GBPJPY 4H buy, 1H SELL, 20m sell, 15m SELL
My MTFA HMA shows sell on 1m, 15, and 30m ... MTFA-FAST shows sell on 15 and 1. MACD across the board shows sell. PSARs flipped to sell on 15 or 30m.
Still following 4H trend line up. HA says buy.
1H HA says major sell PSAR saying buy - dancing around 4H SNR
15m HA, PSAR, MACD, MTFA HMA with bands (both), and MTFA-FAST all indicate sell.
I did a 1:2 risk reward ratio, but not sure to expect it to hit all the way there. It did break past a quarter line and could bounce off the 50 EMA
