Market broke Daily TL with an impulse followed by a bullish flag. MTFA (Renko): H1 bullish market, M30 identified flag, M15 execution. Though the market did not break TL on the candlestick chart, the momentum in price has shifted on Renko; therefore I took the trade.
SL set below previous bullish impulse; another indication price will not return to the low.
Market coming from demand zone with bullish impulse and starting bullish trend with last week's move. 3-time frame Renko analysis: H1 bullish market, M30 identified flag, and M15 executed with SL below flag.
Noted possible butterfly (harmonic) pattern to indicate bullish potential to the completion of pattern.
Market is in uptrend. Noted bullish flag and TL break. Renko indicates bullish market. Executed trade on TL break and M30 MACD crossover on candles.
TP1 at 1:1 reward/risk ratio. TP2 near previous resistance and near 2:1 ratio.
Market printed a harmonic (BAT) pattern on the Daily. Market broke daily TL and printed a bullish impulse followed by a flag retraced to 50-61.8% zone. The buy is executed when market broke TL of flag and H1 MACD crossed over.
Market printed bearish harmonic (BAT). IM Mastery Academy signaled to sell. I executed sell when market broke TL and M15 MACD crossed over indicating bearish momentum. Expecting this to be a short term sell to TP1 of harmonic pattern.
Market printed a bullish impulse breaking TL. H4 MACD crossed over indicating bullish momentum. Market began to pull back and H1 MACD pulled back to the baseline. Market printed two railroad candles at the bottom of the flag and broke TL of flag to execute trade. Targets are at previous high to
Note: market is outside London session. I will observe if a better...
Looking to stack this trade for the continuation. Market printed a Railroad candle at top of flag. H1 MACD displayed an NPN formation giving confidence to execute on TL break. M5 Renko MACD also formed an NPN formation. SL set above brick w/ wick and Target at TP2 (completion of harmonic pattern).
Market reached demand zone nearly completing a crab (harmonic) pattern. Market printed a bullish impulse followed by a bullish flag. The H4 MACD is bullish. I executed the trade on the TL break of the flag and H1 MACD crossover. SL set by nearest Renko brick w/ wick to reduce risk.
Note: the overall trend is bearish. I executed this trade for best position if the...
Market reached a demand zone and reacted with an bullish impulse. Market broke daily TL and surpassed previous LH confirming a change in structure. Market printed a bullish flag pattern. I executed upon TL break of flag and H4 MACD crossover. SL set by Renko brick w/ wick.
Market reached supply zone and printed a large wick on the daily time frame. The market seems to have created an "M" pattern. Executed the sell at the break of resistance creating a LL. If market continues with bearish momentum it may complete a BAT pattern. The M15 Renko did not print a brick w/ wick so I set SL above the wick of the candlestick.
Market is in a down trend, retraced to .50 to .618 zone and broke TL. Executed on M15 flag TL break and MACD crossover. M15 Renko printed a brick w/ wick for SL. TP targets at previous levels and TP3 at 127 extension of bearish impulse.
USDCHF in a down trend. Market printed a bearish impulse followed by a bearish flag. Executed the sell on TL break and H1 MACD break. The M15 Renko MACD also confirmed bearish momentum. SL set above Renko brick w/ wick.
Market is near demand zone. TP targets set at previous lower low and 127 extension.
Market printed a bullish impulse breaking the daily bearish trend line. The market pulled back to the .618. Executed trade on break of flag and H1 MACD crossover w/ SL below M5 Renko brick w/ wick to reduce risk.
Note: There is a Gartly on the Daily.