Also found this, which is looking healthy so far. Using the resistance to signal a buy
Hi, struggled to find any entries today on the hourly timeframe, had some setups in place although the price never broke to those levels and a lot of the time went the opposite way. Decided to see if there were any entries on 15 mins tf just to get some profit for the day. Only a small trade but looks quite promising. Bouncing off the resisting bottom
After failing a previous level of resistance, I decided on a short. I've been succesful *on this pair recently with large rr's so would be nice for another TP due to it being nearly 1:6 rr.
Jumping on a short due to a h&s pattern forming. So far so good, the price is dropping.
Seeing the green candle top where it had previously topped, and then followed by a closed red candle signalled the downfall of the price- hence the jump in the trade.
Jumped on this due to the price hitting a resistance point, although I may have to bring down my TP slightly due to it not briefly breaching this level and reversed as soon as it touched the resistance.
Hoping to see a bounce after a large drop, due to this happening previously. Currently the price hasn't followed the same price surge we saw previously, although I'm still hopeful.
In and out hopefully , failed to break resistance, jumping on momentum.
Like most of my trades, following where the resistance levels are at and seeing if the price breaks or follows its trend history, in this case it looks to be following history as recent red candles have confirmed.
It looks to be bouncing from previous resistance levels, trade going well so far - I may have to reassess my TP though as I'm not too sure where it may go.
Following recent patterns, and recent hourly green candle, it looks as though the price will bounce after hitting a resistance point.
Currently struggling to break past 0.75600, which it struggled on the last attempt as well. Last attempt saw a drop 0.74800 area. I could also see it continuing 0.75600 before dropping.
After a short break from trading, my first trade back in, little analysis in this, Although not too bothered as I'm not placing the trade, just laying analysis.
Very simple chart structure on the daily for USDCHF, looking to follow on the uptrend, however it seems almost too good to be true!
Shorting due to the recent double top, already begun making downward trend, just jumping on it.
NZDCAD on a buy following previous market chart patterns, two different patterns are signalling a buy. Tend not to trade on a monday, however this is looking more promising.
Hopefully catching the end of the day drop after reaching a previous resistance point.
Catching a double bottom trade, the movement has already begun, so just hopping onto the momentum.