Plan: Range trading in play. Possibility of N-wave formation in the making.
Plan: Watch for price action to get entry point. N-wave formation is in the making.
Plan: Unclear situation. Daily Kijun provides strong resistance. Let the situation clarify itself after tmr's speech by BOE governor.
Plan: My bias is bearish. Even if a bullish kumo breakuot does occur, the chikou span will have a tough time piercing through the thick cloud, leading to consolidation. Let price action tell us what it wants to do.
Plan: Either wait for daily candle to close below mother candle or wait for bearish kumo breakout. Watch out for price action to seek further confirmation.
Watch out for price action within the next few days around the trend line.
Additional confluence is created by KHSC and HKB. Tweezer top and a C-clamp are observed on the daily TF. Entry point occurs either at 1) the break of the box or 2) FFB. If option 1 selected, pips risked may be set at 100 pips. If option 2 is chosen, SL is set a few pips above the FFB candlestick. Alternatively, entry price may be adjusted higher and set within...
Strong support is found at senkou span B of the 4h TF. Future sentiment is bullish.
Strong support corresponds with the senkou span B and kijun. Future sentiment is bullish.
Since weekend is approaching, our analysis uses daily TF as the primary chart and the 4H TF as the secondary chart. This helps to minimize the possibility of weekend gap-up/gap-down. Price has reached a strong support on the 4H and daily TF. On the daily TF, price is very far away from the kijun. Kijun serves as a magnet and will pull the price towards itself....
Weekly TF shows a C clamp. Daily TF shows 3 signals and this implies imbalance. If the kumo twist does take place, we will have 4 signals and a further confirmation of downward bias. Use Heiken Ashi to trail SL. TP equals weekly Kijun sen. It is important to realise that we can't predict how much profit we will make but we can control our risk. Current SL is set...
In this analysis, a different technique is used in the short trade. The candlesticks chosen are the Heiken Ashi candlesticks. A pending sell stop order is placed a few pips below the bottom of the bearish doji on the 1H TF, as highlighted by the blue rectangle. On the 4H TF, price has reached the kijun sen and it is acting as a resistance. Based on the advanced...
The best entry point would be on 22 Sept after the formation of the bearish engulfing candle. Since then, price has been in a consolidation phase which could be a prelude to a violent move. Nevertheless, it is still not too late to enter a short trade now because price is near to the top of the channel and this gives us a good risk to reward ratio. On the daily...
Primary chart = 4H Secondary chart = 1H Both charts show bearish future kumo. Kumo breakouts on both charts. Price has been basing below the Senkou span B of 1H chart for 5-6 candles and is awaiting a breakout. This indicates an opportune time to enter as the price just broke below the drawn trendline of 1H chart, which provides further confirmation. TP1 also...