Reasons : Trendline break In an area of daily support/resistance Order placement in line with retest of outer trendline Potential HS pattern (Order placement in line with second shoulders completion)
Orders set Reasons : Strong daily resistance Bat completion ABCD completion 200 EMA (15 minute) Targets at retest of low
Looking for price to retrace to entry Reasons for aggressive entry at point: Completion of HS pattern Retest of outer trendline 0.5 fib present Really good level of structure resistance present Pair is in a downtrend so shooting for a retest of low created at 0.686 level.
Price has formed a lower low on the 1hrly. As a result, looking to aggressively enter short Reasons : Lower low formed, we could visit the green line below which is good support on a higher TF Well tested support should now become good resistance Fibs TL awaiting confirmation
Price has formed a higher high a off a HS pattern and is now reaching an area where I am looking to enter Reasons : Gartley completion 886 fib Strong support Lower trendline support I will not be entering this until I see positive price action at this point and a strong break through the 1hrly trendline in the updates.Will keep you posted. If you are...
Please note : I am self-taught and the information below is just my understanding/thoughts on the topic. I am open to debate in the comments if I have either misjudged something or have missed something altogether. Pinbars I wanted to publish something abit more educational regarding reading of candlesticks.The ‘pinbar’ is a crowd favourite and you don’t have to...
Looking to get involved in a bullish move back up to previous the previous highs. Orders set at blue zone where there is a nice SR zone. Can get involved right now but will await a better RR to get involved as a double top has formed on this 15 min chart and I believe a move lower to near the entry point is imminent. Now to remain patient and see whether or not...
Long 4 hr TF analysis - Continuation with a 15 min TF entry (HS pattern) Targets previous structure high on 4 hr
BTC is forming a HS pattern at the moment and I expect to see a relief down from current to our previously formed high (green zone). Price has broken through 2 structure levels (blue) & this should signal a retest of the decision point is coming up soon. (NOTE : I said 'should' not 'will'). The green zone contains the 0.5 fib + standard point to take targets on...
Short - Not yet in, need to get triggered in otherwise will adjust entry depending on how PA progresses
Long Will change entry point if price moves up and forms a HS pat
Pair has broken out of consolidation and is nearing point where I will look for longs. We have : Outside of broken bearish trendline to retest Lower trendline of bullish channel currently in play 0.5 retracement Good amount of support from upper side of consolidation just broken Convergence of EMAs - While I dont pay too much attention to these when market is in...