Backtesting a pattern I don't know what it might really be called but I'm sure its a pattern somewhere out there. looking to see what price does in these moments. Blend of impulses followed by trend continuation. always Impulsive reversals in the middle of the hat. Some are sharp moves with further long term continuation. In this example its more slow...
playing with pivot points for better understanding of them. Update on this one in a few weeks
if this pitchfork is correct for this pair we should see a nice downside move. if it breaks to the upside and doesn't wick consider it invalid.
If it moves up here are some 20 pip targets. bounced off the 61.8 fib on one hour. since last low
boxes are the same size in both areas catching a total of 980ish pips in each move. Will there be a similar idea?
Just for study. I honestly use this as a diary and don't recommend this idea.
looking at the over all structure of everything the impulse move down before and then a down word channel similar impulse up on the last move with a upward channel both followed with a corrective impulse and a trend continuation on the one.
caught one down and one up so far. buy low and sell high. look for breakouts for trade entries back in the zone.
trade at your own risk. These ideas are for study only. once this entire structure breaks look for short opportunities.
looking for a bit of a correction at this whole number look for a buy off the trendline bounce.
looking at the structure of this one I'm in a sell but It could be a bit early to add on positions you can see the structure with the waves down and up like 3 connected head and shoulders patterns some might say.
basic trend line break on a downtrend. Fib is at 50.0
wave theory ideas. Low time frame could be a lot different then my markup
low lines are price pivots from prior sing low and last low. looking to test market maker moves tomorrow with whats said in the discription.