K_W

K_W

This strategy doesn't depend really on market direction. It's mainly orderblock, S&R and fair value gap. ACRONYMS USED HERE ARE; BMS-Break in Market Structure. ORB- Order Block. FVG- Fair Value Gap. Let me walk you through my thought process; First Identify your order block Find your resistance Find your fvg Now you can decide to do two things depending on...

K_W

Hello everyone, quick on this USDJPY chart. my reasons for selling are: -Broke trendline -Retesting STR -Oversold on the daily stoch -crossed the 8MA You can throw in a follow in you recon with this idea

K_W

Hello everyone, sorry I haven't posted in a while. I've been too lazy in publishing but have been taking trades on the low. Now to today's business. We have a possible retest of the broken trendline and support. Therefore if I see a bearish reversal at the STR(supportturnedreversal) it's a good sell. Another confluence is that the price broke support and trendline...

K_W Updated 

Nowadays I don't make trading complex anymore and it has shown results. Now to the trade of today. My main confluences for this trade are: (1) Ascending Triangle- as I have found of from my experiences, it's not all the time that an ascending triangle breaks upwards. This time it broke downwards signifying a downward run. (2) Break of the TL 1- basically in...

K_W Updated 

Price is generally moving in the uptrend means we should be looking buying opportunities on the H1 frame. Then price formed a upward triangle till it broke the resistance turned support (RTS) . Now price is back to retest the RTS. Now my major confluences for considering this trade are; (1) Generally a buy signal is generated when price hits a trend line thrice...

K_W Updated 

Eur can be seen making lower and lower lows as it failed to clear the previous high. The fibonacci from the previous higher low to the lower low retests at the 0.5 level which is a strong continuation or reversal level, in this case a continuation. The SL is just set near the recent lower low and the TP just about the same percentage as the max height of the...

K_W Updated 

Hello everyone, this is my first post here. I'm waiting for a possible retest on R1. I anticipate a reverse at R1 because price broke out from a support trendline, a rising wedge and it broke a major support. I’m waiting for a clean entry, if it doesn’t retest and has a bearish engulfer or a bearish reversal pattern I'll ignore. Thanks for reading 🐻🐂 FX:USDCAD