About meWhen looking at my charts, make sure you read the description. I usually lay down criteria that need to be met before executing the trade and that's crucial. I usually trade short term, by that I mean 30 mins - 12 hours.
Going short here until 1.129 support.
Price bounced @ 1.1354 resistance with two bear candles. Trend should follow for the time being.
Careful @ 1.129 support intersection. Big chance for correction there or complete reversal.
I've entered short @ 1.13431
1.268 resistance is standing strong but I think it will be retested again.
My potential entry is where hagopian line (pink) and 1.263 support line intersect (green circle). Price must get there first.
RSI must be oversold with Stoch preparing to go up.
Follow up of my previous chart. Things look a bit clearer on 5 min chart.
As I've said, price bounced @ main channel resistance line and pierced hagopian line (pink).
I'm waiting for the correction and a slight bounce, ideally @ 0.8745
Potential entry point in the green circle.
Stoch must be preparing to go down.
***again my downward channel...
Uptrend is collapsing and may soon turn into a downtrend. Price bounced @ primary downtrend resistance line and pierced hagopian line (pink). Wait for the correction, ideally to 0.8745 with a slight downward bounce, and go short. Stoch must be preparing to go down, preferably on both 1m and 5m charts. My potential entry point in the green circle.
This channel seems solid. If the price hits the resistance line, wait for the slight bounce and go short. Ideal entry would be in the green circle.
However, this is valid only after the GDP release (orange vertical). Don't initiate any trade before that.
*Price doesn't have to move exactly according to my arrows.
What's important is to hit the resistance line...
Higher risk since we're in a downtrend, but could be worth.
Support line 0.879 cracked but the price quickly turned back. Lets say the price continues up and breaks the channel resistance (blue circle) corrects back to support line 0.879 and bounces back up again. That can be a great spot to go long (green circle).
It doesn't have to play out exactly according...
Price can basically go into any direction now, but just in case it suddenly drops to the green circle, there is a very high chance for direct reversal there. RSI will be oversold at the major support lvl, backed by channel support. Not a bad idea to watch out for potential opportunity.
In case it happens and you enter long there, follow your trade at least until...
1st channel support cracked into a secondary channel. Support line 1.28384 is also cracking and I'm looking to go short where the support-turned-resistance 1.28384 and channel resistance intersect (green circle).
Price must get there first though. Wait for the RSI and slight bounce.
A good spot for intraday long. Bounced @1.2843 support and is reversing to hit 1.28648
If it pierces it, it will continue up to the first channel resistance line. If it pierces the first channel resistance line it may go up to the secondary channel resistance line.
If it bounces @1.28648, run for the hills.
Make sure you follow it through in case a bad scenario happens.
Followup of my last chart.
As expected, price did break the upper trendline and now it's cracking the 1.1055 resistance. In best case scenario this resistance line will become a new support, and that will be a perfect entry for climbing.
If the price bounces down, it might go back to 1.1035 support and bounce back up again, which can also be an upward signal.