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I took a sell trade over a month ago
This setup may seem crazy and unrealistic
but i truly believe take profit will be hit by the end of 2016
Reasons behind this many reasons which i will not go into but if anyone would like to no why
contact me i have no issues with explaining :)
8000 pips here we come
We are placing a pending sell order in at 133.300
1. waitng for a little pull back to get a better RISK REWARD
2. price has come to strong trend line which has held up well in the past
3. congestion in this zone and looks like price has found some bearish momentum
4. daily chart put in a doji
5. price has ...
1 price has come to my zone to sell
2 price made a higher high like i new it would in order for anymore bearish action
3.price has shown bearish movement near trend line
4 price has put in a bearish shooting star
5 3 bearish soldiers
6 price bounced of strong trend line acting as RES
7 price has been making ...
1.Price has hit strong RES and bounced off
2.A 3 bearish candle stick formation bouncing of RES
3.Therefore showing a change of momentum
4.Also after news on Friday price needs to correct before we see any more bullish movement
1.Price has been making lower lows and lower highs
2.Price has been extreamly bullish in october since its been fluctuation
3.now price met strong RES its dropped and has been bearish for the past 5 days
4.price broke through trendline and now resting it
also be careful of non farm news out on friday
After a slow week another setup
1.Break of long term trend line
2.Break of strong RES level.
3.Numerous tests to try break back through trend line to down side but previous RES acting as support now
4.Bullish engulfing taking out the past 20 hours of price action
1.we have a strong trend line acting as RES
2.we had a fake break out
3. price has dropeed after the retest of trendline
4.bearish engulfing on previous 4hr candle
5.daily candle is a bearish hammer
Reason behinf this setup ..
1.firstly a touch and bouce of strong trendline RES
2. if you go down to 4hour chart higher highs and lower highs where being made but price action violated that patern
3.daily candle is a strong bearish candle
Bassed of a 4 hour chart price has been making higher highs and lower highs but price came to daily leavel of RES
and was not able to make any more bullish movement and was unable to make a higher high and also unable to make a lower high
so therefore i believe the bullish momentum will now turn to downside ...
After break of trend line last week price came back to re-test the trend line which held up and now has pushed of it leaving a tweezer bottom candle formation in place which add too confluences.
Also weve been getting higher highs and lower highs which clearly show bullish trend and momentum
so for me i will be ...
My reason behind this setup is quiet simple and all down to price action
as you can see we have been trapped inside a rang for almsot 63 days and after 6 bullish days in a row it has met strong resistanceand after the daily candle close if it stays bearish i will enter short
(ONLY ON CLOSE OF DAILY CANDLE)
My reason behind this long setup, after a break of trendline support there has been weakness at previous support which has held price numeors times in the past
Therefore i believe price will return to broken trendline to retest before any bearish movement
This is a very aggresive way of trading please bare that ...