PoorMansForex

PoorMansForex

Bullish market appears to be consolidating now - Potential outcome as marked or we see the trend break and we look for signs of a reversal. Some good opportunities for some scalping trades within the ranging market

PoorMansForex

Bullish market on the EU - looking for entry at this marked area. Depending on candle formation on the low time frame.

PoorMansForex

We can see a double top formed here - Potential for a break below small support zone for a sell trade - or we create rejection from the zone to complete a triple top. Allowing us to move into scale opportunities within the first trade set up - patience

PoorMansForex

Overall the market is bearish - of late we have seen the bulls take control - Resistant has been tested multiple time without breaking. Currently awaiting rejection and other confluences for a sell trade here. Multiple trades within the set up

PoorMansForex

A clear break of the bullish channel. Looking to find a retest of the channels support level, which will line up with fib levels and EMA of BB - should this reach that point and reject accordingly.

PoorMansForex

I entered this position, aggressively! Looking to further reject the small area of support on multiple occasions, high wicks through for most of the open session. I will manage this trade at the small uptrend line.

PoorMansForex

A break of the previous support zone, looking for the retest rejection which will also be a rejection of key fib levels. SL behind fib 618 to protect us. If the candle closes above this area, no valid set up. Possible 1:5 RRR

PoorMansForex

Break of previous support, looking for it to come up and retest the area. High wick test, which will also see a BB break, then await a candle formation to take position. 1:3 RRR

PoorMansForex

My first trade is at TP (1:2 RRR) I will await to see if this breaks both resistance and small downtrend prior to another entry long. Should it reject the resistance and respect the downtrend, this may become a valid sell trade.

PoorMansForex

We had a nice area of exhaustion, I took a buy position (aggressive) on the wick through the BB, taking a profit of 6% (2% risk on a 1:3 RRR). Broke the resistance level, now awaiting a pull back, using the fib levels to 0.382 or 50%. I will await confirmation at these areas prior to any entry. This will also align with a bounce off the centre BB.

PoorMansForex

Looking to sell this position on the close of this 15 minute candle for a 1:3 RRR.

PoorMansForex

First trade hit TP here. Overall, looking at short positions. Awaiting a further push towards the top of the bullish flag pattern which will then provide rejection from previous resistance, Bollinger band break and over bought on the Stoch RSI. 2nd trade would then become active. Await the break of the flag, retest and 3rd entry applicable.

PoorMansForex

Currently in a bearish market, looking for a rejection of support zone, past few hours we have seen multiple wick rejections. Oversold on the RSI Stochastic. Prior to entry, I will use the 30 minute TF with clear indication of Bollinger break. Ultimately - I am looking to sell this pair should it reach key fib levels. Cautions to trade against the trend, but it...

PoorMansForex

Previously expanding into a sideways market channel. This has no broken resistance and is currently retesting the area. I'm looking for signs of bullish momentum before entry.

PoorMansForex

Bearish wedge formed - See what price does at this are - potential reversal back to support, or it breaks the wedge/trend and we look at signs of rejection and a bullish push.

PoorMansForex

Impulse push down broke the trend, now it’s consolidating into a bearish flag (continuation structure) back up for the retest. Also hitting key level on fib and previous support zone.

PoorMansForex

Here we have a break of the small trend - Looking for a pullback to broken trend and fib levels.

PoorMansForex

The earlier analysis was been worth while today. Although my bias was in-fact to trade the pull back, then look for longs. But using strategy, you must always be aware of all options. This allowed me to enter a 2nd position. Both hitting TP.