as we are late into the break there's still profit to be made in this trend (even if it is a short and snappy one) on a lower timeframe we can wait for the right price and grab a buy at the price stated on my chart and look for a long position! comment below, what you think?
after a long time of overthinking things about trading patterns, reading the news of world, using multiple patterns in different times of the chart etc...i have literally just looked at the charts as simple as i could...in all honesty a simple trendline, support and resistance with common sense is all you really need...sure as we all know investments are a...
hi traders! based on previous daily candle, i'm looking for a potential retracement from a 1h downtrend. targets are located however not pitch perfect due to market conditions but these are the targets i'm looking for! what do you think? comment below!
hi everyone! it seems as the breakthrough became stubborn at an earlier date, however a week has gone by and it seems after a period of a downtrend we have came to a double bottom which can indicate a reversal. I suppose now after a retracement coming back to the %50 fib area can we look further ahead? let me know your thoughts.
hi everyone! consolidation has appeared on the downtrend. could we be perhaps looking for a retracement to fill the gaps? i have done a scenario looking on the possibility. what do you think?
hi everyone, as we have reached a huge area of support from the broken 1h trend i can see this as perhaps of a big reversal from such a big movement in a SHORT period of time. retracement look like a possibility from here.
hi traders! this is my idea of what could expect to happen during the breakout of a 4hr + 1hr strong resistance level and now however heading towards the daily resistance trendline which seems to be a thorn bush in the path! the reaction from this could potentially see a reversal to come back in to the zone and bounce back off the support of the trendline to...
hi everyone, due to news we saw a strong move pushing through the barrier of a strong resistance area. due to this now reaching 4hr + 1hr resistance area, we can look for a counter rejection and take a small short trade as it has clean candles to the left.
hi everyone, this is my idea of to go short as we have recently retested the downtrend support and recovered back from the news release, however we have managed to come back up into the 4hr zone of s/r and found 2 rejections and not make a close above the 4hr resistance. therefore I shall wait for a confirmation to take a sell after the entry point I have marked...
good morning and evening traders around the world! we have recently broken through a very strong key level one resistance now turned support! we are now currently retesting the key level looking now to bounce off and continue uptrend! target levels set with stop loss accordingly! happy trading and let's reach our targets!
good evening/morning traders. A key level has been broken and with the descending triangle as a guide I have done a measurement of the possible top to bottom ratio with S/R levels and using a path guide to show everyone how we could potentially see this play out. I have set out targets and SL will be placed accordingly, with the significant strength of the GBP...
hi everyone and welcome to my thoughts. this is my idea and the reason behind my actions on why I am currently seeing a bullish signal. I have drawn and explained everything in detail so please look and pay close attention. as you can see we have recently broke out of a daily channel and reaching a retest on a very strong daily support level. I believe we can...
hi everyone! EURGBP is currently involved in an upward trend channel (daily chart) i labelled the trendline channel s/r aswell as the daily s/r top to bottom aka floor + ceiling! I looked deeper inside the daily channel and spotted an upward 4h channel climbing to the top of the daily trendline s/r! i have marked a zonal area for sells and put my target zones...
this is my idea! it is self explained! any comments and suggestions are appreciated! learning everyday is a blessing in this market! let's go!
ok first of all this is a re-drawn chart from earlier today! instead of a phone (terrible) i used my PC! and look! so, here goes! my chart is self explained I personally go by my own Analysis and judgement on what I see! first of all the purple lines drawn are S/R on the daily chart! giving me a nice uptrend. second I then use my daily chart for the floor and...
Just a quick explanation on my idea about eurgbp, I would go into more detail but at work sorry
very late when preparing so i'll keep it short, but i'm sure you can see what's happening?
ok, hi traders! we're coming to a 4H support level on our 4H chart, however on the daily it's currently bearish and making it's way down towards that crucial daily support area/touching the trendline. as you can see on my chart, i'm looking for that breakout + retest confirmation before any sells! the target I am looking to reach is a very strong 4H/DAILY zone...