We are finally in profit aftter holding 2 days and being -30 pips plus in the negative
So im still holding a sell and im about -30 pips in the hole. Remember this pair moves a little faster than others. Major RSI Divergence Still Exists and Indicators highly suggest a reversal will happen soon! I sold after price touched Weekly Resistance and Dropped forming a Strong Bearish Pinbar on the weekly. Also sold on what appeared to be a trend line...
I see this breakout Then I sold in Profit Then the move up im considering a retest Now I see price moving down again. My Take Profit is around 350 pips. Im considering this trade on the weekly time frame and expect 14 days of holding. My Stop Loss is 66 Pips right above the area on the weekly where price was rejected 3 times in the past! I like holding for...
See Previous Analysis called broken resistance turned support. Price went down to the structure level and is now moving up! This is a PICTURE PERFECT Trend! Confirm The Buy with moving averages, indicators, Or However you confirm your buy Signal!
The Chart Is As Easy As I Think I could make it here! Aud/Usd broke Resistance and will now restest this area to confirm support. I would not enter a sell! I would wait for the buy! So the Idea is to wait until price moves down and touches Support and THEN WAIT FOR THE BUY! We will watch closely
Look at last analysis! This is from my mobile but You Can See That The Reversal Is Happening! This is powerful because its on the daily chart!
Eur/Nzd Looks to be in a downtrend on the daily chart. The pattern now is similar to Eur/Gbp and that is somewhat of a falling wedge pattern (See Hour 4) You Already Know how to trade this pattern. Wait for the breakout of the trade before going long! Sometimes after the breakout you will see a retest on earlier time frames! The Chart Is Self Explanatory as it...
This pattern is a textbook reversal pattern. On The 4 hour and daily you can see that price has been moving up and up and should eventually breakout of this pattern. If you go to the daily it looks the same. You Should Check the Weekly However and You Will SEE A GIANT BEARISH PINBAR CANDLE that is green, but CAN NOT be ignored. The Weekly Candles on this pair...
This is very clear and easy to see support area. Price Rejected This Area Over And Over Again! For Us , This means a great opportunity to buy! So we watch closely! You can confirm the buy on hour 4 with a moving average crossover to the upside, technical indicators, or however you decide that it is time to buy! You can also go to the hour 1 chart to look for your...
Seems Like The Best Place To Take 1st Profit is the yellow area! If you use a line chart , many rejections at this level! Sell has not been confirmed on hour 4 , With my system however I do see a confirmed sell on hour 1. Could be better to wait for more confirmation.
Should be around 1.60100! Chart Self Explanatory! Hour 4 Confirmed Sell WIth nearly every indicator!
Bought Aud Cad Earlier on the move up and exited on the retracement. This is looking like a Picture Perfect Inverse Head And Shoulders Pattern. The Plan is to wait until price approaches support and confirm the reversal. You Can Confirm the Reversal In Many Ways including a Moving Average Crossover, Candlestick Analysis, Indicators and more. So lets wait for...
Been waiting a long time for this moment! Confirmed Sell!
Eur/Usd still needs a breakout. In the past as you can see on the chart , a value area was created IN THE SAME PRICE AREA as we are now. In the past , price was moving up and created this value area and broke to the upside! Then You can See another Value Area highlighted on the chart where price was moving down and created a value area. Price Broke Down from this...
Eur/Usd has no clear direction as of right now but past experience and past knowledge tells us when price is moving up and then enters a area of value or consolidation , many times price will move up, however... this pattern is not leaning down or up! This is a rectange! Price could go either way! We trade the breakout of this area to the upside or downside with...
Price Rejected the area in red on the daily chart once! It looks like It will reject it again. Waiting for the rejection and will confirm on hour 4!
The first chart was kinda fast and I didnt have time to work on it better! I put a fib retracement on that move up. This is a better idea than the one before!
I expect a move up , and then down Very Basic and Simple!