final signal of the week, trade has been taken, not overly joyed by the Lower low lower closed that has formed, but all the rules have beem met
trend line has been broken on daily
150 emas have held
pulled back to our sell zone.
both targets are at lows giving 1:1 and 1:3, if we continue to the downside
Our secret emas have previously crossed, see red cross, giving us a quick 1:1 winner previously, did'nt manage targets 2
We have now tested previous support and resistance levels as highlighted by our arrows and white line
A bearish flag has formed
Our entry criteria has been met
Upper bollinger band pierce which happens to be the second time with a 3 bar...
RISK 1:13 REWARD!!!
What is my entry criteria for a NZDCHF LONG?
Met my rules to confirm a Bullish Trend. This is my final chance entry to get long on this pair, with a high Reward to Risk this may not play out but overall it is a profitable strategy that I will continue to implement.
RSI We are not quite oversold on the daily as we are...
Since I am currently in a long trade for a final push up I will not be getting involved but we have a nice double bottom on the 4H and 1H, now at a Risk reward of 3.56
Good luck, if correct im expecting price to test the previous 4h highs and then start to see a reversal in the trend and become bearish.
Daily shows bearish divergence and an asceding channel,...
What is my entry criteria for a AUDUSD LONG?
We have broken previous structure indicating a possible reversal in the bearish trend
We have already completed a three point move that broke the previous bearish structure.
This is my final entry for going long on this pair hence the tight stop as it is possible we could be in a complex pull back and...
watching the market on this one for an entry reason
bearish rotation has been broken, bullish move has started
head and shoulders completed
waiting for a pull back that will also occur near a trendline
1st entry in yellow zone and will be a pull back leg to extend higher
second chance will be around blue zone.
Will upate if we have an entry reason and the market...
What is my entry criteria for a GBPJPY SHORT SELL STOP?
Gartley has just completed, I havent entered aggresively yet.
I have a sell stop order in place
As always good luck in the markets,
Looking further left we are a solid area of structure
Entry is a buy stop
Bullish flag pattern setting up on 15
RR is 2.27
Targets 1 and 2 as outlined buy price
SL also outlined
Why am I looking to trade NZDCHF LONG?
We have an extreme peirce candle outside of the Bollinger band.
Looking left on the daily chart we are in a solid area of support and resistance (blue and red boxes) price has respected these areas before.
Some traders may consider the Bollinger break candle on the 60 min chart as a valid double bottom reversal