There is a 12K double bottom support level that can be my 1st Take Profit area. I have drawn an ascending trendline that when a Break-Hook_Go pattern on the 15m chart develops I will enter with a triple bottom retest as my TP. Price may continue bearish from there to the "e" point support level as my 2nd Take Profit.
The EFC is our Trend Reversal Indicator. Show Entry, Take Profit and Stop Loss If you want more information on this indicatopr leave a comment below. Visit our website for tons of FREE Trading Strategies and training. Tell us how you find and trade a trend reversal.
Pair is creating lower lows and lower highs in an A-B-C-D-E Pattern. Take Profit is still previous swing low.
Retest of swing low as Bearish move continues
BCHUSD 1H is falling to the 2nd Take Profit. Pullback then bearish continuation Macd will rise and then fall again to confirm bearish continuation.
Price moved in 3 long body 15m candles from 2460. to 2887. - needed to rest. Price far away from ma's, needed to center back toward 50 sma. Macd was far away from 0 level line indicating possible short pull back coming. I will switch to a 5m chart to watch for the right pull back. 5m pull backs can be powerful because they can retrace back a lot of price. I...
Best Range Trading Strategy is...? My preference is find the support/resistance levels and enter their breakouts with the break-hook-go strategy on the 15m chart. I also watch the Macd for direction, pullbacks, & momentum moves. What is your Range Trading Strategy - share with us in the comments below.
Here are examples of how I personally use the EFC Indicator signals. When not to trade - Price & Macd flat, Macd close to 0 level, middle price range When to trade - RSI divergence, Macd over-extended, price far from ma's
15M chart price has been stretched away from the 50 sma for awhile. Macd over extended ready to cross below Red signal line
Price is inside the inner Bollinger Band Dev. 1 bands. Possibly heading to 20 sma center line @ 2200.00. Then to lower BB Dev.1 band @ 1600.00 Be prepared if Market Markers search for more sellers and take price up first.
Price is at a confluence point where 50 sma and 50% fib have meet. Price is inbetween the 100 sma and 50 sma resting at the 100 sma Macd did cross above the 0 levelo line which indicates bul;lish bias If price does go long exit trade if macd crosses back below 0 level line If macd crosses below 0 level line and Red signal line bias is bearish. Take Profits are at...
On Day chart price rested on the Bollinger Band Deviation 1 band and closed with a day green candle. Now the new day candle is climbing. How far up do you see it going?
FOR MY FREEDOMS - FOR MY LIBERTIES I APPRECIATE THE OPPORTUNITY THAT TRADING AFFORDS ME
This is the EFC Reversal Strategy from our Trading Strategy Library. This is a special indicator programmed to be used exclusively for Trading View and many other platforms. Shows where to open and close trade. Where to place SL Leave a comment below if you want more information. Visit our website for a ton of free training material and strategies.
ETCUSD 1H Long Trade - WHY? Higher Highs Higher Lows Pullback pending on Macd & RSI Price at resistance zone making ascending triangle Let us know how you would trade this chart pattern
Take a short scenic route to some profits. Why a long trade? Higher lows developed. Price has been away from the 50 sma for awhile. Macd has crossed above the red signal line. Watch pullback back to between 38.2% and 61.8% fibs then long. Take Profit at the 50 sma. Confluence with 127.2% fib line. Tell us how you would trade this pair!
During the US Session between 11 am to 12:30 pm EST is the London Close time range to trade. London Session ends and pairs will have a small reversal as they close out many of their trades. The EURUSD is the best pair to trade this strategy. 10 pip scalp trade.
On related link post below Pair did break long and hit the Previous High Target Price Then price reversed back through the triangle and found support at a previous swing low. Pair broke out of the support level with a bearish continuation move to the previous major swing low hitting the last target profit level. Next update will be to see if the bearish move...