. Trend Analysis: Time Frame: Choosen a specific time frame that aligns with my trading strategy. For example, let's consider a 4-hour chart. Moving Averages: Observe the Exponential Moving Averages. A potential shorting signal might emerge if the 50-day crosses below the 200-day, indicating a potential trend reversal. 2. Support and Resistance: Identify Key...
Stop loss0.87966 / Entry 0.87718 / Take Profit 0.85922
Trade Taken off the 12hr chart EURJPY Market sentiment Candle stick Pattern Price Action Entry Risk Exit 5 Lots S/L 147.01 Entry 146.194 Take Profit 144.70
FX:GBPUSD Trade Taken off the 12hr chart GBPUSD Market sentiment Candle stick Pattern Price Action Entry Risk Exit 5 Lots S/L 1.15408 Entry 1.14741 Take Profit 1.12317
Price At A Key Level Complimented By The 1HR & 12HR
* Market Condition * Market Phase * Support and Resistance * Candlestick * Price Action Patterns * Multi Timeframe Analysis EURJPY TRADE CHOSEN Observe the price action and label the structure, candlestick, support, and resistance, etc. Screenshot the chart and put RISK.REWARD RATIO
Moving Averages Exponential confirmed , Candle-stick patterns in place , Volume is pushing price to the right level of a Bull-momentum of the last swing -high .
Strong Confluences were the the Demand Levels , The volume profile , the exponential moving averages and more importantly , price action on the higher -timeframes .
Bull |Long GBPCHF Strong Momentum on the Exponential Moving Averages , candle -stick pattern recognition , risk-reward on point . Price volume was used to visualise the High Buying & Selling interest at specific price levels . With GBP fundamentals due out tomorrow on the 20th April 2021 , will be interesting to see how strong price would be .
NICE CANDLESTICK STICK CONFIRMATION WITH A 3R MIN EXIT TESTING PREVIOUS RESISTANCE
GREAT RISK REWARD TRADE , 4HR TIME FRAME CONFIRMED WITH TOP DOWN ANALYSIS , PRICE CONFIRMED BY CONFLUENCE FACTORS .
MARKET STRUCTURE in place , indecision bar close off a key resistance area , confirms reversal with a good Risk Reward Ratio.
MARKET STRUCTURE in place , indecision bar close off a key resistance area , confirms reversal with a good Risk Reward Ratio.
Market structure in place with a nice Engulfing Bar off a key resistance area , Fridays close confirms the Bearish price action into a new week. Multiple Confluence levels confirms this as well , Price Action , Candlestick pattern , Swing High and Ema + Volume Profile. Great Risk2 Reward Ratio as well.
Multiple rejections of key resistance on the 8hr /4hr and corresponds with the daily trend.
Piercing Pattern Break-Out and Price -Above Dynamic Support .Resistance With A Great Risk.Reward Ratio