Short when the retest fails to enter the ranging zone
wait for the breakout, then a failed retest on the 15 min candle and then enter
Wait for the breakout to the retest zone filling out the imbalance
Breakout happened, now going to retest., If retest fails on 15 min candle, short to where there's imbalance
A COLD CASE OF ANALYSIS PARALYSIS NEED TO WAIT FOR PRICE TO TELL US WHAT TO DO 1. Head and shoulders formed to depict reversal in trend. We are now in a downtrend as 2LH and 2 LLs have been formed 2. The question is - - is it safe to short now and fill up the last area of imbalance ? OR - is it better to wait until price hits the D leg of potential bearish...
H&S neckline broke out. Now the retest is complete. Go long
Reversal pattern - Head and shoulders was successful, Price broke out of the neckline to the 38.2% fib Price retested the neckline and shot up to the 61.8% fib which is also previous resistance. The RSI is overbought so its probably time for a correction Two ways it can now move. - 1 - A breakout to the next resistance at 100% fib - I will wait for this...
Breakout trading - Enter at the retest Double bottom and double top S and R Broken trendiness/Broken structure
I am a bull by nature. I open shorts 10% of the time. However, if my charting says “short”, it means I am waiting for the market to go down so I can go long at discounts. Here is a simple pennant. There’s some consolidation going on which will result in a drop to $3000-$3100 retesting the previous support. No need to get too complicated with charts at this...
Haven't traded forex in a while so looking to get back in Head and shoulders Support and resistance I am buying to the next resistance line in black which coincides with the head and shoulder neckline. If neckline is broken, I will reenter another buy to the next resistance line in blue
Waiting for price action to hit my buy Zone, after breaking the trendline and failing to rally back beyond it.i.e failed pullback See graph for Entry, SL, TP levels
Waiting for price action to hit my buy zone as its too late to enter a short on this trade. price failed to rally back beyond the uptrend line during the pullback. Looking for a buy into the yellow sell zone see graph for Entry SL and TP levels