About meI trade using price action confirmation at S/R and like clean charts.
Have been trading forex for three years now and hope to get better by sharing and learning trade ideas and posting my trade journal to go through my school of thought.
USD/SGD breaks uptrend. It tested resistance at 1.3882 and cannot close above.
I am short on the break of previous weekly bar 1.3610. Stop loss at high of previous weekly bar 1.3803.
Target will be 1.3228 where support is available.
This will be a trade upwards if trade is triggered off monthly pin bar.
I like the size of the bar engulfing previous bars and the lack of traffic upwards if we do break.
This will be a very long term term for it is based off Monthly chart.
AUD in selling pressure.
Possible to see break of daily bearish engulfing and see price test 0.8840 where next support level is.
Will be entering on break of the daily bar with stop loss at big round number 0.90, hoping to continue with the trend on this one.
Pinbar presents a buying opportunity to get in on the uptrend.
There is confluence of 365 EMA and trend line support for this pin.
Take profit level 0.87065 and Stop Loss at 0.8530. Looking for break of pin bar with buffer of 15pips.
Price has been making lower highs and lower lows, downtrend in motion.
To look for bearish PA in the area of 0.9150 if price does retrace.
0.9150 will be an area of confluence with 365 EMA and downward trend line.
Stoploss will 10 pips above Major Daily Resistance level @ 0.9184.
Take Profit level will be at big ...
Daily Resistance in RED @ 1.4144. To short if I see bearish PA to resume downward trend.
Stop loss at Weekly Resistance @ 1.4288
Take Profit level at Weekly Support where price has bounced off @ 1.3829.
Looking at a possible break of support from Feb 14 on the daily.
Current monthly shows a bearish engulfing so will wait for pattern to complete.
Possible short entry on break of small bearish pin bar. First take profit area will be 1.8030.
Shorting the daily pin bar on break of support. First two targets indicated.
I trade only using Support and Resistance and Trendlines coupled with candlestick price action.
1st time sharing a chart. Do let me know if you have any comments.