dromo_ocq

dromo_ocq

1. Price is trading below the 50 EMA on D1 2. Price is forming lower highs and lower lows 3. Price pulled back and retested the 50 EMA on the H4 4. Price is testing a downward trendline 5. Price is testing a recent support 5 confluences that affected my Bias on this trade. Hence im SELLING GBPCAD FOLLOW ME FOR MORE TRADE SIGNALS

dromo_ocq Updated 

This pair was short because of the following reasons; 1. Overall trend on the daily chart is a downward trend 2. A break and retest of a H1 support now turned resistance 3. A Double top formation at retest of resistance

dromo_ocq

Higher high and higher low formation on the four hour timeframe

dromo_ocq

Market couldnt break previous low on the H4 confirming the uptrend still intact

dromo_ocq

1)GBPNZD has broken the previous high on the 4H TF hence currently in an uptrend. 2) It has also formed a higher low confirming the long 3) There is also a retest of a trendline drawn in the H4 TF FOLLOW ME AND GET UPDATED EVERYDAY ON SETUPS LIKE THESE

dromo_ocq

TEST OF LOWER CONSOLIDATION ZONE

dromo_ocq

Entry was taken on the 5min TF. Price failed to break the previous high on the 5 min hence the down trend is still intact .

dromo_ocq Updated 

Test of strong resistance zone. SL above zone

dromo_ocq

Another entry with 30 pip stop.

dromo_ocq

This trade is based on formation of double top in lower timeframe... 50 pip stop KINDLY FOLLOW ME FOR MORE IDEAS

dromo_ocq

Triangle pattern formation on 30m tf

dromo_ocq

Retest of trendline. Follow me

dromo_ocq

retest of upper triangle. test of lower trendline of channel. third touch on channel

dromo_ocq

retest of H1 trendline

dromo_ocq

Trendline break

dromo_ocq

test of trendline

dromo_ocq

Break of trendline

dromo_ocq

Test of Daily trendline. Fake breakout of daily trendline, formation of higher highs and higher lows