At TP1 close 50% of your trade and move your SL to the entry point
Price has so far respected my Bitcoin analysis to within a few cents. So long as we remain in this current bullish momentum, price should respect the designated retracement and expansion arrows. The retracement level coincides with the daily wave's 38.2 fibonacci level, whereas the expansion target lines up perfectly with the daily wave's 61.8 golden ratio. These...
Wait for a break and close of the resistance line of the triangle before entering the market. Close 50% of the trade at TP1 and move stop to the entry point.
Wait for break and close of the resistance line of the triangle before taking a position. When we hit TP1 move your SL to the entry point.
Wait for break of resistance line before taking a position. When we reach TP1 close 50% of your trade and move SL to entry point.
We have now retraced back to the broken neckline of the inverse head and shoulders that has formed near the daily support trend line. Enter on a strong bullish candle closing at the 1H timeframe.
Here is a quick peek into how I break down my charts and look for high quality trade setups every day.
If we break this falling wedge we can expect a resumption of USD strength. On the other hand if we break below the highlighted Daily support area, we can expect a deeper correction for the DXY.
Wait for break and close beyond the neckline.
We have a break of the neckline on the H1 Inverse Head and Shoulders. Targeting the weekly trendline as TP1
Wait for break and close above pale blue resistance channel before taking a position.
Is Gold ready for a corrective Bullish wave? Harmonics lead the way :)
On D1 we have Support line that is now Resistance line. On H4/H1 we have a wedge. Wait for break and close of wedge before entering the market Targets: 1) H4 level. 2) Daily level. 3) Monthly support level.
Wait for break and close of neckline
Wait for break and close of neckline.
We have broken support line of symmetrical triangle.
Wait for break and close above resistance line.