From New York Close Candle Chart, this set up is a 4H Flag Pattern. 2 Profit Target for this trade. If it goes up, I expect it to break the Resistance. But my expectation means nothing to the market. Lets see.
Using Daily Level as my boundaries. Already went short on this pair.
Pending Long order set base on trading rules. Not saying this pair will definitely yield such a great profit. Just showing its potential based on Daily Structure.
1. Price breaks above Resistance 2. Pullbacks towards 4H Structure + 50EMA (abit of distance though) 3. Entry Trigger Spotted Set Pending Order.
1. Price Retesting a Daily Structure (Flipzone) 2. Lower Timeframe breaks Head and Shoulder Neckline 3. Pending Order on Retest of Neckline
Short Order set for this pair based on the Price Action
Took this trade earlier in the day. 1. Following the Trend from the Daily timeframe Support level. 2. Good Buy Pin from 4H at the Support. 3. At the point of my entry, 1H is also printing HH and HL
Shorted this pair based on my strategy. this pair can be quite tricky at this area. for New York close candle chart, it has broke down from a Daily Support level and there is still some room before we hit the next support level at around 1.577 area. But apparently from this chart that I am using in Tradingview, this pair seem to still be at the Daily Support...
This is a trade that I have missed. I have been eyeing this pair for a Long trade but did not see the trigger due to work. GBPNZD, 1. broke the previous Daily Resistance level and retraced back 2. Pullback confluence of Previous structure + 50EMA 3. Entry Trigger at my pullback zone. If I have seen it, I will definitely enter Long. so lets see how this goes.
Already set my pending order to enter this trade. Weak Pullback towards a Confluence area + my trigger entry. I like the chances. Not entirely a good RR trade base on the next level of structure though.
Went Short on GBPNZD 1. Price is downtrend 2. Rejected by Daily Resistance 3. Confluence of MA 4. Simple pullback 5. Aggressive Entry based on 1H timeframe Going to start posting real trade I took instead of ideas from now on. Using tradingview as a journal-ling platform for now. :D
Simple Breakout and Pullback Trade from 1H timeframe. I am more aggressive this time, considering how weak the pullback is after the break of the Daily Support. Otherwise, I should generally stick to 4H timeframe entry. Lets see how it goes.
Can the momentum continue downward towards the Daily Support? No Trigger, No Entry!
1. Weekly Resistance 2. Broken 4H Support, now Retesting 3. Bearish Momentum Candles Emergence, Weaker Bullish Pullback Trigger or no Trigger? Enter now or After it breaks Trendline?
1. Retest of Flipzone 2. Trend is Down What is your trigger?
GBPAUD broke a significant support level on Daily timeframe Waiting for a Retest of the Flipzone with a Entry Trigger or any continuation pattern trigger
End of the Correction and resume its upward trend? No Trigger, No Trade.
a Trigger at the Flipzone is required. Otherwise, wait for a breakdown Price could still rocket through the roof. Patience is key!