jhell1717

jhell1717

EURUSD has made a new lower low on the 30m/1hr chart. It has now retraced back upto the broken support level. This level is also the 0.5-0.618 fib retracement zone. Provided we can see 30m/1hr bearish candles forming around this zone, and we see candles breaking the lows of the previous candles on the 15m/30m I will be taking sells with a target of the new low.

jhell1717

Entry using Buy Stop on 30m chart for GBPUSD. Break of the previous candle high after the 1hr formed support provided confirmation to enter. Notice the black line indicates an area on the 15m chart that may act as trouble.

jhell1717

GBPJPY Buy and Sell options. Wait for this to setup with the confirming support of resistance forming.

jhell1717

Currently price is ranging, however if price breaks out in either direction to form a new high or low, then I will look for a retracement and wait for a support or resistance to form to target the new high or low. Due to previous downwards movements, downside continuation would be favoured as it would be continuation of the trade. Be sure to like and follow.

jhell1717

If price can form bearish on the 30m/1hr, establishing resistance then we can possible move down to retest the new low that has formed. All higher timeframes are in bearish structure and the 30m/1hr chart is forming a series of lower highs and lower lows. In order to take an entry strong resistance must be shown in the form of at least a strong bearish 30m candle...

jhell1717

This is a setup I take over and over. EURJPY has been forming a series of lower highs and lower lows. Price has now created a new lower low, therefore if price can form a resistance, preferably at the broken level of support, then we can take a trade to retest the new low. This occurs over and over again in the market, and provided we see a strong bearish close on...