- d1 trendline resistance -d1 line chart resistance h1 f6 h1 small bear flag h1 macd divergence
My bias is for short. There is a confluence of - d1 line chart; day tf suggests a distribution pattern in place. ( red lines) -d1 fib5 - h4 channel top - h1 channel top with macd divergence What I really wish to see is for price to be kept pushing higher till Tues or Wed when price exhaustion can be suggested and short will be possible. Hence my plan is not to...
Looking at Dow Jones, while there has been a strong recovery, i am looking at the fib6 of the recent downmove. 3 confluences for me: fib6 of recent downmove , d1 line chart, which is sort of a neckline for a half head and shoulders EMA also show possible flying buddha to be formed. and lastly which is something new for me, the up volume does not seem to be...
GBPCAD had a very bearish downmove after Carney's speech on Wed. Price plunged first part of Thursday and is now recovering in NY session. it is likely a price is still some way away from the mean , so this may help propel prices up. for about 60-80 pips
thsi area is multi weeks high beinf flushed , also a confluence of fib and big channel top
I placed a buy limit this morning after price plunged in the Asian Session. From past experiences, this setups a pre condition to create a hammer for subsequent mean reversion trade. However, this time I am trying to even lower my long entry, complying to the axiom of " Buy Low Sell High" as best as I can. I look for confluences of support, namely d1 line chart...
just what I think about resistance for NZD. Theory short on NZD via GBPNZD, not much of a confluence
simple Day upslope trendline supporting
A simple Day upslope trendline may be holding up as support. I have a h1 chanel setup as well.
resistance at ed channel top , daily line chart trendline . day fib6 , small channel triggerpoint wash n rinse 2 weeks high
After poor AUD data and monetary policy minutes, shorted AUD on breakout of day. prior to this there was a multi day bear flag consolidation.
combination of fb5 , multi day flat high , and downwards ed channel. I am assuming this channel not to break and a short from here will be most advantangeous. Hence looking to play the range and tp at btm of channel
AUDUSD D1 at neckline and pending monetary news coming up. Is it the end of the beginning of the fall?
CADCHF longing for trend continuation, not sure if it can continue to ride
A power flush with really awesome trade plan, but not the actual trade execution