KILL ZONE IS A TERM I BORROWED FROM MY MENTOR AND HAS STUCK WITH ME. WHEN PRICE COMES TO THE KILLZONE AREA, I WILL BE LOOKING FOR BULLISH PATTERN ON DAILY CHART AND EXCUTION ON 4HR/1HR CHART.
I WANT TO SEE PRICE BREAK AND CLOSE BELOW 1.13700 FOR A SELL. TWO WAYS FOR ME TO GET SHORT: 1. SELL IF PRICE BREAKS AND CLOSES BELOW 1.13700 2. PRICE BREAKS AND CLOSES BELOW 1.13700. WAIT FOR PRICE TO RETRACE BACK INTO 1.13700 FOR SELL. RISK UP TO 1.14196.
I WILL WAIT FOR PRICE TO MOVE INTO THE BLUE RETANGULAR BOX AND HUNT FOR BULLISH SETUP TO GET LONG.
SETUP BASED ON IF DOLLAR IS POSED TO MOVE HIGHER. I WANT TO SEE PRICE CLOSE ABOVE YESTERDAYS HIGH (1.32165, A INGULFING CANDLE). IF PRICE CLOSES ABOVE 1.32165 I AM LONG. I DONT WANT TO SEE PRICE BREAK AND CLOSE BELOW 1.31730. TARGETS RED X, 1.35720 AND 1.36465 ( YEARLY OPEN)
SETUP BASED ON DOLLAR POSED TO MOVE HIGHER. I WILL WAIT FOR PRICE TO MOVE LOWER AT THE PREVIOUS HIGH FOR A BUY. WHEN PRICE IS AT THIS LEVEL , I WILL SWITCH TO LOWER TIME FRAME TO VALID IF THIS AREA IS ACTING AS SUPPORT AND IF THE ANSWER IS YES, I WILL HUNT FOR BULLISH PATTERNS TO GET LONG.
1. PRICE MOVES HIGHER RUN STOPS PREVIOUS WEEK HIGH INTO THE 1.00485 LEVEL. I WILL HUNT FOR BEARISH PATTERNS AT LOWER TIME FRAME TO GET SHORT TARGETING YO ( 0.98410 LEVEL) 2. PRICE MOVES LOWER AND RUN STOPS PREVIOUS WEEK LOW INTO THE YO (0.98410 LEVEL). I WILL HUNT FOR BULLISH PATTERNS AT LOWER TIME FRAME TO GET LONG TARGETING THE 1.00485 LEVEL.
BEARISH SET UP: I WILL LET THE CHART DEPICT ITSELF
MAJOR PAIRS ONLY, YOU CAN TEST WITH OTHER FORIEGN CURRENCIES DOLLAR UP/FORIEGN CURRENCIES DOWN DXY UP= EUR/USD, GBP/USD, NZD/USD DOWN DXY DOWN= USD/JPY, USD/CHF, AUD/USD UP POSSIBLE SCENARIOS 1. WEEKLY OPEN, PRICE MOVES HIGHER, STOP RUN ON PREVIOUS WEEK HIGH...
REFER TO MY CHART I POSTED ON DEC 4TH. I AM STILL BULLISH ON GOLD. MOST LIKELY REACHING FOR 1365 LEVEL.
I WANT TO SEE PRICE MOVE LOWER RUN STOPS AT 1.90201 LEVEL INTO THE DAILY FMV. I WILL HUNT FOR BULLISH PATTERNS TO GET LONG.
IT IS LIKELY THE MARKET CAN MOVE LOWER AND QUICKLY RUN HIGHER AND NEUTRALIZE THE WEEK SHORTS AND MOVE LOWER RAPIDLY. ITS THE YEARLY OPEN (1.14450). IDEALY, I WANT TO SEE PRICE MOVE LOWER BREAK AND CLOSE BELOW WEEKLY OPEN AND OR WAIT FOR PRICE TO RETRACE INTO WEEKLY OPEN FOR SELL.
I WANT TO SEE PRICE MOVE HIGHER, RUN STOPS ON PREVIOUS WEEK HIGH FOLLOWED BY FAST MOVE LOWER. BREAK BELOW THE 0.87315 LEVEL, I VIEW THAT AS A BREAK IN MARKET STRUCTURE AND ITS A SELL FOR ME. I WILL HUNT FOR BEARISH PATTERNS AT LOWER TIME FRAME TO GET SHORT. TARGETS 0.86183 AND 0.85336
I WANT TO SEE PRICE MOVE LOWER, RUN STOPS ON PREVIOUS YEARS LOW(81.46) FOLLOWED BY IMPULSIVE MOVE HIGHER. (IT IS PROBABBLE MARKET MAY FIND SUPPORT AT 81.46 AND RUN HIGHER) A BREAK AND CLOSE ABOVE THE YEARLY OPEN IS A BUY FOR ME. YOU COULD BUY AT THE BREAK AND CLOSE ABOVE OR WAIT FOR PRICE TO RETRACE BACK INTO THE YEARLY OPEN. TARGET PYBM ( PREVIOUS YEAR BODY...
I WILL WAIT FOR PRICE MOVE LOWER INTO GREEN RECTANGULAR BOX AND I WILL HUNT FOR BULLISH PATTERN SET UP TO GET LONG AT LOWER TIME FRAME.
I WANT TO SEE PRICE BREAK AND CLOSE BELOW PREVIOUS WEEK HIGH/ WEEKLY OPEN. I WILL HUNT FOR BEARISH PATTERNS TO GET SHORT. I WILL POST A LOWER TIME FRAME CHART FOR SETUP TO GET SHORT.