Here's a good reason to short GBPUSD SHORT 1. EMAs bearish crossovers 2. Breakout of Support on daily (still pending) 3. Fibonacci extension retest 0.382 & 0.5 4. Bearish Engulfing candle 5. Break and retest on 4h 6. 4h 0.618 retracement on candle wick reaffirming the rejection of ~1.38220 level 7. Clean 4h range until 1.39560 level 8. Weekly candle breakout of...
One of the hardest trade I have taken personally. Glad I stuck with my short bias and kept the whole trade professional and not letting emotions get better of me.
RISK: 2% LONG 1. 50 EMA support on Daily 2. Reversal Variation Pattern on Daily 3. Bullish Engulfing candle on 4h 4. bullish EMAs 5. HH HL Market Structure Daily 6. Rejection of Support 7. 0.618 Fib retracement
RISKED 0.5% Half the usual due to 30m no topwick, +0.03% When candle fails to form wicks on either end, there's an increased in probability that it has reached overbought/sold conditions OR that a huge retracement could occur on Smaller timeframe. This could be observed on the 2 following candles. It also means you need to be extra strict with your risk...
+0.8% Closed 80% @ 1:1 Closed 20% @ BE Ultimate target was 1790 strong retracement on the 15 candle prior to the entry candle was indicative of market's eagerness to push the price up. My entry was at the high of candle, just to ensure that my entry wouldn't be trapped in a fake momentum
RISK: 2% LONG 1. 4h Dynamic support 2. Bullish EMAs 3. HH HL market structure 4. 0.382 retracement coincide with resistance 5. Break and retest of 1.70353 level (strong resistance) 6. Hourly dynamic support on both 20 & 50 EMAs Confirmation Variation reversal pattern
BE Still experimenting and forming patterns on the relationship between ranging/consolidating zones and how kick in volume may potentially clear it by forming strong consecutive candles.
Price has been trading in a range, that is a fact. However, with LDN session open, there's a sign of increased volatility. And on a HTF, we can see quite a textbook Break & retest unfolding. Im entering my short position based on this premise. SL is above .88 retracement which I normally use as a standard SL I will be keeping an eye on this position and will...
+10% risked 2% Intersection of .382 & .618, Price rejecting off resistance as marked. Daily has been forming descending channel. I clocked out at roughly 5.1:1RRR
I am looking to enter a long entry in roughly 7 minutes when candle closes. Here are some reasons to why I am looking at this particular setup. I will execute a buy when LTF candle confirmation has been formed. LONG 1. bullish EMA 2. Engulfing candle on 1h 3. Long wicks suggesting a rejection of the zone 4. .382 retracement 5. Price has been forming HH HLs on...
1h, 4h, 30m dynamic support from EMAs. Breakout of trendline, not that I often trade this chart patterns but it has its place here. Shift in momentum price has been making HLs and this trade is potentially looking for GJ to form a HH above 155.489.
+4% Price made a retracement after strong bullish impulse. Entered on retracement with 6 confluences. LONG 1. 1h 20EMA dynamic support, 30m support. 2. Bullish EMA 3. Daily Price action breakout 4. HH HL Structure 5. Clean range to fill 6. fibonacci retracement
+1% Looking carefully price was doing a retest @1888.770 and hence I entered as it flips bearish instead of from the previous lower wick. Because I'm anticipating that the momentum would carry price below before the 4h candle closure
Price broke down below level of support. Closing strongly beneath it, then the following daily candle retraces BUT didn't close above the level. Potentially meaning price may be setting up to move to the downside. HOWEVER, price has also yet to break major HH HL structure. . . Looking for more confirmations to enter EURUSD positions SHORT 1. 0.5 & 0.618...
Reasons to SHORT Really want to see some sort of retracement as drawn before entering short position, as price has been producing strong bullish impulse rally past days, without a retest it can be a riskier trade 1. 1h Level of resistance 2. Price on 4h Daily has been making LH LL structurally 3. we are on a potential reversal of swing high 4. 0.382 retracement...
+2.7 Price has been making LH LL on the smaller timeframe as well as on the daily, price has formed a candle confirmation I like to trade on. Once the daily starts to break the previous low, I formed a short bias... And with the 30m closure 1hr before LDN open, I knew there's going to be anticipation from sellers to bring price down. Furthermore, if we look...
+2% Engulfing candles after multiple rejections can be a very high probability trades. This is further confirmed by rejections of previous swing high as highlighted in blue. Furthermore, the target wasn't just a 1:1 RRR, it's also a level which price has respected very much, so it was that pull factor that made this trade good. Stoploss is important, but target...
+3.2% Confluence for shorting 1. 4h Resistance at 0.5 fibonacci retracement 2. Bearish Engulfing candle at retracement in confluence with 1. 3. 50EMA dynamic resistance at 4h 4. 50 EMA dynamic resistance at Daily on potential Swing High 5. Market Structure is Bearish with clear LH LL 6. Weekly, Daily, 4h, 1h all in confluences of bearish momentum ENTRY Candle...