the market broke and tested the backside of a strong resistance trendline i will be bullish on this pair
the market is currently at the lower end of the trendline (channel/traingle) of which i drew using the weekly chart..in order to take advantage of this possible move..we have seen that the daily candle closed in the buy zone(above the trendline) our job is to move over to the 60 min chart and wait to see buyers taking control we can do that by making a trendline...
like everyone else i was preparing to be a bull on pound ...but when the market broke and tested the backside of the trendline my idea changed (just for a short squeeze sell ) the overall direction (weekly chart ) is bearish but i am planning to take advantage of this breakout
what we have here is a bullish flag formation we need a pullback which will test the backside of the trendline and close above the trendline then we can buy bullish counter trendline breaks on the 1h chart we also have a AB=CD setup with the C low at 0.618 fibb level
what we have on this pair is a head and shoulders pattern and as the market has broken the neckline we need the market to make a high price in the sell zone (test backside of neckline and close below it ) once/if that happens we then need to go to the one hour chart and sell counter trendline breaks bearish ...we will use the width of the right shoulder to...
greetings the crude oil market is currently in the buy zone in the daily chart ..in order to take advantage of the possible bull run we must wait for a low price in the daily chart which might form on mondays counter fow ( i dont trade on mondays because the market tends to counter flow)..once or if the low forms and the daily candle closes in the buy zone ..we...
the ukoil market is above the buy zone and closed bullish and broke the mini range it had last week on friday...now inorder to trade this market with minimal risk we have to wait for the market to for a low price in the buy zone and then we can buy counter trendline breaks bullish on the 60min chart which would show that the buyers are in control and we can enjoy...
Greetings ...what we have here is an ascending channel in the buy zone ...because the market moves in waves it tends to make higher highs and higher lows in the same area ...my plan is to wait for the market to test the lower end of the channel and give proof of buyers coming in (candle formations and go long with good equity management ...this is not investment...
greetings on the GBPUSD pair we saw the market rejecting the resistance line and falling ...it then retraced and tested the 61.8% level and seller took control we are planning to short this AB=CD pattern....rules : do not short at support wait for market to either retest the 50% or break and retest the 38.2% level Equity management is always important...this is...
greetings ...on my weekly/longterm setup we have crude oil forming a textbook head and shoulders pattern ...i am looking to short this market as it is a the resistance of the neckline and of the upper channel line ...equity management is very important...entry on the 1h timeframe using fibonacci or coutertrendline breaks bearish ...this is not investment advise...
when looking at this pair we realise that the market is ranging and our job as traders is to buy low prices in the buy zone and sell high prices in the sell zone ... when looking to the weekly timeframe we can see that the market is in an ascending channel and our job is to find low prices on the daily and enter using counter trendline breaks on the 60min...
crude oil is in a ascending channel we are looking to long on the support ...we use multiple time frame analysis to find direction and now we trade direction ...equity management is always important no more than 2-3% risk
greetings ..as we all the the 4 market phases ..and the most interesting is accumulation where the big guys set up positions before everyone else even notices...as we can see this pair is in a channel...NB wait for the market to be in the buy zone before entry ...price could test the lower end of the channel before breakout patience is key ...i am expecting the...
greetings AUDNZD is in a overall bullish trend...but we can trade corrections here and there...with the hammer at resistance i am expecting the market to fall to marked support ...entry = counter trendline break entries
greetings this is an update of my previous GBPAUD analysis...what we can see is that price is currently in an up trend channel... we are looking to long on the lower end of the channel...entry rules wait for the close of the day (expect prices to dip down to the lower end of the channel) and use the 1h time frame for entry with good equity management...we can use...
Greetings we have a possible long scenario on the GBPAUD....what we see on this pair is a uptrend channel forming...price is.once again testing a key support on the weekly chart and the overall direction is bulling...trade GBP pairs with care as brexit uncertainties tend to make it volatile entry : buy low on the daily buyzone use 1h counter trendline breaks...
Greetings...what we have here is silver trading in a range...with the market closing above our support on friday signifies a good levels for the bears to come in...in confluence we see that the market is showing a possible double bottom pattern which could push price to the 20 dollars an ounce level ...we have to avoid fomo and wait for good price action to give...
Greetings as we can see gold is currently in a channel we are looking to long this position as it has fulfilled the 0.618 retracement we can also use it to co relate to silver and also use the gold to silver ratio to determine which might break out first