At the time 2018-05-18 (9:00 UTC+8) a V-Formation is spot. It basically tells you that the market is going to change it trends. And the uptrend is still healthy recently the market pull back to its S&R area. A trade set-up for this is made.
Trade set-up:
Open: 149.150
S/L: 148.800 (35 pips)
T/P: 150.850 (170 pips)
Note: Trade will be open at a slightly higher...
I would love to have a trade set-up during 2018-05-14 (14:00 UTC+8) as it give sign of my sellers are back to the game.
But there is strong buyers showed up as the price reached the area around 1.17830. Therefore, I suspect there is still momentum for the buyers to continue its run before the market continue its previous trend.
I would love to have a short trade...
At point zero , buyer started it's run up until point 1 and retraces back to point 2.
>Buyer still healthy, still got it's energy to push upwards.
Buyers continue its run, but never make a higher high and retraces back from point 3 to 4.
>Buyer just reach it's previous high but crashing down hardly
>Sellers presence are strong
Buyers continue its run...
During 2018/04/21 (1:00 UTC+8), the whole sequence is an uptrend therefore on 1H guy they see uptrend. But in 4H it's a sell mode, all it does is just a pull back. ( The force of the candle going down and the force candle going up.)
Position Open: 152.08
S/L: 152.68 ( 60 pips )
T/P: 150.78 ( 130 pips )
1st Sign of seller's failure is during 2018-04-13 (UTC+8) 17:00 which couldn't break its own record from the previous low.
2nd Sign of seller's failure is during 2018-04-17 (UTC+8) 21:00 which price did not went down, created a FAKER!
3rd Sign of strong BUYERS showed up forming a V-Formation.
Note: Counter trend trade is carry out on this ( It is still Sellers...
Price closes below the support line . At first a sell preparation was made when the price comes near the previous support line but it eventually closes back up . A low was never happen (Faker) during the period . The previous buyer is showing sign " They are BACK"
Trade setup:
Open: 1.2262
S/L: 1.2212 (50 pips)
T/P: 1.2412 (150 pips)
RR: 3:1
Be aware of the...
