entering swing trade on oil on 4hr timeframe i see a slight possibility for a inverted H & S pattern on 4hr but im basing this trade off of higher timeframes and the rr is worth it price has been extremely bearish past few weeks i beleive price will break pennant towards the downside break through support area and go towards next weekly support area. entries exit...
last week was very important for gold as we came down to key area 1680 but price wasn't able to break through that support area . This week im expecting a retracement to the 1800 level for tp1 with an extended target at 1810 for tp2 . From there we will watch to see if we get a breakthrough for change of trend or if resistance will hold for a continuation down. I...
nas100 is about to break out tp area on screen scale in on smaller timeframe for proper entry and sl
tp ,entry, and stop loss all visible on chart. price action is unable to break downward trendline on weekly timeframe .
The daily downtrend line isnt broken on daily timeframe but it is on the 4hr and 1 hr and i can see a double bottom forming on 4hr so im going for the buy.
sell idea usd/cad tp and sl area are seen below on screen
price has broken daily pennant looking for a retest around 17510 area before the continuation entry will be off of 4hr timeframe
I've been expecting a huge drop for awhile but hit my stop loss due to wicks when making the head i then deicded to keep a eye out and wait we are now making the 2nd shoulder before the drop im an agrresiveswing trader so i will be entering right away but if you are a conservative trader wait for price to break the last wick of channel drawn out around the 131...
price is respecting weekly trendline buying up to previous daily high swing trade idea
reason for entry 1. if you look at monthly timeframe price is making a double top and is on the 2nd leg 2. weekly timeframe you can see a head and shoulders 3. daily timeframe price has broken below support area my bias is bearish and im targetting the 1680 area and im looking for two ways to possibly enter. 1 is price breakes consolidation on the 4 hr to...
ive been anticipating a big push to the downside for quit a while now so im not going to go into much detail on this idea but as you can see we have a possible head and shoulders pattern on usd/cad selling to 1.26000
this trade is based strictly off of a chart pattern formation i see on 4hr timeframe. Double bottom
reasons for entry 1.price is trading withing a descending channel on monthly that had two false breakouts to the upside with the last 1 being a liquidity grab as it tapped into a order block and viciously dropped to the downside, price then came back up and re tetsted the channels resistance before dropping again causing lower highs and lower lows to form 2....
if you look at the monthly timeframe for this pair price has created a new all time high and has passed a price area it hasnt been in since 2002.on the weekly time frame we have doji candles showing indecision and what lokks like could be a possible H&S pattern. as i come in to the daily and 4hr i see it more clearer especially w the star pattern on daily...
Price is training within a channel on the daily timeframe and has reached the top and showed signs of rejection and started to fall . scaled in on lower timeframe for entry
inverted head and shoulders pattern found on 4hr timeframe wait for pullback/retracement for entry. 1:3 risk to reward
price is at suport at the bottom of channel lets see if support will hold and show some upside movement to resistance at top of channel 1:4 risk to rewARD
Price has broken strong resistance on monthly timeframe making a new high ,and u always sell at the highest point and buy at te lowest . when i come down to the weekly i see a small retest of a possible new resistance and when i came down to the daily timeframe i got confirmation of what i was seing with the evening star pattern and market closing with a bearish...