EURUSD for buyThe Price has retested three times the same resistance and now it has a bigger impulse so we are waiting the candle to close above the resistance level in order to confirm the rupture and the Price going up.
Also the Price broke the trendline that was forming a descending triangle
RSI Will confirm the rupture because it is already above 70 level
Comment your thoughts below!
Candle
AUDCAD on the first confirmation onto the demand zoneAUDCAD hits the first confirmation onto the demand zone. The First bearish candle to hit our key zone is around 5/13/19 and the low before the reversal is set at 0.093542 on the minor demand levels before jumping out the zone. This will be a break shorting oppotunity at the next major demand level since price hasn't been back around this aera since the end of feburary. We can go long around the 0.93091 area and scoop 20 pips at the 0.93281 and stop at the 0.92219 area
GBPUSD Strong "semi-long term" Signal.GBPUSD Strong "semi-long term" Signal.
- MN1 strong "pin engulf bullish bar".
- W1 "anchor candle" broken + last week close above anchor's range.
+ W1 "RSI(21)" historical data shows 99% reaction after divergences.
(retracements or even reversals)
Above 1.3220 :
- Only buy based on daytrading or fast swingtrading
Target 1.3615
-------------------4HR CHANNEL/ PPL SET-UP--------------------Additional lower timeframe confluences:
1) 30 min FIB retracement and notice any respect or rejection to key 61.8 level
2) 15 and 5min 14 and 50 Ema in your favour, or wait for a dynamic support/ resistance
3) 5min rejecting a PPL and RSI strength in your favour bounce off 30 or 70 level
4) At a point of lower time frame break/ push there will also normally be a 5min 14 EMA retest the same time as a minor correction
and good entry point if everything above lines up
GBP/Short potential Interesting structure- if GBP/JPY can break the horizontal green line then we could potential see price retrace back to 50% level on fib which also corresponds with a significant level of structure, if price breaks below this level we could watch out for the 61.8% level and look to exit the trade here or be on alert.
Candle lockOkay, so I think this is a good one, and obvious when you think about it. All of my lines, rays, and Fibonacci sets are always drawn from a candle open, close, high, or low. It would be WONDERFUL to have a setting that automatically sets these drawings to the nearest candle body or end of wick that I draw the line at. The spot that I click on the chart should quantize from there so I don't have to zoom in or look at exact prices and then adjust. This would save me a ton of time and 4prevent errors in my charting.
Hope you like it!