Equidistant
LTCBTC 5.14R Target Price 0.00600043 Parallel ChannelLTCBTC Parallel Channel Equidistant Channel Bear Flag
EURSEK Target Price 10.60763 (After Action Report)This Parallel Channel is different from my usual channel trade set ups. See the positioning of the Red EMA 10 and Blue EMA 20. The 10-Day Exponential Moving Average is below the 20-Day Exponential Moving Average. A great indication that this a sell opportunity. Candlestick wick intersects the horizontal support resistance line and both EMAs. Wick did not intersect or retest channel support resistance diagonal line.
Next horizontal support resistance is at 10.56657
XMRUSD Target Price 72.66302414Wait for a candle to close above 68.07924089 price level. Next, watch for a retest of level 68.07924089. Enter on the reteat at level 68.07924089. Exit at price level 72.66302414. XMRUSD MONERO
USDSGD Achieved Target Price Objective 1.36066Sloping Flag. Parallel Channel. Equidistant Channel. USDSGD.
EURUSD 4.29R 154.3 PipsHorizontal Support Resistance, Diagonal Support Resistant (Parallel Channel), Dynamic Support Resistance (EMA 10 EMA 20), Pin Bar.
Enter at Horizontal Level
Exit at Horizontal Level
Enter at 50% Retracement of Pinbar. 50.0 Fibonacci Retracement Level.
Exit at Horizontal Level of the Equidistant Channel. (Target 1)
Exit at the Measured Move Measured Objective of the Flag Pattern. (Target 2)
PARALLEL CHANNEL with Horizontal Support Resistance LevelBreak and Retest of Support Resistance Line. Trade consistently using Price Action. All that is needed to Trade Forex is Horizontal Key Levels (Horizontal Support and Resistance Levels).
Trade consistently using Horizontal Support and Resistance Level with a technical chart pattern like the Pennant, Rising/Falling Wedge, and Ascending/Descending Channel.
Trade consistently using Horizontal Support and Resistance Level with a candlestick pattern like the Pin Bar and the Engulfing Bar Candlestick.
Trade consistently using Horizontal Support and Resistance Level combining a technical chart pattern with candlestick patterns.
Focus on the HIGHS and LOWS. Higher Highs and Higher Lows. Lower Highs and Lower Lows.
And focus on the Daily Close. Focus on the BREAK and RETEST of Support and Resistance on a Daily Close basis.
For confluence use diagonal support and resistance (Trend Lines), Exponential Moving Averages - Dynamic Support Resistance (EMA 10 EMA 20), and Fibonacci Retracement.
For Targets use Measured Objective, Measured Moves, and Fibonacci Extensions.
Trade the Monthly Chart, Weekly Chart, Daily Chart, H4 Chart Time Frames. Emphasis on the Daily Chart. Combining Daily and Weekly Charts Analysis for Trades on the Daily Chart will improve Trading Performance.
"Forex Journal"
EURCHF Parallel ChannelEntry at the D1 Chart Horizontal Support Resistance Level
Trade Strategy: Channel Break
4.25R USDSEK Target Price 8.85318Equidistant Channel Trade Set up for USDSEK.
US DOLLAR / SWEDISH KRONA
GBPJPY reached top of channel, get ready for sell near to 148.10Get ready for a GBPJPY sell as price reject top of equidistant channel.
Key resistance around 148.10.
This trade, along with other GBP trade, will be traded in Copy our Robot.
For past 2 months, Copy our Robot is up about 400 pips each month.
BITCOIN DOWNTREND IS OVER2 year old log downtrend line finally broken with strong volume!
Target based on equidistant channel idea in combination with S/R levels.
