Lesser Position— 1:5 R “Direction” via 1D a. Which phase is the market currently in? (✓) pump phase! (X) dump phase! “Structure” via 15M a. Did the previous day’s market pump higher? (✓) yes, thus my bias is long. b. Has price triggered a support line on the 15M? (✓) yes c. Is the market currently in its pump phase? (✓) yes “Execution” via 1M a....
King W. Harbmayg's Journal Entry #32 Greater Position: 1:10 R Scheme 1— Direction via 1D a. current daily structure favors shorts, b. prior day printed short candle, c. and so my bias is short Scheme 2— Structure via 15M a. pump & dump setup, b. market structure supports bias, c. price pushes from supply zone Scheme 3— Execution via 1M a. price is...
Engulfing Candlestick Pattern formed on the 4H Chart. Pin Bar Candlestick formed on the 4H Chart. Entered Long Position At Price Level 1.34681.
Price pulled back to Pivot Point Level, Trend Line, and Exponential Moving Average, Enter Long Position in EUR/AUD Currency Pair.
GBP/AUD Currency Pair Pulled Back To Pivot Point and Trend Line. Enter Long Position on H1 and H4 Time Frame.
Closed Trade at Price Level 1.452. Wait for another pullback to the Pivot Point + Trend Line in an uptrend.
The 4H time frame horizontal support and resistance levels.
The daily time frame horizontal support and resistance levels.
Enter the market with a short position at Pivot Point Level P (0.999). If a pin bar or rejection candlestick doesn't occur at that price point, then consider discarding this trade Idea.
AUDUSD; Pivot Point; Ascendibg Parallel Channel; Pin Bar; P (0.694); R1 (0.694); Entry 0.69471; Target R1 (0.703); RR 4.74;
P (1.219); Channel Support; Pin Bar Candlestick; Entry Price 1.22150; Take Profit Price 1.229
P (0.687); R1 (0.687); R1 (0.688)
P (1.12) ; EMA 10 ; EMA 20 ; Engulfing Candlestick
P (0.853) ; Exponential Moving Average Period 10 ; Exponential Moving Average Period 20
Confluence: P (1.54) ; Channel Support Entry Price 1.55161 Target Price R (1.602)
Price rejected ascending parallel channel support level. (Date Wednesday 2023-Jan-04, Price 1.54979) Expect EURAUD price to increase for the next 5 trading days.
R1 (0.688) ; R1 (0.687) ; R1 (0.686) ; Channel Resistance ; Price rejected 3 Resistance levels from the Pivot Point Indicator. The currency market is bearish.
AUDCHF Bearish Engulfing Candlestick | Target Price 0.62700 Pips = 88.6