Quick 2:00 clip of, LTF trade signal and entry for potential short-term reversal trade. This is a more risky version of my trading strategy which doesn't put much emphasis on the HTF trends and structure. Do not take this trade - this is just an example that if signals lined up with HTF and there was confluence, this is how I would trade it. Happy trading :)
Curvy channels always end up the same way - retracement to the downside - but keep an eye on the level I marked with the arrow - RSI will most likely get oversold there - it will be a sign to long! Summary: Short now, Long later. Cheers!
We broke out of the descending broadening wedge, we confirmed resistance as support twice at B and D of the bullish harmonic pattern. We did by my count 5 waves up and we are currently in a ABC correction. Forming a head and shoulders pattern with a measured move below support line at around ~31.5k. That is still a higher low but that would break support. Fib...
Enjoy and leave comments. Happy trading guys, it is going to get choppy next month.
Updating my DXY chart I came across a possible trade forming on the lower time frames (5M). The blue lines are my 5M zones and I'm willing to risk in about 10 pips or so.
The chart is pretty self-explanatory. I have further provided the support zone and the resistance zone it is targeting. This will play out pretty quickly BTC style. Enjoy the volatility guy.
THROUGH KEY LEVELS OF INTEREST NAS100 COULD BE A POTENTIAL SHORT ON LOW TIMEFRAMES
Short term trades If we stay inside the triangle on the 15 minute TF, look to long a breakout with TP at the magenta trend line 11560 TP at the 23.6 fib 11750 TP at the purple trend line 11900 look for lack of volume on the breakout and use stops in case of fakeout If we drop out of the triangle short TP 11200 then watch for bounce and retest of 11300 If...
Shorter timeframes appear to be showing somewhat of a fractal pattern. I think we might see some movement downwards before continuing to move up again.