On the higher timeframes we can see an obvious uptrend beginning to form on GBPUSD. The current price has gone back up and began to come down after confirming a double top on an ascending triangle formation. We are taking sells until it continues to go down to create a 3rd touch point of the triangle on the horizontal support line, where we have set our buy limit.
I'm expecting price to bounce off of this diagonal support zone and go into a buy. However in order to get a more precise entry on the H1 I set the entry to the original lowest wick rejection of the support zone.
Live Trade- Currently Active Date: 03/31/2020 Pair: AUDUSD Entry Price:0.61166 Exit Price Pending Risk Management | Risk Percentage: 5.5% | APS: 145 | TP Target: 500 per TP | Number of Positions: 2 | Trade Type: Acceding Wedge | Confirmation: Break of Structure ALERTS FOR BREAK EVEN ACTIVE: Set Notes: - Price is in a rising wedge and currently broke...
higher time ram ascending channel with lower time frame bullish flag pattern towards the upside before longer term short.
EURCHF Descending Channel and lots of pattern knowledge in this Post. impulse and corrective phase you will be understand better.
Diagnosticating an Uptrend is Crucial (4hr Example)
Clear change in the whole altcoin market structure, this one looking pretty nicely, forgot to post it before but this was my buy zone. Still possible to enter on retest.
Over extended run on the daily, with possible shorts down to 0.6670 area then 0.6530 for longer term targets. The past few months the RBA has been lowering interest rates weakening AUD. Looking to Thursdays AUD unemployment rate to see how price reacts.
Look for change in momentum with LH after retesting the diagonal on the lower time frames (4hr, 1hr). Short close to the bearish playoff level.
KIRK has been dropping rapidly for the last few months. Falling right into monthly demand right now. Bought the monthly support. Looking for a bounce to about 6.80, but i plan on closing my position around 5.50
Daily price action is showing signs of reversing at 1.00000 quarter point. Lower TF structure on 2H failing to make higher highs. 6H TF is what I am using to gauge exiting after a moving average cross.
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UPTREND BROKE STRUCTURE AND TRENDLINE. RETEST HAPPENING NOW FOR THE CONTINUATION DOWNWARDS.
Price is has wicked weekly resistance, has resulted in price to fall.Currently I'm looking for a short entry on the 4 hour chart, confluence's i'm looking for are a cross of moving average and a break of trend-line. I would also wait for a rest of the area which was broken
Hello Everyone, I appreciate the feedback that I have been getting this past couple of weeks and something I that I been wanting to share with y'all is one of my confirmation. I know you will do your own independent reseach on this and I wish you the best in your trading Journey. Thank you. Ps. I'm looking for a new HL point to get a new HH.
EA bears doing work for the last few weeks. waiting to see if M15 breaks structure to the upside and then to the downside again ending the H1 retrace and setting up a potential selling oppourtunity