Entered Long after: my exhaustion area/ resistance was broken and retested plus more Buying Confluences. No Set TP as it has reached its ATH will exit after I see a 38.2 FIB break.
Waiting on the following before entering; Price to come back to Exhaustion area Sellers exhaustion wicks double bottom Bullish Engulfing variations Minor Counter Trendline break & Retest MA's crossing on H1/H4
Waiting for confluences and buying momentum
Will add another trade once i have my buying confluences.
Waiting for My Confluences before entering Retest, Downward Momentum, Cross of MAs, Bearish Engulfing etc.
Currently in 2 Trades Many Confluences to the downside Will add more as it breaks the H4 Trendline and see the Downside Momentum
Making a clear Retest of Structure on Daily TF Wait for Confluences to downside before entering Retest of Exhaustion Bearish Engulfing Wicks to the Upside
Waiting for Buying Confluences before Entering
Wait for: -Selling Exhaustion -Buying Confluences on LTF to enter
Currently in the Trade. Respected The Daily Trendline HTF Exhaustion Area
REASONS: -Monthly Timeframe candlestick is bullish -Weekly Timeframe candlestick is a bulllish doji with seller exhaustion (wick at the bottom of candle) -Daily Timeframe candlestick is bullilsh and the previous 4 candlesticks have sellers exhaustion (wicks at the bottom of candles) - Lower Timeframes correlate with higher timeframes My Purpose: I am executing...
REASONS: -Monthly Timeframe candle is bullish with a wick at the bottom (sellers exhaustion) -Weekly Timeframe candle shows reverse head and shoulder pattern -Daily Timeframe candle shows exhaustion from sellers and buyer (wick at top and bottom of candle) -4HR Timeframe shows sellers exhaustion with doji -Lower timeframes correlating with higher timeframes My...
REASONS: -Monthly Timeframe Candlestick shows Buyer exhaustion with a wick on top of this months candlestick , which is also bearish -Monthly Timeframe Candlestick shows price in a consolidation zone between 1.85000 and 1.764000 -Weekly Timeframe Candlesticks also show buyer exhaustion with the last two weeks of candlesticks being wicks at the top of the...
REASONS: -Monlthy Timeframe Candlestick is currently BULLISH -Weekly Timeframe Candlestick is currently a wick and last weeks candle was a bullish wick showing sellers exhaustion -Daily Timeframe Candlesticks show inverse head and shoulder pattern -Lower Timeframes correlate with higher timeframes -3 to 1 Reward:Risk Ratio SL: 0.628180 TP: 0.641133 My...
REASONS: -Monthly Timeframe Candlestick is BEARISH -Weekly Timeframe , Price retraced to 61.8% with wicks at the 78.6% level - Daily Timeframe is a Double Top Candlestick Formation - Lower Timeframes Correlate with higher timeframes My Purpose: I am executing projections and trades that create generational wealth for myself and others. Sidenote: Learning &...
REASONS: -MONTHLY TIMEFRAME IS CURRENTLY AT A LOWER HIGH IN A DOWNTREND -Weekly Timeframe price retraced to 61.8% and bearish candlestick closed below 38.2% -Lower Timeframes correlate with higher Timeframes My Purpose: I am executing projections and trades that create generational wealth for myself and others. Sidenote: Learning & Applying PRICE ACTION is key....