British Pound/Chinese Renminbi Quote | Chart & Forecast SummaryKey Indicators On Trade Set Up In General
1. Push Set Up
2. Range Set up
3. Break & Retest Set Up
Notes On Session
# British Pound/Chinese Renminbi Currency Quote
- Double Formation
* (EMA Settings)) | Completed Survey
* 1 & 0.618 Area + Inverted Structure | Subdivision 1
- Triple Formation
* (Tria
Why "The 13 EMA System" Could Be The Best For 2024I started looking back on my trading ideas
to find clues on which trading strategy
-
could be the best to use during this market.
And the 13 EMA System has performed well so far
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This strategy is one I recently developed about a month
ago, and even though I doubted its ability
I gave it a chance an
HOW TO TRADE LIKE THEM GBPCNH (TRADE OF THE QUARTER) CONT daily Rejection on higher time frame left a daily triple top into a ranging rectangle pattern with a fake breakout at the high
That is rejected by the daily applied moving averages 50 100 and 200.
And a rejection of a pivot point (red line) back into the range.
Rectangle pattern with measured moves a
HOW TO TRADE LIKE THEM GBPCNH(TRADE OF THE QUARTER CONT) weeklyAs we continue
The necktie rejection = head n shoulder on the weekly
The monthly double top second top mad a double top on the weekly which is also the monthly evening star
We have price trading under the 50ma and 100ma
With rejection of the 200ma as this ma is use for market direction on the h
HOW TO TRADE LIKE THEM GBPCNH (TRADE OF THE QUARTER) MONTHLYAlright the trade of the ending year 🤷🏾♂️ Maybe not in pip target but in presentation and potential to continue yes.
First let understand this is a newly added pair to forex which means the freshness of the market is ideally a great invest opportunity if we trade like them as the initial market
HOW TO TRADE LIKE THEM - TRADE WITH THE BANKS FOREVER So a hiding gem is the bank saxo, where with them you can get the oldest documented digital graph of a pair. This allow us to see where the initial Money was placed..
So we see where the money was added. we see trillions of dollars added and stopped at these two levels so you better believe the
HOW TO TRADE LIKE THEM -TRADE WITH THE BANKS PART2Yes from the pervious post I’d explained what is going on here for free cus I want all to win as it’s enough money to change everyone’s life
Now let’s talk about those entries as entries are the hardest.
So ideally we want to see price go back and touch the high please see the first post but we
HOW TO TRADE LIKE THEM GBPCNHMonthly we see a double diamond with respect to a bearish trendline with a rejection.
Price is currently below the necktie thus pass the necktie fake out also fakeout are harder to take place on the higher timeframes..
Note overall the rsi doesn’t show higher highs on the test of the trendline so
See all ideas
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.