pric has broke out of the previous long term channel and came to a support around
77.300 level, which lead to another descending channel, currently price breakout
of it with a strong drive leaving some areas of unfilled orders.
so price could come back to take more orders at those areas before we see another
drive again.
GOOD Luck
FX:GBPUSD
Same Process The MAEST Formula, Base on Topdown Analysis
#1 = MARKET STRUCTURE ( Potential Distribution Stage, on the 1D-TF )
#2 = AREA OF VALUE ( Price is at previous area of support turned resistance on the 3 most high TF, M W D )
#3 = ENTRY TRIGGER ( Double top chart pattern on W-TF and bearish engulfing candles on the W-TF,
follow by a tight build...
TVC:DXY
Same Process The MAEST Formula, Base on Topdown Analysis
#1 = Market Structure ( Accumulation stage on the weekly-TF + Declining into accumulation stage on the daily-TF)
#2 = Area Of Value ( Price is at previous support turn resistance on the daily TF )
#3 = Entery Trigger ( Build-up at resistance on the 4H-TF, I.E higher lows into resistance )
#4 =...
FX:USDZAR
My 5 Steps To Trading Called MAEST
#1 Market structure ( Declining Stage )
#2 Area of value ( Pullback towards previous support, turned resistance once )
#3 Entry trigger ( Shooting star + bearish engulfing daily candle close )
#4 Stop loss ( you could set your SL 1ATR above previous highs or some pips away from previous highs )
#5 Take profit ( have...
FX:USDCNH
Same Process The MAEST Formula
#1 M = MARKET STRUCTURE ( Declining Stage USDCNH 1D-TF )
#2 A = AREA OF VALUE ( Price is at area of previous resistance, could potentially b resistance again )
#3 E = ENTRY TRIGGER ( Previous daily candle close fromed a tweezer top )
#4 S = STOP LOSS ( you set SL 1ATR avbove the daily range or 25pips above the daily range...
FX:USDZAR
Same Process The MAEST Formula
#1 MARKET STRUCTURE ( Distribution Stage on 4H-TF )
#2 AREA OF VALUE ( Price is at previous support, turned resistance level )
#3 ENTRY TRIGGER ( Chart pattern + bearish engulfing 4H candle close )
#4 STOP LOSS ( you could set your SL 25pips above previous highs or 1 ATR above previous highs )
#5 TAKE PROFIT ( Have a...
