SETUP 1: Resistance(Top of the channel) Entry: Bear confirmation candle. Might see price move up first creating a double top before pushing back down. SETUP 2: Support, Trendline. Entry: Bullish Confirmation candle. If price moves down, this is the setup I'm looking to take. Note: Confirmation candles may print on the 15min chart during periods of high volatility.
SETUP: Major Resistance, Harmonic Pattern, Elliot wave Entry: Bear Confirmation candle. Confirmation can happen on the smaller time frames. Double top on the smaller time frame will act as an extra confirm.
SETUP: Harmonic Pattern, Major Resistance, Trendline. Entry: Bearish Confirmation candle.
SETUP: Major Support and Trendline. Entry: Bullish Candle confirmation. SL: Will be decided when the entry is presented. TP:0.753 This trade may consolidate friday and execute next week. Also due to a lot of momentum today, price may need some time to prepare to reverse first before the Entry signal is given.
SETUP: Major Resistance and Trendline. Entry: Bear Confirmation candle. SL: 1.312(or the highest high price point before moving down) TP: 1.303 Despite the big move up today, if price slows down tomorrow, price needs a bit of consolidation or a small retest to the major resistance before moving back down. No major news tomorrow so resistance should hold...
SETUP: Support, Top of the channel. Entry: Bear Confirmation candle. TP: 1.731 There is no more news to fuel the up movement of GBP so I expect price to stay in the channel and break lower.
SETUP: Major resistance. Entry: Bear confirmation candle. (15 minutes chart)
SETUP: Trendlines, Support. Entry: Bull confirmation candle. SL: Depends where trade is entered. TP: 0.757
SETUP 1: Sell at Resistance Entry: Bearish confirmation candle. SETUP 2: Break and retest of the current resistance. Entry: Bull confirmation candle on the retest.
SETUP 1: Support. Bottom of the consolidation channel. Entry: Bull Confirmation Candle SL: 1.730 TP: 1.742 SETUP 2: Break and retest of current support. Entry: Bear Confirmation candle on the retest. Setup 1 is Plan A, if price keeps moving down, we go with setup 2-plan B.
SETUP: Resistance, Trendlines. Entry: Bear Confirmation Candle.
SETUP: Support Entry: Bull Confirmation Candle Note:Lots of USD News Releasing a 2pm, price will definitely be more volatile. This is an good example why stop losses are important.
SETUP: Resistance, Trendline. Entry: Bear Confirmation Candle. SL: 0.761 TP: 0.756 Note: Support and Resistance are areas, not specific price points.
SETUP:Support and Trendline Entry: Bull Confirmation Candle SL:1.733 TP:1.741
The Red Arrow Setups SETUP: Both situations have Support/Resistance and trendlines if price reaches those 2 areas. Entry: Confirmation Candles as usual. Blue Arrow Setups SETUP: Price can break up or down, entry will be on the break and retest of the Trendlines. Entry: Confirmation candles. Price will determine which setup activates. All these setups are...
SETUP: Harmonic Pattern and Resistance. Entry: Bearish Confirmation Candle. Price is still bullish , I'm expecting price to complete the harmonic pattern and take this setup at point D. As I am waiting for the this longer term setup to take place, as price still has potential to move up, there is a basic bullish- SETUP: Support Entry: Retest of support and bull...
SETUP 1: Resistance and Trendline. Entry: Bearish confirmation candle. SETUP 2: Trendline and Support(currently resistance), Higher lows. Entry: Break and retest of the resistance that will turn to support, Bull confirmation candle. Price can go only 2 ways, up or down, we have a setup for both. Trades are only entered with the confirmations. Markets are slow...
SETUP: Trendline, Support, Hammer, Lower time frame higher lows. Entry: Bull Confirmation Candle. There is no clear direction of the trend so we will be taking the trade within the consolidation.