DiezKokodrilos

DiezKokodrilos

-Uptrend on higher timeframes -Clear bull flag pattern, which is bullish continuation pattern -Three touches to upper trendline -Break of upper trendline to above -Bullish momentum before & at break of upper trendline Confirmations to look for: -Already confirmed with break of upper trendline with bullish momentum

DiezKokodrilos

-On higher timeframes we are in correction of uptrend which has a descending channel as correction pattern -Descending channel inside descending channel also on intraday timeframes (both inside high TF channel) -So we have strong timeframe confluence here with very good probability of price going up at least to beginning of correction -Two possible positions...

DiezKokodrilos

Reasons: -Rising wedge, which is reversal pattern -Price high at top of the structure -Double top, which is also reversal pattern -Expecting reversal and return down to beginning of wedge Confirmations to look for: -Risk entry now or -Break of lower trendline of rising wedge This is just idea, not trading advice, use at own risk.

DiezKokodrilos

Reasons for bias: -Descending channel inside descending channel which is inside descending channel -So we have multi-timeframe confluence -Descending channel is often continuation or reversal to up -Most inner descending channel broke to upside with high bullish momentum -So we expect price to continue and break next bigger channel -There is also a chance for...

DiezKokodrilos

Here we have 3 possible scenarios of price continuation. On bigger picture (timeframe) we are continuing up from bullish correction, or still continuing inside that correction phase. - Scenario 1: -Bullish trend on higher timeframe with clear Bull Flag continuation pattern -2 hits to Bull Flag patterns upper trendline -3rd near hit of same trendline, which means...

DiezKokodrilos

Reasons for bias: -Falling wedge reversal pattern -3 hits of upper trendline of falling wedge -Multiple rejections at 1.45990 level -Expecting price to break up and continue up to 1.53320 level Confirmations to look for: -Break of upper trendlife of walling wedge or for less risky entry -Break AND rejection of upper trendline of the wedge No confirmation = no...

DiezKokodrilos Updated 

Reasons for bias: -Bear flag pattern on 1H (continuation pattern) -Inside of Daily Bull flag correction phase -Expecting price to go down inside correction before reversal to up inside Daily structure Confirmations to look for Short: -Bearish candle with high momentum closing below bear flag -Break of 92.414 Key level to below

DiezKokodrilos Updated 

Reasons for bullish bias: -Very strong timeframe confluence -Bullish trend on daily timeframe -Bullish trend on hourly timeframe -Break of 1H & 15min local downtrend -Bullish price action on 1H & 15min timeframe -Rejection from below at daily key level area Confirmations to look for: -Break & retest of local downtrend on 1min timeframe -Higher low & higher high...

DiezKokodrilos Updated 

Reasons for bearish bias: -Break below daily bullish trendline -Price sideways inside consolidation -Double top pattern formed at key level -Multiple rejections at 1947 level, which is also previous key resistance level -DXY uptrending Confirmations to look for: -Break of local bullish trendline -Break of 1937 level to below & retest of that level -Trade is...

DiezKokodrilos Updated 

Reasons for bullish bias: -Rejection at: Key level area 1.1000 + Bullish trendline + Fibonacci zone 0.5 - 0.618 -Break of local bearish trendline -Higher highs and higher lows -Crossing above EMA50 -Market sentiment is at 57% long positions Confirmations to look for: -Breaking above 1.1030 key level / retest of that key level or -Retest and rejection at bullish...

DiezKokodrilos

Reasons for bearish bias: -Downtrend on weekly/monthly timeframe -Breaking below 1.32100 level -Multiple hourly candle rejections at retest of 1.32100 area -Multiple rejections from above at EMA50 -Crossing of EMA50 & EMA14 -RSI divergence -Break below daily pivot -DXY uptrending Confirmations to look for: -Break & retest of local bullish trendline -Break &...

DiezKokodrilos

This is just idea, not trading advice, use at own risk.

DiezKokodrilos Updated 

This is just idea, not trading advice, use at own risk.