This Setup use the following confirmation. 1. Fibonacci 50% Reversal (@ 1.4000) ( On follow up monthly Chart ) 2. Use round number expectation for strong support (@ 1.4000) 3. Use previous range bound between RED arrow and GREEN arrow. Setup Configuration :: This number come from strong physiological price number, Fibonacci support and previous daily spike ...
This setup use the following indicator. 1. Strong support and resistance line for both target and entry order. 2. Use price action (PA) on pin-bar candle stick close on daily chart. My setup configuration: Long @ : 136.00 ] [ This come from the GREEN Arrow where price shown strong significant resistance in the past.
This Long idea base on :: 1. 50% Fibonacci retrenchment level of the previous pulse 2. Suport and resistances line @ 1.6940.. where is shown sign of bound around this area in the past as indicated by the RED ARROW. 3. Weekly Chart where GBPUSD is currently have an uptrend moment. This setup base on uptrend movement where usually price will bound off at 50% or...
This setup using 3 technical analysis. 1.An aligned acceding channel with candle stick. 2.A force that move the candle stick. 3.A Fibonacci support level for an entry level, This entry use 0.236 (1.94055) level of a recently price structure. In my point of view, at current stage candle seem to stuck at the support/resistance line (SL Line) after the weekly...
This setup using 3 reason to plan this trade. 1.This descending channel align with current candle stick trend. 2.The rejection of price from resistance area (S/L Area). resulting in very strong bound leaving a trial as "Bearish Engulfing on weekly Chart", as well as "Dark Cloud Cover on daily chart" following a red candle stick after. 3.The rejection level...
This is a setup that that look promising:: This setup base on 4 technical analysis. 1. A double top is form on the chart on 4H candle stick, as well as a long wick pin-bar on 8H both are re-traced back under " 1.7155 " 2. This price location and the formation of double top match the "ascending channel". 3. This price action also confluent-ed by Fibonacci...
The support level, is observed and identify by using several day data. as indicated in "red arrows". @1.7055 @1.7055 :: This level seem to have have it act as support and resistance from many time... and each time price touch this level. it could bound back as much as 50pip in any direction. @1.7055 :: This level also being confluent-ed by Fibonacci-retrenchment...
I found this setup so convincing that might could give a short position. Since the price bound multiple time along the acceding uptrend channel. it could might bound back down again. + the last Friday the "Pin Bar" was form on the gbpjpy daily chart. + which it was retraced back below 173.75, where it was hold at that level for sometime in 4H chart. where...
This is my fist time i post anything on this website. well. just get the try account setup yesterday.. so.. Since the last week. I have found the "bullist engufing" formed in the low past of the acceding uptrend channel.. I am believe the downtrend my need to retrace back a bit.. + And since the doji was also form the last Friday.. i believe it is time to go...