KingTA

KingTA

Huge area of resistance. Price just ranging. Took a limit order. Thought I had missed it, when price had dropped. But some elementary knowledge of Elliot wave theory told me that we might see 1 last wave higher. Price had a liquidity spike and swiftly dropped at end of market day. Huge wick indicates resistance zone still strong. Should have closed trade earlier.

KingTA

Got a great entry. Took a limit order. Area of resistance. Creeped outside the channel and changing intermediate trend. Breaking below support and retesting

KingTA

Bouncing off the bottom of the channel Support and retest. Moving above previous weeks low/ previous months low

KingTA

Stop entry at below previous weekly high/ previous daily low. Entry slightly below neckline. Ema crossover 20/50 Resistance level- look at all those wicks

KingTA

Retest the breakdown of trend At monthly/weekly high- liquidity grab Resistance level

KingTA

Price at area of previous Monthly/weekly low for a quick liquidity grab. .786 retracement level Price was previously at the bottom of the defending channel/trendline which proved to be a resistance/rejection level

KingTA

Up

KingTA

If we break and retest below the 30k support and continue lower, the measured move for a HS pattern - from the apex to the base Would indicate a move to near 0.

KingTA

Hit strong resistance. Move too weak to continue to the upside. Bearish channel down to area of next support

KingTA

H&S pattern, came for a retest at neckline. Prepped for 300 pip drop.

KingTA

Broke past resistance. Now acting as support. H&S pattern

KingTA

Going down

KingTA

Good opportunity to make some pips, as long as we dont breakout of the ascending channel. move up within the ascending triangle.

KingTA Updated 

hi all, Complete newbie here, have been learning about forex while in lockdown. I think i might have located a divergence in the RSI. possible top swing failure. possible failure in the ascending triangle and a breakdown. going short position here. again, complete newbie here. please give your critique and suggestions

KingTA

yo everybody. complete noob here. i've been doing some forex self study during this time in lockdown. here's my assessment. please leave some feedback. directional bias is still downwards, the trend will be be broken downwards to form another low.