Note -NZDUSD showing signs of reversal after intraday rejection of higher price (long daily wick) by forming a reversal candlestick pattern (Pinbar/Spinning top/Indecision) AT RESISTANCE -NZDUSD formed a double top on 4H with confluence of a daily resistance level -NZDUSD showing bearish divergence on 4H time frame -Stochastic overbought at resistance Entry...
Note -GBPCHF showing signs of reversal after intraday rejection of lower price (long daily wick) by forming a reversal candlestick pattern (Pinbar/Spinning top/Indecision) AT SUPPORT -GBPCHF at trendline support -GBPCHF showing bullish divergence on 4H time frame -Stochastic severely oversold at support Entry -Keep enough distance above the high of the reversal...
Note -CADCHF showing signs of strong intraday rejection of higher price (long daily wick) by forming 2 reversal candles (Pinbar/Spinning top/Indecision) AT RESISTANCE -CADHF showing bearish divergence on 4H time frames Entry -Keep enough distance below the low of the reversal daily candles to confirm a transition of power from bulls to bears Stop -Above...
Note -NZDCHF showing signs of slowing down after intraday rejection of higher price (long daily wick) by forming a reversal candle (Pinbar/Spinning top/Indecision) AT RESISTANCE -NZDCHF at long term resistance trend line -NZDCHF showing bearish divergence on 4H time frames -Stochastic severely overbought at resistance Entry -Keep enough distance below the...
Note -NZDCAD showing signs of slowing down after intraday rejection of higher price (long daily wick) by forming a reversal candle (Pinbar/Spinning top/Indecision) AT RESISTANCE -NZDCAD has reached an appropriate target level after breaking out of the head and shoulders (4% range of pattern and 4% target for breakout) -Breakout traders will likely take profit...
Note -XAUUSD showing intraday price rejection (long daily wick) by forming a reversal candle (Pinbar/Spinning top/Indecision) AT SUPPORT -XAUUSD retesting a previous symmetrical triangle breakout -Stochastic oversold at support Entry -Above high of reversal daily candle Stop -Below low of reversal daily candle Target -2 times stop Risk Management...
Note -EURAUD at the bottom of longterm uptrend channel which has been respected multiple times. -EURAUD showing intraday price rejection (long daily wick) by forming a reversal candle (Pinbar/Spinning top/Indecision) AT SUPPORT and CHANNEL -Other EURXXX pairs showing signs of reversal as well -Stochastic severely oversold at support -Lower time frames (4H) showing...
SUGARUSD Entry -Above highs of pinbar Stop -Below lows of pinbar Target -2 times stop Risk Management -Risk 1% to 2% -Ratio: 2:1
NZDUSD (Long at half your normal risk, other half on NZDCHF)
NZDCHF (Long at half your normal risk, place other half risk on NZDUSD - next idea)