


Candlesticks Are showing the same price reversals as a line chart but with a much more information. Also shows signs of manipulation, which mostly are shown as a long "tales" higher or lower of the candlestick's body. As You can see, this tales or manipulation signs are not always appears at the point of price reversal on the line chart, what does it tell...
In a very simple way - using a Line chart - what we're actually looking in a reversal areas, this sample - BRA - Bullish reversal areas. The answer (if it's a question) - we're looking for a reversal of price.
Basically the breaking through the area is not giving us a signal to sell or to buy, but it gives us a potential market mood. Here I'm not showing the signals or the way of drawing the areas, but the way of thinking - what trader should think, or what signals to look for, when conditions are met Details are on the chart - any questions are welcome
It might be a good area to buy at the moment, however Timing stop + Securing stop is a must. I have entered Lond as a try, SL below 1.1135 1st TP= 1.1185 I use timing stop if 15 min closed below 1.116 Good luck in trading!!! Look for details on chart. Sincerely ArJe
Good time of the day Everyone, just rehabilitated from my seasonal illness, and came back to work, sorry for not posting for a while. Ok at the moment I'm looking for a retest of 1172 area and is going to enter long at 1135 area, if price action confirms with a stop loss below 1120 area. Daily Resistance area has been broken, however it's not yet confirmed but...
The price is in potentially reversal area for a mid/short term. Potential target at 1.111 but the entry has to be confirmed with a reversal pattern within/beyond the zone. Depending on strategy, SL can be above 1.133, or above the recent high after a reversals signal. Questions are welcome!!! Your likes and comments - motivation of mine!!!
Morning everyone, it's a bank holiday in the US, so not sure, what the markets will be like today. This is a bearish review, so bullish signals are not reviewed here. 1. Minimal retracement already met at 1.12, so the Limit order entrance in case of bearish continuation is not really possible, 2. Bearish engulfing appeared, 3. 1st Sell stop with SL> 1.118 =...
I wish you a good and smart trading today, however If You had a good week already, it might be a good Idea to stay with your profits My fellow trader!!! Here' I've described the most common news - trading breakout strategy (for today and for the current market conditions), However, I'm sure that some of You are going to use limit orders in lead of Stop market...
As I have mentioned on a 1D chart the main direction for a week at least is "UP", however 38.2% of the last down swing is also a triangle resistance, so the bounce back into the triangle is possible. for those who are in a long pos I would trail stop, for those who're willing to enter short. this is a minimum level to wait.
The price has bounced off the last swing's 61.8%, and a signal is now confirmed with 2 days close. However due to the global market bearish tendency, the price can continue it's bearish movement. I'm using the current signal as bullish till 1.11545 is broken down.
In case of the reversal pattern appearance will go up, back to 1.15 at least. Will be looking for reversal signals on 30m, 1H chart Any questions - welcome!!! Thank You for likes and comments!!!
Please refer to a chart for details, likes, comments and questions are welcome. Sincerely
The price retraced towards the upside, however the news are coming and the important levels are to be reached (possibly) no rush and gamble. Details on the chart.
The price has shown a good bullish reversal signal on a daily chart, however not confirmed yet. For a long entries I would suggest 0.7085 level. (details on the chart)
Price is in the triangle and in case of a bullish breakout will possibly continue it's movement towards the 125.100 level.
The ranging market will possibly continues till the end of September - beginning of October. Mid term long entry point 123.00