Continuation Short off of MA and Previous Support turned Resistance. I’m testing a strategy I found on YouTube. It seems like the goal is to use Ma and higher timeframes to determine overall trend and then use support and resistance areas in combination with ma to find entry in direction of overall trend. I believe strategy was only tested on GBP NZD and had about...
Ill be looking for a rejection at the top green line and either a double top or reversal pattern so enter short.
Uj is giving me an oppurtunity to add to my longterm short position
Longing USD Cad on break out of short term channel and bounce of long term channel. is an aggressive entry because I bought before confirmation that the bearish channel was going to break. The market could bounce from the top trendline of bearish channel and retest the major bullish channel's lower trendline again. USD/CAD
For this trade I will be waiting for a retest of the lower trendline of this channel. I am expecting it to break and then come back into the channel. I am taking a conservative entry on this trade and entering after the bounce and after a strong bullish candle close.
For this trade I will be looking to get in no matter what direction the market goes. I will be waiting for a retest and bounce for entry.