MyWayofLookingThings

MyWayofLookingThings Updated 

Longer Time Frame: 1D 1. A Bullish Engulfing candle was formed on 7th Nov, breaking the structure of downward trend 2. Pulling fib retracement from pivot low to pivot high, we can see the price is currently in between 0 and 0.236 levels of fib Shorter Time Frame: 30min,15min,5min 1. At point "1" we can see that price took resistance, however the 30min and 15min,...

MyWayofLookingThings Updated 

(Similar to Trade 4) : Possibly due to same currency in the pair Longer Time Frame: 1D 1. A Bullish Engulfing candle was formed on 7th Nov, breaking the structure of downward trend 2. Pulling fib retracement from pivot low to pivot high, we can see the price is currently in between 0 and 0.236 levels of fib Shorter Time Frame: 30min,15min,5min 1. At point "1" we...

MyWayofLookingThings Updated 

Longer Time Frame: 1D 1. Bullish Engulfing candle in a day Shorter Time Frame: 15min 1. Flag and pole formation almost for 3 phases 2. Price took resistance at "1" 3. Price crossed below the shorter and medium HMA 4. Retraced back to between 0.382 and 0 Bias: Short 1. Expecting a pullback 2. Price crossed below HMAs in 15m and 30m Entry: First EMA cross...

MyWayofLookingThings

Things that might have gone wrong technically: 1. While T1 of 2649.23 has been hit (0.57% from entry), most of it can be attributed to the confirmations like - Flag and Triangle breakout - 5 min timeframe, EMA cross under along with price closing below the low of the breakout candle, and also breaking the Shorter HMA - 15 min timeframe, Medium HMA was above the...

MyWayofLookingThings

Things that might went wrong technically: 1. The price did not close below the 0.5 Fib retracement level while moving down from resistance, instead it took support at 0.5 fib retracement level. The same level also happened to have buyers' liquidity which is shown in red circle. 2. In 15min time frame, while the price was moving down from last few sessions, the...

MyWayofLookingThings

Things that might went wrong technically: 1. The trade was entered when shorter EMA crossed under with longer EMA in 15min time frame, so the possible early entry and TP was compromised to intraday. EMA cross under was 15% early that the 15min EMA cross under, where the 5min time frame: - EMA crossed under after taking resistance in the range - Pulled back and...

MyWayofLookingThings

Longer Time Frame Analysis - 1hr 1. Clear bearish sentiment Shorter Time Frame Analysis - 15min 1. AMD price action 2. Head & Shoulder Pattern Shorter Time Frame Analysis - 5min 1. Shorter EMA cross under Longer EMA at the bearish triangle breakout Entry: 1. BOS - Head & Shoulders 2. Shorter EMA cross under Longer EMA 3. The candle next to breakout...

MyWayofLookingThings

Longer Time Frame Analysis - 1hr 1. Clear bearish sentiment Shorter Time Frame Anlaysis - 15min 1. AMD price action 2. Bearish Triangle 3. Engulfing bearish candle between 0.5 and 0.382 Shorter Time Frame Analysis - 5min 1. Shorter EMA cross under Longer EMA at the bearish triangle breakout Entry: 1. BOS 2. Shorter EMA cross under Longer EMA 3. The...

MyWayofLookingThings

Longer Time Frame Analysis - 1hr 1. We can see a clear big engulfing bearish candle, indicating a downtrend. Shorter Time Frame Analysis - 15min 1. AMD price action 2. Bearish range bounded price action 3. Price at resistance of range bound Entry: 1. BOS within range bound 2. Shorter EMA cross under Longer EMA 3. The candle next to breakout bearish candle...