close below trendline or 50 MA gives us a short opt...with a potential of closing the gap
lets try this again...where and how to get in ? what im lookng for...looking for a bounce off the 50 SMA and a cycle high on stochastic giving us a 123 reversal and the 1st cycle high after momentum shift. to jump in short. lets see if it develops.
potential X trade long ( price the 15 ema and the 50 sma all meet. price bounces long. or TL break short in alignment with the cycle indie short opt/ Lets see which trade develops.
1st retrace after price cross the 50 SMA...KD hook TL X...KD alignment and confirmation on the H3
Missed this one..was busy with audcad..But wantd to share a very high probability scalp set-up...my favorite scalp set-up notes on chart..Cheers
Looking for a bottoming pattern and confirmation to take this pair long. Conservative entry ( a higher W/L ratio but a lower R/R ratio) set-up is a close above the 50 and a retrace. Our bottom/top reversal set-up has lower W/L ratio but a higher R/R. I usually place a half of a position on these trades. And what i call a full position (which is three positions....
We all know what these are. Waiting for a tag of the 50 SMA to close short. And a bounce for second short opt. A close below the 50 adds extra merit to the thought of the current long trend ending Does this mean a reversal...well it could...but a correction holds more weight then a reversal...plot your fibs even a shallow correction here has a huge pip value. ...
Timing short entry "IF" PA trades accordingly. Notes on work chart with combined TAs with high probabilty confluence areas. Remember this is UJ she has a mind of her own. of course. the old trend line cross coming off the inner 2 leg always works best...
Possible PA for EU this week and how we will trade it IF it develops. 1.20 area is a harmonic area and PRZ. IF PA takes us there we will be looking for short opportunities at that level. In the mean time we are looking for long opts to trade into the PRZ
Ist long attemp stopped out...2nd higher probability long TL-X long opt
Iwatch for candlestick patterns to set-up Short scalp pot on H1 TF Notes on chart
extended cycle 11 on the 20 and on a cycle 5 on the 60..look for topping patterns to short this pair
UJ may trigger here...it did another high for an extended 11 so everything shift right, NCHF may have left without us...a LH and we might join in