Head and Shoulders clearly formed. We waited for a fakeout (which happened), and now we will wait for a proper break of the STRONG resistance line (BLUE line), before making any judgements. If it is a strong push down and then retests the support line as a ceiling with nice rejection candle formation, we will enter a SHORT trade. As visible, the next resistance is...
Following the break of trend to see if the new trend is created (LONG) or whether the current trend continues (SHORT). Proper retesting of the previous high/low should be entry point following by monitored take profits. Risk management prioritized as this is an uncertain trade and requires proper analysis of the break of structure FIRST.
Hello everyone! This theory is based on multiple confirmations including EMA 200, VWAP, Trendline, and breaks and retest. On top of that, it is evident that the EU is about to run into some turbulence as there has been a lot of money injected into it, and the EU has more debt than it can possibly cover. Please feel free to drop your comments below as to what you...
Jump on the band wagon on whichever side it goes on. Careful for fakeouts and get out in profit. Please consider liking this post so that I may comment in the chatbox for more up to speed possible Scalp ideas. Also so I can thank others that give great ideas! Thank you.
Continuing to follow the trend and the spike down may be seen from the afternoon news. It looks like it's still within the respected lines drawn from awhile ago. Seems like a good scalp idea! Let me know what you guys think!
Please consider liking so that I can get sufficient rep to chat in the chat box! Really want to relay my gratitude towards the last few people that have shown nice trades that i've profited from. This is a simple Support-resistance break scalp Idea. Please use proper risk management and use your own analysis as I do not have much experience. Thanks! Let me know...