Trend change on the uj is soon to happen. Simple ctl break trade.
Entering a buy position at the h4 support. Reasons being. Daily bullish candlestick at daily support. H2 ma + ctl crossover. Then entering a short at either the 3 fibs. As we have a weak shooting star close on the weekly.
This pair is retracing after a deep fall. Possible 11.70% return of a 3% risk.
Weekly: We have had a extreme bullish engulfing candle. Taking the higher time frame into considerations we want to look for hpt (high probability trades) which are bullish. Stepping into the daily time frame we have a valid fib from the previous higher low to the current higher high. I expect this pair to head higher to the 1.80 level. A good entry would be a...
We have had a strong bullish weekly close. We are currently respecting a h2/h4 support were we have had a break out of an inside bar.
Last daily candle close was a bullish engulfing . Heading lower to the hourly we see a hh and a hl meaning uptrend. We came back to a key area 1.76250 created a flat correction . Insta: 1tr.97 :)
Higher time-frames we are currently in an uptrend. 2 weeks prior we had a pin-bar weekly close. Zooming into the daily we see we have invalidated the downtrend creating a higher high. We have also retraced back to the 61.8% golden fib ratio completing our right shoulder.
This is a continuation trade. Clean ctl break retesting h4 support last hour candle closed as a inverted hammer.
Higher time frames looks bullish and you know we only follow the trend ;) Nice H4 descending triangle formation.
We have created a decent morning star formation on the monthly tf. If we zoom down to the weekly tf we can see that last weeks candle close was a spinning top showing indecision. Stepping down lower to the daily we see a change in trend where a HH was created. A simple entry would be to wait for a h4 counter trend line break.
Last months close was a faultless pin-bar candle close which shows a lot of significance. A neat formation of higher highs and higher lows on the weekly. Zooming into the daily we see a nice rejection off of the 61.8 fib. The H4 time-frame presents us a break of a ctl which has actually created a HH if you look carefully. As of now on the H4 we are in a descending...