TanYuFeng

TanYuFeng Updated 

Overall trend is bullish as price is above 200MA Price has been in the 1.976 to 1.8948 range for a while. Confluences: - Uptrend trend - Ascending triangle Entry: Will go long if the price forms a tight buildup near the resistance and breaks the resistance SL: below previous swing low where my trade is being invalidated Exit: Upon closing low previous week high

TanYuFeng Updated 

Overall trend is bullish as above 200MA False break Setup: Candle movement towards support looks clean, will go long if the market takes out previous structure low and there is price rejection towards the long side. Entry: enter after price rejection on candle open SL: 1ATR below support TP: trail on previous day candle high

TanYuFeng Updated 

Market Cycle: Declining Stage Confluences: - Downtrend (strong trend as below 20MA) - Market formed a head & shoulders pattern and declined upon break of neckline - Entry on limit order of neckline so as to get a better risk to reward ratio - SL 1ATR above "head" - Trail SL and exit trade when market closes above previous week high

TanYuFeng Updated 

Trend: Bearish (below 200MA) Trend Continuation Setup: Price is forming a tight buildup, about 10 candles contained within their wicks, going short if the market declines lower and breaks the buildup structure. Entry: Sell stop order on break of buildup consolidation SL: reference from daily candle, 1ATR above candle high TP: Just right before the next daily...