TheSnowballEffect

TheSnowballEffect

here's what I think it will do.

TheSnowballEffect

Big consolidation happening since march 2020... Looking to see if it breaks down or continues to consolidate in a shorter-term move to the upside

TheSnowballEffect Updated 

Even though the price is in a downtrend, it still has to retest the broken wedge. Also, we can see that the RSI is at the bottom of its range where it has rebounded from it multiple times. This is a good entry as I am expecting a move up imminently.

TheSnowballEffect

Price broke out of the falling wedge. Expecting a retest for a good entry long coinciding with the horizontal support. simple and effective setup Here is the green trendline from the weekly that might actually be broken soon

TheSnowballEffect Updated 

this is one of my favorite setups when it breaks an upward support line and then retests it. It gives me a perfect entry with a good probability of success and a very good Risk to Reward. Taking it all the way to the next support line.

TheSnowballEffect

Looking for a scalp to the orange line. Price has been repeatedly doing legs up and legs down. Looking to capitalize on the next 300 pip move for a 3.5 RR Here is a more clear view of the green line from the 1h : Here is a clearer view of the orange line from the daily:

TheSnowballEffect Updated 

Price broke the trendline with a lot of aggression, and the price has faded from its upward momentum. Looking for a "perfect" entry if it tries to retest for a second time the blue trendline. Taking it all the way down to the next area where there will be a lot of buyers. Here is the trade from the Daily: It might just continue upwards, but if it breaks the red...

TheSnowballEffect

price respecting trendlines until it breaks, creating a new structural pattern. :)

TheSnowballEffect

Price forming a consolidation where there is resistance from a higher timeframe.

TheSnowballEffect

5.4RR I just entered at that price

TheSnowballEffect Updated 

Setup: We can see that the RSI has formed a horizontal support level, even though price had been going down, indecating more streagth than weakness. This clear agressive rejection indecates price has now changed bias to the up side. Entry: Placing a limit order and waiting for a retest of last consolidation level in convergence with the short term trendline...

TheSnowballEffect Updated 

... from multiple converging trendlines and exhaustion of the move up. The break of the rising wedge will likely be down, beacause : The wedge is very tight, reinforcing it's efficacity as a pattern (more people will be seing it). It has reached a major resistance trendline from the higher timeframe, where it has rejected it in the past very well. Placing...

TheSnowballEffect Updated 

consolidation forming, so the big liquidity (banks) are accumulating long or short positions. RSI looks stagnant, no information there to be gained. me: Already on a long trade from 1.056. Putting my stop to break even and waiting patiently. I have nothing to lose (literally). I am changing my trade in this way because the consolidation has a 50% chance of...

TheSnowballEffect

Multitimeframe Analysis! Price is reacting positively (downwards) to a long term trendline from the WEEKLY + a horizontal level. Entry: major GBP news release in 7 hours, hoping it triggers me in on a limit order from implied volatility (expecting a small spike rejection/retest-ish) Exit: I don't know how far the will go, so I will be adjusting depending on what...

TheSnowballEffect Updated 

in convergence with: respecting trendline = good probability it will rebound at this area looking to take my profits quickly tho as this is a downtrend longer term.

TheSnowballEffect

Always be prepared for the unexpected.

TheSnowballEffect

Price is near the convergence of multiple trendlines and a good horizontal level. There is a slight RSI divergence from the 3 tops Let's see

TheSnowballEffect

not taking any trades tho as this is on the 15 min Flag pattern