Getting in before the move above the 50 EMA. Safe Entry would be a retest of the 50 EMA (50 - acting as dynamic resistance). Getting in early and out before everybody else in current setup. Can't give a pictorial description using arrows as this is a method i'm experimenting with. Bull MACD.
TARGET BOX shows the idea. Good daily momentum so may be a little difficult to get the pull back for the entry. Again, not looking for the exact pattern shown with the arrows, maybe compressed or prolonged for the day.
PA ANALYSIS LOOKING FOR THE RETRACE TO ENTRY AS SHOWN MOVE HIGHER NOT AN EXACT MOVE AS SHOWN BY ARROWS, BUT SOMETHING SIMILAR
Nothing Flash Break and Re-test. Huge sell off over the past week about due to claw back ground. Looking left on the 1 hour at least 3 clear turning points. No taking the trade until we get the breach and retrace. Maybe pushing the target with alittle bumpy PA heading into target but doable.
Bull MACD which will hopefully take price to the new entry. Easier for price to fall to a lower point. Zone in place Daily bias to the downside.
Here it is.. A Monster trade in preparation phase. Super Low risk with Super high Rewards. Watch the move lower, look for the small zone to slow price and then an entry to Those stand out highs. Easy as handling a Death Stalker. ( Incidentally did you know scorpion venom is worth something like $8000.00 a gram )
Higher low trying to form. OLD Level turning NEW support. Good move for the pull back to a defined point and the jump higher. 2.5% trade about to be made. Short and Sweet
SCALING IN ON AUDUSD LEVEL REINFORCED RECENTLY... AS SHOWN ON CHART BY OUR FRIEND. BEAR MACD STILL IN PLAY OVER A WIDER PRICE AREA. LOOKING FOR A STRAIGHT 1:1 TRADE. ( after spread approx 0.9% )
Weekly high test. AUD hasn't had a good pull back against USD COVID lockdown in Victoria and Border closures with QLD (Brisbane) and NSW ( Sydney). Huge hit to economy. 4HR/1HR - Im only looking to make small trades. FIB retrace on the 1 hour. I would like that move slightly higher before the move lower. This giving a better value entry and affords that STOP...
AUDUSD V's CADUSD.... AUD has further to fall to support. A good break lower on the 1 hour that can be seen. A 0.318 retrace would place it well to enter short. .318 retrace would suggest the trend lower is stronger than if the .618 is reached. The 4 hour 50 is the concern. Ordinarily, I want the 1 hour and 4 hour to agree. This is a reason for my previous...
Revising the previous idea Looking for a test of the 4 hour and 1 hour 50 EMA's. Orange dashed line looks good for price to get too, but will Opt out slightly above. Could possibly tighten the stop, but let's Not.
Similar set up to my previous idea. All within my pivots and a Target of the 4 hour 50 EMA . Lots of folk posting about the idea so i think the majority will enter with the bias to the short side. 3.0% roughly.
Room to the 4 hr 50. ( GREEN LINE INDICATOR ) R1 in line with previous turning points looking left. h/s on hour, retesting under side of 1 hr 50 EMA... Over Extension in the run on screen IMO. Short term trade. Looking for 1.75 - 1.8% profit. Although it's a Friday ( Here in Sydney, Eastern Standard ) generally a No trade day for me. I think this in doable...
TP - Inside pivot R1 Stop - below zone, zone holding currently JPY weaker against USD SHORT TERM Trade Looking for 2.0%
Over extension, Breaking down, roughly at a level could be argued a zone. !% trade on once crossed. Will manually close if need be.
Over extended run, room to move to the 4 hour pivot , 1 hour breaking down, needs a PB.
Re testing the 4 hour 50 EMA as resistance. Below the 1 hour 50 EMA. Break down lower of most recent 1 hour candle. Making lower highs. BEAR MACD in play. Looking for 2% ...