aleasewell

aleasewell

ETHUSD BREAKDOWN: Daily- Currently in a downwards channel (looks like it could form a double bottom or even a inverted head and shoulders to indicate exhaustion and finally a reversal) Weekly- Currently forming even lows on weekly. We have to wait and see how the weekly candle closes at that previous support level. Monthly- We are in a clear uptrend, once again...

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I typically trade Gold on 1HR & below but this 4HR set up caught my eye Confluences: - Rising Wedge - Clear Downtrend - At an area of resistance - Trend Meets Resistance Ways to Enter: Conservative: Wait for price to close below that last area of support (1901.251) then enter. Aggressive: Have a sell limit at resistance area or sell once price reaches...

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Three touches to a resistance area and price has even wicked the trend line. Wait for price action and structure to form within the consolidation. GOOD ENTRY POINT (explained): currently price is consolidating so I'd wait for a break and/or for structure to form within that consolidation. Scale down to 5-15min to get a snipper entry. My entry on this published...

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GU has literally been perfect as far as impulsing, retesting previous resistance, and then continuing. Now GU impulsed retested previous resistance but it not able to continue past that level of resistance. It has formed a double top and the neckline is at a 50% reversal. Double tops and other market patterns, like head and shoulders, like to go back to its origin...

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AU has been ranging since July 5th between a level of support and a weekly resistance. Finally, there was an impulse above the weekly resistance and currently seeing a retest of that previous resistance. I would wait for a confirmation to buy or sell. I believe it may pull back a little further before buying to possibly a previous wick which was at 0.70620 or...

aleasewell Updated 

GJ impulsed to the downside and retested a previous resistance. We trade in levels so the next significant level is beautifully at the 27% Fibanoci level AND a previous level of support. Trail stop loss! Use good risk management. This trade has a 4.73 risk to reward. Like, comment, and follow! Thanks!