price has slowed momentum and printed rejection candles at a price level. Filter: 200 ema- price is above on weekly, daily, and 4 hour. trend- bullish reasons: daily - doji at level 4 hour - doji and pinbar at level 1 hour - double bottom and break above the last high. take profit at 1.217 extra support not part of the decision just nice to see. price is at...
This is a little late as I made the trade on my phone. The weekly and the daily both are in an uptrend, and both are above the 200 ema. Previous impulse broke the last high; however it rejected off the last high in the downtrend. my bias is bullish. Reasons: 4h - Pin bar at support 1h - higher low and higher high take profit at 1.230
on the daily price printed a bullish maribozu candle stick that stopped at a significant level so I waited for price to retrace on the 4 hour. price retraced to one of the predicted levels (The green dotted line) and then made a higher high on the 4 hour and the one hour. On the 15 minute time frame price was looking over extended so I waited for price to make a...
less momentum at a level that has been tested multiple times, and price is over extended on the 4 hour. reasons: 4h - hammer at significant level 1h - bearish engulfing 15m - lower low/break and close below consolidation zone I expect the price to retrace before testing again and breaking the level it is currently at. I expect this because the weakening of the...
Forming Bias: 5/2/2021 Monthly: price made a higher low but wasn't able to make a new high. rejected from the last high and may start a consolidation zone between 1.25 and 1.0. rejected from last high and bounced off a previous tested level. Weekly: rejected off high and was unable to break the previous low but looks like it is making a lower high and may try to...
Forming Bias: 5/2/2021 Monthly: price is overextended and showing signs of reversal after touching a previous high. Weekly: price rejected from the previous high and retraced to make a head and shoulders and at the peak of the right shoulder made a evening star. Daily: price is rejecting from the last tested high in a down trend. now looks like it is reversing....
Forming Bias: 5/2/21 Monthly: price is over extended and is showing signs of reversal at a previous high. looks like it could retrace to 1.35 or lower Weekly: price rejected from previous high retraced and is now showing signs of reversal again. Daily: Double top at a level that was tested 6 times then a bullish maribozu. Bias: price is overextended on the 4...
This is a little later then I made the trade because I got the notification that price got to my buy point while away from my computer so I placed the trade on my phone. Reasons: price broke bearish trend line continuation of a bullish trend retest above trend line on the one hour dollar index is bearish The continuation of the bullish trend and the bearish...
reasons test of trend line and resistance level candlestick momentum slows as it approached the resistance level and trend line formation of bearish structure on the 1 hour first take profit around 1.9 second around 1.7
reasons: price rejecting from a previously tested high. printed a hammer at the level finally defined structure on the one hour (high, new low, close above high). my first take profit will be around 1.4 and the second will be near 1.42.
head and shoulders on usd aggressive entry will enter another trade when price breaks the neckline. reasons. engulfing at previously tested level. formation of a head and shoulder pattern formation of bearish structure on the 1 hr time frame
Reasons: 1. Retest of consolidation zone. 2. doji and hammer at key level/ resistance zone. 3. formation of structure on the 15 minute. I cloned the consolidation zone and placed it at the end of the break out to get my take profit which gives me a take profit at 1.60 happy trading