Selling to previously respected trendline of support.
Selling to previously respected trendline of support.
Selling GBPJPY to previously respected support. If trade fails, and reverses in opposite direction, recognize that this may be due to price entering a previously noted demand zone.
Sell all the way to previously respected line of resistance.
Trade idea based on top down candlestick analysis confluence, and alligator on daily still bullish though the daily is a bearish candle. Ideally, I would set the sl at my line of support, but the I want a risk/reward closer to 1:2.
A beautiful W was already formed on the 1hr, but now it looks like the trend is retesting the support line again. FOREXCOM:GBPJPY
First measurement shows a short sell that I had put in that had already taken place. The second trade idea is for if gold continues on its downward trend. The third trade idea is if gold goes up and reaches a previous area of rejection, then I will enter into a sell for the downtrend to come (projected). FOREXCOM:XAUUSD
A channel I created for the week of 5/19 on EURUSD. I believe it will go short soon, but for now it seems to be bouncing on an uptrend in this channel.
OANDA:GBPUSD Made this analysis last night and happy with the results, seeing as I am new to this and it was my first time plotting my chart in this way.