M&W - Downtrend D - Price made new highs but ended with wicks which did not indicate a convincing break. Price appears to be going back to retest this support again. 4hr - Price is currently in a descending triangle and approaching the top of the triangle. Will wait to see how price reacts. 1hr and 30 min - price broke resistance and appears to be heading...
Last week before market open, I had a short bias, price went to my target however, it pulled up significantly before getting there. Lesson: Your view of the market at the beginning can be right but you have to be patient and wait on the right set ups to fit that bias. MW- Uptrend in Resistance D - Price appears to have been rejected from the support on the...
M - Downtrend W - Downtrend D - Downtrend -(Currently in resistance and I am looking for the rejection to continue down because of the lower TFs explained below) 4hr - Downtrend - (Currently in resistance altho already pierced it to wick a new high, the rejection looks evident and I think it's going to go down) 1hr - Short term Uptrend - (Currently in the...
MWD - Same 4hr - Price tested previous support and spiked back up 1 hr - Price broke previous support and broke down 30 min - price fell on the retest of boken support on the 30 min. Should have caught this sell but over leveraged and lost. Sold it too early.
MWD - Same 4hr - Price appears to have created a support and is heading up to the resistance. 1hr - Price broke back into the ascending triangle going up and we will see how it reacts to the resistance it is approaching. 30 min - Price has broken the resistance on the 30min and looks to be heading up. *currently not in a trade* should be buying tho lol
MWD - Remains the same 4hr - Price seems to be heading down to retest the HL created at 28900 1hr - Price has broken 3 HLs on the 1 hr and appears to be heading down. Looking for price to get to 29000 - 28900 (4hr support) and see how it reacts from there. 30 min - All HLs have been broken and well be looking for sells until the chart shows otherwise *currently...
M/W/D - Uptrend in resistance - Above prior month high 4hr - Uptrend, HHs & HLs 1hr - Uptrend, HHs & HLs 30 min - Uptrend, HHs & HLs *Currently no trade executed* price will go into 29550 and we can see where it goes from there.
SELL EN - Looking for a reversal to the downside to take trade
Looking for 110.5 next week Break below 108.2 might signal break in Up trend.
Looking for 1.97 next week Pull back below or heading towards 1.895 stay out. Buy at 1.895 the lowest, otherwise might look to consolidate below that region before heading up again.
Or new uptrend?
M - Looks to be heading down this month and it could be a long term sell - At the same time, is it in a very wicky support region which helps to put doubt on a strong sell W - 1.59 looks like the next target at the moment. Has a big wick to the left so price can bounce out of this region if the buyers are still sitting there. D - 1.59 looks very likely at the...
M - Monthly looking very bullish - seems like price is currently in a retracement at the moment W - As price pulls nearer to 1.85, we will evaluate how it reacts at this level. If it breaks and continues going down, we could see further downside. I am expecting a bouce at 1.85 or before to continue the uptrend move. D - Unsure if price will continue to 1.85 or...
M - Looking like it is heading down with a new monthly low formed - 1400? W - Strong engulfing red candle on the Weekly which supports the probability that the next week candle will be going down D - If price stays below 1473, I will continue to look for sell set ups. 4Hr - There was a wick out of the support which hasn't been broken that might suggest the price...