4H Analysis Long Term - Price moving on a Descending Channel Short Term - Price moving on a Mini Ascending Channel Price struggling to create a new high inside Mini Ascending Channel. Per history, this is bound to go down. Entry Detail: SL: Set outside the Mini Ascending Channel Resistance Zone to allow the price to fluctuate. TP: 2R - Just before previous...
STRATEGY: S&R Trading Strategy (1247) Analysis 1D: Price still moving inside a well-defined range 1H: Looking at 1H TF, a Hammer was created and it was followed by Bullish Engulfing which act as our ETs See previous post for more details: Action Item(s) - Scale-in as necessary Note: This post is for my personal journal/personal opinion only. Please trade at...
STRATEGY: Support & Resistance Trading Strategy DETAILS Analysis TF: 4H/1D Focus TF: 1H SL: Just above Bearish Engulfing (0.5ATRC on 1H TF) AOV: Resistance Zone 1D Analysis MC: Sideways - Price bouncing inside Horizontal Support and Resistance 4H Analysis Price struggles to create a new High, forming a Bearish Engulfing (not yet closed - but it is a...
STRATEGY: S&R Trading Strategy ID: 1209 Analysis TF: 1D Focus TF: 1H AOV: Minor Resistance Area ET (1H): Bearish Engulfing CP: Ascending Channel 1D Analysis MS: Sideways - Price is moving in a range 1H Analysis: CP: Ascending Channel - Price is moving inside the Ascending Channel. However, price failed to break above minor resistance of...
STRATEGY: Chart Patter/S&R Strategy (Ascending and Descending Channel) Focus TF: 4H TP Target: 2.04R ET: 1H - Abandoned Baby; Bullish Engulfing AOV: Ascending and Descending Channels' Support Zone (Confluence) 1D Analysis: Long Term - Price moving inside a large Ascending Channel. Short Term - Inside Ascending Channel, there's a Descending Channel and the...
STRATEGY: NZDCAD Ascending Channel Counter-Trend Strategy DETAILS Long Term Trend Time Frame: 1D/4H Focus Time Frame: 4H Entry Time Frame: 1H Market Condition Long Term: Downtrend (based on 1D TF/200EMA) Short Term: Uptrend/Consolidation (based ion 1D TF/10EMA and 50EMA) inside Ascending Channel CHART PATTERN: Ascending Channel Area of Value (AOV)...
STRATEGY: False Breakout Strategy/Counter-Trend Long Term Trend Time Frame: 1D/4H Focus Time Frame: 1H Market Condition 1D: Short Term: Downtrend (based on 100ema) Long Term: Sideways Market Condition 1H: Short Term: Sideways Long Term: Uptrend (based on 100ema) Area of Value (AOV) Resistance: 1.32915 - 1.33813 Support: 1.31118-1.30205 Entry...
ANALYSIS 1D: 1D Time Frame showing Downtrend. Price is approaching 50/83/100EMA which could be a potential dynamic resistance. 4H: Looking at 4H Chart it is currently on sideways approaching minor resistance. Action Items If price broke above minor resistance, wait for pullback then go LONG, targeting at least 1.32822. If the price bounced or...
STRATEGY: Support and Resistance - Short Term Reversal Strategy Long Term Trend Time Frame: 1D/4H Focus Time Frame: 4H Market Condition 1D Short Term: Sideways 1D Long Term: Uptrend Area of Value (AOV) Resistance: 1.2953 - 1.28901 Support: 1.24809 - 1.23807 Entry Trigger 4H: Price Rejection / Inside Bar Entry Price (EP): 1.27482 Stop...
STRATEGY: 100EMA Pullback Strategy Focus Time Frame: 1H Long Term Trend Time Frame: 1D/4H Market Condition: Long Term: Ranging Short Term Downtrend Area of Value (AOV): 83/100/120EMA : 1.46137 - 1.46065 Entry Trigger (1H): Inside Bar (Low volatility/good RRR) Entry Price (EP): 1.45919 Stop Loss (SL): 1.46164 Take Profit (TP): 1.45183 (3R) Analysis: This...
STRATEGY: 10-83/100EMA X-Over Focus Time Frame: 4H Long Term Trend Time Frame: 1D/4H Market Condition: Ranging Area of Value (AOV): 50EMA Entry Trigger: Bearish Engulfing Entry Price (EP): 1.09830 Stop Loss (SL): 1.10305 Take Profit (TP): 1.08422 (2.96R) Analysis On October 18, 2019 at 4:00 AM, price found support at 50EMA. Price continued to go up but...
STRATEGY: Support/Resistance Trading Strategy Focus Time Frame: 1H Long Term Trend Time Frame: 1D/4H Market Condition: Ranging Area of Value (AOV): Resistance (Price at Resistance Zone) 1.47387 - 1.46936 Entry Trigger: 1H: Bearish Pin Bar 4H: Bearish Engulfing Entry Price (EP): 1.46725 Stop Loss (SL): 1.47432 Take Profit (TP): 1.44753 (2.79R) ...
I shorted this Market due to the following reasons: Price is currently inside a Big Ascending Channel Inside it, it formed recently a Mini Ascending Channel which is a sign of reversal. Other reasons why I shorted this market: - STRONG MOMENTUM followed by STRONG PRICE REJECTION (a Sign Of Reversal as what I've noticed during backtesting) - Price broke below...