kennyspence

kennyspence

price has been obeying our WRTL for the past few weeks After a break in the Rsl, it then retested that zone and now aiming for a possible WRTL RZ slightly above the R zone. Price currently at a WRTL PEP, we look at price reaction at that zone and join the train to the R zone WRTL et God Grace

kennyspence

after a successfull WRTL trading month(s) on EURGBP I update my satalite on this pair price currently got rejected at our WRTL POI giving us a direct PEP, although i wait for the Prelim GDP q/q FA coming up by 7pm GMT +1 later today (Aug 12) with a good price action and maybe a bullish FA backing we ride to a retest of S1 zone before making another decision...

kennyspence

with price initially rejecting at the Rsl we see price moved to our WRTL POI if there is a break of descending triangle (formed by the POI n Rsl) and a significant retest (optional) we look to short this pair

kennyspence

With the outcome of last NFP we saw the strengthen of USD and coming to our TA we saw how swiftly price had moved from our WRTL RZ i will look forward to price retracing to gather strength to get to the 110.40 price zone (WRTL BOS/POI) With a confirmed bullish candlestick i look to long the pair Entry: 110.13 Tp1: 110.40 Tp2: 111.00 Tp3: 111.60 sl: 109.60 Use...

kennyspence

after a massive rejection at the expected WRTL RZ we look to go long to the next POI FINGER CROSSED WRTL et God Grace

kennyspence

Yet another rejection from the top eyes on the next Candlestick on a lower tf Lets Go Letscalp Bears Way

kennyspence

Price is currently struggling at the POI..... We wait have a wonderful trade week ahead

kennyspence

After the draw down of price price got rejected at the WRTL RZ this shows the bulls strength at that zone could this be the sign that the bulls are back but we can guarantee a bulls takeover if the WRTL BOS is broken this move can confirm the intraday buyers are back if there is no FA affecting the pairs finger crossed have a wonderful trade week

kennyspence

Price currently on the WRTL POI AND BOS after price got rejected in the previous highest high yet again.... MISSING OUT AT THE EDGE IS NO PROBLEM, AS PRICE IS CURRENTLY IN A PEP. WRTL WONDERS N GOD GRACE

kennyspence

Double Top formed on H4 which might be making it way to the S1 zone giving room for a scalping quick sell, the most interesting part of this zone is if an intraday trader can either go long to retest the neckline of the double top formed or go short to continue with the bears depending on the price action at the poi coinciding with S1 it also give a WRTL PEP........

kennyspence Updated 

Actually I would prefer to short the pair so as to go with the momentum of the trend but that does not stop us from taking what we can as the bulls flex their power having a lot of confluence to short the pair the WRTL BOS coinciding with the Ssl and a POI giving a PEP finger crossed if price get to that zone or break past that zone

kennyspence

An inverted HnS structure is visible on a H4 time zone coinciding with an Ascending Triangle also at this time zone giving a strong POI to go with the bulls all depending on the successful retest of the neckline/ascending triangle have a pipful trade

kennyspence

Let's keep this as simple as possible we will be looking to trade an Ascending Triangle Breakout If the retest is successful and with a good bullish price action we long this pair and watch closely at the highlighted region above to either continue riding or move with the pairs Either Way We Move letscalp

kennyspence

i expect price to push up to the WRTL RZ above the R zone with a good price action i expect the bears to take over all the way down finger crossed

kennyspence

After a strong bullish movement we expect price to atleast retrace 10-30% that will giving us an alert on the S1 coinciding with the POI giving us a PEP price reaction at that zone will then decide if we are for the bulls or bears as I see no fundamental backing on both pairs, so we go all technical hint: never chase a trade, Have a kill zone and let price come...

kennyspence

price have broken out of the Ssl after getting to the S1 then went ahead to retest the Ssl zone rejecting at the WRTL BOS/POI with a bearish price action. Since this is a swing trade at lower tf we may have an intraday retest of that zone (WRTL BOS/POI) or price swing low and the next obstacle for the bears will be the S1 zone then the WRTL RZ then S2 zone...

kennyspence

WITH THE IDEA OF CHART PATTERN (HEAD AND SHOULDER) GIVES YOU HINT ABOUT AN INCOMING SELLING FORCE EYES ON THE NECKLINE IF ITS RETESTED SUCCESSFULLY WE CAN KEY IN AND SHORT THE PAIR HAVE A PIPFUL TRADE

kennyspence

WHY WILL I LOOK TO BUY THIS PAIR IT IS SIMPLE THE TREND IS YOUR FRIEND AND PRICE IS CURRENTLY AT THE POI THAT COINCIDES WITH POI GIVING A PEP IF PRICE BREAKS THE PREVIOUS WRTL BOS I EXCPECT PRICE TO GO ALL THE WAY UP TO WRTL RZ OR WAIT FOR PRICE AT THE OTHER END OF THE RZ OR S2 ZONE THEN RIDE ALL THE WAY UP