CONFLUENCES: 1 - Bounce of upper band 2 - Stochs Overbought 3 - Strong bearish candle tp1 &tp2 indicatd
Potential Long term low, Limit order placed at previous daily close. Confluences: 1. Bounce off Lower Band 2. Bullish Divergence 3. Bullish Price Action(Candles creating higher highs and higher closes)
Nice spike through the bands and close back within the range. TP1 at 1.5 RRR
Going short in anticipation of a downtrend
Price rejection follow through, MACD divergence confluence with a target of the previous support
Registered new momentum high and about to bounce back up!
Swing low formed on the daily chart, small ranges lead to large ranges and I predict this inside day will range expand to the upside!
This pair has been chopping for a while but it's time to try to play another breakout to the downside. Remember do not need a high win rate for trend trading; every trend begins with a breakout.
Long, looking to catch a longer term trend, stop placement and first scaling shown.
Most of my trades or similar in that I take initial scaling at profit target and hold for a longer-term move. This included low volume in the markets but I'm hoping to catch a good move to the downside.
Stop and first target for scaling set in hopes of holding for a longer term price move downtrend. This is a position trade so I have the expectation of holding this trade many weeks/months hence the wide stop.
Trend reversal Confluence factors: Fib extension, Structure broken, RSI Divergence