JPN225 D1 Breakout of Range - Bullish move
- Trending - clear trend upwards on daily chart.
- Support level - breakout after consolidation of the 38,975 level.
- Signal - Pin bar reversal followed by breakout bar.
XAGUSD D1 Continuation play with these confluence factors:
- Trending: Silver (Gold and other precious metals) trending up
- Support level: Consolidating around the $35 level
- Signal: Two bullish pin bars
1. Break ok downtrend structure
2. Crossover 10 & 20 EMA
3. Pinbar price action on 22/4/24
Purchased at 0.24, 2c less than last traded price day before.
ATR SL (14,5) in place.
1. Double top all time resistance high
2. Daily Break of Structure (BOS)
3. H4 50 & 100 EMA Crossover potential (i.e. turning down)
4. Price action retest of EMAs crossover
1. Daily Break of Structure (BOS)
2. 50 & 100 EMA Cross down on H4 and PA retest of EMAs
3. Retest of BOS
4. Trendline Break and Retest at H4 EMA Crossover
Keeping it simple - Tehnical analysis
First AB=CD pattern come to fruition and hit target.
Next Buy zone approximately 1440 level with role reversal when resistance now become support.
Looking at a take profit of 2800. Based on BTC doubling from previous highs set in 2018.
Stop approx 1250.
