sam3five

sam3five

THE PRICE IS RETESTING A PREVIOUS RESISTANCE LEVEL AND THE PRICE HAS BEEN IN CONSTANT FALL.IT WILL FALL TO THE NEXT SUPPORT LEVEL AND MOST PROBABLY BREAK IT

sam3five

TAKE THE 25 PIPS.GO LONG

sam3five

ITS RETESTING ITS PREVIOUS SUPPORT WHICH IS ITS CURRENT RESISTANCE

sam3five

IM ANTICIPATING FOR A SHORT POSITION AFTER CONFIRMATION

sam3five

WE CAN SEE THE AREA HAS A VERY STRONG RESISTANCE LOOK FOR A SELL POSITION

sam3five

GO SHORT

sam3five

THE CHART SHOWS A TREND IN WHICH LOWER LOWS AND LOWER HIGHS ARE BEING FORMED.I SUPPOSETHIS IS THE PERFECT POINT TO GET INTO THE TRADE WHEN THE MARKETS REOPEN.YOU CAN GO TO A 30 MINUTE CHART AND THERE YOULL FIND A PERFECT ENTRY POINT.IF YOU WANT ME TO DO IT FOR YOU GUYS JUST COMMENT BELOW.

sam3five

ON THE 4H TIMEFRAME WE CAN SEE THE TREND MAKING LOWER LOWS AND LOWER HIGH THEREFORE INDICATING A DOWN TREND.WE CAN NOW ENTER THE TRADE AT THIS TIME SINCE IT IS RETESTING AND IT HAS REJECTED THE PREVIOUS RESISTANCE.IM THINKING THE TREND WILL CONTINUE TILL IT REACHES ITS NEXT SUPPORT

sam3five

AFTER CONFIRMING AN UPTREND AND CLOSING ABOVE THE PREVIOUS LOW AND FROM THE THE CANDLESTICK ANALYSIS INDICATING THE BREAKING OF THE PREVIOUS RESISTANCE PRICE IS MOVING TOWARDS ITS NEXT RESISTANCE LEVEL

sam3five

ONCE A CANDLE STICK CLOSES BELOW THE TREND LINE I HAVE DRAWN THEN DEFINATELY GO SHORT TILL IT HITS THE NEXT SUPPORT LEVEL

sam3five

IN HIGHER TIMEFRAMES IT SIGNALS A DOWNTREND.I JUST LOOKED FOR A PERFECT ENTRY POINT AND IT WILL DECEND TO TILL THE NEXT MAJOR SUPPORT

sam3five

AFTER REACHING A STRONG RESISTANCE LEVEL AND BREAKING AN UPTREND THE NEW TREND SEEMS TO BE A DOWN TREND SINCE IT IF FORMING LOWER HIGHS AND LOWER LOWS

sam3five

WE NOTICE THE FORMATION OF A DOUBLE TOP SIGNALING A REVERSAL.THE NECKLINE HAS BROKEN AND HAS ALREADY RETESTED THEREFORE WE GO SHORT OANDA:EURJPY