Just want to bet for emerging head and shoulder pattern.
EURUSD Waiting for Pullback to Nearest Demand Zone in H4
Another game in 1 minute chart.
Whatever. I just want to short because I'm so bored.
- Wait until price reach out 1.142 to 1.144 to get low risk-reward ratio. - Before do the entry, keep on watch the price action at that level. - Make sure there are no significant flag at price range 1.135 to 1.142. - Use the minimum risk on cash that you can take.
We could see that AMD trying to fill the gap from Oct 25th, 2018.
EUR have a pressure because the FED have one more plan to increase the interest rate in the end of this year. If this move does happen, after that I don't have any prediction that correlate with USD until the clear news about the FED release the decision about interest rate. I believe other central bank who did increased the interest last weeks made a big bet...
- H4 reverse head and shoulders - H4 downtren resistant become support
In 4 hours candle chat, we can see prices approaching previous head and shoulders support became resistant.
There are 2 pinbars in D1 candle chart. The position of this pinbars near resistant area. In Asia Session I believe the price will goes up little bit. The strong move usually will come in cross London and New York session.
Yellow area are engulfed previous rally-base-rally area. To minimize the risk, wait the price retrace to closest resistant. Disclaimer: For all ideas I published in TradingView, mostly are my experiments to fine tunes my trading plan.
We could see the developing head and shoulders since yesterday at 2 hours chart. But for me, this developing head and shoulders have strong support indicated by long period rally-base-rally (blue area); Or at least for couples hours a head, the right shoulder will still developing.
CADJPY hit highest price since March and touch February flag limit that I believe will be become supply area. Disclaimer: I use paper trading
- Head of "potential head and shoulders pattern" hit the supply area. - Wait until prices hit the same level as left shoulders. - Find reversal pattern or price action. Disclaimer: I use paper trading.
4 hours chart - Resistant become support at 1.17042. - Potential to be next resistant at 1.18245. - Wait the price go to around 1.17042. - Find reversal price action or pattern at lower time frame (15 mins, 30 mins, or 1 hour). disclaimer: I use paper trading.
Yellow: engulfed supply and demand. Blue: fresh supply and demand. Trend is a friend. disclaimer: I use paper trading.
Found a pinbar at H1 after the price touch area that I perceive as "supply zone". Disclaimer: I use paper trading.