Sell after breakout and retest of the previous structure. Looking for possible entry or candlestick patterns.
WHY THIS TRADE ?
TP is monthly retracement level.
You must thank to TRANSPARENT-FX who provide very much information about this.
I already placed sell order because i am looking for possible sell opportunity in day candle closing.
Now we got Evening Star pattern with perfect structure and retracement level.
Please apply your analysis before and apply risk management.
This setup can be failed at any time so please be careful. I took this trade due to my overconfidence only.
Please guys do not take any in this setup.
This is a genius money concept setup. I draw this setup for educational purpose and i want to make sure the YouTuber everything is presidential is right about what he doing. I just support him for his real teachings.
You may ask so why i have to publish the setup.
because some people who don't know about the Forex...
Why to take trade ?
Possible head and shoulder pattern
Price break the trend line and will come back for retest.
Open trade if you see price rejection and reversal candle pattern at right shoulder or resistance. Please note the 1st resistance which strong right now if you see rejections and possible reversal pattern go for a short. Please do you...
possible Head and Shoulder pattern at H4. Also price is already touch the Day resistance and falling.
You have 2 entries.
1. You can place your order at supply zone after possible reversal candle stick.
2. You can place order after demand zone breakout.
Please apply risk management. Always make double confirmation before placing trade. It is better to have a...
Why i plan to take the trade ?
1. Head and Shoulder pattern
2. Price break the current trend line
3. Rejection at both trend line + supply and demand zone
Note: Please wait for the rejection and bearish movements, Also please wait for the expert opinion ( look at comments please ).
If it is correct head and shoulder as i see we can get some big movements. But...
Thanks to ( GWBFX ). After look at his GBP/AUD chart setup i copied his setup and added more confirmation.
1. Double bottom at H4
2. Bullish Divergence at H4
If we get divergence in H4 GBP pair we can easily get 200 pips but i don't recommend you to open the trade now, as GWBFX said wait for the breakout and let the market retest the newly broken resistance...
