NATURE OF A TREND IS TO PROGRESSMy definition of a trend is when price is above both ma's for 30+ bars
When price fails to make a newer high within 20 bars I expect price to return to the ma's
As price faded and dropped below both ma's I was watching for Bearish patterns
As price created a break-hook-go pattern I entered short at the break of the beginning of pullback
BREAKHOOKGO
XRPUSD 4H RANGE TRADESCurrently Pair has been in a small range
Long Breakout Trade
Entry on 15m Bullish Break-Hook-Go pattern @ .3128
1st Buy Take Profit @ .31725
2nd Buy Take profit @ .32025
Short Breakout Trade
Entry on 15m Bearish Break-Hook-Go pattern @ .3050
1st Sell Take Profit @ .29815
2nd Sell Take Profit @ .2930
Find appropriate SL
BTCUSD DAY TRIANGLE BREAKOUT TRADESPrice is in a triangle chart pattern
Price can have a breakout on either side
Watch for your breakout entry on a 15m chart with a break-hook-go candle pattern
Long Trades
Resistance level Take Profits
3882 - 4083 - 4214.5 - 4384
Short Trade
Support Level Take Profit
3215
Find appropriate SL
USDCAD 4H SHORT TRADEPair has failed to make a new high
Watch for bearish breakout of lower trendline
Conservative entry will be support area breakout of 1.3065
More aggressive entry can be on a 15m chart break-hook-go of the 4H lower trendline
Sell Take Profit at 1.3035
SL above trendline
Watch Macd for direction
USDCAD 4H MA TRADESPrice can return back to 50 sma
Long Trade
There it can bounce off the 50 sma and move back up to the 100 sma
Buy Limit by 50 sma @ 1.3025
Buy Take Profit @ 1.3090
You determine SL
Short Trade
or price can close below 50 sma
Sell Stop entry on a 15m break-hook-go
1st Sell Take Profit @ 1.29675
2nd Sell Take Profit above 800 sma @ .2910
You determine SL
AUDNZD 4H OPEN TRADE-ABLE SPACE Bearish Continuation move on 4H has no consolidation to the left just 2 large body candles
Price should easly fall through that ope trade-able space
Watch 5m - break-hook-go completed - now just needs to breakout of support level
Take Profit towards bottom of blue box
What does a Break-Hook-Go look like.Break Hook Go is a candle pattern of several candles not just one candle. Here is what it looks like on this EURUSD trade. The bearish breakout did not complete the break-hook-go (B-H-G) and failed. The bullish breakout did have a B-H-G. There was a green breakout candle on the 15m chart. The second green candle had a bearish wick for the Hook (pullback) then it closed green for the Go. On the 5m you can see the separate candles that made that up the 15m B-H-G. 5m - Break green candle Hook red candle Go is a green continuation bullish candle.