Guide band range set to = 4 on the weekly chart. LVDT levels changed from "LINE" to "Area" and colors adjusted accordingly for those levels. Price needs to stay within the green band shown. If price moves to the upper bound within the green band, it is more likely to come down. If price move to the lower bound within the green band, it is more likely to rebound...
We have the following factors: Possible H&S pattern at monthly resistance (pink horizontal line) Daily Divergence Daily uptrend breakout (orange diagonal) If all the above are met we have 2 possible entries: 1. If price pullback in between 61.8 and 38.2 Fib levels (orange rectangle with red borderline) + a Good PA confirmation -Pin bar(s) or bearish...
Bearish momentum to continue even further, 20 EMA on H4 acting as a dynamic resistance for this pair. We can see it bounce off both the trend line and EMA with a pinbar rejection candlestick.
Weekly Resistance Ascending Triangle Triple Top WAIT FOR..... Clear breakout of ascending triangle + Trendline + Clear PA confirmation! ....otherwise I wouldn't advice taking this trade! Adjust the SL and TP accordingly when you get a clear entry. All comments are welcome and appreciated Peace!
H&S pattern formation + Divergence + Daily Ressistance (orange rectangle) + Rising Wedge. 2 Possible entries (manage your risk accordingly). - 1. @ Rising Wedge breakout - 2. @ Pullback after breakout of rising wedge. We can go for a quick 1:1 or 1:2, or if you are more aggressive you may trail your SL and set to BE after 1:1. Adjust your SL after...
Weekly resistance (pink rectangle with red borderline) + Ascending triangle + Divergence Only if price breakouts from ascending triangle with a clear price action confirmation and any additional confluence such as Fib, EMA's or S/R levels, I will take this trade. Adjust your SL and entry accordingly to your own risk and strategy. All comments are...
Waiting for clear breakout of H4 Trendline (Green diagonal line) and also clear breakout from weekly support (pink horizontal line) + Clear PA confirmation/reaction before entering this trade. If not, then I won't take this trade! .....So far we only have a small divergence but no clear reversal confirmation/pattern. BEWARE!... the beast might get out! 2 possible...