HH
EURCAD LONG TRADEMy long trade, price broke out of my purple zone
and also its on its way to making new highs.
1.556 TP
1.51045 SL
LH LL NOTICE HOW MARKET CLOSED UNDER PREVIOUS HH,HL . HH,HL REPRESENTED BY THE RED AND GREEN FOR LH,LL . MAKET STILL UNDER 50EMA. LOOKING FOR MARKET TO TEST 4H SUPPORT AND BREAK TOWARD DAILY SUPP . LOOKING TO TP@1.618FIB
AUD/USD Short @ .77Throughout 2016, Aud/Usd always trends HH & HL just before hitting the .77 mark then we see a crash to the downside. Early 2017 its repeating the pattern, creating HH & HL, we could see a big move to the downside in the next few months to come
LOOKING FOR PA ON THAT LEVEL MY VIEW:
STRONG SUPPLY LEVEL
HH, HL TREND CONTINUATION FORMTION
0.618 FIB % RETRACEMENT
DAILY CHANNEL
STRONG MACD DIVERGENCE
RSI ON OVERBOUGHT SIDE
PRICE ACTION / TREND FOLLOWING VOLUME #1PRICE ACTION TRADING.
FIRST STEP
Draw the channel. And check how the price moving.
HL- Higher low
HH-Higher high
LL-Lower low
LH-Lower high
STEP TWO
Draw the support and resistance lines.
PRACTICE,PRACTICE,PRACTICE AND PRACTICE
Weekly nice RR alert. 1.Daily MACD hidden divergence and zoomed to H4 MACD hidden divergence.
2. HH, HL formation.
3. RSI is Overbought.
4. 50% Fibonacci Retracement.
5. Strong daily resistance zone.
EURUSD Head and Shoulders Patterns 240 ChartPotential set-up for head and shoulders pattern. Buying the right shoulder.
