In Japanese, Heiken Ashi means “Average Bar” and it represents the average-pace of prices. The Heiken Ashi candlestick chart can help you to spot both trading periods and ranging periods that you should avoid. There are two primary trade signals that we can identify through the Heiken Ashi candlestick: 1- Bullish candlesticks with no wicks or very small wicks...
EFC INDICATOR Shows open buy/sell signals Shows close buy/sell signals for exit take profits Shows Stop Loss PM me if you are interested in reading about the EFC Indicator
GBPAUD is in a Day range pattern Price is at the bottom of the range and also at a long term sup/res level Price can bounce off range bottom or breakout and continue the trend Day Breakout trade - Sell Stop @ 1.7520 Take Profit @ 1.7420 Watch Macd to cross below Red signal line - close trade if Macd crosses above Red signal line again 4H Reversal Trade 1st Buy...
Wait for price to rise to C If Bullish trend fails at C Trade Bearish pullback to D Target D 1 - 1.3508 Target D 2 - 1.3498 Target D 3 - 1.3476 Bullish reversal at D Take Profit at 1.3550
Which trade will be determined by the market timing Long Trade - 5 candle reversal fractal breakout Take profit previous resistance level Short Trade - Flag bearish continuation Take Profit determined measured pole distance
This is a 30 minute chart for illustration purposes. I've been referring to 4 hr and 1 day charts until now. BTC just bounced at the intersection of the descending wedge and the lower line of the larger price triangle as I had outlined in the last email This is a very hopeful sign for an end to the current down leg. Looks like the shorts lost their shorts in...
Take a short scenic route to some profits. Why a long trade? Higher lows developed. Price has been away from the 50 sma for awhile. Macd has crossed above the red signal line. Watch pullback back to between 38.2% and 61.8% fibs then long. Take Profit at the 50 sma. Confluence with 127.2% fib line. Tell us how you would trade this pair!
EFC Trading Strategy is a reversal trading strategy For more information on EFC leave a comment below Visit our website
I anticipate a pullback to start when I see some higher time frames create lower lows and lower highs as I watch the retracement with fib levels. Then I am watching for strong bullish reversal continuation patterns doing the same.
Another Pumb and Run reversal top formation, look how massive is the break out after the retest
Hi . Read the description in the chart. At first i look for the 152 for the TP. but today it shows us the volatile candle.
Reasons for -Firstly on the four hour we are in a area of congestion and sideways -We are making lower high -we have bounced of major long term trend line on the four hour with a Bearish candle -Previous candle was a doji -Also we created a corrective structure to the upside and we have broken it -So we are ready for the next impulse move to the downside -Not...
Reasons for -We have broken our 4 Hour trend line to the downside -Therefore we have broken structure and i 100% believe that after the break we are headed down -We are going to get a impulse wave and this is a strong setup - after all the long term trend is bearish ! Yes weve had two small losses but we are going to make it back on this one ;) Also this is...
Reasons for On the 4 Hour -We have been bearish since the trend line putting in nice big bearish candles -We have broken our counter trend line -We also have nice long wicks on the upside -This shows me there is more selling pressure On the daily -Firstly this is a long term trade -We can see price is down trending on the lower time frames Always go with...
Using bearish divergence to build a case for reversal trading on USD/CAD with the following favouring a potential short scenario: - resistance (3rd touch) at ~1.2800 - bearish high test close below resistance - price reaches and closes below 1.272 Fibonacci extension level - Stochastic and RSI bearish divergence entry - below low of high test stop loss -...