Ace3Trader

Ace3Trader

Hello traders... This is my trading idea for this for the current price action. The price might drop from this cluster of daily support level according to h1 rsi divergence and trendline break. Daily chart showing the price is near the ma50 which is acting as a ressistance

Ace3Trader

Gbpcad is on a daily support area... A trendline break happened in the h4 time frame with a divergence. Its a good setup for long swing trade for me. Wait for the price to come back in the area as shown on the chart and look for candlestick pattern for best price and good r:r ratio. Possible trend change here. Remember to always risk only 1-2% each trade

Ace3Trader

Hidden divergence + trendline h4 and daily + 4 bullish engulfing. Money management is the key. Always risk 1 or 2 % each trade

Ace3Trader

Weekly trendline is still not broken.. There is a possibility it will hold. Looking for uptrendline break in the h1 or h4 might be a good trigger to go short. Divergence is also there in h4.

Ace3Trader

Can we get a sharp turn around this very strong key level? Just wait for a break of structure in h4 and look for demand area to go long. Wait for hl and hh to be formed. Divergence is there in the daily timeframe. Taking the trade too early is like trying to catch a meteor falling from the space.

Ace3Trader

Hns forming at h1. With bearish engulfing on the right shoulder

Ace3Trader

Sideways.. trendline break Wait for the price to return to the demand area for a better price and good r:r Good luck

Ace3Trader

The price is at the level of the daily ressistance and near the 200 ma.. divergences (normal divergence and also hidden divergence) was formed in the h4. Waiting for the trendline to be broken for buying confirmation.

Ace3Trader

I will see how the h4 reacts on the entry short area.