Credit to @nmike who helped me for so many years. I decided to publish this chart as an education chart to keep my memory fresh as I worry that I might have lost it. If this chart is working for you, I will clap for you. This is my personal step by step rules. Info: 1. Check for Trix 3 column to move either above or below 50%. 2. Candle must reject from EMA5...
Divergence spotted. Still safe to go for short. Beware of slow EMA (up)
This interesting pair made my life rollercoaster back then. Looking at Daily, we can see a strong support all the way back. Even with the strong bearish body price action shown, we will still have to see whether the support line will be break. Weekly is promising for bearish, but I still hold my stand by waiting for opening.
It had closed with support hanging on with no direction yet - the inside bar fighting. 4hr clearly seen with lots of doji. Weekly ended with significant doji, but still with ascending triangle on monthly. Shall move away and monitor this pair until the opening next week. Daily did show the head and shoulder pattern. Will it break?
Waiting for the moment to break to go short. It seem that everything is still within the channel.
I had set this channel days before and it is currently well supported. Seem like I had missed out the good ride. I am on short and will ride all the way down till the reversal signal shown.
Still holding on to my short since yesterday. To get the most profit, I should taken it before I head to sleep. The retracement duration made me halt my trading for time being. My chart is similiar to Chuck as well.
Drawn the trendline to determine the rising wedges. And next with the parallel indication of the bearish outcome. It went out of my zone with the long bearish drop. Currently at the bottom of the trend line (shaded), will it burst through? I did not vest, but keeping an eye on it.
I will go for long once the candle sticks hit on my red trend line. If everything is intact, it will continue to bull as 4hr shown as bullish flag. Currently, candles in range bound in between the fibo.