These are 3 setups that can be taken when price reaches the entry positions. Requirements: -Break and retest. -Momentum -Confirmation Candles.
SETUP: Price is at the top of the Ascending channel. Forming H&S Pattern. 61.8% fib retracement. Entry 1- Retest after support is broken. Entry 2- Pulls up forming H&S. SL 1: 1.740. SL 2: 1.750. TP 1: 1.723. TP 2: 1.705. Note: SL is 1% of account size.
SETUP: Support, Trendline (bottom of the daily ascending channel) and Price is at the bottom of the descending channel. Entry: Looking to enter within the circled area. That is only my estimated entry position based. Price action needs to confirm entry. Minor retracement on a smaller framer would be ideal. SL: Possibly less than 25 pips depending on where the...
Currently I am waiting for gold to give some confirmation as to if it will continue bullish or turn against daily resistance and head south. Gold currently has daily bulls momentum, If price breaks to the upside I will be waiting for a pullback for entry. Gold is also creating lower highs on the 4hr, if price breaks under the light grey box I will enter after it...
SETUP: Ascending Trendline. ENTRY: Break and retest off the above resistance. SL: 1% of account. TP 1: 0.727. TP 2: 0.73. Note: AU looks like it is ready to turn over, price has reached support on higher frames and started consolidating. Recently creating higher lows. If price breaks above the current black resistance I'm looking for price to reach the TP listed above.
BUY SETUP: Double bottom on 4 hour chart. EMA cross on 15min chart. ENTRY: Minor pullback on smaller frame(15min, 30min). SL: 1% of account size. TP 1: 1.563 area. TP 2: Top of the Channel (Red supply zone).
With a big push down the past 5 weeks, Brent Crude currently shows no sign of slowing down. I am however expecting some pull backs if it goes on to break the current demand zone of 62. If price continues down ill be waiting for a pullback to the 62 level and entering on signs of bearish continuation on the smaller frames. A nice bear target will be the 56...
BUY SETUP: SETUP: Break up and retest. ENTRY: Bull confirm candle. SL: 10-20 pips(1% of account). TP: Red Lines. SELL SETUPS: SETUP: Sell Resistance. ENTRY 1: Now. ENTRY 2: Bear confirm at resistance. ENTRY 3: Break and retest of minor support(red arrow). SL: 10-30 pips(1% of account). TP: Red lines.
SELL SETUP: SETUP: Break down and retest up. 3 stronger bear candles. ENTRY: Now or bear confirm candle(Use smaller frames).. SL: 55 pips (1% of acc). TP: Red lines. BUY SETUP: SETUP: Break of resistance. ENTRY: Now or bull confirm candle(Use smaller frames). SL: 55 pips (1% of acc). TP: 1.71(Upper trendline). Note: Price will determine which setup is taken....
CURRENT SETUP: SETUP: Uptrend, Support. ENTRY: Now or bull confirm candle(smaller frames). SL: 11 pips (1% of account). TP:Upper Green Circle. BUY SETUP: SETUP: Buy the break and retest of the above black line. ENTRY: Bull confirm candle. SL: 5-15 pips(1% of account). TP: Red Line. SELL SETUP: SETUP: Break and retest of the bottom black line. ENTRY:...
BUY SETUP: SETUP: Break and retest, support. ENTRY: Now or break and retest of first upper red line. SL: 20 pip max. TP: Redlines SELL SETUP: SETUP: Break and Retest down. ENTRY: Bear confirm on the retest of the break downward. SL: 20 pip max. TP: Red lines. Note: Price will determine which setups are taken.
SELL SETUP: SETUP: Double Top, Resistance, Trendline. ENTRY: Now or after a double top on the 1hr print. SL: 40 pips max (1% of account) TP: Red lines. Note: May see a spike to the top to hit the trendline and resistance. BUY SETUP: SETUP: Break and retest of Daily resistance. ENTRY: Bull confirm on the break and retest on the smaller frames 30 min or 1hr. SL:...
BUY SETUP: SETUP: Flag formation, Support, Right Shoulder. ENTRY: Now or at the break and retest of H&S Neckline(4hr chart). SL: 30 pip max (1% of account). TP: Redlines. SELL SETUP: SETUP: Break and Retest support. ENTRY: Bear confirm candle on the break and retest. SL: 30pip max (1% of account). TP: Redline.
BUY SETUP: SETUP: Break and retest resistance and trendline. ENTRY: Bull confirm candle on the minor break and retest. SL: 5-15 pips. TP: Red lines. SELL SETUP: SETUP: 4hr break and retest to current resistance. ENTRY: Bear confirmation candle on smaller time frames. SL: 5-15pips. TP: 0.7145 area(38% fib retracement). Note: Pendings may be set for these...
SELL SETUP 1: Break and retest of the first black support line and trendline . ENTRY: Time frame smaller than 4hr chart. Bear bull candle. SL: 5-20 pips above entry. TP: Red lines. SELL SETUP 2: Resistance, Trendline , Ascending Wedge . ENTRY: Bear confirm candle. Break of wedge , and retest are extra confirms. SL: 10-20 pips above entry. TP: Red lines....
SETUP 1: Support and trendline. ENTRY: Buy bull confirm candle. SL: 10-20 pips. TP: 0.719. SETUP 2: Sell the break and retest of the bottom trendline. ENTRY: Bear candle on the retest. SL: 5-15pips. TP 1: 0.706. TP 2: 0.7. Note: I am looking for these setups potentially today or next week.
SETUP 1: Sell Resistance. ENTRY: Bear confirm candles. Less aggressive entry-Sell the retest on the break of support and trendline. SL: 1.7008. TP 1: 1.6955. TP 2: 1.6874. SETUP 2: Break and retest. ENTRY: Bull confirmation on the retest of the grey resistance. SL: 5-15pips. TP 1: 1.709. Note: Will be waiting for price action to confirm which trade is entered.
SETUP: Double Bottom, Support, Harmonic Pattern. ENTRY: Bullish Confirmation candles. SL: 5-20pips below Entry. TP 1: 0.728. TP 2: 0.736.