trend change to a previous high . 4h moving average is above and all other moving averages in lower timeframes are below price showing upward momentum
break and retest and alligns with higher timeframe biase for a pull back trade
Yesterday i was in a Buy trade on GBPUSD and had my stops in profit and the price came back to hit my stops. My bias was still up and i knew a good place to put my buy limit orders but did not do it because i had a losing streak last week and wanted to keep my profits for the day. fast forward one day and price moved all the way up in a smooth trend. This is my...
Broke above the resistance and retested back so i got into it at a buy limit order placed on the resistance and price came back down and triggered me at the ideal price. Was in slight loss at the start but ended up going into profit and closing half of my position at a 1:1 risk to reward. moved my stop into profit and my next target is either a 1:2 or 1:3 risk to...
price respected moving average plus fib golden levels respected uptrend
price above 200 moving average fib retracement golden levels touched and respected uptrend on 1Hr and 15min
- uptrend on daily and 4h - break and retest of support on 4h - price above 200MA
- Resistance and trendline respected on 1H - strong bullish candle with wick on trendline and resistance on 4H - anticipating push to the downside - aggresive entry
- Daily Resistance respected - Daily Trendline broke - Daily Trendline Retest - Potential 2RR trade - 5% risk on trade .02 lots
Why get in to the trade? - respected daily resistance - broke trend line - retested daily resistance - 1RR
respected weekly trendline and moved upwards broke a support and retested targets are at daily trendline