Dottspa

Dottspa

Confluences: 1. Uptrend - in 4H timeframe 2. RBR and strong support zone - 1H timeframes 3. Bullish engulfing - 1H timeframe 4. At EMA50 zone- in 1H timeframe Reasons: 1. Market need to fill the imbalance structure before continuing going up 2. For a good profit, i want the market to retrace to at least 50% of fib level Side note: 1. Entry , Stoploss &...

Dottspa

My reasons: 1. Breakout of Trendline / support 2. RSI is at overbought level in 1H tf 3- Bearish daily 4. triple top in 4 H tf Execution plan: 1. Wait for the price to retest the resistance zone 2. Short only when there is a sell setup 3. Stoploss is above the swing high and trail 4. Take profit in partial

Dottspa

My thought on the yellow metal for next week is shown in the chart. However, trade only when the market gives a clear setup. If you have the same idea, please give me a like.

Dottspa

My reasons: 1. Head and shoulder pattern in 4H tf 2. Rejection at the Trendline, MA20 and 4H resistance 3. Double top in 1H tf Notes: I’ll close the trade before the PCE news

Dottspa Updated 

My reason: 1. EMA200 on Daily tf 2. RSI & SO at overbought level 3- AO shows divergence 4. Have not retest the breakout zone I am currently in this trade & have move my Stoploss to my entry level. Reminder: This is against the bull run so I might manually close the trade if necessary

Dottspa

My reason: Breakout of support (daily & Trendline) Execution plan: 1. Wait for a retracement in 1H tf 2. Entry only after a bearish candlestick has formed at the resistance zone (yellow rectangle) in 1 H tf or 15 mins LH LL structure 3. Stoploss above the previous 1H candlestick and trail it 4. Target is at the next major support

Dottspa Updated 

Reasons: 1. Head and shoulder in1H tf 2. 4H Market structure is in a downtrend 3- Broken of 1H trendline Reminder: 1. No setup no trade 2. No plan / strategy no trade 3. Take my idea as 1 of your confluences. (Because I’d do that too!) Have a profitable day.

Dottspa

I am long bias on JPYX for now due to the chart pattern. Even so, add this to your idea. Trade only after the market gives confirmation in the lower timeframe. Have a profitable day everyone!

Dottspa

My confluences: 1. Triple top formation in 4H / 1H tf 2. Possible fake breakout 3. The price is at Resistance level 4. RSI and Stoch Oc is at the overbought level in D1 tf 5. Awesome Osc is showing a divergence in D1/4H tf Execution plan: 1. My entry will be the first bearish 1H candlestick in the zone 2. Add more entry if market structure has formed HL LL in 1H...

Dottspa

From the naked chart, without fundamental, this is what I see now. Let’s see…

Dottspa Updated 

At least there are 4 confluences to support the idea: 1. The price is at an important support level 2. SO is at overbought level in 4H timeframe 3. RSI indicates a divergence in 4H timeframe 4. A harmonic pattern in 1H timeframes Buy only after 15 mins market structure is formed HH and LH

Dottspa Updated 

T3= 1.1409 T1 = 1.1230 T2 = 1.1300 Entry = 1.1152 SL = 1.1135

Dottspa Updated 

Waiting for the price to go to my SELL ZONE area to enter. My reasons: Break of structure in 1H LH in 1H will be formed to continue the downside Keynotes: 1. Trail the Stoploss 2. This idea is invalid if the price action is broken out the Resistance Zone.

Dottspa Updated 

My reason on sell bias: 1. Double top formation in 4H/1H tf 2, QM in 1H 3. JPYX is in a bull run 4. The pair is in a downtrend My execution plan (if the market is kind): 1. Wait for the price to retrace to the Sell zones or to the first bearish setup. 2. Stoploss above the previous 1H candle and trail it 3- Take partial profit in every 15/20 pips. Possible to go...

Dottspa Updated 

I am long because; 1. Price is at support levels, both trendline & D1/4H tf 2. JPYX is showing a sign of downwards retracent 3. Need to fill the imbalance area 4. AO shows divergence in 4H & 1H tf 5. Stoch Osc & RSI are at overbought level Execution plan: 1. Wait for HH and HL to form in 15 min / 1H tf. No trade if no setup. 2. Stoplaoss is below the 1H previous...

Dottspa

I’ll go short and my reasons: 1. Price is at daily & 4H resistance 2. JPYX is at support level 3. RSI & stoch osc is at overbought level in 4H & 1H timeframes 4. Awesome Osc shows a divergence 5. At this zone, recent history (4H) is showing a bearish engulfing Execution plan: 1. Sell only after price action in 15 minutes formed a HL and LL structure 2. My...