This is an overview of whee we are looking to enter positions for the week we will get into actual trades based on specific analysis
I am posting this idea based on Monthly Fibonacci 61.8% Retracement and Previous Support and Resistance values i have made certain assumptions. Reasons For Entry 1. The Market is Bullish See Monthly Chart Posted Below 2. There is a major Pivot ( S - R ) Level @ 0.7300 See Monthly Chart Posted Below 3. The 38.2% Retracement of the Last Major Bullish Move See...
Please See Chart Bubble For Entry And Exit Stratergy
The position is Based on a Cypher Completion on 4 Hour Chart and also Structure Support. Please Review and Comment this is my first post on this site.
I have put together a basic plan so far i will publish updates as soon as i complete all my reasons for entry and contingency plan
This is setup based on My Bearish Sentiment I have Reviewed Top Down Analysis From Weekly/ Daily/ and 4 Hour Charts (the following are my reasons for entry) 1. weekly chart is in a down trend 2. Daily Chart is in a Downtrend upper limit of trend channel not broken by test is i posted on Thursday 3. 4 hour chart shows greater likely-hood to move down (as can...
The trade idea is based on Structure trading
Reason for Entry 1. Possible Cypher Pattern Completion 2. ( D ) Falls Within Period of Consolidation 3. ( X ) is Structure Support ( Brexit Low ) Trade Execution Place ( 2 ) Buy Limit @ 1.2940 ( Front Run My Orders 5 Pips ) Place ( 2 ) Stop Loss @ 1.2725 ( 113% Extension of A to X ) Place Take Profit # 1 @ 1.3135 ( 36.2% Retracement D to C ) ( Front Run My...
this idea will be based on reaction to News out today and reaction to it
I will be monitoring this pair over the next week most likely scenario based on news today is a reversal from top of SR zone i will be looking for a buy limit at bottom of zone next week i will not be trading this over the weekend And please monitor oil price ( heavily correlated to WTI ) Comments will be greatly appreciated
This is A possible Cypher or shark setup for long position Supported by Structural Support of Brexit Low please comment on idea