The trend has changed. We are going down. Using simple OTE levels, you can find short positions. My confluences for this trade. - bearish trend in the H4 timeframe - H4 OTE - Psychological level 1.77500 - Above the weekly open - it just formed a double top. Remember guys, use proper risk management. No trade is a sure trade. Good luck
Confluences - overall trend in daily tf is bullish 🐂 - previous resistance turned support level - bullish engulfing candlestick pattern in the h4 tf - we can also say, 3rd touch on the trend line because that's not a proper break Apply proper risk management and risk wisely to trade another day. If you found this helpful. Let me know so that I'll continue...
I should have posted this signal earlier but I was waiting for this. My confluences - Overall trend is bullish - major support zone - Double bottom at that zone which indicates a reversal - psychological level (2300) sweet point - bullish engulfing pattern at that same level. Buy Use proper risk management, if you have less than 500$ in your account, don't...
It's at a prime level with multiple confluences - Main trend bullish - Bullish engulfing in the H4 - Psychological level Buy and trade wisely Use proper risk management Good luck
Why? - Overall trend is bullish - bullish engulfing candlestick in the daily timeframe - it came back and retested that support zone which turns out to be a psychological level I suspect it's going to break the next level. If you enter this trade today, be ready to hold it till next week Trade wisely. Use proper risk management. Good luck
Why? - downtrend confirmed overall - there's a clear gap which will be retested - wait for the retest close to the major zone - probably also wait for a bearish engulfing candlestick pattern Trade wisely Use proper risk management Good luck 🍀
Why? - Overall trend is bullish - previous support zone - major support zone - It got to that level and formed a double bottom - That downtrend will be broken 💔 Buy and place your sl below the support zone. Trade wisely. Don't use this analysis if you have less than $500 in your account. With 0.01 lots, you'll be risking $50. Good luck
3rd touch on the daily timeframe. Bullish engulfing candlestick on the daily timeframe Touched a psychological level and found support
As you can see, it has broken the H4 uptrend as well as a nice key psychological level. It retested that level with a double top pattern and a bearish engulfing candlestick. All indicating another impulsive move down.
Why? Check the daily timeframe, price broke the trendline and has found resistance below a previous support zone. It form a bearish engulfing pattern below that level and trendline. I entered first but I didn't place my stop-loss properly. Got stopped out from the first trade. I've entered again risking less of course Let's see how it goes
Guys what do you think about this trade. It has broken the daily trendline and formed a bearish engulfing candle in the daily timeframe. I think it's still going to push down
If you check the daily timeframe you'll see that there was a break of structure forming a new higher high and in the pullback a bullish engulfing pattern was formed. Scaling down to the H4 timeframe we got a trend line break and a nice bullish engulfing pattern was used as the retest. Now that level is our new support and it is currently retesting it and about to...
In the daily timeframe we got a 3rd touch on our downtrend which was a bearish engulfing pattern. The daily timeframe has power and it shows that the momentum is down. So it would be a very good time to sell
It has retested the resistance level multiple times and is more likely to go bullish.
It has made a double bottom formation at the H4 and might likely start a new uptrend.
This is the Quasimodo strategy. It made a higher high from last week's breakout, followed by a lower low. Now it's going up to retest the initial high. I'd be expecting a bearish engulfing candle there to enter. Please use proper risk management. Survival is key. Good luck
The market has broken a previous support zone giving us the signal of a potential downtrend. It might go in line with the news. Trade safe though. Good luck