this is a sell signal short either when the crossover happens or later when price close below main anchor opening price
i see a clear break and it's finished the lower high and is now heading to form a lower low and make a downn trend
teh chart speaks for it's self. i'm only saying that because idk what the hell is going on in this chart but i'm buying after that retracement
i'll wait for 2 daily candle closes what i want is for the current candle to be either a shooting star or a gravestone doji and the second i want it to be a normal red candle which proves bears controlled the market until the close of the candle< once i get those 2 i'll sell and wait to move my sl to breakeven and ride a bear all the way to my target 800 pips. now...
i'm expereminting with new strategy let's see how things play out
the red trendline is 29 degrees the orange is 59 they're both on degree from qualifying as a bump and run strategy i'll wait and see if there's a negative crossover between the 50 sma and 20 ema. then and only then i'll check rsi,mfi,etc then enter with a target at 113.53
the cup and handle neckline's been broken and its target is all the way up out of the channel so if break occurs i will wait for a retrace to the channel or what ever fib level i get and place my sp 5-10 pips away from there and unless something changes while we're going up my target is gonna be the 6th wave from the blue wolfe wave.
first i'd like to say that we're currently in a kickass channel, secondly I've spotted 2 wolfe waves in the beginning of the channel one in blue and the other in green i personally favor the green one because we spent a lot of time in the channel and also because there's a void that hasn't been closed yet so let's wait til channel is broken and if it is truly...
i'm pretty positve that this mofo gonna fail
gonna enter once channel is broken to the upside tp obvious sl deciding later
waiting for downside break to sell the shit out of eg because i missed the first triangle and this will be great entry with obvious sl and tp same for the big triangle.
if price reach centre of green circle of life buy the shit out of gold, but we all can see there's a short oppurtonity at 1315 tp is 1295 the big long entry so trade carefully
still waiting for channel break with increase in volume to short here i might enter from break of channel or break of lower low. haven't decided yet but once channel is broken to the downside i'll have a look and decide my entry.
we have a triangle pattern on the 4h chart and other smaller charts which would fail if upper trendline is crossed to the upside i'm waiting for a break to the down side with high volume so i could sell on my demo account. i'm still learning so also check other peoples thoughts on the pair, bye.
if price breaks red trendline and closes 2 daily candles up there with high volumes i will buy on my demo account. also if you like what you see follow me on instagram i could really use some trading buddies xoxo bye. instagram: alnashrimeshal