Rejection on support (Weekly TF)
Pin bar Candle stick (reversal) (daily)
Use the Friday Low as your Stop Loss(Pin bar)
Head & shoulders formation (1hr TF)
Entry - Breakout head & shoulders strategy
Stop loss - (1) Friday Low (Final)
(2) Below the 1hr H & S formation right shoulders low is suitable for tight SL.
Weekly Time Frame (TF)
- Bearish trend
- Current weekly candlestick near previous weeks low 90.244(support)
Daily (TF)
- Bearish trend
- Couple of wick rejections of last weeks low 90.244(Support)
4hr (TF)
-Bearish trend
- Many wicks made by the bears show bearish power wanting to come in the market.
BIAS
Looking for price to shoot bellow previous week low...
Market just broke into new minor higher highs after passing long standing resistance level of 127.500.
I am looking for a continuation to the upside to hit the long HH which is the TP target of 133.610
What is the Bias for my entry?
Getting in based on a (Swing/reversal)
The (Doji) acting as a perfect candle to put my SL on its low equaling my 1% risk.
Can I...
US 30 price action is within a channel which recently bounced off the support after its 4 touch.
It is now in a strong momentum to the upside aiming to touch the channels resistance which could be around 31.600
US30 is trying to break into new highs as the American economy regains its strengths.
BIAS:
If the market can breakthrough 31.302 trendline acting as...
US30 recently breakout of a bearish channel structure.
It retested 30.100 area , which was a resistance area turned to support.
A new Higher high was made
Throughout Mondays sessions the price was playing around the same area , basically ranging.
But because support level of 30.100 has been strong , I am seeing a continuation towards the upside .
The main take...
My bias for GBPUSD was that "when price reaches 1.3500, look to entre sell if broken through" and "Buy on 1.35500 if show of a rejection and reversal candle stick".
As you can see the support level of 2.35500 was rejected and showed multiple reversal candlesticks and bullish pattern in the previous trading week.
I was thinking the market would come again to test...
The EUR and GBP have been in the positive end of the market despite US election and stimulus cheque conversations weren't able to give the dollar strength .
EURUSD just broke of of a significant level and retested the Resistance turned support 1.21200. This signals a great probability trade when can take to the upside.
I was able to entre the market at the...
