Keep it simple, use support and resistant for short term gain.
- Short entry when price at resistance zone - Lower volume at second peak indicate lack of interest for price to move up
- First peak at higher volume and second peak at lower volume indicate lack of interest to push the price up - Spike candle formation observed in H1 with closing below resistance
- RSI negative divergence in D1 indicated downward momentum is developing. - Sell order when price close below support line.
- Short when price near resistance line - Double top at H1 is spotted, which is an entry signal
-Short USDCAD when price near the resistance line -Double top is a signal for entry
- Ascending triagle formation at M15 - Long when price break the resistance line
- Short EURGBP when price at resistance - RSI at overbought zone
- Long entry when price support line with a sell stop order below the support just in case the price break the support - Stop loss for sell order should be above the the last peak
- Short entry when price near resistance - RSI shows less upward momentum when formation of second peak indicate price no longer able to go higher - Volume shrink as formation of second peak as extra evidence that the price may no longer go higher - Price may break resistance when CHF news announcement.
- Short entry when price approaches resistance - RSI at overbought indicate potential reversal
- Long entry when price approaches resistance - Stop loss place at previous trough
- Short entry at resistance - Spinning top candlestick in M15 indicate end of trend and potential reversal
Price at resistance level, expecting a double top formation First peak with higher volume and second peak at lower volume indicate that price may move downward RSI shows lower momentum on the second peak as extra evidence that the price may move downward
Short XAUUSD when price approaches resistance Spinning top candlestick indicating the end of up trend, then price may go side way or down Can consider a small trade
Price hit support with false break (Spike candlestick), indicating strong upward momentum Long when price close above support line or next opening candle above support line
- Price breakout at major support line - Entry when price retrace to resistance (ex-support) - Expecting 2 take profit levels