Phoenix-Rise-Trade

Phoenix-Rise-Trade

1. Trend Confirmation: Identified a Change of Character by the break of the previous high at 81, indicating a reversal in market sentiment and a new bullish trend. 2. Fair Value Gap (FVG): On the Weekly chart, identified Fair Value Gap between 69 - 71. 3. Trade Execution Entry Price: 74 ( Engulfing Candle on 5 Nov 24) SL: 66 (FVG) TP1: 110 (1.618...

Phoenix-Rise-Trade

Time Frame: - H4: FVG Identification - H1 Entry Signal 1. Trend Confirmation: Identified a Break of Structure by the break of the previous resistance at 1.0807 area, indicating a reversal in market sentiment. 2. Fair Value Gap (FVG): On the H4 chart noted a Fair Value Gap (FVG) between 1.0806 - 1.0810. 3. Position: Entry : 1.0825 Stop Loss : 1.0811 Take...

Phoenix-Rise-Trade

Time Frame: - H4: FVG Identification - H1 Entry Signal 1. Trend Confirmation: Identified a Break of Structure by the break of the previous resistance at 1.0807 area, indicating a reversal in market sentiment. 2. Fair Value Gap (FVG): On the H4 chart noted a Fair Value Gap (FVG) between 1.0806 - 1.0810. 3. Waiting for entry signal after price touches...

Phoenix-Rise-Trade

1. Trend Confirmation: Identified a Change of Character by the break of the previous high at 312 & 500, indicating a reversal in market sentiment and a new bullish trend. 2. Fair Value Gap (FVG): On the Weekly chart & Daily Chart, identified Fair Value Gap between 470 - 496. 3. Trade Execution Entry Price: TBA if price entered FVG SL: 460-474 (below Daily &...

Phoenix-Rise-Trade

1. Trend Confirmation: Identified a Change of Character by the break of the previous high at 4830, also the break of previous downtrend, indicating a reversal in market sentiment and a new bullish trend. 2. Fair Value Gap (FVG): On the Weekly chart, identified Fair Value Gap between 4790 - 4940. 3. Trade Execution Entry Price: 5100 ( Long Bullish Bar on 21 Oct...

Phoenix-Rise-Trade

Time Frame: - Daily: (FVG Identification) - H4 Entry Signal 1. Trend Confirmation: Identified a Break of Structure by the break of the previous resistance at 32.50 - 32.75 area, indicating a continuation in market sentiment. 2. Fair Value Gap (FVG): On the daily chart noted a Fair Value Gap (FVG) between 32.00 - 33.45. ------------- Disclaimer The analysis...

Phoenix-Rise-Trade

Time Frame: - Daily: (FVG Identification) 1. Trend Confirmation: Identified a Change of Character (CoC) by the break of the previous support at 1.360, indicating a reversal in market sentiment and a new bearish trend. 2. Fair Value Gap (FVG): On the daily chart noted a Fair Value Gap (FVG) between 1.3810 and 1.3790. The price was rejected in the area, which...

Phoenix-Rise-Trade

Time Frame: - Daily: (FVG Identification) - 4-hour: (FVG Identifiication) 1. Trend Confirmation: Identified a Change of Character (CoC) by the break of the previous support at 1.1000, indicating a reversal in market sentiment and a new bearish trend. 2. Fair Value Gap (FVG): On both the daily chart and H4, I’ve noted a confluent Fair Value Gap (FVG) between...

Phoenix-Rise-Trade

OIL Buy Time Frame: - Daily: (FVG Identification) - 4-hour: (FVG Identifiication) - 1-Hour: Waiting for Confirmation --- 1. Trend Confirmation: Identified a Change of Character (CoC) in OIL by the break of the previous high at 72.40, indicating a reversal in market sentiment and a new bullish trend. 2. Fair Value Gap (FVG): On the daily chart & H4, noted Fair...

Phoenix-Rise-Trade

Trade Setup OIL Buy Time Frame: - Daily: (FVG Identification) - 4-hour: (FVG Identifiication) -1-Hour: Waiting for Confirmation --- 1. Trend Confirmation: Identified a Change of Character (CoC) in OIL by the break of the previous high at 72.40, indicating a reversal in market sentiment and a new bullish trend. 2. Fair Value Gap (FVG): On the daily chart & H4,...

Phoenix-Rise-Trade

Market Context: - Price is within a bearish Discounted Weekly Fair Value Gap (FVG). - Price broke Daily Trend Line. Entry: 5450 Stop-Loss (SL): 5850 and trailing Target Price (TP)2: 4300 (last swing low) Target Price (TP)2: 3100 (1.618 Fibonacci extension & Weekly Bullish FVG) Monitoring: Track the price daily and adjust based on new market...

Phoenix-Rise-Trade

Market Context: - Price is within a bearish Discounted Weekly Fair Value Gap (FVG). - Price broke Daily Trend Line. Entry: 960 Stop-Loss (SL): 990 and trailing Target Price (TP)2: 840-850 (last swing low) Target Price (TP)2: 730-750 (1.618 Fibonacci extension) Monitoring: Track the price daily and adjust based on new market...

Phoenix-Rise-Trade

Analysis: - Change of Character marked by a long bullish candle breaking previous high at 200-202. - Discounted Fair Value Gap available between 158 - 186. Monitoring Price for potential LONG position.

Phoenix-Rise-Trade Updated 

Trade Journal Entry USDJPY Sell Time Frame: - Daily (FVG Identification) - 4-hour (Entry Signal) --- 1. Trend Confirmation: Identified a Break of Structure (BOS) on USDJPY by breaking the previous low at 143.43, indicating a continuation in market sentiment and confirming a bearish trend. Noted as well that price is just below a trendline, providing another...

Phoenix-Rise-Trade Updated 

Analysis: - Broke previous high at 980.00 (indicating uptrend) - Broke the (correction) trend line after 4 touches. Trade Setup: - Entry Point: 988.00 - 990.00 (trendline breakout) - Stop Loss: 962.50 and trail the line. - Take Profit: Exit upon candle closing under the trendline / reachs 1060.00 (1.618 Fibo) Disclaimer: This journal is for personal purposes...

Phoenix-Rise-Trade Updated 

Analysis: - Trendline: Down trend - Strong resistance at the trendline; Engulfing after touching the trend for 3/4th time. Trade Setup: - Entry Point: 983.700 (waiting for trendline breakout) - Stop Loss: 990.000 - 991.000 - Take Profit: Exit upon break below the trendline / 900.000 ( previous low ) Disclaimer: This journal is for personal educational purposes...

Phoenix-Rise-Trade Updated 

Current Status: - Trendline Touches: 4 touches confirmed - Analysis: Strong resistance at the trendline; monitoring for trendline breakout. Trade Setup: - Entry Point: 975.250 (waiting for trendline breakout) - Stop Loss: 993.800 - Take Profit: Exit upon break below the trendline Disclaimer: This journal is for personal educational purposes only. Trading...

Phoenix-Rise-Trade Updated 

Market Context: Price touched Bullish Daily Fair Value Gap (FVG) following a new swing high. Bullish engulfing candle confirmation after retracement on H4 timeframe. Entry Buy : $2564 Target Price (TP): $2640 (1.618 Fibonacci extension) Stop-Loss (SL): $2527 (below FVG) Monitoring: Track the price daily and adjust based on new market...