This is an example of an easy continuation setup. Works on every timeframe. Please do backtest this technique and don't forget to do multi-timeframe analysis. Credit goes to Bystra.
Support & Resistance Continuation Setup is a low-risk setup where you can ride along with the trend. As a family reminder, the trend is your friend. All it takes to do this setup is a trendline, zones and the formation of the candle or Price Action. What we need to look for is a continuation formation of the candlesticks which is, Rally-Base-Rally (RBR) for...
If the price making a breakout with a confirmation on a lower timeframe, I'll be looking for short term long on gold. Price has touched another Quasimodo pattern below.
Since price created a lower high structure, am looking for short and my maximum take profit zone would be the fresh demand zone below.
Here is my personal point of view towards GJ. As you can see, on the major timeframe, the price has touch resistance zone many times and I'm expecting a breakout of the resistance zone. Looking for long at the green horizontal line price.
What is SnR? SnR = Support & Resistance I'm expecting GU will drop for a while once it has entered the supply zone and making a short retracement to take another demand zone below. If price managed to break the demand zone, you either can look for another short and make another demand zone as your take profits zone. The rules of SnR is simple, if price making a...
If the price managed to break the resistance trendline, I believe BTC will continue its bullish trend. If the price decided to reject the trendline, then it'll probably look for another fresh demand zone and probably continue to drop.
I believed I explained everything in the chart already, just a humble analysis from me.
Nothing much to say here since I've explained everything on the chart. :)
As you can see, the price has finally touched the demand zone in Daily timeframe and also making a breakout on H4 resistance trendline. I'm expecting the price will touch H4 timeframe of supply zone and making a retracement before continuing uptrend. Trade at your own risk. Look for confirmation in lower timeframe. Be careful of a fakeout. Just a humble analysis from me.
Price has touched daily resistance, support area for daily support is still fresh. Why not look for short / sell.
Use H4 to control your trade. Look for confirmation on the lower timeframe. SnR based on Daily timeframe.
Target - Sell / Short Reasons: Head & Shoulders pattern on the daily timeframe, price is making a pullback on the neckline. Fail Engulf setup can be found on the neckline. Maximum take profit zone would be above the bullish engulfing zone below which is making a Rally-Base-Rally formation. Trade at your own risk!
Target - SHORT 15 pips of STOPLOSS 35 pips of TAKE PROFIT