Confluences: 1/ Trend 2/ Fib play 3/ 91 as resistance 4/ High test candle ( 2 in a row ) 5/ Bearish MACD 6/ We are bouncing of the 200 EMA on the Weekly chart After day one of the trade, U can see that we broke the CTL, which is a great sign for this pair to finally head lower again. It is not too late to enter, because today we got a pullback. Target 89
On this 1H i spotted: - TL break - Trendchange - 50ema and 20ema break This is a huge part in the things I look for before entering a trade.
Part of my trade execution was based on: - Double top. - Trendchange -> broke the last low. - Broke the 50 ema. R:R on this one is 1:1.5
Great risk:reward on this trade. We have a nice pullback to our: - TL - 50% - 61.8% Fibs - Daily/4H support
Made a break of the last low, looks like we are heading lower.
Looks like we might form a right shoulder, to form this right shoulder this move will happen.
This long EUR/GBP has a very nice reward, looking to get 180pips on this trade. Stops at a perfect place, target has nothing much in its way.
Lots of confluences for this trade to get SHORT as u can see from the chart: Resistance Fib level High test candle Deceleration 50 ema bounce
As all retail traders are looking for long trades, we know this pair can easily get lower again. The nice high test at out weekle resistance is a good signal to trade from along with a bunch of other confluences on the different TF's.
We will wait for a little pullback to the 1.40 level and buy from there. This pair is ALL BULLS.
I am back with more analysis. Use them how u want them to use, this is my opinion and my way of profitable trading. I don't recommend following people blindly. U can find the other "tradetostart's" on my instagram : FXB_Buddy Check it out! The link to my website is also on there.
Confluences: 1/ trend 2/ 50 ema bounce 3/ doji 4/ deceleration 5/ fib play 61.8% 6/ Bullish MACD 7/ 2.145 as support Took this trade last thursday ( Sept 17 ) but again because of this pullback today, 400 pips are still on the table, 170 pips are currently in profit. I see this pair go to 2.20
Confluences: 1/ trend 2/ candle was a doji 3/ fib 61.8% play 4/ 0.65 as resistance 5/ deceleration 6/ 4H: 50/60 EMA bounce
Confluences: 1/ with trend 2/ doji candle 3/ Perfect 61.8% bounce 4/ support at 2.145 5/ deceleration
Confluences: 1/ with the Trend 2/ 91 as resistance 3/ Fib in play ( see the green zone ) 4/ deceleration at pullback to 91 5/ candle was a doji 6/ 4H MACDivergence 7/ 4H 50 & 60 EMA bounce
Confluences: 1/ trend 2/ 194 support 3/ inside bar, followed by a doji 4/ deceleration 5/ 50% retracement Extra: * on weekly we finally broke the 194 level after 4 weeks of trying to