Gbp/Usd Everyone; Might have a sooner entry rather then a H&S neckline entry. On the 4hr TF I am seeing a possible evening star which could signal a move to the downside for a swing short...
It seems like a 4-hour TF does work but isn't worth the effort to hold positions for weeks for such little results. 2,000 pips for about 6 months compared to the 15m TF where we can catch 600 a week... Stay updated.
In this video I am looking at past setups and where possible trade setups where spotted.
Half-way through the video you can see I am holding a trade past the regular time of 26 hours.. leading me to hold over the weekend into a new trend which goes from bearish to a bullish movement. Essentially breaking even on one position and closing one position at TP1.
As...
Price has created a bearish engulfing candle after rejecting our 78.60 level indicating a short order position.
In the past when price tried to make a bullish movement, it lacked momentum before dropping 10 pips. As we approach the 100% I can assure that price will drop to our next structure support which is at our 227.20% level.
1: Find the Swing high resistance zone.
2: Identify zones where price consolidates a lot and makes small reverses.
3: Once you have a big bearish/bullish momentum, stretch out your zone where price makes a lot of consolidation before making a bearish/bullish push.
4: Price must close at one of 3 levels (38, 50, 61).
Your entry confirmation will always be an...
NzdCad has entered once again a zone where price has previously consolidated for 18 days.
My first idea would be that NC would blow past the zone and retest the consolidation area before going short .
My second idea would be that price consolidates and breaks out of the range within 2 weeks or less and price goes long to the 0.89000 zone
We are still in a bearish trend on our D-timeframe.
Price has been bouncing inside the 1.0 and .786 fib zone.
The bulls have been unable to break the daily high @ 76.208, which indicates a possible setup for going long.
