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rade Strategy: I monitor multiple trendlines on my chart. When the price breaks one trendline, I look for the most noticeable candlestick wick near the breakout point. This wick often indicates a potential reversal or continuation zone. I enter a trade at this wick, anticipating that the price will move towards the next significant trendline. Upon reaching this...
Entry: 1.12250 SL: 1.12050(20 pips) TP: 1.13190 Looking at this EUR/USD chart, you’ll notice several trendlines (which I call “T-lines”) drawn across key points. Here’s how I trade based on them: When price breaks one T-line, I look for the next clear or obvious wick near that break and enter a *buy or sell* from there. In this case, price broke a T-line...
My opinion on EURGBP. On the DAILY time frame, it closed Bearish.. then on the 4H, price broke the support level of 0.85520 then retested the new resistance level on a 4H.. I took a sell from that area. Entry: 0.85520 SL: 0.85720 TP: 0.84700 ( about 100 pips )..
My Opinion of GBPUSD Firstly, looking at the DXY / Dollar Index, we’d notice that price closed Bearish on the DAILY time frame. Now, let’s take a look at the GBPUSD. On the DAILY time frame of the GBPUSD, we’d notice that price seems to be respecting the trend line. We’d also notice that there’s a double bottom formed on the Support level (1.34400 ) on the...
In my Opinion Looking at AUDUSD on a Daily time frame, we’d notice that price closed Bullish.. and there’s every possibility price might Buy again till it hits the resistance then drop again to sell ( depending on how price plays out ). Since price closed Bullish on the Daily time frame , I expect price to reach the Resistance zone of 74.720, then I’d see how...