Nice area of support - Low test on 4 hour Up trend line stoch oversold / under 20 overall trend is up 6.12 / 1 risk reward rejection of 61.8% fib
Currently sat in this trade and so far so good, moving nicely
Let me know what you think - thoughts detailed..... Comments welcome KEEP IT SIMPLE
At the moment this is just an idea - awaiting Price Action to show me a little more..... let me know what you think KEEP IT SIMPLE
GBP USD trade closed for 2.4:1 R:R - a nice tidy 60 pips.....
GBP USD SHORT TRADE from last week... almots a nice 3:1 Risk trade - exited at TL for a tidy 90 pips profit....
usd cad short, broke daily trend line, retested with indecision candle, entered on break - bearish engulfing, MAs all pointing downwards......
multiple rejections at area of value, very bearish candles after multiple dojis, indecision at area of value, all mas pointing south, trading below area of value.....
SILVER has broken trend line and previous resistance, pulled back, retested, created a nice rejection candle at the level..... MAs all pointing upwards and in the right order.... looking for LONGs
price traded nicely frmo break of t/l, reacted nicely to area of value, now trading above MAs which is an additional confluence.....looking for price to retrace now and take some breathing room
trade currently heading towards take profit.........performed nciely from shooting star / double top. respected previous level & now trading below all moving averages
Looking good for a short = shooting star / pin bar at nice area
I am not actively trading this - but you can see PRICE reached a good daily level, formed a strong H&S pattern. Entered on a lower timeframe - trading down to neckline with a view to adding should PRICE break.....
Again, GBP finds itself at a level of interest / value......looking at lower timeframes for potential entries