Market has tended to break support, then rise back through resistance with high volume. This strategy takes advantage of sustained high volume price increase, allowing for a tight stop. Stop triggers when the market has failed to break resistance and continues to fall towards next support at fib 0.618. We further lower risk because the pending order is only placed...
Aiming to buy 4 hour fib 0.382 with stop below long term daily trend line. First profit target offers R/R 1.1 Second profit target offers R/R 2.1 Allowing 1 day to make the volume. Will reset stop if market exceeds profit target 1, but not yet reached profit target 2. Stop will be below 4 hour fib 0.618
Price action meets two support points - trendline and horizontal support. Looking for price action showing clear rejection. Target aims for daily high (previous).
We're tightening up in a rough and volatile descending triangle. Sell and buy zones established by taking the first retracement and the lowest price point. The top of the zone is the lowest price point in the range the last time the market retraced to this area. If the price enters a zone, study price action to establish a reversal. For a buy, I’d be looking...
We've broken the channel resistance. Retested channel as support. Now we're retesting an important fib level. Strong candle forming on 4 hour chart. Target key weekly resistance.
Two doji's on monthly. Stopped making lower lows. We've been falling in a channel, now wedged between the top of the channel and daily strong support.
Resistance of channel has confluence with recent support on daily. Conservative stop, but the stop could be tighter.
Currently retracing back to trendline. If we retest successfully, looking for buy to resistance.
Downtrend in channel - looking for sustained drop below support to bottom of channel, being careful of recent support.
First target at recent high. Or next fib level.
Trending down in channels.
Confirmed on 5 min though breakout of descending triangle.
Double top confirmation. Looking for break of fib, then sell to bottom of channel, being careful of trendline at the mid point.
Rising in a channel. Now at major resistance. Looking for retracement to 0.618 fib or trendline.
If we break support, lightly to fall towards next major support - descending triangle.
Using fib levels to plot target. Candle breached trendline and rejected on 15 min chart.
Short term break of structure (15 min trendline). Bounced off 0.618 fib. Far from 20/50 MA on daily, and from daily trendline. Ambitious target to trendline.