Double Bottom bounce from support. Failed to make a lower low on second test. Close above the highest point in the double bottom formation triggers the buy trade.
1- Second test completing the double top formation failed to make new high. 2- Close below the lowest point in the double top swing triggers the sell trade
Second test failed to make a lower low Close above the highest point in the double bottom formation triggers buy trade
Things I look for in a valid double top formation: - Second test forming completing the double top formation fails to make a new high - Price must close below the lowest point in the double top swing.
Things I look for in a valid double bottom formation: - Second test which completes the double bottom fails to make a new low - Price must close above the highest point in the double bottom swing to initiate the buy trade
Price to RSI divergence. Also trend line break crossing down through the 50 line on the RSI. Nice bearish move at the end of last week. Sell limit on a pull back to resistance.
Second attempt at a Short position on this pair. My last trade was closed out for -1%
After almost 500 point bullish move with little to no significant pullback, price hit parity yesterday. This is probably the strongest psychological level in the market, and very likely to cause a reaction. If price can break below weekly support I have a sell stop at 0.99806 with a stop at 1.002. As always in trading nothing is guaranteed ans the market will...
Similar to my previous trade. There is a rejection of weekly support with a nice upside reward to risk. This time price is rejection 2 levels of previous weekly support.
Pending order placed at 0.963 initiating long trade upon break of recent minor swing high. Stop at 0.96 target at 0.969
You can see the trend lines I have drawn on my charts. For me this is a good place to re-enter the down trend. I am short. We will see what happens
I'm short the eurgbp 60 minute bat formation. RSI confirmation in the over bought area. I am still learning with these harmonic patters so we will see what happens.
Overlapping fibs lining up with the daily pivot