i took this trade based on the resistance level that has proven to hold appeared was an ascending triangle and to what we know we should expect a breakout to the upside but immideately when i see th breakout to the downside and still holding on to my prev trade i engaged again in another trade expecting a short momentum sell reduced my stops level we might...
we can also engage wen a retracement appear the breakout of this pennant in the 15 minute chart was our trigger
I was expecting a breakout and retets of this par as of the beginning of the week pruce meeovved up and we are seeing a very strong rejection to the upside and by so doing in gonnna initiate a risk entry a double top formation with th price failing to close above the first leg we are also at a clear resistance level that has been tested quite many atimes once...
follow my pre analysis we looking rforwad to gho down
we ahve a double top breakout and a we also see a breakout from the rising pennant or whatever that is looking forward to scale inanother trade reaching to my secong target
i love to be involved in these kind of setups where every trader is seeing mostky the major support level that price is reacting to and forgetting the current flow that is down trend so with this being the case i find better reasons to engage and if i have an edge i wont hasitate now we seeing price on 1prev level of support structure broken now turned...
i have all my ruled of engagement in place and im in a quick sell for this pair with a possibility of breakout so my tp is left open with a trailing stop loss
so i had thought as much and waited for price to break down as shown by my previous setup on the geppy now that we have noticed a breakout and an immediate push back below the zone im willing to take another short with a possible target at the nearest zone once the zone is broken we hold until the price closes down to the initial correction stare phase why im...
looking forward to play a possible head and shoulder
3rd touch on the upper resistance trendline multiple rejection candlestick pattern bearish pennant pattern expecting further downward movement and a possible breakout to the downside retest of the horizontal support now turned resistance a confluence of the horizontal resistance and trendline a possible Golden zone with the Fibonacci retracement tool. a...
WE ARE LOOKING FOR A BREAKOUT TO OCCUR ON EITHER SIDE GOING LONG - we have a possible double bottom formation in the daily timeframe and once price breaks above this resistance zone we are lookig forward to see price plummeting up to the next key level of structure ** we can also play against the pattern which is somewhat profitable and in most cases we see high...
we are looking at a possible short sell once price breaks below that zone im gonna go short there is a possible head and shoulder pattern formed thou
this is one of my highly probability trade setups in a bigger tm we saw a double bottom that see the rally down, price retested the neckline once and now we are back at the same neckline and we are willing to pull a trade there given these points 1 retest of the neckline acting as a resistance level 2 reversal pattern of a double top at the same resistance level...
since sept 2021 we notice that the pair has been ranging and we saw some significant moves within this range, with that being the situation we are anticipating that the price reaches the upper band of the range and from there we shall look for possible reversal down unless we notice a possible breakout we are currently in an uptrend right? and we see the...
following the impulsive and correction phases of the market we can clearly see that after the initila movement we saw price consolidating forming into a trend continuation pattern of the descending triangle looking forward to the breakout from this pattern given the price reacting back it will give us the best entry with a higher reward at the top level of the...
we are looking forward to a further continuation to the downside, we saw the initial impulsive move down and come last week we saw price in a correction phase and retesting the trendline, with that being the reason and seeing the bears reacting in a bearish engulfing candle that also saw the breaking of the correction pattern, was convinced that price will fall...
we looking forward to further downward movement on the ausidollar pair.given tat the price retests the recently broken lower trendline with clear reversal comdlestick formations, we are goimg to pull the trigger to the downside, any bullish formations we are willig to ignore until the price moves up and returns to test the structure again and now as a support, for...
we looking forward to the completion of the correction pattern before further movement to the downside