Short CAll Entry Price: 1.26853 Stop Loss: 1.27312 Target: 1.26394
Long Setup Entry Current Price StopLoss 108.585 Target 110.204
Short Setup: Stop loss: 1.32893 Entry Price: 1.32429 Target 1: 1.31800 Will be trailing Stop loss on new Higher Lows ( Dow Theory ) Reasoning: Breakout of Pennant in 4hrs plenty of Pips tp fall down
GBPUSD Short Call Entry Level 1.27787 Stop loss 1.27971 Target 1.27387
Trade Plan SHORT CALL Sell Stop/Entry 0.61135 Stop Loss 0.61643 Target 0.60631
Entry At Higher Low Trade Plan Entry 1.07880 Stop Loss 1.07403 TP 1.08357
Findings: 1) Dow Theory Previous HH broke possibly will make new HH. 2) Cup and Handle breakout neckline breached. 3) Bullish Flag Formation Hight point breached. 4) History: In correction phase never goes sides ways, always makes V shape recovery in Daily Time Frame. Analysis: Strong Buy Call, Buy on Dips Trade Plan: ENTRY 13002 STOPLOSS 12460 TARGET 1...
Analysis: Inverted Cup and handle in 1 hr time frame In 4 Hrs Time frame possible Head and Shoulder neck line intact. In 1 hour also Bearish Flag in process but still lowest point of flag in not breached. Short Call, Short on strength bases. TRADE PALN: SELL STOP 0.90399 STOPLOSS 0.91046 TARGET 1 0.89783 TARGET 2 0.89149
Analysis: Bullish Flag possible continuation pattern but on RSI we can see bearish Divergence so this can reversal pattern (DOUBLE TOP). So we can have two trade plans one bullish and one bearish we will pick trades by the help of BUY/SELL stop Trade Plan (Bullish Setup/Bullish Flag) Entry (Buy stop) 133.064 Stop loss 132.158 Target 1 133.970 Target 2...
* NON TRENDING Market * According to Trend Line Seems Bearish * Formation of New Lower Low * Price falling from Fib level 0.5 * Possible area of Lower High * Shooting Star followed by Evening Star On these above findings its a SHORT call Trade Plan: Short Call Entry Price : 1.19161 Stoploss : 1.20792 Target 1 : 1.17527 Target 2 : 1.15958
Trade Plan Series of LH and LL Confirmation of Bearish trend and then new lower low and failed to produce new HH Entry Bearish Candle Stick Formation near LH 1) Hanging Man 2) Shooting Star Short Call Entry Price : 136.336 Stop Loss : 136.493 Target 1 : 136.154 Target 2 : 135.977
Trade Plan Series of LH and LL and then Entry Near possible Lower High with formation of Bearish Engulfir Short Call Entry Price : 0.88703 Stop Loss : 0.89281 Target 1 : 0.88159 Target 2 : 0.87586
Trade Plan Series of LH and LL and then Entry Near possible Lower High with formation of Shooting Star. Short Call Entry Price : 0.91914 Stop Loss : 0.93144 Target 1 : 0.90688 Target 2 : 0.89510
Trade Plan Series of HH and HL New LL Formed Trend Reversal Short Entry Would be near LH Trade Plan Short Call Entry Price : 144.947 Stop Loss : 146.336 Target 1 : 143.531 Target 2 : 142.164
Trade Plan Series of HH and HL and then new lower low and failed to produce new HH Entry Near Lower High Trade Plan Short Call Entry Price : 0.67635 Stop Loss : 0.67586 Target 1 : 0.67135 Target 2 : 0.66905
Trade Plan Series of HH and HL and then new lower low and failed to produce new HH Entry Near Lower High Buy Call Entry Price : 136.255 Stop Loss : 136.956 Target 1 : 134.885 Target 2 : 135.577
As per Dow Theory this setup seems to form new Lower Lows on 30 min frame. Trade Plan SHORT CALL Entry Price : 135.066 Stop Loss : 135.377 Take Profit1 : 134.700 Take Profit2 : 134.362 ( Lot Size 0.44 as per Capital of USD 10000 1% Risk)
As per Dow Theory this setup seems to form new Lower Lows on 4hrs frame. Strategy would be Short on strength on Lower time frames BASIC DOW Theory Series of Lower Highs and Lower Lows Time Frame 4 Hours Trade Plan SHORT CALL Entry Price : 144.109 Stop Loss : 148.760 Take Profit1 : 139.569 Take Profit2 : 135.172 ( Lot Size 0.03 as per Capital of USD 10000 1% Risk)