price is back in an uptrend, 0.5 fib retracement lines up perfectly with previous structure which is also key structure looking left, could act as support, also this would line up with the 200 EMA. opening 3 0.15 positions, all move positions to breakeven when previous high is hit, take partial profits at previous high then hold others to 27 extention or 618 and...
very clear break of major support area , simply looking for retest before going short to next key structure level. fairly simple trade that could work well in our favour. Thankyou!
Price has fell right down to my daily structure level after falling for a fairly long time, it is the lowest since November 2019. Price previously rejected this area on the 4H just to come back down to it currently. the current 4H candle is forming into a doji/hammer (depending on how the close is) which is what we like to see. to add to this, price is forming a...
Break of trendline and rejections of previous resistance levels possibly indicating end of downtrend and start of a new uptrend. Price has on the downside for a very long time. still alot of bearish pressure and a bit choppy so i will wait for next impulsive move and retest to confirm uptrend on daily timeframe. one to watch for longer term. Let me know if you...
Break of trendline and rejections of previous resistance levels possibly indicating end of downtrend and sttart of a new uptrend. Price has on the downside for a very long time. Could see a double bottom forming at the resistance turned support area on the 4H time frame, indicating even more bullish pressure. waiting for double bottom to form on the 4H before...
Inverse head and shoulders patter forming at major structure level. Price is also currently is a downwards channel. Looking for price to break out of the channel to the upside and breaking past the neckline before entering. This would give multiple confirmations that price is likely to head further up. A more aggressive approach to this trading opportunity is to...
Head and shoulders forming at major resistance level, opportunity to short at resistance level after seeing major rejevctions or be patient and short after the break and cclose of neckline. My first publish so let me know if anything i need to improve on or whatever. Thankyou!