Oil made a long term top as established. It made a bullish candle on Friday so retrace may continue next week. An obvious short could be at the white line which is previous resistance. I'd look for a setup lower tf there up to 50.80. it does hunt stops. hopefully after brexit happens.
waiting bit longer. i don't pick tops. could be widening top or diamond or just reversal.. they can be broken to the upside so carefull.
I think everyone needs trading rules they feel comfortable with. If you don't break your own rules you can't blame yourself for doing something stupid. Trading is hard even without rules. Make your own rules, you have your own weaknesses to correct. Its suicide protection and stress relief.! Train yourself in being the trader you need to be.
could be an expanding bottom.will buy in orange rectangle if i get he chance. the last bullish green candle is an alert.
on lower tf there could develop a bat here. am flat now. could be a clean break though. no way to tell yet.
a hard rejection here gives a good chance on a lower low.
tested 3 times the pair tends to retest trendlines so could be a nice opportunity after break.
TL broken and retested. Waiting for some limping red candles to buy.
I think everyone needs trading rules they feel comfortable with. If you don't break your own rules you can't blame yourself for doing something stupid. Trading is hard even without rules. Dude, have trading rules.! Its suicide protection and stress relief.! My trading rules: 1. Before taking any action. Take all rules in consideration. 2. Wait for 1h/4h candle...
zoomed in version of my gbpaud setup. risky to buy now. i wait for break/retest.
abcd pattern at resistance level. if it holds we may see my entry in my other chart. there is a fight going on, am not a fighter, will join the winner at one point... especially if the day closes below A.
the 61.8 fib level could turn this trend with the wedge.
closed my long, this is a bearish setup. will open again after decisive close.
looking to buy in the congestion. a close below the red line would invalidate. look for weak bearish candles to buy.
abcd + resistance + TL. stop above visible high.
price keeps humping against the trendlne. there is also an evening star formation. the tl looks about to pop.