marketdiverfx

marketdiverfx Updated 

This is a continuation trade in a strong down trend. We have an inside bar broken by the following bar that first broke the high where we see the top blue line and then the body closed below that same top blue line. From here we want to see a strong push down if price breaks the bottom blue line. RR for trade is 1:3 with a breakeven at +20 pips if price reaches...

marketdiverfx Updated 

We have a double top followed by a one bar push down, then the projection point is immediately tested, then the longer wick shoots out further above the double top but cannot maintain any body so closes below. This makes it an ideal short because it's possible there are traders trapped to the long side which might have the effect of pushing price lower. The blue...

marketdiverfx Updated 

This is an interesting situation because we have a double on the top and on the bottom illustrated by the purple lines. Also we have a retrace to the projection of both doubles illustrated by the rectangles. So how do we choose which way to go? Easy, always go with momentum, which is up! We also have an area of structure supporting us where the blue line is. Every...

marketdiverfx

This is an interesting situation because we have a double on the top and on the bottom illustrated by the purple lines. Also we have a retrace to the projection of both doubles illustrated by the rectangles. So how do we choose which way to go? Easy, always go with momentum, even if it fails. Right now, momentum is up! We also have an area of structure supporting...