In as much as I feel bullish bout USDCAD, I would love to have this bear flag mark the 'BOL' which wuold pause the initial rally, pending further up moves to come. Lets see what happens 1.3000
Trading range mode activated Buy Climax 'TL' 'BO' First time 3 daily bars open and close below 20EMA=EMA gap = A final minor leg up to testing 'BX' The 'BOL' is marked by a bull flag, largely an ending diagonal on 1H timeframe. Alternatively, a move down to April7 Low of 2033 would complete the story of a perfect Double Bottom prior to the rally to testing...
I see a possible buy climax , since the December low. Last week bar is a 1B sell signal. Now, should this week trade below the 1B signal bar, we're likely to see a gud sell, and the selloff might test the near term swing low = March 10 Low of 1.0820 (much clearer on Daily chart) The other side of the coin is this: We had a similar short signal ( 3B ...
Im long Let's see what happens.
Price has tested buy climax, and exceeded = a probable 'HH MTR' underway. The bars leading to the breakout of 'BX' are quite large= climatic behaviour= This up might not last. But The bars also show strong buying pressure, and so we might get a follow through buy. In the face of such argument, I prefer to sit on my hands, and watch what price does next. ...
LESSON: Trade failed first, and so what!!! I'll keep trying, whilst keeping losses limited. A single success would absorb all the minor losses and return cash on the table. Im long again based on same setup Buy Climax TL BO 3 pushes pattern 2B Reversal signal occurring on long term EMA's and prior KEY ZONE. Price and MACD Bottoms are expanding away from each...
We did long from 2B signal. I think trade still good to join now but using the proper swing stop = below BOL= below 2B signal is the correct thing to do. R:R not the best now, but 1:1 aint bad , for so long as the correct stop is used. WEEKLY:
Im developing a pound idea but Im short already ;) Definitions _______________________________________________________________________________________________________________________________________________________________________________ UTL =UpTrendline = A line from the Lowest Low, upward and to the highest minor low point preceding the Highest High so...
This leg up within this trading range is quite strong. That not withstanding, successive bars tend to overlap each other, and have tails above, and tails below, and thats equal to a weaker leg in a potential trading range. I would like to bet on a breakout failure here. We're within 10pips of testing the April 12 High of 1.1464 I would be looking for an evidence...
Thanks to @jangseohee who alerted me to the setup. Self explanatory. The market is in a TR mode. One more leg up is expected. Interestingly, the whole structure is an inverse Head and shoulder pattern . Im long based on a 2B candlestick signal pattern on the Daily chart. Insane upside potential Definitions...
Text Book description of reversal I missed the start of the long, but never too late. I'm joining here, using same swing stop, risking same fixed dollar amount. WEEKLY Long Term TL is amazing!
Been busy these past few days, and could not publish this trade in time, though I took it on my account. I short the close of the 2nd bar in the 2B candlestick formation, w/ a stop , slightly above the pattern. GBPCHF is entering a trading range, according to my methodology. A very nice buying pressure followed a Sell Climax, evidenced by 3B reversal...
The Buy Climax was tested , and price failed to make any new high. Following that, we have an uptrenline BO= 1st selloff leg. There are signs that this leg is running out of steam now.= Possinle bear final flag Support zones, based off prior levels where price tested and held. Would be looking for further signs to go long from this potential BUY ZONE
Buy Climax Long Term TL BO= 1st selloff leg. 3B reversal pattern @ Long term MA's There's a MODE to be fought @ 112.589. Once over and done w/, we could see a test of Buy Climax that preceded the TL BO. On the other hand, This MODE could resist the rise. Watching........
Im short from last week 1% Exposure Let's see what happens ^_^
Obvious! I'm holding a short from the close of the 3rd bar in the 3B reversal formation. Stop is right above the pattern. Would be strange to see price rally from here, but hey, anything is possible!