newbietrader_TZW

newbietrader_TZW

Daily MACD shows strong sell momentum Retract retracement Fibo 0.286 level Stochastics show a downtrend H4 H4 chart breaks the 200 SMA support Weekly Fail to break the downtrend line In Weekly MACD also show the long momentum is weaker than previous What we can do? Just be patient and waiting for the confirmation of...

newbietrader_TZW

H4: 1. The reverse pattern on the candlestick 2. Key resistance area on the top 3. MACD showing weak buy momentum Daily: 1. Sideway movement pattern 2. key resistance area on the top 3. Fail to break out previous resistance

newbietrader_TZW

1. For my strategy, I will set a pending order above the resistance. Because head and shoulder is formed and waiting for break out. 2. MACD also shows buy strong momentum is coming soon. If can not break the resistance will hold the position and observe future movement.

newbietrader_TZW

As I mention this morning, AUDJPY still waiting for confirmation but now already broke the triangle pattern. Time to short it. Good Luck!!!

newbietrader_TZW

1. triangle pattern break 2. MACD shows a strong buy momentum. 3. enter long when it retracts or break FIBO 0.236 resistance

newbietrader_TZW

1. MACD shows strong buy momentum 2. rectangle pattern break 3. Waiting for retracting to enter long

newbietrader_TZW

1. head and shoulder pattern formed. 2. waiting confirmation to break 2 trendline support. 3. Hold the position if fail to break the support level. 4. MACD still shows a strong sell momentum.

newbietrader_TZW

1. Triangle Pattern and waiting for confirmation break the key support. 2. If fail to break the support I will long. 3. If successfully break the support will wait for a retest to do short.

newbietrader_TZW

1. MACD shows a downtrend 2. Reverse on Trend Resistance 3. Stochastic cross showing a selling signal

newbietrader_TZW

1. reverse signal on the candlestick 2. triangle pattern, retract from the key area 3. MACD shows a downtrend momentum 4. Weekly chart showing a downtrend