patrickindubai

patrickindubai Updated 

Market Structure: Uptrend approached Resistance (2013) RSI Divergence Area of Value: rejection of price in RES Entry: Bearish candle Exit if Right: Pullback on ema Exit if Wrong: 1 atr above recent high RRR: 1:2 If it bounce on pullback, we can have a long position for TF set up

patrickindubai

Market Structure: Uptrend nearing resistance Area of Value: Break out of resistance Entry: Bullish candle at resistance Exit if Right: Tranches. Need to be careful in TP2 as it is above the trend in Daily chart Exit if Wrong: 1 ATR below previous swing low RRR: 1:2 Note: check the daily chart once TP1 is reached as there is possible resistance based on ema50 and...

patrickindubai

This is a breakout of an uptrend market. This is a strong buy

patrickindubai

Market Structure: Uptrend on a channel Area of Value: Pullback Entry: Bullish candle after pullback Exit if Right: 1:2 RRR in tranches Exit if Wrong: previous swing low invalidating the set up RRR: 1:2

patrickindubai

Market Structure: Uptrend to a resistance Area of Value: Resistance Entry: bearish candle respecting resistance Exit if Right: tranches on previous swing low Exit if Wrong: above the resistance RRR: 1:1.81

patrickindubai

Market Structure: Uptrend Area of Value: Resistance Entry: After bearish candle on resistance. Confirmed by gravestone doji Exit if Right: previous swing low on tranches Exit if Wrong: above the resistance RRR: 1:3

patrickindubai

Market Structure: Ranging Market Area of Value: Breakout of Support Entry: Bearish candle breaking the support Exit if Right: 2 tranches and possible trend follow Exit if Wrong: above previous support that is now resistance RRR: 1:2

patrickindubai

Gold is overbought. There is a divergence on RSI plus on H4 the downtrend is still intact.

patrickindubai Updated 

Market Structure: Downtrend reversal Area of Value: Support Entry: Bullish candle confirming reversal Exit if Right: 2 Tranches below resistance Exit if Wrong: Below previous swing low RRR: 1:2

patrickindubai

Market Structure: Downtrend Area of Value: Resistance. Reversal Entry: Reversal confirmed by RSI divergence Exit if Right: 2 tranches on possible resistances Exit if Wrong: below historical support RRR: 1:2 Confluence: D1 chart respects the support the level, if the bearish pattern/downtrend continues, we will still win on a 1:1 ratio as we are waiting for a rally.

patrickindubai

Market Structure: Invalidation of an uptrend Area of Value: RSI Divergence Entry: Bearish Candle confirming the divergence Exit if Right: 3 Tranches on possible areas of support Exit if Wrong: 1 ATR above recent swing high RRR: 1:5 NOTE: RSI DIVERGENCE IS STRONG AS THERE ARE THREE SWINGS NOT SUPPORTED BY MOMENTUM BASED ON RSI

patrickindubai

DJ30 has broken its support. Bearish fundamentals with recent news from US. Will close half position's profit @ 1:1 when there is historical support. Will take chances and will continue the trade for possible 1:2

patrickindubai

GOLD has broken its support and is looking bearish. Will be getting profits in tranches. 1st @ 1:1 ratio to get profits and then the rest @ 1:2

patrickindubai Updated 

Market Structure: Reversal in Downtrend Area of Value: RSI Divergence Entry: Bullish candle Exit if Right: previous swing high Exit if Wrong: 1 atr below the recent swing low RRR: 1:2.5

patrickindubai

Market Structure: Downtrend Area of Value: Rally Entry: Bearish candle continuing the trend Exit if Right: 2 tranches on possible support Exit if Wrong: below the previous support that is now a resistance RRR: 1:2

patrickindubai

Market Structure: Ranging Market Area of Value: Valid Support level. Divergence on RSI Entry: Weakness in the bearish trend Exit if Right: 2 tranches of Targets Exit if Wrong: 1 ATR below recent swing low RRR: 1:2 I entered the market early. You can wait for a bullish candle, but a doji is enough for me to enter the market. Looking to trend follow after reaching TP2

patrickindubai

Market Structure: Downtrend Market Area of Value: Support Entry: Bullish candle on support Exit if Right: 2 tranches, possible trend following Exit if Wrong: Right below previous swing low RRR: 1:3 Trying to catch quick rally, as there is a huge support that hasn't been broken before.

patrickindubai

Market Structure: Invalidation of an uptrend Area of Value: RSI Divergence Entry: Bearish Candle confirming the divergence Exit if Right: 3 Tranches on possible areas of support Exit if Wrong: 1 ATR above recent swing high RRR: 1:5 There is a confluence as there is a divergence on both H4 and D1 charts