What I saw was after NY session ends price tends to move to either a support/resistance or back to pivot point.
Price will usually consolidate first and the entry should be after it breaks either the high or low of a 1-2-3 move. Entry can be after the close of a 5/15 min candle. 15 min preferred.
TP- should be either S1,R1 or if price is closer to those areas...
Entered trade during Sydney session which I shouldn't have because its a slow market.
Trade started to move around 8pm.
Looking to see some nice bullish candles to break resistance.
1D: Price has went up to trend resistance over the last couple days. It has also tested against the 50 moving average.
4HR: Price has hit a major resistance area. There is divergence showing that price has gotten weaker even though it has been bullish.
1hr: Triple top formation has formed.
There is a 3 indicating reversal on MT4 chart.
Be patient and wait for...
1D: Price has hit a major resistance area.
Candlesticks showing signs of a reversal.
4HR : Buyers have definitely lost momentum and sellers are starting to come in.
1HR : Strong divergence showing indicating price getting weaker.
Price may even go all the way down to trend support but ill take my profits and run.
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1D: Price has hit major support. Candles showing reversal.
4HR: Sellers are starting to come in.
Lots of room to the downside all the way to trend support.
1HR: Price should retest resistance and continue downtrend.
PLEASE LIKE, LEAVE COMMENTS AND CRITICIZE MY WORK. I WILL EXPLAIN MY REASON BEHIND EVERY TRADE AND WOULD LOVE TO KNOW IF SOME EXPERIENCED TRADERS...
1d: Price has touched a support area and should go back up to trend resistance.
4hr: price has retraced to 0.618 fib level and should continue upward
1 hr : Price has broken trend support. Should retest and continue upward.
I have a alarm on my horizontal line which is a resistance level. If price breaks it and retest we should see more buyers coming in.
This...
1.Inverted Head and Shoulders forming. waiting for neckline to be broken. 4HR
2. There was divergence indicating that the price was going up. 1HR
3. Has hit major support on D chart and should be rising up to trend resistance.
BE PATIENT!
I have a alarm halfway to my entry to let me know price is almost at my entry and then will place my buy stop order.
Once i...
Forming head and shoulders on 1 hr.
Sellers definitely had strong run to the downside and I think they've lost all momentum. Be Patient and wait until price breaks neckline. Then the sky is the limit all the way up to the trend resistance.
PLEASE LEAVE COMMENTS AND CRITICIZE MY WORK. I WILL EXPLAIN MY REASON BEHIND EVERY TRADE AND WOULD LOVE IF SOME EXPERIENCED...
