still_waters

still_waters

Just casting out my nets

still_waters

When you see consecutive bear bars forming, that is a sign of bear trend strength. it happened twice, the velocity of this bear leg today is much stronger in relation to the previous bull channel up. This means the dollar, for whatever reason (I'm no fundamental analyst) is being bought and is become very strong. Therefore, since we are in a strong bear close this...

still_waters

RSI formed a rising wedge and a lower high... i have observed this pattern before and this looks like a promising setup. If it goes our way, don't get too greedy in case its just a pullback. The bull leg up is quite strong, so you have to be careful of continuation. The bear case has a perfect 60M signal bar, so it's worth shorting if you are an always-in bear

still_waters

See Notes on Chart... Just some studying on the weekend :)

still_waters

Pivot Point Case: I have Daily Pivot Points, Fibonacci Style. Watching 30M, 1H, and 5M Charts. This would be for a scalp. TP would be around Pivot Point ("P" Line) or lower if trend strong enough. I just am observing a bear signal around R1, and as far as i can understand, trading Pivot Points properly requires being able to read how bars react around those...

still_waters

The stars are aligned, lets short this SHIT. BE AGGRESSIVE. B-E AGGRESSIVE. RSI Hourly and 240 Showing Overbought. Upper Wedge and Microwedge 3rd legs formed. After US OIL data this morning, no significant rise on GU. A So-SO Hourly Bear Signal bar Formed. Things look ok Short. I Sold @ Market @ 1.32443 If things go sour, just exit and chase the Bull trend if it...

still_waters

I think now is a good level to buy. Bulls had first real breakout this evening, before Europe open. I think it's enough that the bulls could try and reverse things up long term. This is based on 240Chart Price Action.

still_waters

There are consecutive bull bars formed... which is a bull trend. This is the first significant bull leg in a while, and I'm thinking this leg will turn UJ into always-in Long. Yes, wide stop, but big reward for strong bulls. Good luck!

still_waters

I think 1x TP will be reached. It would be a measured move from bear breakout during asian session a little earlier. Seems probable we will get an equidistant move down (based on height of the breakout bars). 2x TP would be ideal... and we might get enough momentum once into US session. If you are a strong bear, this could be a great win. We will have to wait and...

still_waters

Breakout of Range. NFP Bull Breakout Bar I think switched the market into always in long. We will see next week!

still_waters

Renko... this is just a test.

still_waters

Going Long

still_waters

Expecting ranging behavior, and bulls will fail to break out above previous high.

still_waters

This is a breakdown of what I see on the 30M CAD/CHF chart. This is all based on Brooks Price Action.

still_waters

- Strong Bear Trend Bar - Measured Move Target based on Last Big Bear Spike - Support Below (2 Pink Lines) should act as a magnet

still_waters

Looks like a Good Major Trend Reversal

still_waters

Expecting one more leg down, testing one of the two bear trend channel lines.

still_waters

Democracy is a great thing... You could put a sell limit order somewhere near the top! Just use a WIIIDE stop, and trade small.