a rendom analysis if we r looking fundamentals dxy is bullish and intrest rates are going to increase i only take shorts
this analysis is only on bearish and bullish divergence
bearish engulfing after comleting cup and handel now there is some correction took small short trade
bullish hammer did,t break lh retracement on fib level 0.5 taking small trade long to on daily resistence
ab=cd pattern and bullish engulfing candel respect LH take long
seen a rising wedge on 2 hour is broken taking entry on break out take short
eye on that level sevral time rejection on horrizontal ressistence
head and shoulder pattern and dow theory short from next LH
ther is falling resistence which is not break yet and trend is bearish acording to dow theory LHs and LLs
there is a about one week cosolidation fase abd now we can see new HH AND HL so another HH can confirm the trend riversal
trend is break hh and hl entry on hl if trend line hold take long
i tried to draw bullish bat pattren and parallel trend line on next i am gone decide to take entry for or short please share your opnion if drw this correctly
on 4 hour break the horrizontal support on on taking entry on tenrd line support
broken support on 4 hour take short entry tp on support
on 1 hour breakout take entry long tp on firt 4 hour rissistance
idea is parallel chennel pattren trend on 1 and 4 hour is bullish taking entry on first HL along bullish engulfing candel
on LL bullish piercing trying to find reversal on 1 hour time frame