Bruce5836

Bruce5836

Currently this asset has been in a downtrend and has been somewhat contained within a disjoint channel. Based on technical analysis It looks as if the pair might come down to around .8760 if not all the way to the trendline. I will be looking to BUY at this area. (Depending on time on day, and or news) (see related idea link) Be aware of Bearish breakout if it...

Bruce5836

If price breaks the channel: Wait for 4-hour candle to close outside of channel. If 4-hour candle closes outside of channel (depending on time of day, see link about Time and Trade Management) wait for the next 4-hour candle to close. If it closes outside of channel, enter trade. If price come to the top of the channel but refuses to break out. You can think...

Bruce5836

Phrases such as: Technical analysis, Price action break, Trendline, etc., turn us on, but it's not that often we discuss POSITION MANAGEMENT and TIME of DAY. MOST movement occurs during the 1st two hours of the European Session and the 1st two hours of the US session. Price tends to STALL OUT, or PULL BACK right before the lunch hour, (European and US) and...