EURSGD Entry 1.53053 Exit 1.54771
USDSEK Trendline Break
AUDCHF did not retest diagonal support and resistance. Next time enter after break + close.
This is SO PROFITABLE a move that anyone can do it! Look for a break in structure. The normal structure for an Uptrend is HH and HL, a LH or a LL would constitute a break in uptrend structure. The point identified on the diagram represents a LH, which is the break in structure. At that point you can enter the market. Happy profits :-)
Not all trendlines have to be build using higher highs and lower lows. Some work perfectly as a trend direction and parallel channel middle line. The more bounces it has the more important it is for the chart (not stronger, but important). Also pay attention to volume - it should increase at line cross or bounce zones, confirming the line. Example - look at blue...
Trendlines can be super powerful! Draw them onto the tops of the wicks of the candles, do not 'make them fit' and always be wary for a retest to get that sniper entry!
Using triple charts, TDI' Complementary Overlay, TDI' PRO and a basic entry rule we can make profitable trades possible. Based on the condition of using an account with just under $5,000 trading account capital, with 1:500 leverage, with a deposit margin of ~$80, a single trade with lot size of 0.35 ~ $310 Profit, 1 trade in one day Third Chart use example
1. Divergence 2. Trend Line Break 3. 123 Reversal Pattern 123 Reversal Pattern: At point 3, the market is at the crossroads and price can either make a new low or confirm a change in trend once price takes out point 2.
As a currency trader, it is important to be able to flip your bias on a market as soon as possible provided you have objective technical evidence to support this flip. Too often, traders are influenced by a third party’s opinion about a long term trade bias that may be generated from fundamental analysis which is highly subjective. They tend to hold this bias for...
Hello, i posted before a chart about this trading system, you can check it on related ideas below. Here is another good example real-time on AUDUSD. I wanted to repeat the process and share some tips based on my own experience. 1) We found a clear downtrend (series of HH,HL) 2) The downtrend is broken and a Higher High is formed (convergence) 3) We confirm the...