Last week: Order didn't go off, no trades were taking on last week chart. No wins, most important no loss ;-) This week: Like this set-up: - Head and shoulders pattern ( after uptrend = reversal ) - right shoulder was formed at 50% fib + zone of resistance + 3rd TL bounce - MA's crossed to the downside - MACD shows bearish divergence Now, we want to...
Last week chart: 2 WINS Profitable pullback ( I don't trade these pullbacks ) Profitable movement up ( I made 95 pips ) We had a bearish engulfing candle on the Weekly chart + finished on friday with a shooting star candle, that closed under the resistance level of 0.712. This all happended after a break of the previous TL ( which can now be seen as the...
Gartley drawn in a best outcome scenario. 618 C was held so that makes me think we will have a reversal. PRZ is not that narrow and since its a Gartley pattern we shall be looking for the AB=CD to complete. Stop losses a few pips after the X, TG1 and TG2 are on fib levels and in the best case scenario we will have a trade with around 4:1 RR. Just stare at the...