Buy on yesterday hammer.
Today price break below the yesterday low.
How to positioning yourself?
When stock break the low point, sell your stock .. if it bounce back above the low .. buy back again. (Spring strategy)
You can wait for end of the day just decide, but the price may continue to going way lower. Therefore it is preferable to cut now and buy back later.
This one to watch. For new traders its a nice one to try out on a Tradingview paper trading account.
The possible triple top is into a zone of congestion. Price may go up or it may go down - only two directions here.
All you can do is take a controlled affordable loss (aka stoploss).
This is positional play for finding a trend south on a lower time frame.
We predict market moves before they happen. On Monday we marked two levels identifying potential resistance zones after the break of structure. Price rallied up to our first marked level and we've seen bears enter the market.
DM me to find out more about how we forecasted this fall in price (CHF strength).
Price resides at long term lows - We've seen a double bottom formation @ 1.56 whole level and price has slipped into this 200 pip trading range.
We are expecting price to break out to the upside. Lets see what happens. It is well possible price dips and tests the 1.56 again, forming a triple bottom before strong bullish momentum takes over.
After several strong support levels being held on several GBP pairs, GBP/CHF is a perfect example of that. A strong support level being touched after the march lockdown, which was then later again retested and respected. Im looking at the positive channel movement on GBPCHF, and looking for a long term position also. TP1 is a point to move SL to breakeven as there...
Trend touchline on the Monthly timeframe. There's a bullish engulfing and a long bearish rejection.
My bias is that DXY will go up unless something big happens.
This trendline goes almost a decade back!
EURJPY H4 - Still a little more more long mileage until we hit that resistance trendline and resistance box intersection price at around 125.369. From here we could look for shorts, I'll update the analysis as/if we get closer to this point.