Hey trader, I hope you having a profitable week. If not, try this: But first, let me explain how these trades will be triggered. If the price bearish bounces of the 1st 4H Key Lvl and 8 MA with a bullish reversal candle pattern (1st trade) then proceeds to bullish break and retest the 4H H&S Neckline and 2nd 4H Key Lvl (2nd & 3rd trade); according to the 4 hour:...
Hey trader, I hope you having a profitable week. If not, try this: But first, let me explain how these trades will be triggered. If the price bearish retests the 4H Half a Bat Neckline, 50 and 8 MA’s with a bullish reversal candle close (1st trade), then proceeds to bullish breaking and retesting the 1st 4H Key Lvl and 4H Neckline (2nd and 3rd trades); according...
Hey trader, I hope you having a profitable week. If not, try this: But first, let me explain how these trades will be triggered. If the price bearish bounces off the 4H Half a Bat Neckline, 50 and short-term MA’s with a bullish reversal candle close (1st trade signal), then proceeds to bullish break and retest the (Possible) 4H H&S Neckline (2nd trade signal);...
Hey trader, I hope you having a profitable week! The price is about to complete the bearish head and shoulders extended move. It will confirm that after it has closed with a bullish reversal candle pattern that will probably bounce off the Mini Weekly Neckline. The reversal candle pattern may lead to a bullish reversal pattern formation that will start an...
Hey traders, I hope y'all had a fantastic weekend. The price seems to be preparing to form a bearish half a bat pattern. It will drop for the patterns trend together for the 21 and 50 MA's after it has bearish broke and retested the Monthly Neckline 3 and 8 MA. But if the price bounces off those key levels with a bullish reversal candle pattern close, a bullish...
The current price level is a good entry point for such a setup. The trade is probably going to run for quite some time in order to hit our take-profit at 0.70988. Sorry for the big stop-loss. Adjust it according to the specifics of your trading plan.
In the daily timeframe, you'll see a beautiful bullish flag which hasn't found completion, yet! In the meantime, I'm going short. I chose to put the chart on a 4hr timeframe since it is the immediate move that matters. I'll give you an update later on.
This week, I'll be looking forward to going short on this pair. I'll give an update once it gets to my target. There is a possibility that the pair will rally to 1.29984. How the price gets to that point is very crucial in determining the direction which the market will take after the completion of the pattern.