- Dont be silly with your position size. - Be ready to add positions if you need to -
Like, comment, follow, DONATE?! - All that good stuff will really make me happy.
Price has broken below the upwards trends line and seems there is a strong signal for a potential short lining up on this pair.
- As you can see from the annotated chart I will be waiting for price to retrace to the old trend line and bounce back down before I enter a short position
- Patience is key here as you dont want to get caught in a...
June has been a choppy month for Gold to say the least - with many rallies failing to break through to any substantial levels. We've now broken through a well respected resistance level and tested once, potentially turning this into support. If we can hold this rally our fib retracement shows substantial upside gain, taking the price of Gold to our first target of...
Beside the fact that Coronavirus is crushing stock prices - Dominos has been in a long painful correction since better than expected Q4 earnings, taking it's price to ATH and testing new ground. Price has broken through the descending channel shown, turning this into the upper axis of a flag pattern, the lower axis being support at 334. A close below 334 will...
Overall Lower Highs and Lower Lows within a nice Descending Structure. Another Descending Channel is now formed within the Higher Time Descending Structure. Anticipating a buy as it reaches the higher timeframe strucuture.
Double top formed, and price is resisting the area marked orange. I do believe there will be one more bounce at the bottom of the trend line so take profit could be set lower.
Keep it simple and be one step ahead.
Price has respected the blue trend line perfectly 3 times and on the 3rd it has made a bullish engulfing candle stick. If you look at the 1hr time frame the price has made a flag and this could be the entry i wanted.
I had a nice opportunity to enter at the reentry into this big bullish channel and currently I am running nice profit.
There are two resistances ahead and some more if we go all the way to the red channel, red upper line is visible in this graph.
I will edit my TPs accordingly to price action.