Double bottom onto support structure, making a push phase which broke the neckline resistance and turned into support. Classic breakout retest strategy over here and we can continue looking for BUY opportunities towards previous high.
Inverse head and shoulders pattern. This setup will take awhile before it becomes valid. We will be monitoring it closely. What we are looking for would be a strong H4 breakout and retest onto the neckline structure, followed by an entry on the hourly timeframe for a move upside towards our TP area.
Double bottom onto a support structure with huge bullish momentum given the current candle, although yet to close. If the resistance level and trendline gets broken, look for a pullback, retest or trend continuation pattern for a BUY entry towards previous swing high! Plan your trade and trade your plan.
AUDCHF H4 - LONG Potential double bottom formation at a support area. Look for bullish pressure to take a LONG position towards the upper trend. Otherwise, wait for a strong breakdown and pullback for a SHORT position on the lower timeframe, take profit target at the next support area.
Since the ban on Trump and many other people/organizations, Twitter has been an underperformer. There are a lot of reasons why investors would be hesitant given the uncertainty of potential regulation but from a technical standpoint, the stock seems poised for a mover higher. If twitter can clear the down trendline and hold range low levels at 44.00, the stock...
GBPNZD H1 - SHORT Triangle break out, with a bearish impulse move. We are looking for a retest onto previous structure for a SHORT position towards the next support level. We will place a SELL LIMIT ORDER here.
Rejections can be seen at our resistance area, failing to break through and eventually forming multiple tops. Our entry criteria here, would be to wait for a strong bearish breakdown move followed by a pullback or retracement towards a minor resistance level to consider taking a SHORT position. Plan your trade, trade your plan. Do NOT let your emotions rule your trades.
EURAUD H4 - LONG Double bottom formation, and now broke out of it's neckline as well as descending trendline for a potential reversal. We are looking for a pullback onto previous structure for a LONG position towards the next resistance area.
Consolidation phase going on now. Clearly looking for a breakout for a directional bias, leaning towards an upside breakout for trend continuation. With a strong breakout, we could look for a retest onto previous structure for a BUY entry.
Hello Traders Hope Sunday and the much needed rest is treating you all well. I spend parts of my Sunday looking back at the prior trading week. In doing so I've decided to share some ideas on completed trades and the methods I trade our script. Going forward during the week I'll look to post more live ideas as our script present them on the charts. At...
Strong bearish momentum can be seen here as we are looking for a retracement or a pullback onto the support turned resistance level. Look for price action confirmation before taking a SELL position with your target profit at 1.07406
Prices made a bullish rally and now came back for a retest onto a support area. We are waiting for rejections and confirmation on this zone before taking a LONG position towards the previous high.
Prices found support @0.63200 area and made a bullish rally towards the upside, breaking a neckline structure. We are waiting for a pullback onto the broken structure for a LONG position towards the resistance level. Stop loss below the support area where if this level gets broken, we should be looking for SELLING opportunities instead.
Double bottom formation onto a support area, made a bullish impulse move towards the upside, breaking the double bottom neckline. With this setup, we are able to look for a LONG position if we get a pullback onto previous structure. Plan your trade and trade your plan. Do not rush to catch the bullish move because more often than not, prices will pullback for a...
Prices got rejected from the trendline and recently broke a minor resistance level. We will be waiting for the H4 candle close and decide again whether or not to take a trade if we get a pullback. Nevertheless, potential H4 buy limit order if we get a strong H4 candle close.
Hello traders. Before I logged off for the day I just had to get this idea out for GBPNZD short trade which has made the right move so far. This pair got me an editors pick on a previous idea and as a results holds good vibes for me. That idea can be found in the link at the bottom of this. We are working the 45M chart here using our strategy is set to a...
We have an impulse leg over here with strong bullish push phase and now, waiting for prices to retrace onto our previous structure before taking a BUY position, with target profit at previous high. Look for bullish continuation patterns like the flag or wedge.
Earlier this week, we found ourselves holding onto a trade that went into consolidation for quite some time. With a strong break out over here, we can look to re-enter GBPCAD, with stop loss below the 1.73000 level for a continuation move towards the next resistance level. For our 2nd entry, prices may have found support @1.76300 level, looking for another push...