Making a clear Retest of Structure on Daily TF Wait for Confluences to downside before entering Retest of Exhaustion Bearish Engulfing Wicks to the Upside
Waiting for Buying Confluences before Entering
Wait for: -Selling Exhaustion -Buying Confluences on LTF to enter
Currently in the Trade. Respected The Daily Trendline HTF Exhaustion Area
REASONS: -Monthly Timeframe candlestick is bullish -Weekly Timeframe candlestick is a bulllish doji with seller exhaustion (wick at the bottom of candle) -Daily Timeframe candlestick is bullilsh and the previous 4 candlesticks have sellers exhaustion (wicks at the bottom of candles) - Lower Timeframes correlate with higher timeframes My Purpose: I am executing...
REASONS: -Monthly Timeframe candle is bullish with a wick at the bottom (sellers exhaustion) -Weekly Timeframe candle shows reverse head and shoulder pattern -Daily Timeframe candle shows exhaustion from sellers and buyer (wick at top and bottom of candle) -4HR Timeframe shows sellers exhaustion with doji -Lower timeframes correlating with higher timeframes My...
REASONS: -Monthly Timeframe Candlestick shows Buyer exhaustion with a wick on top of this months candlestick , which is also bearish -Monthly Timeframe Candlestick shows price in a consolidation zone between 1.85000 and 1.764000 -Weekly Timeframe Candlesticks also show buyer exhaustion with the last two weeks of candlesticks being wicks at the top of the...
REASONS: -Monlthy Timeframe Candlestick is currently BULLISH -Weekly Timeframe Candlestick is currently a wick and last weeks candle was a bullish wick showing sellers exhaustion -Daily Timeframe Candlesticks show inverse head and shoulder pattern -Lower Timeframes correlate with higher timeframes -3 to 1 Reward:Risk Ratio SL: 0.628180 TP: 0.641133 My...
REASONS: -Monthly Timeframe Candlestick is BEARISH -Weekly Timeframe , Price retraced to 61.8% with wicks at the 78.6% level - Daily Timeframe is a Double Top Candlestick Formation - Lower Timeframes Correlate with higher timeframes My Purpose: I am executing projections and trades that create generational wealth for myself and others. Sidenote: Learning &...
REASONS: -MONTHLY TIMEFRAME IS CURRENTLY AT A LOWER HIGH IN A DOWNTREND -Weekly Timeframe price retraced to 61.8% and bearish candlestick closed below 38.2% -Lower Timeframes correlate with higher Timeframes My Purpose: I am executing projections and trades that create generational wealth for myself and others. Sidenote: Learning & Applying PRICE ACTION is key....
GBPAUD LONG BIAS REASONS: -THIS MONTHS CANDLESTICK IS BULLISH CURRENTLY -Monthly Timeframe is still in an uptrend -Weekly Timeframe is bullsih - Daily Timeframe is bullish - Lower Timeframes are correlates with higher timeframes -PRICE RETRACED AT 78.6% and previous bullish candle closed at 38.2% Comment and lets unpack this together ! My Purpose: I am...
REASONS: -Monthly , Weekly & Daily candlesticks all are Bullish currently -LOWER TIMEFRAME Correlates with Higher Timeframes. -ON the 1HR Timeframe price retraced to 61.8% and a bullish candlestick closed at 38.2% , meaning there are more buyers in the market currently My Purpose: I am executing projections and trades that create generational wealth for...
AUDJPY SHORT REASONS: -Monthly & Weekly Timeframe Bearish -ON DAILY TIMEFRAME Price Retraced to 61.8% and Bearish Candlestick closed on 38.2% -LOWER TIMEFRAME Correlates with Higher Timeframes. My Purpose: I am executing projections and trades that create generational wealth for myself and others. Sidenote: Learning & Applying PRICE ACTION is key....
Higher Timeframe confirmation 38.2 retrace level on the 4 hour chart. 4 to 1 reward risk ratio Its a go
GBPUSD Short projection. Based on higher timeframesn showing more sellers in the market and buyers exhaustion on lower time frames
This my bias for AUD/USD and my target price for take profit. Target was reached to a T.
Wave Cycles for MT4 Identifies cycles derived from every major high and low and automatically paints them on the chart for you. The ANGLE of the cycle gives you a roadmap into the future as to what type of move one can expect. The steeper the angle the greater the tendency for a market to rally/decline rapidly.
Broken structure to the upside on 4hr timeframe... retest to the 38.2 Fibonacci price reversal zone level... nice sellers exhaustion wicks forming on the 4hr with a nice bullish engulfing candle forming