The market is currently trading very low in the curve,there is a high chance that the monhtly demand will take control and start pushing price higher. i will post a follow up of the daily chart to show where i will be looking to take potential long positions
1. The white line is the weekly support line, which the price could make a double bottom pattern on it.
2. The price could break the YELLOW LINE which is 1H downtrend line. this line has been retested too after being broken.
3. the time to get into a long position is when the price crosses the GREEN LINE as the important 4H resistance line. the more safe time is...
Detailed backtest results
- prnt.sc
- Win/Loss ratio : 433%
- Non losers : 82%
- Net R : 19.75 R across 17 trades
- Avg R / winner = 1.52
- Avg R / trade = 1.16
Icons on the chart
- Thumbs up : Trade was a win
- Thumbs down : Trade was a loss
- Circle with a cross : Trade was breakeven
- Cross : Did not take the trade due to one or more trade qualifiers
- Bug...
Price has been in a long downtrend and finally hit a key weekly level. Price began to range and form a head and shoulders reversal pattern. Heat map indicates that we are looking for buys along with the recent strength of the USD. The Danish Krone is also pretty weak compared to the recently bullish dollar and is starting to sell off around its key level. The MACD...
Targets as per usual. Looks rangebound. Zoom out to the daily and you can see a recognizable down trend.
You can pretty much make out the distribution patterns on the 1 hour pretty well.. you can also see the accumulation and mark ups .. may have to drop to the 15 to make out the patterns for accumulation.
Will see what happens next week!
